Newport Beach Real Estate Blog

Jul 21

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The Irvine Terrace community is considered one of the top neighborhoods in the Corona Del Mar area of Newport Beach due to it's prime location that overlooks the water.  It also enjoys a short distance to Fashion Island shopping center as well as Balboa Island which are some of the most visited places in the area.  If you have ever driven through the Irvine Terrace community then you would know this neighborhood is very carefully planned out with a lot of Contemporary, traditional and Bungalow style properties.  Due to the higher price points select properties are being completed remolded or completely rebuilt as a brand new construction home.  Often times these will be done in the Modern architectural style which is currently in very much in high demand

Jun 27

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The real estate market has taken a shift from the record setting years of high price market sales and various bidding wars amongst buyers to a more natural market where homes are settling on the market for a period of time.  The one thing that hasn't changed in the last several years is that home buyers are still looking for homes that need little to no work and properties that have been completely renovated.  The term "turnkey" is a real estate phrase that means that property is completely ready to go with no renovations needed in most cases.  With the market shifting and the idea of a recession looming buyers in this market do not want to take on a project which could cost them a lot of time are money.  If you are a home owner thinking about selling

May 31

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Bayview Terrace is a very nice gated community that is probably one of the best kept secrets when looking for a home.  The neighborhood has always had very attractive real estate prices when compared to similar type neighborhoods throughout Newport Beach no matter if you are looking to buy or to rent a home here.  The location is right next to the Newport Back Bay and the 73 Freeway which really makes it a very convenient place to live.  Over the past 5 years there has been approximately 30 rental properties that have come on the market for lease here, so basically 6 homes a year.  The large majority of these are the 3 bedroom floor plans with some 2 bedroom, 2 bath condos mixed in there as well.  About 5 years ago it was not uncommon to find a rental

Apr 29

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We work with a lot of first time home buyers who are always trying to figure out the best places to live in Newport Beach. Real Estate prices in  Newport Beach have gone up so much in the last several years that it's been really hard for those buying a home for the first time.  We still have seen some really good investments that have come on the market this year so it's still not impossible to find a good starter home.  There are some of the places we recommend looking when first starting to think about buying a home.  We always recommend starting with what your budget will allow and then work your way up.  If that means starting with a smaller condo then that typically is the best way to go.

One of the best places we love in the Newport Beach area

Mar 29

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When looking for a rental property it tends to be all about location and price as many Newport Beach neighborhoods can have crazy high rent prices.  One of the more affordable places to find a rental property in Newport Beach is a small condo complex called Newport Garden Villas.  First, the location is really hard to beat as it's situated in the upscale Westcliff area of Newport Beach.  From this area it's just a very short driving distance to the Newport Beach back Bay Area as well as all of the retail shopping and restaurants located along Coast Highway.  It's also really ideal when commuting to work as it's just minutes to the 55 freeway onramp which connects to the 5, 73 and 405 freeways.  You are basically in the hub of things with a location that

Feb 28

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One of the latest trends in real estate is looking at various places to find homes for sale that are currently not on the market for sale.  With the very low inventory of homes buyers are now staring to look at current rental properties as an avenue to see if those owners would consider selling their home.  We have found this an excellent way to find some properties where the owners might consider selling but it's important to keep a couple things in mind.  Owners of these rental properties may consider selling but since the home is not on the open market they often will want a premium in price to entice them to sell.  Also, if the property is already tenant occupied then the new buyer may have to assume that tenant and be in charge of renting it to them

Jan 25

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One of the latest trends in real estate are fractional ownership properties.  Over the last year we are starting to see more and more of these listings come on the market for sale here in Newport Beach.  The very low price point is what grabs a lot of buyers attention thinking that they can get this beautiful home or condo for a fraction of what it would normally sell for until they read the property description and find out that it's only for partial ownership. What's happening is that larger companies interested in investing in real estate will purchase prime real estate that will have the most appeal to a large number of buyers.  This would include a nice view of the city or ocean views, open floor plan with high ceilings and a good number of rooms

Dec 23

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The Newport Terrace community is an excellent place to find affordable rentals in the often expensive beach town of Newport Beach.  The location is just down the road from Hoag hospital on the nothern section of Newport Beach which is a short driving distance to the beach.  Many of the rentals have been leased in the mid $3,500 a month range or less which is a great price point for rentals in this area.  The large majority these are 3 bedroom condos that were originally built in 1974 with several of them being updated over time.  There is currently one rental on the market in Newport Terrace that features a total of three bedrooms, two baths with an approximate 1,129 square feet of living space.  It has been nicely updated and comes with vaulted ceilings

Nov 16

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Newport Beach is one of the best places when looking for water front home.  There are a wide range of luxury estate homes and condos that sit directly on the bay front.  For those looking for a townhouse on the water those are harder to come by in Newport Beach.  The main difference between a condo and a townhouse is that a townhome will be typically located on two different levels with a condo typically just on one.  There are a few places to find waterfront townhouses in Newport Beach that include Bayside Cove, Residences at the Vue Newport, Lido Parc and Newport Marina Village.

Probably the best place to look for two story townhouses in Newport Beach on the water is the Bayside Cove community.  This is a premier complex that offers wonderful water

Oct 25

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The Westcliff Capri Condos complex is one of the older condo buildings in the Newport Beach area that was built between 1959 to 1960.  This historically have offered a great value with a location that is right in the heart of the Westcliff area and within walking distance to the Newport Harbor high school and the Dover Shores area.  Condo sales have been very limited in this complex since they rarely come on the market for sale.  On average, we will only see one listing come on the market and sell with some years having no condo sales at all.  What you can find here are really great real estate prices for one and two bedroom condos that are under 1,00 square feet of living space.  The last sale that occurred in Westcliff Captri was a one bedroom condo