Newport Beach Luxury Real Estate

Finding Newport Coast Properties just got a lot easier with our hyper-local search engine.  Our search technology is a snap, making it easy for you to find information on every MLS listed chunk of property for Newport Coast realty. With the state’s prettiest and colossal real estate, Newport Coast is a play area for sun lovers.  So it is easier for a buyer to know where they want to be.  2newportbeach.com organized all listing’s according to 36 different Newport Coast alcoves.

For our main Newport Coast page, see what homes are available, see photo’s, and check property details.  Just like that, you can can enter your preferred search criteria using our search features to locate all homes in your size and price range in a twinkle.  But that’t not all, we have produced out-and-out listings for current homestyles including one of a kind custom houses, available ground, and waterfront estates .

Intelligent Newport Coast Properties Shopping

Purchase with the dominance of facts on you side.  Our up to date sales feature helps you to make  informed decisions by fetching the sale price of related real estate that has sold in recent times.  Simply type in the address of the home you want to find out more about, and we will track our sales record to find you the data you want to leverage yourself into a encouraging sales cost.

At 2newportbeach.com, you will find a completed range of building styles and homes to fit every style.  We’re constantly creating our record to consider Newport Coast’s most existing listings.  Visit us frequently to make sure you do not skip the possibility to acquire a wonderful Newport Coast home for sale.

Finding Newport Coast California Real Estate has never been easier to search with our local search engine.  We bring you powerful interactive technology, making it easy for you to find information on every MLS listed piece of property for Newport Coast homes. With some of the countries most lavish and vast real estate, Newport Coast is a play area for America’s elite.  To make it easy for the home buyers to know where they want to be, 2newportbeach.com has organized the area’s upscale listings according to 37 different Newport Coast communities.

From the main page for Newport Coast, you can see every featured listing, see photo’s, and check detailed property information .  In a flash, you can can enter your preferred search criteria via our great features to find all houses in your price and size range in a moment.  But that’t not all, we have created dedicated listings for prevalent homestyles including one of a kind custom houses, available terra firma, and dockside homes.

Intelligent Newport Coast California Homes For Sale Shopping

Buy with the right of experience on your side.  Our new sales feature helps you to make  informed decisions by fetching the sale price of comparable real estate that has sold in recent times.  Just type in the address of the household you want to find out more about, and we will trace our sales record to find you the information you call for to leverage yourself into a favorable sales fee.

At 2newportbeach.com, you’ll find a broad variety of architectural styles and houses to match any style.  We’re constantly creating our record to reveal Newport Coast’s most recent available homes.  Call in on us frequently to make sure you do not forget the prospect to get the precise Newport Coast house.

The Laguna Beach real estate market is very unique to the southern California coastline.  We generally have over 300 days of sunshine a year in Laguna Beach.  I happen to live in this amazing town and have noticed lately how many Laguna Beach homes there are on the market with many Laguna Beach homes for sale.

When starting your search for laguna Beach real estate, use 2lagunabeach.com to find your dream home.  You can search using the interactive map and also by local area in the city.

The Newport Coast real estate market has seen it’s share of trouble during this Newport Coast homes for sale downturn.  The Newport Coast real estate market update can be found at 2mediainfo.com and gives all the market information for Newport Coast real estate zip code by zip code.  There are quite a few Newport Coast homes for sale and many are headind for the auction blocks in October.  The  Newport Coast community has an amazing number of neighborhoods that share panoramic ocean views and total exposure to the sunny California weather.

The market this week for Newport Coast real estate for the week of 10/17/2008 places the medium family home at $3,699,000 with 167 homes that have been on the market for an average of 161 days. While prices have been flat, the price for per square foot has been heading downward.

This weeks market update for Newport Beach property in the 92661 zip code which includes the Balboa Peninsula real estate market.  This week the single family home price for Newport Beach this week is $2,869,500.  There are currently 422 homes that have been on the market in the Balboa real estate market and have been on the market for an average of 164 days with half of those listings have come newly on the market in the last 133 days or so.  The inventory for this area is on the upswing but the amount of days on market trneding down.  We see the prices for the Balboa Peninsula real estate trending downward right now and market conditions remain weak.

