Is Newport Beach Real Estate Shifting? Here’s What to Know

Newport Beach Luxury Market Update: June 2025

By Jarett Richards | Berkshire Hathaway HomeServices

Whether you're buying or selling in the prestigious Newport Beach market, understanding current trends is key to making confident, informed real estate decisions. Let’s break down what the latest data means for you.

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For Sellers: Strategic Pricing in a Cooling Market

The Newport Beach single-family home market is showing signs of cooling, even though we're still in a seller-favored zone. This week’s Median List Price sits at $5,967,500, but the Market Action Index (MAI) — a measure of supply and demand — has dipped slightly from 33 to 31, indicating a subtle shift toward a more balanced market.

• What this means for you: Homes are still commanding high values, but they’re taking longer to sell. The average days on market is now 105, with 29% of listings seeing price drops.

• How to price right now: Overpricing can backfire quickly. With luxury buyers becoming more cautious, pricing accurately from the start is essential to avoid lingering on the market. Homes are relisting at a notable 10% rate, a sign that sellers are readjusting expectations.

• Pro Tip: Think value over ego. A home priced in line with market momentum attracts more serious buyers and reduces negotiation time.

For Buyers: Opportunities Emerging in High-End Homes & Condos

If you’ve been watching Newport Beach from the sidelines, this could be your moment. While home prices remain high, inventory is stable (192 houses and 65 condos on market), and market momentum is slowing — a sign that negotiation opportunities are opening up.

• Median condo prices are at $2,899,500, but new listings are coming in significantly lower, around $1,149,000. That’s a potential entry point for value buyers or those looking to invest.

• The MAI for condos is 38, still a seller’s market, but again, softening slightly — giving buyers room to make educated, assertive offers.

• Current mortgage rates are holding in the mid-6% range for jumbo loans, but well-qualified buyers may access lower rates through portfolio lenders or private financing.

• What to do now: Get pre-approved, work with a luxury market expert (hi, I’m Jarett), and be ready to move quickly on well-priced homes. Consider properties with price drops or longer days on market — these may be ripe for negotiation.

In Summary: Market Still Favors Sellers, But Momentum Slowing

The Newport Beach real estate market remains one of the most coveted in the country, with sky-high list prices and unmatched lifestyle appeal. But the data tells a nuanced story:

• Sellers: Price smart, market aggressively, and be ready to negotiate. The days of overbidding in 48 hours are easing.

• Buyers: Conditions are improving for luxury home deals. Be financially prepared and work with a local expert who understands timing, valuation, and high-net-worth strategy.

Want to discuss the right move for you in today’s market? Contact me, Jarett Richards with Berkshire Hathaway, for custom guidance and access to off-market opportunities in Newport Beach.

The real estate market data referenced in this article was sourced from the Altos Research report for Newport Beach, California, dated June 11, 2025. Altos Research provides real-time housing market analytics and insights based on active listings. While the information is deemed reliable, it is not guaranteed and may be subject to change. Readers are encouraged to consult with a licensed real estate professional for personalized guidance based on current market conditions.