Harbor Cove Promenade

As the market continues to change in Newport Beach one thing is true that the deals are becoming harder to find as the bottom of the real estate market has passed us.  Local media outlets have reported that the Newport Beach Real Estate market is now on an upswing which is causing many home buyers who were on the fence to get out and start looking at properties.  Interest Mortgage rates are still low making this the perfect storm for locating a home.  Currently, the inventory of homes is at a very low point making it even more difficult to find the "good deals."  When looking for well priced homes we always recommend distressed properties.  In the last several years the common thread for most home buyers is finding the nicest home for the lowest…

If you have been thinking about investing in Newport Beach Real Estate in 2012 you are not alone.  The real estate market has seen a lot of ups and downs in the last 5 years and many wonder if we are at the bottom of the market?  The Newport Beach Real Estate market is unique to it's own as many Newport Beach home owners pay all cash or a large sum down when purchasing a home.  The result of this habit is the lower number of distressed properties on the market.  In fact, in 2008 when the rest of the country started to go down, the Newport Beach Luxury Real Estate market saw some of the highest sales and seemed to be sheltered from the mortgage fall out.  There is no doubt that we have seen a decrease in prices in Newport Beach but we are starting to…

If you are familiar with Newport Beach then you are well aware of the Fashion Island shopping center known for it's International appeal of top of the line shopping reminiscent of Rodeo Drive in Beverly Hills.  Fashion Island is located just blocks to the Bay & Pacific Ocean and the famous Balboa Island.  Finding a home in this area can be very expensive as the Fashion Island area is one of the most desirable locations to find a home.  The Harbor Cove gated community is an exclusive neighborhood that is located just outside the Fashion Island area.  Known for it's large luxury homes, Harbor Cove homes currently range from $995,000 to $1,595,000 in the Harbor Cove Promenade and $1,500,000 to $1,938,000 in the Harbor Cove Palisades community in…