Newport Beach Short Sales

Balboa Island Cottages in Newport Beach has a lot of historic charm and personality to one of the oldest neighborhoods in the city.  The homes in this area were first built here over 100 years ago and still remain the original historic character from the early 1900's.  When visiting the island for the first time you will be surprised by all the many architectural styles that can found on this small island.  As you can imagine real estate and the land that the homes sits on is very expensive so that is why you will find so many of the homes located very closely together.  If you don't like living very close to your neighbor then this is probably not the right community for you.

For those who don't mind the close nit housing situation and enjoy the…

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…

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…

Newport Canyon is one of the more popular communities in the Newport Beach area. In 2012 we have seen some great sales in this community even though Newport Beach is experiencing record low inventory of housing. In 2012, Newport Canyon has had 3 sales ranging from $773,500 to $1,260,000.

• 3061 Corte Portofino sold for $888,500 on 3/20/12
• 3178 Corte Hermosa sold for $915,000 on 4/26/12
• 3121 Corte Linda sold for $1,260,000 on 8/5/12

Currently there are 2 number of homes for sale raining from $1,150,000 to $1,195,000. If you are looking to buy in this popular community make sure to watch the market closely for new listings. Distressed properties like short sale and foreclosure properties tend to sell quicker than standard sale…

One of the best locations when looking for condos near the beach in Newport Beach is the Villa Point condos.  Villa Point is ideally located at the corner of Jamboree Road and Pacific Coast Highway that's just on the outskirts of Balboa Island.  This beach close location and association amenities have made Villa Point one of the top choices when looking for a condo under $500,000.  In the last 6 months we have seen several condos sell in the Villa Point area from $387,500 to $725,000 which makes the current inventory of condos a really great deal.  Currently, there are three Villa Point condos for sale with one being offered for sale for $303,250 that's listed as a short sale.  If you are looking for a well priced condo then it's really hard to beat…

Beacon Bay Newport Beach homes are one of the best kept secrets for those looking to live in a waterfront community in Newport Beach, California.  The community has a nice mixture of waterfront and water close homes.  Architecturally you will find a nice mixture of Cape Cod, French and Mediterranean style two story homes.  Beacon Bay has many association amenities which include a community tennis court, private beach, boat slips and lots of grassy areas for kids and pets to play.   Those looking for a relaxed atmosphere away from the stuffiness of a gated community will be at home at Beacon Bay.  For the first time in many years we have several properties available for sale under the $2 million dollar mark.  One of the homes listed for $1,999,000…

Looking for a home in the Corona Del Mar area of Newport Beach can be difficult especially if you have a budget under $800,000.  Currently, there are four available properties for sale in this price range with no single family homes currently on the market.  The condos area located in the Sandcastle and Canyon Cove Condo building.  The Sandcastle is a smaller condo complex in Corona Del Mar with 46 condo units.  Condos rarely come on the market here and when they do they typically sell very quickly.  We did a quick search for sales in this complex and found a recent sale for $535,000 that features a two bedroom, one bath condo that was just over 900 square feet.  This may be a tough comparison if you are moving here from out of state but if you want…

One of our more popular searches from buyers looking to get into the Newport Beach Real Estate market is for homes and condos under the $500,000 price point.  In Newport Beach it's very difficult to find a single family home under $500,000 so most buyers elect for condos and town homes.  One of the better condo buildings in Newport Beach to find a quality condo in the heart of the Dover Shores area is the Dover Village condo community.  Besides the ideal location near the water and the beach, Dover Village offers two levels of town home living with living quarters on the first level and bedrooms located on the upper level.  All Dover Village condos come with two bedrooms and two baths with a two car garage.  The community features a community pool…