All About Newport Beach

Homes for Sale on Balboa Island in Newport Beach | Balboa Island Homes for Sale

Balboa Island in Newport Beach is actually a 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, and these homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly sought after area of Newport Beach. Balboa Island is a unique area of Newport Beach with close proximity to Fashion Island in Newport Beach, and take the ferry across to the Balboa Peninsula to visit the beach, and the Wedge.

Currently, there are 21 active listings, 4 in back up status (one is a short sale), 3 in pending status, and there were 3 sales in March, 2012.

Closed sales for past year has an average sales price of $2,222,710.00 and a price per square foot of $750.38.

Average sales price for sales in the past month was $1,754,166 with a price per square foot of $950.10.

Listings are up  +1 from February, 2012
Back Up is down -2 from February, 2012
Pending sales are the same from February, 2012
Sales are the same from February, 2012

Past months market reports below.

February, 2012 Market Report
January, 2012 Market Report
December, 2011 Market Report

In general, Balboa Island is showing a stable market with the absorption rate, with an average of seven months of inventory .

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

Originally posted at NewportBeachRealEstateCafe.com

Searching for a Newport Beach bank owned property?

Newport Beach REO home buyers usually face the challenge of competing with multiple offers on the properties. Also, Newport Beach REO home buyers are competing with cash buyers as well.

Newport Beach currently has an inventory of REO or bank owned homes. Currently there are five active listings, two back up, five in pending status, and two sales for the month of March, 2012.

Comparison from prior month is below.

Listings are up +1 since February, 2012
Back Up is  down -1 from February, 2012
Pending is up +1 from February, 2012
Sold properties are down -2 from February, 2012

There is a low absorption rate  of the REO property  of approximately one month. The one month trend shows 2.5 months but one month generally does not establish a trend. These properties move quickly as buyer’s perceive them as the best deal. Keep in mind when buying an REO property – they are purchased “as is”.  Keep in mind banks will want fair market value and go to great lengths to obtain that value, including obtaining several BPO (broker price opinions) and appraisals.

Search the MLS for Newport Beach REO property, and Newport Beach homes for sale.

Originally posted at NewportBeachRealEstateCafe.com

Westcliff in Newport Beach is located in the Upper Newport Bay area.  Westcliff has been a highly sought after area in Newport Beach to reside. There are many residents who choose to live in this area because of the close proximity to Mariner's Elementary School. Westcliff is in an ideal location and is within walking distance to the Castaways biking trail, the Back Bay area, Newport Acquatic center (NAC), Mariners Park coveted Mariners Elementary School, and the Newport Beach public library. Also located within very close proximity to 17th Street for shopping and dining, Westcliff is a beautiful area.

There are several different tracts in the Westcliff area in Newport Beach.

Currently, there are 4 active listings (1 short sale), 4 in back up status (3 short sales), and 1 in pending status which is a standard sale. The last recorded sale in Westcliff in Newport Beach was in December, 2011.

There are been 14 sales in the past year, with two distressed sales - one short sale, and one REO. The average sales price in Westcliff over the past year is $1,182,392 and $493.82 price per square foot.

There is a low absorption rate for short sales in Newport Beach. One month does not signify a trend.
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Search the MLS for real estate in Westcliff, and Newport Beach homes for sale.

Originally posted at NewportBeachRealEstateCafe.com

Homes for Sale in Seaview in Newport Beach | Real Estate for Sale in Newport Beach

Sea View in Newport Beach is a guard gated community located in Newport Beach. Seaview is located in the Eastbluff area of Newport Beach. There are 199 homes in Seaview in Newport Beach, which were originally built in 1976. There are five floor plans in the Seaview original development, however many of the homes have been upgraded and remodeled. The original floor plans range in size from 1872 to 2718 square feet. There are both three and four bedroom homes. These Newport Beach homes are single level, so that the view homes are able to maintain their ocean and Catalina Island view.

Currently in Seaview in Newport Beach there are five active listings, one in back up and one in pending. There were no sales the month of February, 2012. All of the listings in Seaview in Newport Beach are standard sale.

The last recorded sale in Seaview in Newport Beach was in September, 2011. There was a total of four sales in the past one year in sale view with an average sales price of  $1,397,500 and a price per square foot of $496.98. The four sales over the past year were all standard sales.

Search the MLS for homes for sale in Newport Beach in Seaview, and Newport Beach homes for sale in Seaview.

Search Seaview Homes in NewportR Beach for Sale by Map

Originally posted at NewportBeachRealEstateCafe.com

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 Newport Beach country club 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.

Currently, there are two active listings in Granville in Newport Beach which are standard sales. The most recent 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. 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

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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

This has been an incredible January with home sales improving in the Newport Beach real estate market.  Homes are definitely selling, and we are seeing multiple offers on homes. Buyers are showing confidence with this recent surge of activity. This is fantastic for our Newport Beach home sellers.

