Stacy’s Newport Beach & Real Estate

Newport Beach, Corona Del Mar & Coastal OC Real Estate

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Newport Beach, Corona Del Mar & Newport Coast REAL ESTATE MARKET NEWS for mid-March, 2010.

The median list price in NEWPORT BEACH, CA 92660 this week is $1,682,500.  Average Price-per-Sq.Ft  is $542.  Average DOM (Days on Market) is 245. Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.

The median list price in NEWPORT BEACH, CA 92663 this week is $1,975,500.  Average Price-per-Sq.Ft  is $783.  Average DOM (Days on Market) is 262. Demand measured by the Market Action Index is increasing and days-on-market is trending downward.

The median list price in CORONA DEL MAR, CA 92625 this week is $2,500,000.  Average Price-per-Sq.Ft  is $901.  Average DOM (Days on Market) is 269.  Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a
weakening market.

The median list price in NEWPORT COAST, CA 92657 this week is $3,037,000.  Average Price-per-Sq.Ft  is $739.  Average DOM (Days on Market) is 301.  Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

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What can $10 Million Buy in Newport Beach?

Do you have a house for sale?  2008 is turning out to be a good year for real estate in Newport Beach, Corona Del Mar and Newport Coast.  Two of the three highest priced SOLD homes in NB, CDM and NC went for more than $10 million dollars (USD).  The third home SOLD for just under $10 million (USD). 

This home on Oceanfront is located in the Balboa Peninsula Point area of Newport Beach. This beautiful home is only 3 years old, has 5 bedrooms plus 5 1/2 bathrooms, and a 3-car garage. Besides being truly stunning inside, the builder incorporated advanced technological systems such as verbal/audio request for the surround sound system to initiate. The home is on the sand, has direct beach access, and has an expansive roof top deck. The ground level patio has fireplaces (yes, that’s fireplace with an “s”), BarBQs, and a fabulous outdoor kitchen/cooking facility. This stunning home sold for $10, 150,000.

This home on Carnation Ave. is located in Corona Del Mar. This 3 year old home has incredible views of Newport Harbor, the Pacific Ocean and Catalina Island. The home has over 5,000sf of living space with 3 bedrooms and 3 1/2 bathrooms, and several of the rooms open to the Harbor and stunning views. The outdoors living areas are warm and inviting with beautiful fireplaces, views and a private pool. This incredible home sold for $10,250,000.  

This last featured home is on Avalon Vis in the Newport Coast area of Newport Beach (no photo available). This is a true Estate Home currently being completed with over 14,000sf of living space including 6 bedrooms, 11 bathrooms and a 5 car garage. The lot is expansive, and the views are panoramic and unrestricted. The new owners will be able to relax on their patio and enjoy views of the Pelican Hills Golf Course, the Newport-to-Ensenada races, and panoramic Pacific Ocean and Catalina Island views, or take a dip in their private pool. This incredible home sold for $9,450,000.

For private showings of important Newport Beach, Corona Del Mar and Newport Coast homes, call the Stacy McCullough Team at (949) 887-1199, or leave a message on our Voice Line at (949) 219-2431.

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