Southern California Real Estate and Neighborhoods

Newport Beach Housing Undervalued

“Historically, properties in this market sell at a 33.2% premium. Today’s premium is 26.2%. This market is 7.0% undervalued.

Median home price is $1,668,500. Monthly cost of ownership is $7,660, and rents average $6,245, making owning $1,402 per month more costly than renting. ”

Newport Beach Housing Market Report: April 2017

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