As we head into the holiday season, the local real estate market continues to evolve. Here’s how things shaped up in November across Orange County’s most sought-after communities.
Orange County
- Closed Sales: 1,488 homes
- Change in Sales Volume: ⬇️ 6.2%
- Average Sales Price: $1,545,296
- Change in Price: ⬆️ 7.9%
Despite a slight drop in closed transactions countywide, average prices rose nearly 8% year-over-year—highlighting continued buyer interest and low inventory.
Newport Beach
- Closed Sales: 60 homes
- Change in Sales Volume: ⬆️ 7.1%
- Average Sales Price: $3,834,358
- Change in Price: ⬇️ 14.2%
Newport Beach saw an increase in closed sales this November, but average prices came down from last year’s high levels—suggesting more activity in mid-range luxury price points.
️ Costa Mesa
- Closed Sales: 51 homes
- Change in Sales Volume: ⬇️ 8.9%
- Average Sales Price: $1,700,278
- Change in Price: ⬆️ 10.6%
Costa Mesa experienced fewer transactions than last year but continued to show strong price growth, pointing to ongoing demand and competitive conditions in the $1.5M+ range.
Corona del Mar
- Closed Sales: 18 homes
- Change in Sales Volume: ⬆️ 63.6%
- Average Sales Price: $6,008,912
- Change in Price: ⬆️ 51.4%
Corona del Mar had a standout month, with both sales and average prices surging year-over-year. The jump in price reflects robust demand in the ultra-luxury segment and a wave of premium property closings.
The November market reflected familiar trends—tight inventory, high buyer intent, and a shift toward more concentrated price segments. While some areas saw fewer closings year-over-year, prices largely held or increased. Newport Beach and Costa Mesa continue to show strong buyer interest, while CDM surged in both volume and pricing. Countywide, pricing remains on an upward trajectory heading into year-end.