Invertory For Newport Beach Homes For Sale

The inventory for Newport Beach Homes has been falling in recent weeks and seems to indicate a stronger sellers market.   Newport Beach Home sales have been exceeding new inventory for a number of weeks.

When searching for a home on the internet, it is important to use what are called “keywords”.  These are the words that you type into Google, MSN, etc. to find the ares you would like to find.  When searching in the Newport Coast real estate market, terms like newport coast california real estate would be a good one one to use.  Other search terms like real estate newport are too broad to use when searching for a smaller area, so a better term would be newport coast property or newport coast home.

The percentage of people who begin their real estate search is upwards of 87% and that number continues to grows each year.  The amount of information for the real estate searcher is no longer controlled by the real estate agents, it is now freely available from many sources.  One of the sources we like to use for some local luxury markets is 2mediainfo.com because they provide market and recent sold data for free with no registration required.

The Newport Beach real estate market has seen somewhat of a slowdown in 2008. This, of coarse, has been due to the sub-prime lending cluster bomb.  Homes for sale in Newport Beach has maintained a higher than average sell through rate.  The neighborhoods in the greater Newport beach area, which include Lido Isle, Newport Coast, Newport heights, Newport Coast, Crystal Cove, and Balboa Island are all areas that provide an abundance activities and outdoor sporting activities.  Their is surfing in Newport Beach and Corona del Mar, mountain biking in Crystal Cove park, and there is always a city park to relax in.  So when you are ready to start your search for your dream home 2newportbeach.com is there to find everything you need to know about the Newport Beach real estate market, Corona del Mar real estate market, homes for sale in Crystal Cove and all the other aspects of finding just the right place to live.  market data for the real estate areas that 2media is proud to represent in the cities of la Jolla, Newport Beach, Laguna Beach, Beverly Hills, and Santa Barbara.

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Current prices for homes on the market

Trends in pricing

Current levels of supply and demand

market update

NEWPORT BEACH REAL ESTATE

92661

2008-09-26

Report for the week

2mediainfo.com

www.2mediainfo.com/info@2mediainfo.com

Presented by 2media Info

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The median single family home price in NEWPORT BEACH this week is $1,998,000. The 409 homes have been on the market for an average of 167 days.

The zip code for this area includes Balboa Peninsula California

THIS WEEK

Most Expensive Listing

Least Expensive Listing

Median List Price

Average List Price

Real-Time Market Profile Trend

Total Inventory

$ 1,998,000

$ 2,916,698

$ 38,500,000

$ 99,900

409

Average Days on Market 167

Asking Price per Square Foot $ 750

Absorbed This Week* 41

Percent of Properties with Price Decrease 41 %

Percent Relisted (reset DOM) 13 %

Percent Flip (price increased) 2 %

City Overview NEWPORT BEACH HOME

4,501 - 6500 sq ft

Altos Research Value Statistics

Market Action Index

Median Number of Bedrooms

Median Number of Bathrooms

Median House Size (sq ft)

Median Lot Size

Median Age

2,674

4.0

3.0

39

Cold! Buyer’s 15

Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market. To get a tightly targeted understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed.

QUARTILES

Characteristics per Quartile

*Metric “Absorbed this Week” covers properties sold and those taken off the market for other reasons.

Since sales sometimes take months to close, it is impossible to discern in real-time exactly which properties

sold.

4,026 5.0 5.0 28 102 9 9 Most expensive 25% of homes

4,501 - 6500

1 $ 4,770,000 sq ft 157

3,107 4.0 4.0 36 102 20 15 Upper-middle 25% of homes

4,501 - 6500

2 $ 2,495,000 sq ft 178

2,460 4.0 3.0 44 102 13 13 Lower-middle 25% of homes

4,501 - 6500

3 $ 1,750,000 sq ft 178

1,785 3.0 2.0 46 103 8 4 Least expensive 25% of homes

Less than

4 $ 1,099,000 4,500 sq ft 158

We’ll refer to the quartiles in the

trend graphs below.

2media Info Market Update for NEWPORT BEACH REAL ESTATE INFO 22Media Info | http://www.2mediainfo.com

PRICE

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

QUARTILE PRICES

Price weakness is evident almost across the board. Quartiles 2, 3, and 4 have been in price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market. Often, we find insights by watching pricing trends within the quartile segments.

