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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.

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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.