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The Castaways in Newport Beach Market Update - November, 2011

The Castaways homes in Newport Beach have Cape Cod Style design and architecture. Many of these Newport Beach homes for sale do have three car garages.  The school district for the residents of the Castaways is Newport Mesa Unified School disrict, and the specific schools are: Mariners Elementary School (which is a highly sought after school), Ensign Middle School and Newport Harbor High School. Both Ensign Middle School and Newport Harbor High School are very close proximity to the Castaways in Newport Beach.

The Castaways in Newport Beach

The Castaways has two active listings and there were two sales in November. One of the sales in November in the Castaways in Newport Beach was a short sale, the other was a standard sale.

Castaways market report

Castaways absorption rate

Listings are the same as October, 2011
Sales are up +2 from October, 2011

Sales are up from October, 2010, as there was one sale in October, 2010. There is a low absorption rate, however the one short sale was on the market for 292 days. The Castaways in Newport Beach is a highly sought after community. In my opinion, the absorption rate will remain at the present rate because there is limited inventory which comes on the market.

castaways in newport beach

Search the MLS for homes for sale in the Castaways in Newport Beach and Newport Beach homes for sale.

Originally posted at NewportBeachrealestatecafe.com

4 commentsSharon Paxson Newport Beach Real Estate • December 07 2011 02:49PM

Comments

So Castaway sellers need to be watching this market.  Now would be a great time to consider selling.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) 6 months ago

I love that style of home and not a lot out there for the area.  Have a great week.

Posted by Kim Sellers Lake Arrowhead Realtor DRE#01412099 (Lake Arrowhead, CA Coldwell Banker) 6 months ago

Sharon, the picture of the house reminds me when I lived on the East Coast, little flashback to CT & MA:)BTW it looks like your market could use some inventory too, just as the Playa Del Rey market here.

Posted by Endre Barath,Jr. Los Angeles Home Sales 310.486.1002 (Beverly Hills,CA. Coldwell Banker) 6 months ago

HI Jane - they do indeed!

Hi Kim - I love it as well and it is a very popular community!

Hi Enre - the design is definitely Cape Cod style.

Posted by Sharon Paxson Newport Beach Real Estate (Prudential California Realty, DRE License 01501912) 6 months ago

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