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        <title>Newport Beach Real Estate Blog</title>
        <link>http://www.newportbeachrealestate.com/blog/kings-road-newport-beach/</link>
        <description>Newport Beach Real Estate Blog for updates to the Newport Beach Real Estate market.  </description>
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            <guid>http://www.newportbeachrealestate.com/blog/jan-2013-home-sales.html</guid>
            <link>http://www.newportbeachrealestate.com/blog/jan-2013-home-sales.html</link>
            <author>conciergekelly@icloud.com (Sam Smith)</author>
            <title>Jan 2013 Home Sales | Newport Beach Real Estate Market Update</title>
            <description> <![CDATA[ 
January has come to an end and the market has been very active in Newport Beach, California.  The majority of homes sales in Jan 2013 were between the $1,000,000 to $2,500,000 price point in Newport Beach.  The highest grossing sale was a four bedroom, 2,345 square foot ocean front home that sold for $3,350,000.  We have been reporting for some time now that some of the best oceanfront deals are to be found in Newport Beach as similar homes in neighboring towns like Laguna Beach and Dana Point have beachfront homes at much higher price points.  The lowest sale in Jan 2013 in Newport Beach was a probate sale in the Versailles condo building where a 2 bedroom, 2 bath condo sold for $275,000.  Versailles is a small complex where you can find condos under the $300,000 price point and is located about 4 blocks to the beach in the Newport Heights area.


Overall, activity has picked up for the Newport Beach Real Estate market and the momentum is strong for very heathly sales activity for 2013.  There has been a lot of talk of the foreclosure bubble as many banks are still holding on to "shadow inventory" of distressed properties.  Many banks are now looking to convert these distressed properties into short sales and let the owners stay in the home while the short sale is negotiated.  If this is the case this year expect to see more short sale listings come on the market.  Buyers are able to pick up below market values on short sales but must understand the buying process can take several months with no guarantee's. 


Below are the Jan 2013 homes sales in Newport Beach.  Please use this as a reference if you are thinking about buying a home in the Newport Beach area.  For seller's thinking about selling the market has truly turned in your favor.  The low inventory of housing has created a pint up demand for buyers looking to buy in certain neighborhoods.  Newport Beach is still considered one of the most desirable locations in the world to live and 2013 is a great year to buy while prices are still low.


#jan-2013-home-sales#
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            <pubDate>Thu, 31 Jan 2013 09:47:51 -0600</pubDate>
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            <guid>http://www.newportbeachrealestate.com/blog/10-most-expensive-newport-beach-homes-sold-in-2012.html</guid>
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            <author>conciergekelly@icloud.com (Sam Smith)</author>
            <title>10 Most Expensive Newport Beach Homes Sold in 2012</title>
            <description> <![CDATA[ 
The Newport Beach Real Estate market saw a number of record sales in 2012 with 10 banner sales over the $10 million dollar price point.  Newport Beach is widely known as the most expensive real estate market in the country and the luxury real estate market is very much alive and increasing.  The most expensive home sold was the luxury estate called "One Pelican Hill Road."  The home is located in the Pelican Hill area of Newport Beach and situated on one of the largest lots in the area.  The property was sold in it's current state where construction was in the final stages.  Upon completion of the home, the property would featured a 17 car garage, lush landscaping, multiple terraces, a private lake, tennis court, vineyards, wine cave, horse stable and riding area, and a gatehouse.  The property was bought at auction with final paid sales price of $19,425,000. 


