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Westcliff in Newport Beach, CA | Market Update | February, 2012

Westcliff in Newport Beach is located in the Upper Newport Bay area.  Westcliff has been a highly sought after area in Newport Beach to reside. There are many residents who choose to live in this area because of the close proximity to Mariner's Elementary School. Westcliff is in an ideal location and is within walking distance to the Castaways biking trail, the Back Bay area, Newport Acquatic center (NAC), Mariners Park coveted Mariners Elementary School, and the Newport Beach public library. Also located within very close proximity to 17th Street for shopping and dining, Westcliff is a beautiful area.

There are several different tracts in the Westcliff area in Newport Beach.

Currently, there are 4 active listings (1 short sale), 4 in back up status (3 short sales), and 1 in pending status which is a standard sale. The last recorded sale in Westcliff in Newport Beach was in December, 2011.

There are been 14 sales in the past year, with two distressed sales - one short sale, and one REO. The average sales price in Westcliff over the past year is $1,182,392 and $493.82 price per square foot.

westcliff in newport beach market report

 

There is a low absorption rate for short sales in Newport Beach. One month does not signify a trend.
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Westcliff absorption rate

Search the MLS for real estate in Westcliff, and Newport Beach homes for sale.

Originally posted at NewportBeachRealEstateCafe.com

Sharon Paxson REALTOR®
Compass
949.280.0681

 

 

 

 

 

 

 

 

 

Comment balloon 2 commentsSharon Paxson • March 29 2012 10:02PM
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