2012 has been a busy year for Newport Beach Real Estate as many home and condos buyers are back in the market and prices are starting to inch their way up. In a typical slow fall and winter season we are seeing a huge activity of buyers actively looking to buy. One of the main reasons their such a huge demand and a low supply is that many home buyers believe that we have already passed the bottom of the market and they are doing whatever it takes to buy while prices are still low.
One of the main problems is the lack of inventory. If you are looking for a condo then you will be surprised to learn that you can still find a quality condo in the Newport Beach area for under $600,000. One of the communities we like is the Brookview II condos in the Newport Heights area of Newport Beach, California. Brookview II condos were built about 32 years ago and feature two to three bedrooms condos located in a gated community.
The community features an association pool and spa with homeowners association dues just over $400 a month. The condos are located near Hoag Hospital and are close proximity to the Newport Crest, Seaview and Versailles condo communities. Below are the current available condos for sale in Brookview II.