All About Newport Beach

The Newport Beach real estate market has both foreclosures, and short sales for sale . The definition of a short sale is when a bank or lien holder lender agrees to accept a discounted payoff on a loan balance as a result of  either economic or a financial hardship on the part of the mortgagor.

There are more short sales for sale in the Newport Beach area than foreclosures. In November, there is one active REO listing in Newport Beach.  That is down from November, when there five listings. The short sale market in the Newport Beach area has many consideration. There are both back up and pending status, and some of these short sales may not get approved by the lenders. If that is the case, then the property may go back to the bank.

The bank also wants fair market value for the property and will go great lengths in order to obtain information. A bank may request more than one BPO (broker price opinion) and obtain independent appraisals.

In Newport Beach, there are currently 47 active listings, 33 in back up, 14 pending, and there have been two sales during the month of the December, 2011.

Listings are up +2 since November, 2011
Back Up is up +5 since November, 2011
Pending sales are up +10 since November, 2011
Sales are down -2 since November, 2011

The absorption rate is for one month is generally not a trend, as it shows a fairly high absorption rate.

In general, the inventory of short sales is up from prior month, and for the year there were 124 short sales sold in comparison to 2010 when 100. In my opinion, the absorption rate will remain a stable to a buyer's market. Buyers in general perceive short sales as the best "deals" out there. However, as I stated above, banks want fair market value for the property.

If I can answer any questions about short sales in Newport Beach, please contact me.

Search the MLS for homes for sale in Newport Beach that are short sales, and short sales in Newport Beach.

Originally posted at NewportBeachRealEstateCafe.com

Lido Island Homes for Sale in Newport Beach | Market Report December 2011

Lido Island in Newport Beach is a beautiful community of homes in Newport Beach which is actually an island. There is a bridge going to Lido Island, or Lido Isle as it is also referred to as. Lido Island has bay front homes and many of these homes have slips available for their yachts.

Lido Island has community tennis courts for the exclusive use of the Lido Island residents, and also has the Lido Island Yacht Club, and there is sailing for the children during the summer months.

Currently, there are 21 active listings on Lido Island in Newport Beach, three in back up (one is a short sale), and there were two sales during the month of December. The only distressed property listed on Lido Island in Newport Beach is the short sale which is in back up status.

Listings are down -3 from November, 2011
Back up is up +2 from November, 2011
Solds are are down -1 from November, 2011

There were 29 sales during 2011 in Lido Island in Newport Beach. Of all the sales in 2011, only two were distressed sales, and one was a short sale and the other was an REO or bank owned property.

There is an approximate absorption rate of 7 months which indicates a stable market. The listings have declined in the past month which may be a result of the end of the holiday season also. In my opinion, the market will trend towards a sellers market with a declining inventory.

Search the MLS for Newport Beach homes for sale on Lido Island, and Lido Island Homes for sale in Newport Beach.

Showing properties 1 - 25 of 25. See more Lido Island Homes for Sale. 
(all data current as of 1/27/2012)

