AUGUST LUXURY MARKET UPDATE – COASTAL SOCAL By Varinder Kumar VKREA Luxury Real Estate The average home price across Newport Beach, Newport Coast, Laguna Beach & Corona Del Mar holds firm at $3.95M Mortgage rates still around 6.5% – but the Fed is likely to cut rates in September. ✅ Lower rates = more buyers ✅ More buyers = more competition ✅ More competition = potentially higher prices ⚠️ If you’re thinking of buying, now may be your window to act before the floodgates open. A rate drop could price many buyers out of the market. 🧠 Smart strategy? Get with your real estate agent now, get pre-approved, and start identifying opportunities before Q4 heats up. 📈 DOM is holding steady at 47 days and price per sq. ft. at $1,700, signaling a healthy, active market with strong fundamentals. 📍 For the full market report, visit vkrealuxury.com #NewportBeachHomes #LuxuryMarketUpdate #SouthernCaliforniaRealEstate #VKREALuxury #LagunaBeachHomes #CoronaDelMarRealEstate #MortgageRates #H...