September 2012

Found 4 blog entries for September 2012.

Sep 26

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2012 has been a busy year for Newport Beach Real Estate as many home and condos buyers are back in the market and prices are starting to inch their way up.  In a typical slow fall and winter season we are seeing a huge activity of buyers actively looking to buy.  One of the main reasons their such a huge demand and a low supply is that many home buyers believe that we have already passed the bottom of the market and they are doing whatever it takes to buy while prices are still low. 

One of the main problems is the lack of inventory.  If you are looking for a condo then you will be surprised to learn that you can still find a quality condo in the Newport Beach area for under $600,000.  One of the communities we like is the Brookview II condos in the

Sep 21

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Terraces condos in the Corona Del Mar area of Newport Beach offer the only 55+ senior community in Newport Beach, California. If you are lucky enough to be older than 55 year old then you are eligible to buy in this community. Located just 1 block to the new Oasis community center and 5 short blocks to the beach is the luxury development called the "Terraces.". The Terraces offer two bedroom, two bath single level condos with a two car attached garage and indoor laundry. There is a community pool, spa and clubhouse facility with canyon views. The clubhouse has many senior activities and events for the residents. Currently, there are no condos being offered for sale but expect condo prices to range from 700,000 to $950,000 depending on location and…
Sep 12

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Newport Beach has an abundance of water front homes and condos for sale.  Depending on what part of the city you want to live will determine the right community for you.  The Corona Del Mar area of Newport Beach is an excellent place to live with easy access to local shopping and restaurants that line Pacific Coast Hwy and lead into the central Newport Beach area.  Along the coast in Corona Del Mar you will find a special place call Chanel Reef.  Channel Reef Condo building has been around since the early 1960's and was one of the earlier water front condos to be built in the area.  The condo building has a prime location and includes a secure gated area as well as a salt water pool and potential boat slips when available.  If you are looking for grand

Sep 5

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Newport Canyon is one of the more popular communities in the Newport Beach area. In 2012 we have seen some great sales in this community even though Newport Beach is experiencing record low inventory of housing. In 2012, Newport Canyon has had 3 sales ranging from $773,500 to $1,260,000.

  • 3061 Corte Portofino sold for $888,500 on 3/20/12
  • 3178 Corte Hermosa sold for $915,000 on 4/26/12
  • 3121 Corte Linda sold for $1,260,000 on 8/5/12

Currently there are 2 number of homes for sale raining from $1,150,000 to $1,195,000. If you are looking to buy in this popular community make sure to watch the market closely for new listings. Distressed properties like short sale and foreclosure properties tend to sell quicker than standard sale properties. Make