Current Market Trends in Corona del Mar & Newport Beach for Waterfront Properties


Are you curious about the current market trends for waterfront properties in Corona del Mar & Newport Beach? I’m often asked what is going on with oceanfront and bayfront properties along Newport and Corona del Mar. People are wondering if any of these waterfront homes are selling … and the answer is yes, they are. Here are some statistics that you may find interesting:

As of November 4, 2009 in Corona del Mar

* Bayfront Condos / Homes For Sale in Corona del Mar: 7
* Oceanfront Condos / Homes For Sale in Corona del Mar: 5
* As of today, there are 0 bayfronts and/or oceanfronts in escrow
* Since January 2009, there have been 3 waterfront sales – all 3 listings were bayfront listings

As of November 4, 2009 in Newport Beach

* Bayfront Condos / Homes For Sale in Newport Beach: 59
* Oceanfront Condos / Homes For Sale in Newport Beach: 24
* As of today, there are 4 bayfronts and/or oceanfronts in escrow
* Since January 2009, there have been 44 waterfront sales throughout Newport Beach – 10 were oceanfronts and the remaining 34 were bayfronts (condos & SFR’s)

Currently, the least expensive oceanfront residence for sale in Newport Beach is a penthouse condo on the peninsula with 3-bedrooms and is listed for $920,000. The most expensive oceanfront residence currently for sale in Newport Beach is a 10,000 square foot contemporary home on a double oceanfront lot on Peninsula Point. It is currently listed for sale at $19,500,000.

Currently, the least expensive bayfront residence for sale in Newport Beach is a bayfront condo near Lido with 2-bedrooms/2-baths. It is currently listed for sale at $1,295,000. The most expensive bayfront home currently for sale in Newport Beach is on Harbor Island with 10 bedrooms and 12 baths. It is currently listed for sale at $32,600,000.

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