Is a Port Streets Home Priced Fairly When Everything Around It Has Reduced?
Compare the asking price to what’s actually closing, not to other listings. In the Port Streets (Harbor View Homes, Newport Beach), homes have sold for an average of $1,807 a square foot in 2026. Active listings are asking a median of $1,940, about 7% higher. That gap is why all five homes on the market today have reduced.
What’s on the market
The median asking price is $8.2 million. Two of the five are relists, at 161 and 243 total days on market. The median listing has been up for 119 days.
What sold in the last 60 days
Three homes closed, and all three reduced before they sold.
1998 Port Edward Circle: $6,495,000 on 5,435 square feet, or $1,195 a foot after 69 days. It closed October 9, the lowest per-foot sale of the year.
1753 Port Manleigh: $6,468,000 on 4,240 square feet, or $1,525 a foot after 37 days.
1844 Newport Hills Drive East: $4,450,000 on 1,714 square feet, or $2,596 a foot after 10 days.
The spread runs from $1,195 to $2,596 a foot, and size explains most of it. In the Port Streets, smaller homes sell higher per foot, because the lot and location carry a fixed value no matter how big the house is.
The bigger picture
2024: 37 closings, $1,451 per square foot
2025: 35 closings, $1,695 per square foot (up 16.8%)
2026 so far: 29 closings, $1,807 per square foot (up 6.6%)
Values are still rising. What’s adjusting is list prices. 18 of this year’s 29 sales reduced before closing, and six sold above list.
Quick answers
Are Port Streets home values falling?
No. Price per square foot is up 6.6% in 2026 over 2025. Asking prices are coming down to meet closed values.
How much do Port Streets homes sell below list?
It varies by home. 18 of 29 sales this year reduced before closing, and six sold above list.
How long do Port Streets homes take to sell?
The three most recent sales took 10, 37 and 69 days. Homes priced near the closed pace sell fastest.
The full numbers, including every recent sale plotted by price per foot, are on the Port Streets market page. I update them monthly.
David Roberts · Berkshire Hathaway HomeServices California Properties · DRE #02052139 · (949) 307-0215