April 2012 Market Report for Newport Beach California - Sales Volume, Average Sales, and Median Sales

While Spring is typically the selling season in Southern California, that was not the case in Newport Beach. April 2012 saw a slow down in sales volume of all real estate and a decrease in average and median sales prices of condos. Single family sale prices increased as compared to the previous month with the average sales price almost a quarter million dollars higher.

Most desirable markets we track saw prices increase significantly. We attributed this primarily to a supply-demand curve shift, caused by a pull back of foreclosures coupled with an increase in the number of buyers. We will continue to monitor Newport Beach and see what the Spring and Summer months bring.

Newport Beach Real Estate Market Analysis for April 2012

Newport Beach Real Estate Sales Volume for April 2012

Newport Beach Real Estate Average Sales Price for April 2012

Newport Beach Real Estate Median Sales Price for April 2012

Contact us via e-mail or call 1-800-287-1808 for a detailed breakdown of these numbers, more information on the area, or help searching homes for sale in Newport Beach CA.

The data contained above is sourced from the MLS. CAPropertyFinder.com cannot confirm its validity.
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