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Lido Island Market Update, November, 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. 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.

 

Lido island market report

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

Lido Island absorption rate

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

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7 comments • Sharon Paxson Newport Beach Real Estate • December 08 2011 12:30PM

Comments

It seems to be clicking along very nicely in Lido area.  Have a good night.

Posted by Kim Sellers Lake Arrowhead Realtor DRE#01412099 (Lake Arrowhead, CA Coldwell Banker) 6 months ago

So many different price choices on Lido Island Sharon!  LOVE this place even though I haven't been there!

Posted by Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com (BrokerThe Force Realty-REALTOR-Estate-Probate-REO-Short Sale) 6 months ago

Lido Island seems to be going along steadily, Sharon.  It is such a lovely place too.  

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) 6 months ago

Sharon - Another good local market report.  Based on your absorption rates, it looks like your market is close to being stable, which has to be good news for both buyers and sellers.  Nicely done!

Posted by Laura Allen, Lake Tahoe Homes, Property for Sale. www.TahoeLauraLuxuryHomes.com (Coldwell Banker, Tahoe City, CA (530) 414-1260) 6 months ago

Hi Kim - yes - the inventory is moving - although and it i consistent sales each month.

Hi Renee - Lido is highly sought after, and I love it there, and now prices have come down where more can afford it.

Hi Jane - yes - Lido is beautiful

Posted by Sharon Paxson Newport Beach Real Estate (Prudential California Realty, DRE License 01501912) 6 months ago

HI Laura - yes it is close to being stable, and it is consistently selling homes each month.

Posted by Sharon Paxson Newport Beach Real Estate (Prudential California Realty, DRE License 01501912) 6 months ago

Sharon, Nice Market update!  I enjoy reading them, you really do live in a beautiful area!

Posted by Tony Cannon, e-PRO & Darcy Cannon, SFR - The C Team (RE/Max Velocity Realty) 6 months ago

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