August 2025 Real Estate Market Update

As we move into the end of summer and begin to look toward fall, it’s a perfect time to reflect on how the local real estate market is performing across some of Orange County’s most sought-after coastal communities. August brought a mix of shifting trends—some areas saw rising home values and buyer momentum, while others experienced price adjustments and fewer transactions. Here’s a closer look at how Newport Beach, Costa Mesa, and Corona del Mar fared last month.
🏡 Newport Beach
Closed Sales: 60
Change in Sales Volume: ⬇︎ 7.1% YoY
Average Sales Price: $4,337,000
Change in Price: ⬆︎ 12.4% YoY
Newport Beach is showing a modest slowdown in transaction volume, but home values are trending upward. Demand in the luxury sector remains strong, fueled by limited inventory and enduring buyer interest.
🏘️ Costa Mesa
Closed Sales: 47
Change in Sales Volume: ⬇︎ 2.1% YoY
Average Sales Price: $1,695,000
Change in Price: ⬇︎ 62.2% YoY
Costa Mesa experienced a dramatic year-over-year drop in pricing. While buyer interest remains active, this sharp correction likely reflects a return to more typical price points after a significant outlier spike in 2024.
🌊 Corona del Mar
Closed Sales: 18
Change in Sales Volume: ⬆︎ 20% YoY
Average Sales Price: $4,417,000
Change in Price: ⬇︎ 5.9%
Despite a dip in average sale price, homes are moving more quickly—average days on market dropped to 43. This indicates sustained demand in one of Orange County’s most desirable coastal enclaves.