Little Balboa Island Newport Beach

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…

Newport Beach home prices have really come down especially when looking at beachfront homes.  Long gone are the days when beachfront and ocean front homes were selling for well above $5 million dollars.  With today's economy finding an oceanfront home in Newport Beach under $5 million has become a lot easier to find.  Currently, there are 21 beach front homes for sale under this price point with a great selection of architectural gems on the market.  We got inspired when we saw a price reduction on this beachfront home located on the Balboa Peninsula that really captures the lifestyle of living on the beach.  We find that a lot of beach front buyers have a lot of choices now when considering a home.  There are various homes located on the sand up…

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…

Living in Newport Beach has it's many perks, especially for those who live on Balboa Island.  Be surround by the water from bustling tourists and quaint shops makes Balboa Island the hot spot to be in the summer time.  Many are not aware that there are different sections to Balboa Island which includes a small piece of land separate entirely by water on the south side and thus named "Little Balboa Island."  You won't find two many homes for sale in this section of Balboa Island do the small number of homes existing on the Island.  What you will find is charming Spanish, Mediterranean, Cape Cod & Cottage style homes with bayfront and ocean views that make you forget the pressures of life.  Currently, there are 5 properties for sale on Little Balboa…