As we move into the summer season, it’s a great time to reflect on how the local housing markets are shaping up. Here’s a quick look at how the real estate market performed in May across three key coastal cities in Orange County.
Newport Beach
- Closed Sales: 84 homes
- Change in Sales Volume: ⬇️ 7.7%
- Average Sales Price: $3,616,821
- Change in Price: ⬆️ 6.2%
Newport Beach saw a modest decline in closed transactions compared to last year, but home values continued to edge higher—highlighting the area’s enduring appeal and strength in the luxury market.
️Costa Mesa
- Closed Sales: 53 homes
- Change in Sales Volume: ⬇️ 7%
- Average Sales Price: $1,640,000
- Change in Price: ⬆️ 17.1%
Costa Mesa experienced a slight drop in sales, but average prices surged year over year. Demand remains high, and limited inventory continues to drive values upward.
Corona del Mar
- Closed Sales: 25 homes
- Change in Sales Volume: ⬆️ 19%
- Average Sales Price: $4,492,000
CDM had a strong showing this May, with a noticeable uptick in transactions and continued strength in luxury pricing. Buyers remain eager to secure homes in this coveted coastal enclave.
Combined Summary: The coastal market in May 2025 demonstrated solid momentum, particularly in Corona del Mar, where sales volume jumped significantly.
Though Newport Beach and Costa Mesa saw slightly fewer closings year over year, pricing trends remained firmly positive. In all three cities, tight inventory and ongoing buyer interest are sustaining values and signaling continued confidence in the local market.
