All About Newport Beach

Big Canyon in Newport Beach has several different builder tracts. Whether you are considering a custom Newport Beach golf course home or a Newport Beach condo, Big Canyon is a highly sought after area.

The Big Canyon area in Newport Beach  is bordered by Ford Road, MacArthur, San Joaquin and Jamboree. Big Canyon is located on the Big Canyon golf course at the Big Canyon Country Club which is a members only club. The photo below is a photo of the clubhouse which was recently built.

There are many beautiful golf course homes which are located in Big Canyon.  Big Canyon in Newport Beach has beautiful custom homes located on the golf course in Big Canyon. Big Canyon in Newport Beach is walking distance to Fashion Island in Newport Beach which features upscale dining and shopping. Enjoy one of the many activities at Fashion Island in Newport Beach including the Fashion Island tree lighting ceremony which is an annual event which takes place in November of every year.

There are currently 25 active listings in Big Canyon in Newport Beach, four in back up, three in pending, and there was one sale in December, 2011.

The absorption rate is as follows. The rate is showing a stable market trending towards a seller's market in Big Canyon in Newport Beach.

Compared to last month, the sales were as follows:

Listings are down by -20 which is a huge number from December, 2010
Back Up is the same as November, 2011
Pending is down from last month -1 from November, 2011
Sold is up from last month +3 from November, 2011

In the past one year, of the 35 sales, there were nine distressed sales. They were all short sales with the exception of one which was an REO sale.

In my opinion, the trend will continue with regards to the stable market and trending towards the sellers market.

Find lifestyle information about Big Canyon in Newport Beach.

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Search the MLS for Big Canyon homes and condos for sale in Newport Beach, and Newport Beach real estate.

Originally posted at NewportBeachRealEstateCafe.com

Balboa Peninsula  is a beautiful area in Newport Beach 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.  The residents on the Balboa Peninsula live in this area for the lifestyle, as it is very easy to either walk to your destination, or to ride your bike to your Peninsula location. Enjoy 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, Chipotle, and some boutique shops at 32nd Street. Also there are many 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 68 active listings (including condos and single family homes) on the Balboa Peninsula in Newport Beach. That includes both condos and single family homes. Only one of the active listings is a short sale, all the others are standard sales. Since December 1, 2011 there have been 2 sales on the Balboa Peninsula in Newport Beach.

Of the active listings on the Balboa Peninsula, six of the active are condos, and one of the pending sales is also a condo. All the others properties for sale are single family homes. Additionally, of all the active, back up, pending and solds, only one is a short sale, all other are listed as standard sales.

68 Active listings compared to 72 in November, 2011 -4
1 Back up listing compared to 2 in November, 2011 +1
2 Pending sales compared to 1 in November, 2011 +1
2 Sales which is the same as November, 2011

It is a positive trend to see the listings down from November, however this can be cyclical due to the holiday season. The absorption rate remains high on Balboa Peninsula in Newport Beach, where one month is generally not a trend, however the rate to absorb the inventory at the rate the homes are selling is 22 months over the past one year.

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

Linda Isle in Newport Beach | Market Update | November, 2011

Linda Isle is a beautiful guard gated community located in Newport Beach. There is a guard gate, and a bridge to get onto the island. Linda Isle is shaped like a horse shoe and all the homes are designed to be bay front. Linda Isle in Newport Beach is a yacht's man dream location with bay front homes and incredible bay front views.

The architecture on Linda Isle in Newport Beach is varied, and the bay front homes are incredible.

Currently, there are 11 active listings on Linda Isle in Newport Beach, and there was one sale in November, 2011. All of the active listings are standard sales, with the exception which is owned by a relocation company.

One month is generally not a trend, however the absorption rate is fairly high over the past one year and it indicated it is a buyers market.

Search the MLS for homes for sale in Newport Beach, and homes for sale on Linda Isle in Newport Beach.

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 to your Peninsula location. Enjoy shopping and dining on the Balboa Peninsula in Newport Beach.

There is a brand new Pavilion’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 77 active listings on the Balboa Peninsula in Newport Beach. That includes both condos and single family homes. Only one of the active listings is a short sale, all the others are standard sales. Since November 1, 2011 there have been 2 sales on the Balboa Peninsula in Newport Beach.

Listings are up +5 since October, 2011
Back up are down -1 since October, 2011
Pending are the same since October, 2011
Sales are the same since October, 2011

The one month absorption rate shows 38.5 months. One month is not generally a trend, however, the Balboa Peninsula has been selling between two and five homes per month. Real estate is cyclical also, and the number of sales may be decreasing because of the holiday season.

