Tagged : newport beach real estate market

It was only a month ago we reported a new listing in the Harbor Island bay front community that hit the market for $17,500,000.  The home at 27 Harbor Island, Newport Beach has already sold and closed for $16,500,000, the highest recorded sales price paid square foot for all of Newport Beach in the last 5 years.  The home was located on the bay front in the gated community of Harbor Island and located on a 8,340 square foot lot that accommodates 2 boats up to 50 feet in length.  The home featured a large entertainment backyard area that was oriented towards the Pacific Ocean with great sunset views.

The Newport Beach Real Estate market is in full swing with properties priced correctly selling in a very short period of time.  In the month of April there

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 under the

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

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