1. $2,495,000 : 111 Via Yella, Newport Beach
   
   3 beds, 3 full, 1 part baths

   Lot size: 2,640 sq ft

   Year built: 2008

   Parking spots: 4

   Days on market: 10
    
2. $1,299,000 : 105 Via Ravenna, Newport Beach
   
   4 beds, 3 full baths

   Home size: 2,094 sq ft

   Lot size: 2,640 sq ft

   Year built: 1952

   Parking spots: 4

   Days on market: 17
    
3. $2,875,000 : 131 Via Undine, Newport Beach
   
   4 beds, 3 full baths

   Home size: 2,581 sq ft

   Lot size: 4,576 sq ft

   Year built: 1951

   Parking spots: 4

   Days on market: 19
    
4. $1,395,000 : 215 Via Dijon, Newport Beach
   
   3 beds, 1 full, 1 part baths

   Home size: 1,135 sq ft

   Lot size: 2,640 sq ft

   Year built: 1946

   Parking spots: 4

   Days on market: 22
    
5. $1,499,000 : 111 Via Quito, Newport Beach
   
   3 beds, 3 full, 1 part baths

   Home size: 1,811 sq ft

   Lot size: 2,640 sq ft

   Year built: 1958

   Parking spots: 4

   Days on market: 32
    
6. $1,695,000 : 135 Via Yella, Newport Beach
   
   3 beds, 2 full, 1 part baths

   Home size: 2,240 sq ft

   Lot size: 4,620 sq ft

   Year built: 1962

   Parking spots: 6

   Days on market: 66
    
7. $4,595,000 : 220 Via Lido Nord, Newport Beach
   
   5 beds, 5 full, 1 part baths

   Home size: 3,158 sq ft

   Lot size: 2,935 sq ft

   Year built: 1971

   Parking spots: 4

   Days on market: 86
    
8. $1,449,000 : 217 Via Ithaca, Newport Beach
   
   4 beds, 3 full baths

   Home size: 1,991 sq ft

   Lot size: 3,080 sq ft

   Year built: 1954

   Parking spots: 4

   Days on market: 93
    
9. $2,895,000 : 120 Via Trieste, Newport Beach
   
   5 beds, 5 full baths

   Home size: 3,799 sq ft

   Lot size: 3,960 sq ft

   Year built: 1950

   Parking spots: 4

   Days on market: 93
    
10. $3,595,000 : 235 VIA FIRENZE, Newport Beach
    
    4 beds, 2 full, 3 part baths

    Home size: 3,631 sq ft

    Lot size: 4,050 sq ft

    Year built: 2009

    Parking spots: 4

    Days on market: 93
     
11. $5,295,000 : 111 Via Lido Soud, Newport Beach
    
    4 beds, 4 full, 1 part baths

    Home size: 4,200 sq ft

    Lot size: 4,882 sq ft

    Year built: 1941

    Parking spots: 6

    Days on market: 110
     
12. $1,495,000 : 109 Via Koron, Newport Beach
    
    3 beds, 2 full, 1 part baths

    Home size: 1,750 sq ft

    Lot size: 2,640 sq ft

    Year built: 1936

    Parking spots: 4

    Days on market: 116
     
13. $2,295,000 : 148 Via Waziers, Newport Beach
    
    3 beds, 2 full, 1 part baths

    Home size: 2,428 sq ft

    Lot size: 3,960 sq ft

    Year built: 1946

    Parking spots: 4

    Days on market: 121
     
14. $1,595,000 : 124 Via Lorca, Newport Beach
    
    4 beds, 3 full baths

    Home size: 2,676 sq ft

    Lot size: 2,904 sq ft

    Year built: 1968

    Parking spots: 4

    Days on market: 144
     
15. $2,395,000 : 137 Via Venezia, Newport Beach
    
    4 beds, 4 full, 1 part baths

    Home size: 3,200 sq ft

    Lot size: 4,620 sq ft

    Year built: 1949

    Parking spots: 6

    Days on market: 152
     
16. $3,995,000 : 110 Via Trieste, Newport Beach
    
    4 beds, 4 full, 2 part baths

    Home size: 5,000 sq ft

    Lot size: 6,160 sq ft

    Year built: 1937

    Parking spots: 6

    Days on market: 170
     
17. $3,895,000 : 331 Via Lido Soud, Newport Beach
    
    3 beds, 1 full, 2 part baths

    Home size: 1,853 sq ft

    Lot size: 3,600 sq ft

    Year built: 1953

    Parking spots: 4

    Days on market: 172
     
18. $7,495,000 : 844 Via Lido Nord, Newport Beach
    
    3 beds, 4 full, 2 part baths

    Home size: 3,857 sq ft

    Lot size: 3,600 sq ft

    Year built: 2001

    Parking spots: 4

    Days on market: 179
     
19. $2,150,000 : MLS # U11002934 in Newport Beach
    
    3 beds, 3 full baths

    Home size: 2,838 sq ft

    Lot size: 3,525 sq ft

    Year built: 1939

    Parking spots: 2

    Days on market: 204
     
20. $7,800,000 : 3336 Via Lido, Newport Beach
    
    2 beds, 3 full, 1 part baths

    Home size: 2,812 sq ft

    Year built: 2002

    Parking spots: 4

    Days on market: 215
     
21. $2,275,000 : 205 Via San Remo, Newport Beach
    
    4 beds, 1 full, 3 part baths

