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.
August 2025 Real Estate Market Update
