The prices in real estate in Newport Beach, in the California region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Newport Beach has remained the same in the last 6 months. In February, the average price per sq.feet was $1,262. In March this price pretty much remained the same at a value of $1,290 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $1,276 to $1,326 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $1,301 to $1,239 during June y July
Based upon to the price in Newport Beach (cities), this has gone up in the last 6 months. The price in February is $3,426,650, rising in March till $3,707,740. During the following two months (April, May) the price has had an average incrementation from $3,567,195 to $3,978,699. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $3,772,947 to $3,523,089.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $3,275,462 they are 68 % more affordable than the average price for Newport Beach. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,293,683.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $1,007 / sq.feet, with an average $1,186 / sq.feet price in Newport Beach. The properties with the highest average prices have 4 bedrooms. They are 19 % more expensive than the average followed by properties with 1 bedroom with a price at $1,301 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $3,275,462 it is 50 % cheaper than the average price in Newport Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $3,523,458 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $930 / sq.feet followed by "Condo" priced at $1,063 / sq.feet. "Duplex" is the most costly type of property with a $1,426 / sq.feet cost followed by "Commercial" with an average price of $1,220 / sq.feet.