PRICEY: Nearly two-thirds of the folks in...
PRICEY: Nearly two-thirds of the folks in wealthy Newport Beach told census takers their homes were worth more than half a million dollars, above. But the days when home values jump 20% or more a year may be gone. Says Walter Hahn, a consultant at Kenneth Leventhal & Co. in Newport Beach: Houses here are so expensive now that there isn’t room for them to appreciate that fast anymore.
High-Priced Homes
Percent of residents who say their home is worth more than $500,000.
Newport Beach: 63.5%
Villa Park: 59.5%
Laguna Beach: 44.3%
Coto de Caza: 37.3%
Tustin Hills: 27.1%
Source: U.S. Census Bureau
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