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

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. Lido Island in Newport Beach is a highly sought after community.

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

Currently, there are 24 active listings on Lido Island in Newport Beach, one in back up (this is a short sale), and there were three sales during the month of November.

The only distressed property listed on Lido Island in Newport Beach is the short sale which is in back up status.

Listings are down -2 since October, 2011

Back Up Status is down -2 since October, 2011

Sold property is the same as October, 2011.

Sold property on Lido Island is up +2 from October, 2010.

Based upon the absorption rate, Lido Island in Newport Beach and the months of inventory,  is still a buyers market.

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

Originally posted at NewportBeachRealEstateCafe.com

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.

The Castaways has two active listings and there were two sales in November. One of the sales in November in the Castaways in Newport Beach was a short sale, the other was a standard sale.

Listings are the same as October, 2011
Sales are up +2 from October, 2011

Sales are up from October, 2010, as there was one sale in October, 2010. There is a low absorption rate, however the one short sale was on the market for 292 days. The Castaways in Newport Beach is a highly sought after community. In my opinion, the absorption rate will remain at the present rate because there is limited inventory which comes on the market.

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

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 November, there were two sales. Sales are up since November, 2010 where there was one sale.

Listings are down -1 since October, 2011

Sales are up +1 since October, 2011

In my opinion, the listings are down because of the holiday season, and sellers do not want to sell their home during the holiday season.

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

Originally posted at NewportBeachRealEstateCafe.com

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 four active listings, one in back up, nine pending, and there have been five sales Newport Beach bank owned sales in October, 2011.

Listings Down 2 from September, 2011

Back Up  Down 1 from September, 2011

Pending  Up +1 from September, 2011

Sold Down 1 from September, 2011

In general the number of Newport Beach REO properties sold has increased when comparing the number of sales for the year from September to October, 2011. The increase of sales by year is up by 11 properties and in my opinion the trend will most likely continue because of the number of active listings which are short sales is 45.

Posted at NewportBeachRealEstateCafe.com

Trovare in Newport Coast Market Update
March 1, 2010 – June 29, 2010

Trovare is a private gated community in Newport Coast and it is located off Vista Ridge. Trovare has approximately 168 condos, and there are six different floor plans. The square footage range in size from 1094 square feet to 1742 square feet.

Trovare in Newport Coast was built during the time period from from 1994 to 1996. Some of the homes have ocean views, and city lights view.  Trovare has a pool, spa, and fireplace for  gatherings with friends and family. There are private tennis courts for the use of the residents of Trovare.

Trovare is located in a gated community and does have a private pool and spa area for the residents of Trovare.

 Currently, there are three active listings in Trovare in Newport Coast:

4 Padua Court, Newport Coast, CA – offered at $595,000

8 Roma Court, Newport Coast, CA – offered at $710,000

17 Merano Court, Newport Coast, CA – offered at $769,000

There are two in back up status ranging in price from $609,000 to $679,000.

There has been three sales since March 1, 2010. The recent solds in Trovare range in price from $500,000 to $740,000.

If I can answer any questions about Trovare in Newport Coast, or any property in the Newport Coast area, please contact me:

Phone or Text: 949.280.0681

Email Me

Information taken from SoCalMLS deemed accurate but not guaranteed. This information is time sensitive.

Originally posted at NewportBeachRealEstateCafe.com

China Cove Market Update October 1, 2009 to May 12, 2010

China Cove is located in Corona del Mar. Many of the homes in China Cove are bay front of Newport Harbor. China Cove in Corona del Mar has approximately 37 homes that are located with panoramic views of Newport Harbor and Catalina Island. China Cove residents enjoy activity in Newport Harbor, as well as the beach. China Cove is an exclusive area, that is below Ocean Boulevard, near The Village in Corona del Mar. 

Presently, there are four active listings in China Cove.

2615 Way Lane- Corona del Mar, CA – Priced at $2,440,000

2623 Cove Street - Corona del Mar, CA – Priced at $4,995,000

2717 Shell Street- Corona del Mar, CA – Priced at $6,700,000

2619-2623 Cove Street – Corona del Mar, CA – Priced at $8,500,000

There has been one sale at 2733 Shell Street, and it sold for $1,920,000 in December, 2009.

If I can answer any questions about China Cove in Corona del Mar, or homes for sale in Corona del Mar or Newport Beach,  please contact me.

Phone or Text: 949.280.0681

Email: Spaxson@roadrunner.com

Originally posted at NewportBeachRealEstateCafe.com