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Newport Beach

Why you'd want to live in Newport Beach

The City of Newport Beach is located in the coastal center of Orange County, with Los Angeles County to the north and San Diego County to the south. It has an estimated permanent population of 86,738 but during the summer months, the population grows to more than 100,000 with 20,000 to 100,000 tourists daily. Newport Beach is known for its fine residential areas, modern shopping facilities, strong business community and quality school system. It surrounds Newport Bay where approximately 4,300 boats of all types are docked within the 21-square-mile harbor area. The bay area and the City’s eight miles of ocean beach offer outstanding fishing, swimming, surfing, and aquatic sports activities. The City of Newport Beach was incorporated September 1, 1906 and the current City Charter was adopted in 1954. The City operates under a Council-Manager form of government. Its seven City Council Members are elected by district, but are voted on by the population as a whole. They serve four-year terms. The Council consists of the Mayor and six other members and is responsible for policy-making, passing local ordinances, adopting the budget, appointing committees and hiring the City Manager, City Attorney, and City Clerk. The City Manager is responsible for carrying out the policies and ordinances of the City Council, for overseeing the day-to-day operations of the City, and for appointing heads of departments. via newportbeachca.gov

Newport Beach Market Report

$4,624,207

AVERAGE PRICE OF 404 HOMES

$2,450,000

AVERAGE PRICE OF 4 DISTRESSED HOMES

$5,940,118

AVERAGE PRICE OF 311 MULTI-MILLION DOLLAR HOMES

$9,661,093

AVERAGE PRICE OF 29 NEWLY BUILT HOMES

$5,083,253

AVERAGE PRICE OF 122 HOMES WITH A POOL

$3,882,049

AVERAGE PRICE OF 18 REDUCED PRICE HOMES

Average Home

Average Price $4,624,207
Avg Bedrooms 3.65 beds
Avg Bathrooms 3.72 baths

Average Price by Bedrooms

1 bedroom $1,168,740
2 bedrooms $1,696,073
3 bedrooms $3,099,463
4 bedrooms $4,812,914
5 bedrooms $6,335,307
Newport Beach Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 416 412 352 331 287
Average Price $4,662,790 $4,564,098 $4,426,518 $4,607,022 $4,518,135
Avg Price Change +2.16% +3.11% -4.08% +1.97% -0.47%
Median Price $3,385,750 $3,401,708 $3,306,111 $3,379,000 $2,976,875
Med Price Change -0.47% +2.89% -2.20% +13.51% -0.61%
Avg Bedrooms 3.68 beds 3.71 beds 3.76 beds 3.81 beds 3.76 beds
Avg Bathrooms 3.78 baths 3.78 baths 3.83 baths 3.93 baths 3.93 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Newport Harbor 74 $4,751,038 78 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 404 $4,624,207 97 days
Distressed Homes 4 $2,450,000 72 days
Multi-Million Dollar Homes 311 $5,940,118 85 days
Newly Built Homes 29 $9,661,093 148 days
Homes with a Pool 122 $5,083,253 80 days
Reduced Price Homes 18 $3,882,049 71 days
Coldwell Banker Realty
Beth & Steve Faskowitz
27111 Camino De Estrella
Dana Point, CA 92624
949-510-3267
DRE# 01953514, 01968450

Based on information from California Regional Multiple Listing Service, Inc. as of July 19, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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