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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

$4,456,299

AVERAGE PRICE OF 252 HOMES

$2,575,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$5,929,279

AVERAGE PRICE OF 186 MULTI-MILLION DOLLAR HOMES

$10,161,580

AVERAGE PRICE OF 19 NEWLY BUILT HOMES

$4,299,498

AVERAGE PRICE OF 91 HOMES WITH A POOL

$2,927,659

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $4,456,299
Avg Bedrooms 3.56 beds
Avg Bathrooms 3.84 baths

Average Price by Bedrooms

1 bedroom $1,849,333
2 bedrooms $1,651,318
3 bedrooms $3,080,347
4 bedrooms $5,191,092
5 bedrooms $5,808,923
Newport Beach Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 309 313 n/a n/a n/a
Average Price $4,067,458 $4,138,526 n/a n/a n/a
Avg Price Change -1.75% n/a n/a n/a n/a
Median Price $2,894,217 $2,995,000 n/a n/a n/a
Med Price Change -3.48% n/a n/a n/a n/a
Avg Bedrooms 3.51 beds 3.55 beds n/a n/a n/a
Avg Bathrooms 3.65 baths 3.7 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Corona Del Mar 51 $3,150,115 66 days
Estancia 1 $899,999 26 days
Harbor 3 $11,063,330 37 days
Newport 1 $1,888,000 20 days
Newport Harbor 53 $4,554,047 82 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 252 $4,456,299 90 days
Distressed Homes 2 $2,575,000 67 days
Multi-Million Dollar Homes 186 $5,929,279 82 days
Newly Built Homes 19 $10,161,580 135 days
Homes with a Pool 91 $4,299,498 73 days
Reduced Price Homes 15 $2,927,659 60 days
Coldwell Banker Realty
Beth & Steve Faskowitz
27111 Camino De Estrella
Dana Point, CA 92624
949-338-4631
949-510-3267
DRE# 01953514, 01968450

Based on information from California Regional Multiple Listing Service, Inc. as of September 29, 2022. 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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