All About Newport Beach

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.

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

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 is one active listings, four in back up, four pending, and there have been six sales Newport Beach bank owned sales in December, 2011.

Listings are down -4 since November, 2011
Back Up is the same since November, 2011
Pending is the same since November, 2011
Solds are up +2 since November, 2011

There has been a total of 55 REO sales in Newport Beach in 2011, compared to 61 REO sales in 2010.

There is a low absorption rate  of the REO property as you can see on the graph. 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”.  Also, remember that the bank will want fair market value and go to great lengths to obtain that value, including obtaining several BPO (broker price opinions) and appraisals.

In my opinion, the absorption rate will remain low, as the inventory of the REO properties is so low.

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

This beautiful single family home located at 2620 Point del Mar in Corona del Mar has just been sold for $1,140,000. This home is located in the Village of Corona del Mar and is walking distance to shops and dining.

This beautiful Corona del Mar home features three bedrooms, two and a half bathrooms and a two car garage. This beautiful Corona del Mar home features granite counters and stainless appliances.

Corona del Mar is a highly sought after community, and many residents enjoy living in the Village so they can walk to dining and shopping.

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

Search the MlS for Corona del Mar homes for sale, and Corona del Mar real estate.

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

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Beautiful Northpark Condo for Lease in Irvine, CA

Overview Maps Photos Description Neighborhood Market Stats

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sharon paxson (949) 280-0681 spaxson@roadrunner.com http://newportbeachrealestatecafe.com         Listed by: Prudential California Realty

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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

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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

When you are in the process of interviewing and selecting Newport Beach Real Estate agents, an important consideration is if that agent utilizes electronic signatures on the real estate contracts and documents. As part of my practice as a Newport Beach Realtor, I utilize electronic signatures for all my Real Estate transactions, and I utilize a program called Docusign. I have been utilizing this program for several years now. Initially it was ideal for out of state clients, however now I utilize it with all my clients and they all appreciate the sophistication and ease it affords them.

Docusign is an amazing program which allows my clients to sign their documents and  contracts without ever having to print out a document, sign it, scan it, or fax it to return it. This improves the quality of the documents as well as they are not constantly being faxed over and over again reducing the quality of the document.

With the use of Docusign, a document can be signed electronically. Some of my clients have even signed right from their smart phone of iPad.

Once a document is signed by all parties, it is returned to the originator where it can be saved as a PDF and sent,

With the use of Docusign, it eliminates the following:

1. Printing (saves paper)
2. Signing (with ink)
3. Scanning or Faxing

And it is a green program, saving paper in the process because it is all done electronically. So my clients prefer that, and they really like the convenience of utilizing this program.

You may want to ask the Newport Beach Real estate agents you are interviewing if they utilize Docusign or some other method of electronic signature. With Real Estate transactions, time is of the essence, and it is imperative to get documents signed and back to the other party in a timely manner. Docusign helps facilitate this.

Real Estate in general is evolving with technology, and it is important to have a Newport Beach Real Estate agent who is utilizing all the tools that will assist you with the purchase or sale of your home. And it benefits you - as the buyer or seller to select an agent who utilizes Docusign.

If I can answer any questions about the use of Docusign, please contact me.

Originally posted at NewportBeachRealEstateCafe.com 

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.

[spatialmatch_map id=16 show_title=true width=100% height=600]

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 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