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Newport Beach, CA Real Estate News

By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Big Canyon Homes for Sale | Big Canyon Newport Beach Market Update | July, 2014 Big Canyon in Newport Beach is a highly desirable newport Beach community.  This market report includes the builder tracts of Big Canyon and there are a total of six builder tracts  which includes Big Canyon Custom, Big Canyon Deane, Big Canyon Villas, Big Canyon McClain, Big Canyon Fairway One. (Big Canyon has both custom homes and condos for sale). Some of these tracts are Newport Beach gated communities.   Stats as of July, 2014 Active listings 16 Back up listings 3 Pending listings 2 Sold listings 8 Stats are as follows: Average sales price in July, 2014 $1,960,689 Average price per square foot $601.92 Median sales price April, 2014 $1,500,000 Median sales price per square foot $552.08 The absorption rat...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Bayshores Houses for Sale in Newport Beach | Homes for Sale in Bayshores in Newport Beach July, 2014 Market Update Bayshores is a highly desirable Newport Beach community located in Newport Beach. The community of Bayshores has  approximately 252 homes and it is located off Coast Highway in a guard gated community. There are bay front homes which have great views of Newport Harbor.  Bayshores is a highly sought after area in Newport Beach. There are also community activities for the residents. Status as of July, 2014 5 active listings 0 in back up status 0 in pending 0 sale in July, 2014 Pricing stats below: Average sales price of $3,707,000 Average price per square foot of $1,180.06 Median price of $2,525,000 Median price per square foot of $1,077.04 The absorption rate for Bayshores i...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Balboa Peninsula Point in Newport Beach | Balboa Peninsula Point Homes for Sale Market update for July, 2014  Balboa Peninsula Point  is located in a highly sought after location in Newport Beach on the Balboa Peninsula. Balboa. Balboa Peninsula Point encompasses the homes from A Street to the end of the Balboa Peninsula. Peninsula Point is located on Balboa Peninsula Point are bay front homes,  and ocean front homes. Balboa Peninsula Point is home to the Wedge. The wedge is known for huge waves at certain times. Currently, Balboa Peninsula Point in Newport Beach has the following: 14 active listings 2 in back up status 1 in pending status 4 sales in the month of July, 2014 Sales stats for month of July, 2014 as follows: Average sales price for the past one year is $3,572,500 Average pr...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Balboa Peninsula in Newport Beach | Market Update | July, 2014 Balboa Peninsula  is a very desirable area in Newport Beach. The Balboa Peninsula offers diverse living with condos and single family homes. There are bay front homes, ocean front homes and there are both condos and single family homes for sale. Consider living in a Balboa Peninsula condo, Newport Beach oceanfront home or even consider living on the bay front. Currently, there are 31 active listings on Balboa Peninsula in Newport Beach, 6 in back up status, 4 pending, and a total of 8 sales during the month of July, 2014. Average price for the past one year was $2,997,742 Average price per square foot of $1,204.41 Median price was $2,300,000 Median price per square foot of $1,078.13 Average DOM 99/161 The absorption rate is ...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Balboa Island Homes for Sale | Market Update | July, 2014  Balboa Island is a highly sought after area of Newport Beach. Balboa Island in Newport Beach consists of  three islands in Newport Beach and the islands include the main island, the little island and Collins Island. Buyers move to Balboa Island because of the unique lifestyle and incredible location. Balboa Island has unique charm, with the vert close location to upscale shopping and dining in Newport Beach. It is a ferry ride across to the Balboa Peninsula.   The statistics for Balboa Island are as follows for the month of July, 2014: Active: 16 Back up: 5 Pending: 1 Sold:        4 Average sales price for month of July, 2014 is $2,926,369 with a price per square foot of $1,239.35 Median sales price for month of July, 2014 is $2...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Homes for Sale in Newport Island in Newport Beach | Newport Beach Real Estate  Newport Island is an island in Newport Beach located off Balboa Boulevard and 38th Street in west Newport. It is a charming area of  homes. Some of the homes are bay front, and there are interior homes as well. There are approximately 109 homes located on Newport Island.   Newport Island  is walking distance to the 38th Street Park.  Search the MLS for homes for sale on Newport Island in Newport Beach, and Newport Beach homes for sale.  Other Newport Beach, CA Neighborhoods  Balboa Coves Cliffhaven Newport Coast Balboa Island Corona del Mar Newport Island Balboa Peninsula Dover Shores Newport Shores Balboa Peninsula Point Eastbluff Newport Terrace Bay Island Granville One Ford Road Bayshores Harbor Ridge Port...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Bayshores is a guard gated community located in Newport Beach. The community of Bayshores has  252 homes and it is located off Coast Highway and near Dover, Bayshores is a highly sought after community. Bayshores features single family homes, and some of the homes are located on the bay with incredible Newport Harbor views. Bayshores in Newport Beach features two private beaches, park, children's playground, BBQ area and guest dock, making Bayshores one of the finest neighborhoods in Newport Beach. Bayshores has community activities throughout the year, and during the winter months, it is an ideal place to watch the Newport Harbor Christmas Parade of Lights. If I can answer any other questions about Bayshores, please contact me. Search the MLS for homes for sale in Bayshores in Newport ...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Balboa Island Homes for Sale | Speechless Sunday I was out on broker preview this past week, and there was a home on preview on Collins Island which is located off Balboa Island (main island) in Newport Beach. I walked and took some photos, and I never get tired of the incredible view. This is taken from Balboa Island looking towards Bay Island in the distance. Search the MLS for Balboa Island homes for sale in Newport Beach. Have a great weekend!
