There’s no price like home

Beverly Hills, Pacific Palisades, Laguna Beach and Malibu: Newport

Beach is in good company on the list of the top five cities for

median home prices.

So why do Greenlighters make it sound as though Newport Beach is

on its way to becoming the next Inglewood?

According to a regional real estate trade group, the median home

price in Newport Beach jumped $34.4% in October compared to last

year. To put it in six digits, the average price went up $215,000.

That’ll buy a lot of gumballs.

Even neighboring Costa Mesa’s numbers increased 27.6%, or about

$85,000.

Something must be going right in Newport Beach.

Instead of worrying about paradise lost, perhaps Greenlighters

should grab some lawn chairs, kick back and watch their investment

gardens grow. The seeds were planted long ago. Just hold the water.