Newport Shores Market Update | Newport Beach Homes for Sale

Newport Shores in Newport Beach | Market Update | January, 2013

Newport Shores in Newport Beach is a beach community  which is located on the west side of Newport Beach. There are approximately 440 homes which are located on the west side of Newport Beach.  Living in Newport Shores provides a wonderful beach lifestyle.  There are single family homes,  condos, and duplexes in Newport Shores. The Army Corp of Engineers has begun dredging the Newport Shores Canal and the dredging continues.It is going to be so nice, and the water will be so clear. The residents cannot wait for this job to be completed, but it is interesting just the same to watch!

Newport Shores

The community of Newport Shores has a community pool, tennis court, basketball court, sand volleyball court and clubhouse,  for the residents of Newport Shores in Newport Beach.

Currently, there are 1 active listings, and 1 in back up, 0 pending and 0 sales, and 1 on hold  in January, 2013.

Average price of sold homes over past one year was $934,861 with a price per square foot of $598.63.  The highest priced sale in Newport Shores in the past one year sold for $1,400,000 on the Canal on 62nd Street. The highest priced home sold on the interior in Newport Shores was $1,030,000.

Median price for the past one year is $834,500 and a price per square foot of $580.85.

1 Active Listings compared to 0 in December, 2012 – up +1
1 Back Up compared to 2 back up in December, 2012 – down -1
0 Pending Sales compared to 0 pending in December, 2012 – the same
0 Solds compared to 3 sales in December, 2012 – down -3

Inventory is incredibly low, and if you are with the pent up buyer demand, why not list your Newport Beach home now to avoid the spring rush.

For complimentary market analysis, please contact me.

For a complimentary, no obligation Market Snapshot of all the homes listed and sold in your area, visit www.NewportBeachHomeValue.com and sign up for Market Snapshot delivered right to your email.

Previous months Newport Shores market reports:

January, 2013
December, 2012
November, 2012
October, 2012
September, 2012, Market Report
August, 2012 Market Report
July, 201 2 Market Report
June, 2012, Market Report
May, 2012 Market Report
April, 2012 Market Report
March, 2012 Market Report
February, 2012 Market Report
January, 2012 Market Report
December, 2011 Market Report

Market absorption is still considered a seller’s market in Newport Shores in Newport Beach. There are no active listings at this time.

Market update in Newport Shores

Search the MLS for Newport Shores homes for sale in Newport Beach.

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Dredging Continues in Newport Shores in Newport Beach

Contractors for the U.S. Army Corps of Engineers are continuing to dredge the area near Newport Shores and the Santa Ana River Marsh in Newport Beach.

This project is to improve the water circulation and channel depths. Contractors have told me that the project is supposed to be completed by the end of March, 2013.

Newport Shores Dredging

It is quite interesting to watch this project. They have actually built dams and part of the Newport Shores canal is currently drained so they can dredge it. It is interesting to watch as they laid down steel to create a road for the big equipment to operate from. The heavy equipment operators are quite skilled.

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The dredging is only continuing to the beginning of 62nd Street as that area is operated by the City of Newport Beach.

I will keep you updated of future dredging updates in Newport Shores.

Originally posted at NewportBeachRealEstateCafe.com

Dredging has Begun in the Newport Shores Canal!!

Newport Shores in Newport Beach is surrounded by a Canal which is fed by the tide. Newport Shores is surrounded by the Canal which is fed the tide. The water level rises along with the tide. On the Canal Street side – the water way is fairly good size, and it makes for a very nice stand up paddle board ride or kayak.

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This area is managed by the Army Corp of Engineers and they have begun dredging this area. It is quite exciting for the Newport Shores residents because it has not been done for about 18 years (from what I was told).

The dredging will be done up behind the tennis court (near Canal Circle) and will not continue down the 62nd Street side as that area is managed by the City of Newport Beach.

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I will keep you udpated with photographs and videos of this great progress!!!