In January, 2012, there were a total of 82 homes which went into back up status, 30 changed to pending, and there were 50 sales.

Of the Newport Beach homes referenced above, 39 were distressed (indicating either a short sale, foreclosure, or NOD), 18 were pending, and 15 closed escrow. With respect to the January, 2012 sales in Newport Beach,  30% of the closed listings in Newport Beach were distressed sales.

If I can answer any questions about the market in Newport Beach, please contact me.

Search the MLS for Newport Beach homes for sale.

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 72 active listings on the Balboa Peninsula in Newport Beach. That includes both condos and single family homes. They are all standard sales. Since October 1, 2011 there have been 2 sales on the Balboa Peninsula in Newport Beach. Active Listings on the Balboa Peninsula are up +2 from September, 2011 Sold Listings on the Balboa Peninsula are down -4 from September, 2011

There is currently a market absorption rateof 14.4 months - which means if no other new properties are added, then it will take 14.4 months to sell the existing inventory at the current rate.

The inventory of homes has increased on the Balboa Peninsula in Newport Beach, and the sales have decreased.

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

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We can assist buyers in all forms of Newport Beach relocation needs including new construction houses, condos, for sale by owner homes, residential lots, lofts, and new homes in various subdivisions across the Newport Beach area. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you.  If you’re searching for Newport Beach, CA foreclosures, then we invite you to view the listings in this or any of the Newport Beach popular communities on our site. Search the MLS by zip code in Orange County, CA.  And if you’re searching for condos for sale in the Newport Beach, feel free to browse our updated listings of Newport Beach condos for sale on our site.

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

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. There are also spectacular interior homes which are located on the stradas. Many of these interior homes have Newport Harbor views as well. Lido Island also has tennis courts for the exclusive use of the residents.

Lido Island in Newport Beach currently has 26 active listings, three in back up status, one in pending and three sales in the month of October. 2011. Only one property is a short sale and it is in back up status, all the other properties. I do not believe that there will be a huge increase in distressed property sales including REO and short sales based upon past trends in the past few months. Buyers are taking advantage of the softened market, and the interest rates.

Listings are down -2 in the month of September, 2011
Sold Listings are up +2 in September, 2011

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

Originally posted at NewportBeachrealestatecafe.com

The Castaways in Newport Beach is a guard gated community.  These Newport Beach homes were originally built in 1997 and 1998 by Taylor Woodrow.

The Castaways homes for sale in Newport Beach is bordered by Dover Drive and some of these Newport Beach homes overlook the back bay and have ocean views and Newport Harbor views.

The Castaways homes in Newport Beach have Cape Cod Style design and architecture. Many of these Newport Beach homes for sale do have three car garages.  The school district for the residents of the Castaways is Newport Mesa Unified School disrict, and the specific schools are: Mariners Elementary School (which is a highly sought after school), Ensign Middle School and Newport Harbor High School. Both Ensign Middle School and Newport Harbor High School are very close proximity to the Castaways in Newport Beach.

There are currently 2 active listings, and 2 in back up status, and there has been one sale in September, 2011. One of the properties in back up status is a short sale. There were no sales in August 2011so the sales are up +1 in the month of September. The sale was standard sale.

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

1. $1,829,000 : 22 Cape Andover, Newport Beach
   
   3 beds, 2 full, 1 part baths

   Home size: 3,400 sq ft

   Lot size: 8,208 sq ft

   Year built: 1995

   Parking spots: 6

   Days on market: 28
    
2. $1,850,000 : 12 Cape Woodbury, Newport Beach
   
   4 beds, 4 full, 1 part baths

   Home size: 3,883 sq ft

   Lot size: 6,806 sq ft

   Year built: 1998

   Parking spots: 8

   Days on market: 76
    
3. $1,360,000 : 14 Cape Danbury, Newport Beach
   
   3 beds, 2 full, 1 part baths

   Home size: 3,077 sq ft

   Lot size: 7,025 sq ft

   Year built: 1997

   Parking spots: 6

   Days on market: 314
    

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

Other Newport Beach, CA Neighborhoods

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.

Return to the Newport Beach Real Estate Home Page

We can assist buyers in all forms of Newport Beach relocation needs including new construction houses, condos, for sale by owner homes, residential lots, lofts, and new homes in various subdivisions across the Newport Beach area. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you.  If you’re searching for Newport Beach, CA foreclosures, then we invite you to view the listings in this or any of the Newport Beach popular communities on our site.  Search the MLS for homes for sale in Orange County by zip code. And if you’re searching for condos for sale in the Newport Beach, feel free to browse our updated listings of Newport Beach condos for sale on our site. Information on this page is based on information on single family homes for sale in the Newport Beach area per the CRMLS and is deemed reliable but, not guaranteed.

Originally posted at NewportBeachRealEstateCafe.com