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.
