Newport Beach Real Estate Activity

While the economy is having it's issues, I am happy to say that real estate in many Newport Beach Communities continues to do very well. Presently in the community of Lido Island the average price has only slipped 2.4% making the average sales price this year $2,947,306. Currently there are 31 homes available for purchase ranging from $ 1,499,000 to $12,900,000. Although the prices have come down a bit we forget how much they went up the past 5 years, so technically there isn't a drop, it's just an adjustment. This tells me once again that this is the time to buy real estate. Buy when people are selling, and sell when buyers are buying.

Another community where you can't go wrong is Balboa Island. Not only have prices gone up on the island by 5.6% but so far this year we have sold one more home than last year. The average price sold on Balboa Island today is $2,923,500. Currently there are 28 homes available ranging from $1,329,000 the lowest in years, to $6,000,000.

For more information on Lido Island and Balboa Island, or any community in NEWPORT BEACH please visit my website.

For a free Neighborhood report click here.

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