2media Info Market Update for NEWPORT BEACH HOUSE 2Media Info | http://www.2mediainfo.com

We’re seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.

PRICE AND VALUE

INVENTORY

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a

strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

2media Info Market Update for NEWPORT BEACH HOUSES 42Media Info | http://www.2mediainfo.com

The NEWPORT BEACH market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 15. With several months of inventory available at the current sales rate, buyers should find ample choice. Home sales have been exceeding

new inventory for several weeks. However because of excess inventory, prices have not yet

stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market

to a Seller’s market.

The Market Action Index (MAI) illustrates the balance between supply and demand

using a statistical function of the current rate of sale versus current inventory.

Newport rentals

An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot

Market”) because demand is high enough to quickly gobble up available supply. A

hot market will typically cause prices to rise. MAI values below 30 indicate a

“Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes

is sufficient to last several months at the current rate of sales. A cold market will

typically cause prices to fall.

Residential house prices are a function of supply and demand, and market MARKET ACTION INDEX

conditions can be characterized by analyzing those factors. Watch this index for

sustained changes: if the index falls into the Buyer’s Market zone for a long period,

prices are likely in for a downward correction.

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer’s Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end

of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

The quartiles can help you answer the question, “How hot is the market for homes

in my price range?”

MARKET ACTION

2media Info Market Update for NEWPORT BEACH 52Media Info | http://www.2mediainfo.com

Neighborhood Detail 92661

NEWPORT BEACH

Most Expensive Listing

Least Expensive Listing

Median List Price

Average List Price

Real-Time Market Profile Trend

Total Inventory

$ 2,889,000

$ 4,996,834

$ 29,500,000

$ 1,495,000

37

Average Days on Market 176

Asking Price per Square Foot $ 1,386

Absorbed This Week 0

The median single family home

price in NEWPORT BEACH 92661

this week is $2,889,000.

THIS WEEK

Median Number of Bedrooms

Median Number of Bathrooms

Median House Size (sq ft)

Median Lot Size

Median Age

2,579

3.2

3.8

28

Altos Research Value Statistics

Less than 4,500 sq ft

Market Action Index Cold! Buyer’s 8

With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions don’t seem to have strong up or down pull.

PRICE

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent upshift in the Market Action Index before we see prices move from these levels.

2media Info Market Update for NEWPORT BEACH 72Media Info | http://www.2mediainfo.com

PRICE PER QUARTILE

In the quartile market segments, we see that while the lower half of the market has seen negative price pressures lately, the upper half has not. Quartile 1 has been trending up

recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resume

the trend of the rest of the market.

Characteristics per Quartile QUARTILES

Bed Bath

Med. Sqft Med.

Age Inven. New

AbQuart

Median Price Med. Lot Size sorbed

Avg.

DoM

4,126 5.0 5.0 7 9 0 0 Most expensive 25% of homes

Less than

1 $ 4,500 sq ft 114

2,500 3.0 4.0 9 9 0 0 Upper-middle 25% of homes

Less than

2 $ 3,499,000 4,500 sq ft 250

2,508 3.0 3.0 32 9 0 0 Lower-middle 25% of homes

Less than

3 $ 2,350,000 4,500 sq ft 222

1,322 3.0 2.0 60 10 1 0 Least expensive 25% of homes

Less than

4 $ 1,937,500 4,500 sq ft 125

The value placed on homes continues to increase, despite the fact that prices in general have

been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

PRICE AND VALUE

2media Info Market Update for NEWPORT BEACH HOMES FOR SALE 82Media Info | http://www.2mediainfo.com

INVENTORY

Inventory has been climbing lately with 37 properties available this week. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index to gauge whether buyer interest is keeping up with available supply. The NEWPORT BEACH 92661 is

quite strongly in the Buyer’s Market zone. The 90-day Market Action Index stands at 8. With

several months of inventory available at the current sales rate, buyers should find ample choice.

MARKET ACTION INDEX

MARKET ACTION

Not surprisingly, all quartiles are in the Buyer’s Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.

2media Info Market Update for NEWPORT BEACH CA. REAL ESTATE 9