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Terrace in Newport Beach | Condos for Sale in Newport Beach Newport Terrace is a condominium community which is officially located in Newport Beach. However, the only way to arrive in Newport Terrace in Newport Beach is by driving down 19th Street through Costa Mesa. It is located Newport Beach located in the Costa Mesa area, and very near the Talbert Preserve. There are 281 homes in Newport Terrace, and there are three floor plans available. There is a one level condo with two bedrooms, and there are two floor plans each with three bedrooms and two bathrooms. Each of the condos have their own single garage space, as well as a carport. It is not a gated community. There is a community pool for the residents of Newport Terrace in Newport Beach. Newport Terrace has recently underg...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
  Homes for Sale on Lido Isle in Newport Beach | Lido Isle Houses for Sale Lido Isle in Newport Beach was originally incorporated 1906. Lido Isle is a beautiful area of Newport Beach and many of the homes are bay front, and many have slips also. Lido Island in Newport Beach is located in the West Newport Beach area, and off Via Lido. You cross a bridge to arrive on the island, and it is actually an island. There is the Lido Isle Yacht club for the exclusive use of the residents, and there are also tennis courts for the resident's use also. Lido Island in Newport Beach is a very upscale neighborhood. There are bayfront homes located on Lido Island in Newport Beach, and many of the homes feature slips for their yachts.  It is an easy walk or bike ride to the beach, and to dining and shopp...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Shores is located on the west side of Newport Beach and literally across Coast highway from one of the finest beaches in Newport Beach. Newport Shoreshas approximately 440 homes located in the area. Most of the homes are single family, however there are some duplexes. Newport Shores also has a community clubhouse, pool, tennis court, sand volley ball court, basketball court and two play areas for children. When you reside in Newport Shores, it is definitely the beach life style. You can easily ride your bike to the Newport Pier or the Huntington Beach Pier. Below is the the Newport Beach pier. Newport Shores has the most beautiful sunsets. The inventory of homes has been down this summer. Search the MLS for Newport Shores homes for sale.  
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Beach Homes for Sale in Balboa Coves | Balboa Coves in Newport Beach Balboa Coves is a gated community located off Coast Highway in Newport Beach. There are approximately 68 home sites located in Balboa Coves. The Newport Beach homes in Balboa Coves are located on the bay, and one of the coves in also has a sand beach. Balboa Coves in Newport Beach is located on the inside of Newport Boulevard, and although there are boats that are in Balboa Coves, the bridge is not high enough to allow a sailboat with a mast to pass under it. So most of the boats are either Duffy’s or power boats. Balboa Coves in Newport Beach is a desirable area, and it really is a beautiful community. There are beautiful bay front homes for sale in this Newport Beach community. Walking distance to an excellen...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Are you considering selling your Newport Beach home.  Does your home have deferred maintenance? You are planning on selling your Newport Beach home, and don't want to invest the extra money to repair items on the home that need attention. You might want to think again!  In most cases, buyers will perform a home inspection and when they do, any deferred maintenance will show up. The inspector will document and take photos of it, about all the systems of the home including HVAC, plumbing, electrical, kitchen appliances, etc. If you know that there is are items which need to be addressed such as a plumbing leak - I HIGHLY recommend that this be addressed. A concern would be if a buyer wants to purchase the property and they start to see "things" that need to be addressed, and the buyer wil...
