Little Balboa Island Newport Beach

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

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 Island