May 2012 was a strong month in real estate for Newport Beach with good looking numbers all around. More than double the number of condominiums were sold in Newport Beach during May 2012 than April 2012 or May 2011 and single family volume remained constant. The average and median prices of homes and condos rose significantly which is a good indicator or rising home values in Newport Beach. Newport Beach prices have been on the rise all year and does not seem to have as many lingering effects from the housing bust as many other areas.
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