Newport Beach Short Sale Real Estate report.

by Vince Bindi on February 1, 2012

The following report is for standard sales and short sales in Newport Beach . This article is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property sales in Orange County. Currently, there are a total of 269 detached homes listed for sale in Newport Beach , California. The median price of these active homes for sale is $1,950,000 and the average price per square foot is $728 . Of this total, 21 are short sale listings active for sale. These short sale listings represent 8% of the total inventory of detached homes for sale. The median price of these short sale properties is $1,100,000 and the average price per square foot is $452 .

Currently, there are 60 detached homes under contract in escrow, and the median price of these pending properties is $1,295,000 . Of this total pending properties, 25 are short sales, which is 42% of the total detached properties in escrow in Newport Beach . The median price is $1,100,000 .

In the past 90 days, there have been a total of 96 detached homes that have sold and closed escrow in Newport Beach . The median price of these sold homes was $1,360,000 and the average price per square foot was $567 . Of this total were 4 short sale properties, which was 4% of the total sales. The median price was $950,000 , and the average price per square foot was $479 .

For more information about short sale homes and condos, please visit our website at: Newport Beach Short Sale Real Estate. To speak with a Short Sale professional, or to set an appointment, feel free to call: (888) 201-7066, or email us at: [email protected].