Newport Coast Real Estate Market Reports Record Sales in 2012

September 19, 2012

2012 has been a record year for sales in Newport Coast with 3 homes selling for over $10 million dollars.

Newport Coast, CA (PRWEB) September 19, 2012

The Newport Coast real estate market has reported record sales in the 2012 year. 3 sales alone have been over the $10 million dollar mark with the top sale reported at $19.425 million. The highest sale was a real estate auction of the famous “One Pelican Hill Road” property that was formally listed for as high as $57 million at one time under the marketing name “Villa Del Lago.” The property went up for sale for $37 million and sold at auction for $19,425,000. The other two sales were located in the Pelican Crest and the Crystal Cove communities. This is in comparison to 2011, where we only saw two sales over $10 million with the highest sale reported at $11,850,000.

Newport Coast is located in an exclusive area in Newport Beach, California and considered one of the most affluent and desirable places to live in Southern California. The real estate market is home to some of the most exclusive communities that reside around the 5 star Pelican Hill golf course resort. Select communities have home prices that start at $5 million dollars as well as other lower price neighborhoods including the newer Crystal Cove gated community.

About Michael Franco: Michael specializes in the Newport Coast Real Estate and understands the nuances of the people and culture of those who own and want to buy in this desirable area. Home buyers thinking about relocating to the Newport Beach area should contact Michael for the representation. His knowledge of the area and top negotiating skills have earned him over $12 million dollars in sale in 2012. For more information on Newport Coast Real Estate go to http://www.newportcoastrealestate.com or call Michael direct at 949-200-2383 today.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/9/prweb9908908.htm

Source: prweb

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