    Home size: 2,855 sq ft

    Lot size: 3,960 sq ft

    Year built: 1945

    Parking spots: 4

    Days on market: 217
     
22. $1,795,000 : 225 Via San Remo, Newport Beach
    
    3 beds, 4 full baths

    Home size: 2,500 sq ft

    Lot size: 2,640 sq ft

    Year built: 1995

    Parking spots: 4

    Days on market: 255
     
23. $2,499,000 : 916 Via Lido Soud, Newport Beach
    
    4 beds, 3 full baths

    Home size: 3,900 sq ft

    Lot size: 7,020 sq ft

    Year built: 1953

    Parking spots: 4

    Days on market: 307
     
24. $2,575,000 : 226 Via San Remo, Newport Beach
    
    3 beds, 4 full baths

    Year built: 2001

    Parking spots: 6

    Days on market: 360
     
25. $17,900,000 : 901 Via Lido Soud, Newport Beach
    
    5 beds, 5 full, 1 part baths

    Year built: 1984

    Parking spots: 8

    Days on market: 508
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Read more: http://newportbeachrealestatecafe.com/2012/01/27/lido-island-market-report-newport-beach-homes-for-sale/#ixzz1kijIo5tJ

Granville is a guard gated golf course community in Newport Beach right on the Newport Beach Country Club golf course.  The Newport Beach Country Club is a private country club, and has a beautiful golf course. The community of Granville is located right along the golf course, and there are both upper and lower units. The upper units features sweeping golf course views, and do have partial ocean view as well. The lower units actually open onto the golf course. Granville in Newport Beach is a community of approximately 67 homes.

Granville in Newport Beach is also walking distance to tennis courts in Newport Beach as well. Granville is also walking distance to upscale dining at Fashion Island in Newport Beach.

Currently, there are two active listings in Granville in Newport Beach. All of the active listings are standard sales. The last sale in Granville in Newport Beach was in December, 2011. There were a total of two sales in 2011, and both sales were standard sales. In my opinion, the inventory will remain low, and the value of Granville seems to holding it's own. I believe the low inventory and sales will continue because that area has so few homes.

Search the MLS for Granville condos for sale in Newport Beach, and Newport Beach Real Estate.

Search the MLS for Granville homes for sale, and Newport Beach Real Estate.

For the most-up-to-date information in Newport Beach, we urge you to contact us.  We can assist you with all aspects of buying or selling real property in this and other neighborhoods and communities in Newport Beach.  Also ask to be placed on an instant notification system when any new Newport Beach MLS listings come on the market or price reductions in the Newport Beach area are posted.

Search Condos for Sale in Granville in Newport Beach by Map

Return to the Newport Beach Real Estate Home Page

If you are not able to find the home you are looking for, please fill out the online form below so that we can assist you with your home search.

Information on this page is based on information on real estate for sale in Newport Beach area per the CRMLS and is deemed reliable but, not guaranteed.

Originally posted at NewportBeachRealEstateCafe.com

Balboa Island in Newport Beach is a man made set of three islands in Newport Beach and they include the main island, the little island and Collins Island. Collins Island in Newport Beach is a gated community and has only 8 homes located on it. The homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly sought after area of Newport Beach.

Are you looking to visit Balboa Island in Newport Beach, then you can take the Balboa Island Ferry which makes a very short passage from the Balboa Peninsula in Newport Beach. It is about a 3 or 4 minute trip, but well worth it. The ferry transports three autos, bicycles, and pedestrians. The beauty if living on Balboa Island is enjoying the bay life style and a quick trip over to the Balboa Peninsula takes you to the sandy beaches and waves.

Currently, there are 15 active listings, 1 is in back up,  2 are pending and there were three sales in the month of December, 2011. The sales have increased from the prior month.

