The Newport Shores absorption rate based upon recent sales is approximately 3 months to sell the exising Newport Shores inventory.
Search the MLS for homes for sale in Newport Shores in Newport Beach.
Additionally, there is a Canal front property in Newport Shores in Newport Beach for sale being offered at $1,400,000. This home has been completely remodeled.
Search for Homes by Community in Newport Beach
Blog Disclaimer Important Notice
Sharon,
Your absorption rate is pretty good. I think that area has not been as affected as much it seems the homes just stay on the market longer. Is that true?
Hi Yolanda - the absorption rate is not bad with only 3 months of inventory, however the prices have softened. Some properties do stay on market especially with sellers who are unrealistic.
Sharon,
Looks like a beautiful place to live. Not a large number of homes available and number of months of homes supply is pretty low. How have the prices gone up or down?
HI Bob - the prices have definitely softened in the past few years, and a good time to buy.
I cant stop looking a that gorgeous picture. What a great way to enhance your Newport Shores homes market update, Sharon.
Sharon
What a wonderful community, and you showcase it so well. That 's a pretty low absorption rate. Any guesses as to why?
Jeff
HI Janee - thanks very much - we really get beautiful sunsets here.
HI Jeff - yes - the inventory in general is low. Houses typically move every month in this neighborhood, and this part of Newport has become more affordable.
Newport Shores looks like a super strong seller's market! Beautiful market report for Newport Shores as always!
Sharon - Great real estate market report for Newport Shores and I'm not shocked that it's a sellers market.