Newport Beach Short Sales

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. 

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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

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West Newport Is one of the best places to find waterfront condos in the Newport Beach area.  Where is West Newport located?  Well, if you look at the photo below you will see that condos located in the West Newport area are located right between the Pacific Ocean and the Newport Bay and situated on the small balboa peninsula strip and near Lido Isle. 

The condos in this area with waterfront and bayfront view will typically start right above the $1 million dollar market and currently go as high as $1.8 range.  These condos are typically two to three bedrooms and have an approximate 1,800 square feet of living space.  This truly is a prime location in Newport Beach and is a great place to watch the boats & yachts go by right in front of your bayfront

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Newport Beach homes found on the tip of the balboa peninsula are often referred to as the "Balboa Peninsula Point" area in Newport Beach, California.  If you are not familiar with the Newport Beach area then the Balboa Peninsula is a great area to find beach & water close luxury homes. Looking at a map you can see the long stretch of land with many homes for sale in this area.  Are the very tip and end of the strip you will find the Balboa Peninsula Point.

Here you will find homes that face the Pacific Ocean as well as the Corona Del Mar State Beach that is seen above.  Homes on the inland part of the strip will also have views of Balboa Island, Harbor Island and Lido Isle.  This is a great vantage point as many of these homes will have fantastic

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Finding a quality Realtor can be tricky if you are not familiar with the area you would like to live.  Typically most quality agents come from referrals from friends who have good experience with a certain Realtor.  The fact is that most Realtors have left the profession since the economy has taken a downturn while leaving just a handful of agents who tend to do 90% of the business.  In addition, each quality Realtor has a specific niche that they are good at.  You will find waterfront & oceanfront specialists, community and short sale experts for example.  If you are looking for a Realtor who specializes in the $1 million dollar range homes then you are best bet is to work with an agent that has professional web exposure and understands the local…

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…

When you think about buying a condo in Newport Beach you usually will think about having a water front or bay front view.  There are also many condos located in the Newport Heights area of Newport Beach with grand ocean views and a walk to the beach location.  One of the hidden spots to find condos in Newport Beach is the East Bluff area.  The East Bluff is predominantly known for it's large single family homes and family neighborhoods.  However, communities like Big Canyon Deane feature luxury town homes that will range well over $2 million dollars.  If your budget is not this rich then you may want to look at the golf course view condos at the Big Canyon Villa.  This is popular spot for home buyers looking for view condos in the $600,000 - $700,000…

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

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Lower Newport Bay Condos offer the best water views If you are are you looking for a waterfront condo In Newport Beach, California.  Where exactly in the Lower Newport Bay area?  The Lower Newport Bay area is located just south of Pacific Coast Highway and is situated between the Newport Bay and the Balboa Peninsula which is located on the other side of the bay.  This area is very well known for it's luxury waterfront properties with some of the best panoramic views.  Currently, the inventory of condos in this area is very low with only 2 condos on the market.   Budget on spending at least $800,000 for a water front condo in this area as they are very much high in demand and real estate is not cheap in this neighborhood.  We found one waterfront condo

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Newport Beach Condos With A View of the Ocean can be found in many different areas of Newport Beach, California.  It's important to understand the different areas of Newport Beach and the price point you are looking to buy.  If you are on a budget and looking for an ocean view condo then there is no better place to look than the "Newport Heights" area of Newport Beach.  Newport Heights condos offer ocean view condos starting as low as $400,000 and offer a short distance to the Pacific Ocean and the Newport Bay water activities.  One of the key places to look in Newport Heights is Villa Balboa and Newport Crest.  Both these condo buildings sit at the top of the hill and have unobstructed views of the ocean.  Not all condos will have views so make sure you

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