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By Karen Fiddler, Broker/Owner, Orange County & Lake Arrowhead, CA (949)510-2395
(Karen Parsons-Fiddler, Broker 949-510-2395)
Orange County Golden Foodie Voting Starts August 3, 2014     It's here again, time for Orange County, California to vote for their favorite local restaurants. Every year, the Golden Foodie Awards highlights local chef-driven restaurants in Orange County.  This is a unique event, the local community can go online and vote for their favorite places. There are categories for Mexican (of course), Sushi and Burgers...these would be expected. But there are unique categories as well. Who makes the most delicious dessert?Which restaurant has the best beer line-up?Who is your favorite bartender?Where is the best cocktail?  Many others too! If you can eat it, there is probably a category for it! Voting is done over the next 3 weeks, beginning August 3 and ending August 23 with different categorie...
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By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
People love Newport Beach CA where homes near the Harbor, the Back Bay, and beaches are some of the most popular for buyers in this city famous for residential living and investment.   Newport Beach CA homeowners like recent selling prices and solid values.  81 Newport Beach homes have sold during first 29 days of July 2014.  Average sold price for those July 2014 was $1,662,385 – and average time on market for those sold homes was 87 days. 84 Newport Beach homes sold during same time last year – first 29 days of July 2013.  Average sold price was $1,525,065 - and average time on market for those sold homes was 74 days. So Newport Beach average home selling prices are up almost 9 percent during this time in July 2014 as compared with the same time last year in July 2013. Newport Beach n...
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By Pete Xavier, Outstanding Agent Referrals-Nationwide
(Investments to Luxury)
The Internet Says What?   Do you believe everything on the internet including the value of your home?   Hopefully you do NOT!   As real estate professionals we take valuation seriosly. Frankly our reputation is dependent on it!   If you are considering selling your home or know of anybody who is...please put us to task and we will provide a comprehensive professional valuation & market report FREE!           Trust A Local Professional!              OCLister.com          "Your Newport Beach Real Estate Advocate"
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Is it important to consider absorption rate when considering selling your home? What is Absorption Rate? During an evaluation of a property, I provide a link to absorption rate. The absorption rate is a report of the current inventory  in a particular area or city, and provides trends in regards to the number of homes per month are selling over the past one year. This is important information for both buyers and sellers, as you can monitor trends by area by month. Absorption rates show monthly trends, and information about sales for past one month, three months, six months and twelve months.  Absorption rate is basically - the length of time it will take to sell all the active listings assuming that no new listings are added. This provides absorption rate. This is important information ...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Bayshores Houses for Sale in Newport Beach | Homes for Sale in Bayshores in Newport Beach June, 2014 Market Update Bayshores is a highly desirable Newport Beach community located in Newport Beach. Bayshores has  approximately 252 homes and it is located off Coast Highway in a guard gated community. There are bay front homes which have incredible views of Newport Harbor. Many of the homes are being renovated or rebuilt! Some of the amenities in Bayshores in Newport Beach include private beaches, playground,  a park, BBQ area and guest dock.  Bayshores is a highly sought after area in Newport Beach. Status as of June,  2014 5 active listings 0 in back up status 0 in pending 2 sale in June, 2014 Pricing stats below: Average sales price of $3,707,000 Average price per square foot of $1,180....
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Balboa Peninsula Point in Newport Beach | Balboa Peninsula Point Homes for Sale Market update for June, 2014 Balboa Peninsula Point  is located in a highly desirable location in Newport Beach on the Balboa Peninsula. Balboa. Balboa Peninsula Point encompasses the homes from A Street to the end of the Balboa Peninsula. Located at Balboa Peninsula Point are bay front homes,  and ocean front homes. Balboa Peninsula Point is home to the famous Wedge. Due the direction it faces with the jetty, with a certain swell, the waves can be enormous, and truly only meant for the experience body boarder, surfers, and body surfer. Currently, Balboa Peninsula Point in Newport Beach has the following: 14 active listings 2 in back up status 2 in pending status 2 sales in the month of June, 2014 Sales stat...
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By Pete Xavier, Outstanding Agent Referrals-Nationwide
(Investments to Luxury)
Newport Beach, California As of today there are over 350 homes of the market in beautiful Newport Beach.   Luxury living from $275,000 to over 18 million USD.     V.I.P. Instant MLS:   OCLister.com     For more information or a showing CALL  714.459.2017     Protection For The Investor Of Luxury!   Pete X & Associates GRI, MCNE, CDPE Realty ONE Group CA-BRE:01925275 "Your Newport Beach Real Estate Advocate"   Important:If you're visiting any new home community or open house there is NO need to give personal information to someone who is NOT working on your behalf. At least tell them you're working with an agent and just want to look. Remember to not say much, anything you say can be used for their benefit NOT yours.   Outstanding Referral Partners Nationwide        
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