 Listings are down -7 from November, 2011

Back up is down from November, 2011
Pending is down -1 from November, 2011
Sold is up +3 from November, 2011

Of the 42 sold homes in the past one year, there were seven distressed sales - six were short sales, and one was a bank owned or REO property. In general, Balboa Island is showing a stable to a seller's market with the absorption rate.

In my opinion, the stable market will continue and we may see a positive trend towards a seller's market with the declining inventory and the increase in sales.

Search the MLS for Balboa Island homes for sale, and Balboa Island real estate.

Originally posted at NewportBeachRealEstateCafe.com

Newport Shores in Newport Beach is a great beach community of approximately 440 homes located on the west side of Newport Beach.  In Newport Shores, there are both single family homes and there are condos, and duplexes as well.

The community of Newport Shores has a community pool, clubhouse, tennis court, sand volley ball court and basketball court for the residents of Newport Shores in Newport Beach. Currently, there are 5 active listings in Newport Shores in Newport Beach, and there is one other active listing which is not in the MLS at 233 Canal Street being offered at $1,400,000. 

In December, 2011, there were no sales, and only one back up property. All of the active properties are standard or equity sales, and the back up property is also a standard sale.

Listings are the same since November

Sales are down from November -2

Market absorption is still considered a buyers market in Newport Shores in Newport Beach.

The following graph represents the number of units sold by year since 2002 with the average median price by year. In 2011, in Newport Shores, a total of 14 homes were sold.  That is up from 2010 by four. Of the 14 homes sold in Newport Shores, six were distressed sales. That is up by two from 2010 where there were four distressed sales of a total of 10 sold.

However, in 2011, the median price increased as you can see in the graph below. The median price is ver

y close to 2004 pricing.

Based upon market trends, and the fact that there is such limited inventory for sale in Newport Shores, I believe that the market will remain a seller's market. And because there continue to be standard or equity sales which is currently the majority of listings. Search the MLS for Newport Shores homes for sale, and Newport Beach Real Estate.

Cameo Shores in Corona del Mar is a beautiful community of homes located in Corona del Mar. Cameo Shores in Corona del Mar is located on the ocean side of Coast Highway, and there are approximately 170 homes sites in this location.  This Corona del Mar  neighborhood was designed to be terraced so that all the homes maintain their spectacular ocean views (with the exception of the uppermost street which does not have ocean views). And also for the home owners in Cameo Highlands in Corona del Mar to have ocean views as well.

Cameo Shores and Cameo Highlands in Corona del Mar have access to beautiful private beaches. There are some incredible views at these beaches in Cameo shores.

Cameo Shores in Corona del Mar currently has four active listings. The last recorded sale in Cameo Shores in Corona del Mar was in June, 2011.

Listings are down -1 from October, 2011

 A trend for months of absorption rate cannot be established until the six month trend as there have been no sales within the past four months on Cameo Shores.

Search the MLS for homes for sale in Cameo Shores in Corona del Mar, CA and Corona del Mar real estate.

Balboa Island in Newport Beach is a man made set of three islands in Newport Beach and they include the main island, the little island and Collins Island. Collins Island in Newport Beach is a gated community and has only 8 homes located on it. The homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly sought after area of Newport Beach.

There are two ways to arrive on Balboa Island in Newport Beach, one is on the Balboa Island Ferry which makes a very short passage from the Balboa Peninsula in Newport Beach. It is about a 3 or 4 minute trip, but well worth it. The ferry transports three autos, bicycles, and pedestrians. The beauty if living on Balboa Island is enjoying the bay life style and a quick trip over to the Balboa Peninsula takes you to the sandy beaches and waves.

There is a boardwalk around Balboa Island, and you will see people beginning their day by walking, jogging, or walking their dog around both the main island and the little island of Balboa Island in Newport Beach.

Currently, there are 22 active listings, 2 are in back up, (one of the properties in back up is a short sale), 3 are pending and three was one sale in the month of November, 2011. The sales have dropped from prior months of approximately four sales per month.

