While the housing “Crisis” is souring the taste for real estate in the country and parts of Orange County, three Newport Beach ZIP codes have increased in value! Showing Newport Beach real estate is resilient, and maybe, one could surmise, this is the first sign of the bottom that so many people are looking for.
Recently reported by The Daily Pilot, and according to information compiled by DataQuick, home prices have risen in only seven of the 82 Orange County ZIP codes in the past year. Newport Beach real estate accounted for three of the seven ZIP codes with increased property values. The winning Newport Beach ZIP codes are: 92660, 92661 and 92662.
Buyers beware - once sellers get wind of increasing prices watch out - they may not be so willing to drop the price. Get off the fence and make an offer!
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