Newport Beach & Costa Mesa Real Estate: January Recap & What to Expect in February
- Briana Harper
- Feb 14
- 2 min read
Hi, I am Briana Harper, with Surterre Properties here in Fashion Island, Newport Beach, CA. As a part of Hammond Moreno Associates, one of the top real estate teams in Orange County, I specialize in helping clients navigate the dynamic Newport Beach real estate and luxury homes market.
Orange County Real Estate Market Update: January 2025 and February Outlook
As we progress through 2025, the Orange County real estate market, particularly in Newport Beach and Costa Mesa, continues to exhibit dynamic trends, especially in the luxury homes sector. Here's an overview of the market's performance in January and what to anticipate in February.
January 2025 Market Performance
Newport Beach:
Median Sale Price: The median sale price of homes in Newport Beach was $3.9 million in January 2025, reflecting a 7.0% decrease compared to the same period last year.
Median Price per Square Foot: The median price per square foot increased by 1.6% year-over-year, reaching $1,480.
Days on Market: Homes in Newport Beach spent an average of 71 days on the market, indicating a somewhat competitive environment.
Costa Mesa:
Median Sale Price: Costa Mesa saw a 13.1% increase in median home prices, with the median sale price reaching $1.4 million in January 2025.
Median Price per Square Foot: The median price per square foot was $792, reflecting rising property values in the area.
Homes Sold: A total of 38 homes were sold in Costa Mesa in January, a slight decrease from 39 homes sold in the same month last year.
February 2025 Market Outlook
Looking ahead, several factors are expected to influence the Newport Beach real estate and luxury home markets:
Inventory Levels: There has been a moderate increase in housing inventory, with a 3.3% rise in homes for sale. Despite this uptick, the market remains a seller's market, suggesting that demand continues to outpace supply.
Interest Rates: Mortgage rates have shown signs of moderation, hovering around 6%. This stabilization could positively impact buyer affordability and encourage increased purchasing activity.
Buyer Demand: Elevated mortgage rates and higher inventory levels have contributed to a slower start in 2025. However, the market's resilience indicates potential for recovery as the year progresses.
The Outlook for February Remains Cautiously Optimistic
While January 2025 presented mixed results for the Newport Beach and Costa Mesa real estate markets, the outlook for February remains cautiously optimistic. Stabilizing interest rates and a slight increase in inventory may provide opportunities for both buyers and sellers. There are a lot of rumors from Presidents Trumps team that interest rates will come down soon. We will see what happens! Staying informed and working with experienced Orange County real estate professionals will be crucial in navigating these evolving market conditions.
For personalized insights on how these market conditions impact your home buying or selling plans, feel free to reach out. As Briana Harper with Hammond Moreno Associates, I am dedicated to guiding you through every step of your real estate journey in Orange County, specializing in luxury homes in Newport Beach and Costa Mesa. For a more detailed analysis of the Orange County real estate market, let's connect and discuss how these trends may affect your real estate goals.
Briana Harper
HAMMOND MORENO ASSOCIATES
Surterre Properties
