Changes in home prices and sales

Good news in the market for both Corona del Mar and Newport Beach!

Corona del Mar has had a 1.6% price increase in home prices (the median home price being $1,688,250), with 21 homes sold this past year (a 320% increase).

Newport Beach, on the other hand, has a range of pricing and homes sold varying on the specific zip code.  In zip code 92661, the median price is $3,590,000 (a 246.5% increase), with only two homes sold–even with the year before.  Zip code 92662’s homes are priced around $1,750,000–an unfortunate 20.5% drop from the previous year, and three homes sold (a 40% decrease).  Newport Beach’s zip codes of 92660 and 92663 both hover within the $900,000’s, but have varying amounts of homes sold and changes from the year before.

Are you in the zip code with positive increases? Look it up! To see the complete list of cities, their median home prices, and more, please click here to go to the Orange County Register’s article and figure, or go to the DataQuick report.

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