Newport Beach Luxury Homes

Newport Beach exhibits a Seller's Market as there are more buyers than there are homes for sale. Charles Mansur, a realtor in Newport Beach California, reported that as of February 2005, there were 104 new listings. The average list price hovered around $1,845,989, which is an increase of around $129,584 since January. Obviously, this is a major appreciation from January to February. Also, as of February 2005, there were 34 homes under contract at an average list price of $1,145,351. This number is up by $189,813 since January. In conclusion, the average price of homes in Newport Beach is up by $289,670.

Ginger Bohland Aliotta is convinced that Newport Beach is a very sound investment for home buyers. She bases this on a combination of the booming economy in the area, the growing population and a housing shortage that pretty much guarantees that any property purchased will appreciate. George Greiner reports that real estate professionals expect prices to increase by approximately 15% in 2005.

Newport Beach Offerings:

Newport Beach also offers many perks and amenities to residents. Newport Beach offers a bay and a harbor for boating and yachting. Greiner mentions that Newport Beach also offers a wide variety of homes, from modern luxury homes to elegant townhomes. The many offerings and amenities coupled with current market conditions makes an investment in Newport Beach luxury homes a good investment.