#top-ten-sold-listings#


3 of the top 10 properties were sold in the Corona Del Mar area of Newport Beach and 4 of the top were sold in the upscale Newport Coast area of Newport Beach.  When deciding where to buy a luxury home in Newport Beach you have many options.  Some luxury home buyers prefer the opulent and impressive Newport Coast area for it's large scale architecture and secure gated communities.  Others prefer a bay front or oceanfront location in the heart of the city.  No matter what price you are interested in spending you have many options in Newport Beach.  Please contact Sam Smith at 949-444-1901 to start your Newport Beach Real Estate search.
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            <pubDate>Thu, 17 Jan 2013 16:07:53 -0600</pubDate>
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            <guid>http://www.newportbeachrealestate.com/blog/distressed-properties-in-newport-beach-ca.html</guid>
            <link>http://www.newportbeachrealestate.com/blog/distressed-properties-in-newport-beach-ca.html</link>
            <author>conciergekelly@icloud.com (Sam Smith)</author>
            <title>Finding Distressed Properties For Sale In Newport Beach California</title>
            <description> <![CDATA[ 
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 price.  The days of wanting fixer upper homes has long lost it's appeal and home buyers have turned to homes that have been completely upgraded.  Now as the tide is shifting more and more home buyers are open to buying homes that need cosmetic work if priced accordingly.  We recommend watching the homes that are new to the market with special attention to short sale and bank owned homes.  These are typically the best priced homes on the market and will typically have offers on them within the first two weeks of being on the market.  Our Newport Beach Real Estate website has to ability to save any home search and alert you when new deals come on the market.  2012 is going to be a great year to invest in the Southern California real estate market and we are here to help.
 ]]> </description>
            <pubDate>Wed, 28 Mar 2012 10:23:04 -0500</pubDate>
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            <guid>http://www.newportbeachrealestate.com/blog/finding-fixer-upper-homes-for-sale-in-newport-beach.html</guid>
            <link>http://www.newportbeachrealestate.com/blog/finding-fixer-upper-homes-for-sale-in-newport-beach.html</link>
            <author>conciergekelly@icloud.com (Sam Smith)</author>
            <title>Finding Fixer Upper Homes For Sale In Newport Beach</title>
            <description> <![CDATA[ Finding Fixer Upper Homes For Sale In Newport Beach is easy to find if you know where to look and are ready to act quick.  With the recent downturn in the economy it seems like a lot of buyers are looking for homes that are completely redone and for the lowest prices.  Days of buying fixer upper homes, doing simple renovations and flipping them back on the market are gone.  Today's home buyers are more savvy and know they can be a totally renovated home at bargain prices which will save them more money in not having any renovation costs after the buy the home.  Now with the economy starting to pick back up more and more Newport Beach home buyers are looking for fixer upper homes.  Of course, they still want these homes at a deep discount but the demand for these types of homes has increase.  We did a quick search for the number of fixer upper homes on the market and found six properties for sale ranging from $595,000 to just under $2.5 million.  If you do find a well priced fixer upper home make sure you act quick and the supply of homes are currently very low.  We also recommend working with a local Newport Beach realtor who can advise you on any local rules and regulations that may effect the purchase price that you are willing to pay. ]]> </description>
            <pubDate>Wed, 25 Jan 2012 23:11:26 -0600</pubDate>
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            <guid>http://www.newportbeachrealestate.com/blog/newport-beach-real-estate-market-in-2012.html</guid>
            <link>http://www.newportbeachrealestate.com/blog/newport-beach-real-estate-market-in-2012.html</link>
            <author>conciergekelly@icloud.com (Sam Smith)</author>
            <title>Newport Beach Real Estate market in 2012</title>
            <description> <![CDATA[ 
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 see a large number of home buyers and real estate investors coming back into the Newport marketplace.  Real Estate in Newport Beach is not cheap but considering what values can do 5 to 10 years from now can make sound financial sense.  We encourage you to consult with a local Newport Beach realtor who can show you where the best deals are in the Newport market.



 ]]> </description>
            <pubDate>Wed, 11 Jan 2012 22:40:59 -0600</pubDate>
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            <guid>http://www.newportbeachrealestate.com/blog/newport-beach-waterfront-close-homes-in-cliffhaven.html</guid>
            <link>http://www.newportbeachrealestate.com/blog/newport-beach-waterfront-close-homes-in-cliffhaven.html</link>
            <author>conciergekelly@icloud.com (Sam Smith)</author>
            <title>Newport Beach Waterfront Close Homes In Cliffhaven</title>
            <description> <![CDATA[ Living in Newport Beach is known to be the most expensive real estate in the country.  If you do decide to make Newport Beach home then living by the water is probably a natural desire.  If you are in the market for a waterfront home but can't budget the multi-million dollar waterfront home prices then finding a home close to the water is your best bet.  One of the best locations to find single family homes near the Newport Bay and the Pacific Ocean is the Cliffhaven Newport Beach community.  Located just north of Pacific Coast Highway, Cliffhaven offers buyers some of the best values in Newport Beach.  The famous "Kings Road" is also nearby offering the very best views to be found in Newport Beach!  Currently, you will find three homes for sale priced between $1,395,000 to $1,699,000.  From this location you are just minutes to Balboa Island and Fashion Island shopping center. ]]> </description>
            <pubDate>Wed, 05 Oct 2011 20:39:09 -0500</pubDate>
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            <guid>http://www.newportbeachrealestate.com/blog/newport-bay-view-homes-for-sale-on-kings-road-newport-beach-ca.html</guid>
            <link>http://www.newportbeachrealestate.com/blog/newport-bay-view-homes-for-sale-on-kings-road-newport-beach-ca.html</link>
            <author>conciergekelly@icloud.com (Sam Smith)</author>
            <title>Newport Bay View Homes For Sale On Kings Road, Newport Beach, CA</title>
            <description> <![CDATA[ Kings Road in Newport Beach is a well known street for having wonderful Newport Bay &amp; Ocean View homes.  If you are looking for a true panoramic view of the Newport Beach area which includes the coastline, watching the boats in the Newport Bay and views of the ocean then homes located on the view side of Kings Road is the place for you.  Homes rarely come on the market on the view side of Kings Road and when they do they tend to be very expensive.  As the most expensive real estate market in the country, buying a home in Newport Beach with spectacular views doesn't come cheap.  One of the best examples of these homes is a Kings Road home that is located on the bluff side just three houses down from the main lookout area and listed for $4,295,000.  If you are looking for an ocean and/or bay view home we encourage you to visit the homes located on "Kings Road."  Of course, for information on Newport Beach Real Estate please contact us today at 949-444-1901 as we specialize in Newport Beach Homes! ]]> </description>
            <pubDate>Sat, 03 Sep 2011 20:47:55 -0500</pubDate>
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