Listings are down -2 from October, 2011
Back up  sales are the same from October, 2011
Pending sales are the same from October, 2011
Solds are down -3 from October, 2011

Because there was only one sale last month, the absorption rate increased from approximately five months which is a stable market to a buyers market with 11 months of inventory. In my opinion, this may be cyclical because of the holiday season. When compared to last November, 2010 - sales are down -1, as there were two sales in November, of 2010.

Search the MLS for Newport Beach homes for sale on Balboa Island, and Balboa Island homes for sale in Newport Beach.

Originally posted at NewportBeachRealEstateCafe.com

Balboa Peninsula in Newport Beach  is a beautiful area with bay front as well as ocean front homes. There are both Newport Beach condos for sale, and  Newport Beach single family homes as well. The Balboa Peninsula in Newport Beach is a great place a highly sought after area to reside in Newport Beach.  People live in this area for the lifestyle, as it is very easy to either walk to your destination, or to ride your bike. There is shopping and dining on the Balboa Peninsula in Newport Beach.

There is a brand new Pavillion's grocery store at 32nd Street, in Newport Beach, and several fantastic restaurants including El Ranchito, and Ho Sum Bistro just to name a few. If you are looking for more upscale dining, then you might consider Ocean Front 21 located by the Newport Beach Pier.

The Balboa Peninsula is home to the Pavillion in Newport Beach.

Currently, there are 70 active listings on the Balboa Peninsula in Newport Beach. That includes both condos and single family homes. 57 of those active listings are single family homes, and 13 are condos which are available for sale. They are all standard sales. Since July 1, 2011 there have been 15 sales on the Balboa Peninsula in Newport Beach.

The market absorption on the Balboa Peninsula is currently at 11.7 months.

There are similar priced condos and single family homes. Even though there are less condos for sale, they still compete with the similar size single family homes. Additionally, all these properties are standard sales.

Search the MLS for homes for sale on Balboa Peninsula in Newport Beach.

Originally posted at NewportBeachrealestatecafe.com

Welcome Home to Altezza in Newport Coast

This tuscan style community in Newport Coast was built by Taylor Woodrow Homes in 1996.  Altezza in Newport Coast is a gated community and has approximately 110 condos.

There are  five different floor plans and the square footage ranges from approximately 1610 to 2735 square feet.  The condos either have two or three car garages, and the condos have three bedrooms.

There is a beautiful entry at the gate with a gorgeous water feature.

Altezza is situation up on the hill, and many of the properties feature ocean views, Catalina Island views, and mountain and city light views.

This beautiful gated community is located adjacent to Trovare in Newport Coast.

Currently, there are two active listings in Altezza iranging in price from $1,190,000 to $1,525,000. There have been two sales since October 1, 2010 at $990,000 and $1,265,500.

For more detailed information on the properties for sale, please search here.

If I can answer any questions regarding property for sale in Altezza in Newport Coast, please contact me.

Cameo Shores in Corona del Mar – Market Update

January 1, 2010 to December 10, 2010

Cameo Shores in Corona del Mar is a beautiful community of homes which is located in Corona del Mar. Cameo Shores is located on the ocean side of Coast Highway, and has approximately 170 home sites. The neighborhood was designed to be terraced.

Cameo Shores in Corona del Mar is home to the Portabello in Corona del Mar which is an incredible home which recently sold for $34,119,500 (per tax records). The Portabello is a spectacular home built on 3 lots with unobstructed ocean views. This home was built in the early 2000's.

Cameo Shores in Corona del Mar is in the zip code of 92625. The residents have access to the private beaches in Cameo Shores. And these beaches are incredibly stunning. 

There are only three properties for sale in Cameo Shores in Corona del Mar, 92625. These homes range in price from $4,699,000 to $8,795,000. There have been three sales from $2,300,000 to $2,825,000 since January 1, 2010.

If you would like more information about the properties for sale in Cameo Shores in Corona del Mar, please utilize the map below.

If I can answer any question about Corona del Mar luxury homes, or Cameo Shores homes in Corona del Mar, please contact me.