Orange County June home prices highest in Newport Beach
It doesn't really come as a surprise that Newport Beach has the most expensive homes for sale in Orange County in June 2012. Situated along the coast between Huntington Beach and Laguna Beach, Newport is one of the most affluent and sought-after cities in Southern California.
This attractive community is known for its distinct flair and local charm. It contains a mix of exclusive dining and shopping options, as well as outdoor recreational opportunities like surfing, sailing and hiking. The residential streets are lined with palm trees and bright, sweet-smelling flowers that make you never want to leave.
Perhaps it's for this reason homebuyers are willing to pay more to live in this stunning community. According to the latest statistics from DataQuick, Newport Beach had the highest median home sales price in Orange County. The priciest ZIP was 92662 at $2,585,000. However, this is a 41.3 percent decrease from June 2011, and there was only one home sold in this ZIP.
The other ZIP codes in Newport had median homes sales ranging from $1,225,000 to $1,600,000. A total of 112 homes were sold in Newport Beach, in addition to 29 sold on the Newport Coast.