Newport Beach Real Estate – Home Sales and Lease Values

from Baycrest homes 

Newport Beach real estate – Home Sales and Lease Values update – February 2011  Newport Beach Real Estate




________________________________________homes sold 2010 

691 Newport Beach homes were sold during 2010.

  • Average sold price was $1,417,530  
  • Average interior size was 2,232 SF
  • Average time on market was 131 days
  • 94 of those sold were short sales (13.6% of market)
  • 61 of those sold homes were REO                   

604 Newport Beach homes were leased during 2010.

  • Average leased price was $3,593 per month homes leased 2010
  • Average annual lease cost was $43,116
  • Average cost of annual lease was 3% of average cost of sold Newport Beach home during 2010
  • Average interior size was 1763 SF
  • Average time on market of 51 days

At the end of the January, 2011 @ Newport Beach

  • 139 Newport Beach homes were listed for lease
  • Average list price was $5,421 per month
  • So average annual lease list price was $65,052  
  • Newport Beach owners asking 50% more money at for lease listing than average completed lease price
  • Average time on market of 114 days 

See Newport Heights single family home listings – click here for active link

See Baycrest homes listings at Newport Beach – click here for link

 See Balboa Peninsula listings – click here for link 


This is for information only and data from Southern California Multiple Listing Service, which does not include FSBO, new homes sales by the builders, and homes sold at trustee auction sales at end of foreclosure.

If you are interested to sell, buy, or invest in homes and real estate at Newport Beach and Orange County, California, please contact me.  Harrison K. Long – solutions for real estate and business – REALTOR® and broker associate, Coldwell Banker Residential Brokerage– 949-854-7747 (phone) – (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs®.

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Thanks for contacting us about listing and selling of homes and properties at Newport Beach and Orange County, California. 

Posted via email from Explore OC Homes

About Harrison K. Long

Professional real estate representative, REALTOR® agent, GRI, Broker associate, Evergreen Realty HomeSmart - Orange County, CA - CALBRE 01410855 - Helping home and property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about real estate - Orange County Association of REALTORs®, member and service on its board of directors; California Association of REALTORs® (now serving on its board of directors for 2011-2015); National Association of REALTORs® - attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515
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