The Newport Beach Real Estate market is definitely picking up as recent reports in the OC Register indicate a spike in the number of buyers making offers on property. A perfect example of this is an ocean view condo in the Newport Heights area that I was showing over the weekend. The condo was located in the Versailles gated community, which is located just a couple blocks to the pacific ocean and the sandy beach. The condo was located on the penthouse level with two large bedrooms and great ocean views from the living room and master bedroom. Being bank owned and priced very low at $275,000, the condo accepted an offer with only being on the market for 8 short days. If you are in the market to buy property in Newport Beach keep in mind other buyers like yourself have realized that we have passed the bottom of the market and are out making offers on well priced homes and condos. We anticipate this increased activity to continue so seize the opportunities when they arise. If you are looking for a similar type property in this location make sure to also look in the nearby condo communities of Villa Balboa, Newport Crest and Seawind condos. For more information on the real estate market in Newport Beach please consult with any of our Newport Beach Real Estate agents. We are here to help and our available now to talk to you.