June, 2015 RSS Icon
Found 1 entry for June, 2015.

Can you feel it? Summer in Newport Beach is creeping up and we wanted to pass along a little snapshot of the local market and current real estate trends.

Back in December we bragged about housing inventory aplenty. Tons of listings, limited buyers. Well, we’re now experiencing the exact opposite. Inventory lacking while anxious buyers await the next great find. That makes it exciting but definitely more competitive.

We’re seeing homes sell at record price levels ($/sqft) in Peninsula Point, Bayshores, Newport Shores, West Newport, and most neighborhoods along Balboa Peninsula including Ocean fronts! The crazy thing is that most of these sales are coming in with multiple offers. So, you guessed it… We’re back to it being a Seller’s Market.

The caution here

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