Real Estate Statistics
|Avg. Days On Market||77|
Property Types (active listings)
Browse Newport Beach Real Estate Listings
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- All Listings
- Under $100,000
- $100,000 - $200,000
- $200,000 - $300,000
- $300,000 - $400,000
- $400,000 - $500,000
- $500,000 - $600,000
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- $900,000 - $1,000,000
- Over $1,000,000
More About Newport Beach
Demographics : The top 10% income in Newport Beach, CA is currently $492,130.
Weather : The high temperature averages at 69°F year round, with a low-average temperature of 53°F.
Why buy here? The highest property currently listed is valued at $28,000,000. The properties price per square foot is $4,893. The values in Newport Beach, CA range from as little as $1,000,000 to $50,000,000. Exclusive communities like Harbor Island, Balboa Peninsula, Lido Isle, Linda Island, Coney Island, Balboa Island and also has access to the Promontory Bay, and the Balboa North Channel. Most homes located on the waterfront will come with a boat slip, large enough to fit a yacht. Newport Beach, on boat is amount five minute boat rise to the Corona Del Mar Bend, and ten minutes to the Harbor Island Reach, and a couple of hours to Catalina Island. Newport Beach is home to water enthusiast, it boast the “Wedge”, one of the most famous bodysurfing sites in the world. Celebrities who live here include Jim Abbott (California Angeles Pitchers). , Michelle Pfeiffer (Actress, Scarface), Vanessa Bryant, billionaires and millionaire include Bill Gross (Portfolio Manager, PIMCO), Henry Samueli (CTO, Broadcom), Donald Bren (Irvine Companies), Lynsi Snyder (Heiress to the In-N-Out Burger empire), Warren Buffet (The Omaha of Nebraska, Berkshire Hathaway). Newport Beach boast being in the top 20 wealthiest cities to live in.
Stats : Based on a recent internal survey, the average middle FICO score in Newport Beach, CA is 766, considering that most owners have several investments, ranging from on-going construction loans, multiple multi-family apartment loans, SBA loans, auto loans, industrial loans, and commercial loans per borrower, the FICO score can take a few hits when borrowing heavily- which is why we thought the FICO score would be higher. However, after considering investment income, business income, whopping average income of $774,578, including W2 and other passive income from partnerships. The average loan amount in Newport Beach is $2.1M, and the loan to values average at 55%.
The average interest rate is higher than expected, in the 6.9% rate. We attribute the high peak rate on multi family loans, industrial loans, construction loans, jumbo loans, and super jumbo loans due to customers obtaining these loans from one place, but not really the risk of having these loans individually. Our research indicates that having too many assets centralized in one middle market bank, the interest rate and overall simple interest paid for the lifetime of the loan will significantly be higher than what is on the market.
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