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Newport Beach, CA Real Estate News

By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
Newport Beach Film Festival 2013     The 2013 Newport Beach Film Festival will continue until May 2nd. The fourteenth annual Newport Beach Film Festival runs for seven days.  The festival features both studio and independent films from around the world.  For more information about the films and where they will be playing, please see Newport Beach Film Festival.    
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Big Canyon in Newport Beach is a high sought after area in Newport Beach. This market report encompasses the builder tracts of Big Canyon and there are a total of 6 builder tracts including Big Canyon Custom, Big Canyon Deane, Big Canyon Villas, Big Canyon McClain, Big Canyon Fairway One. Some of these tracts are gated, and there are some that are not such as Big Canyon Villas. If you are searching for a Newport Beach golf course home or a Newport Beach condo, consider Big Canyon. Search for Newport Beach golf course homes, and homes in a Newport Beach gated community in Big Canyon. Big Canyon in Newport Beach  is bordered by Ford Road, MacArthur, San Joaquin and Jamboree. Big Canyon is located on the Big Canyon golf course at the Big Canyon Country Club which is a members only golf clu...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Balboa Peninsula Point in Newport Beach | Balboa Peninsula Point Homes for Sale Balboa Peninsula Point in a beautiful location in Newport Beach which is located on the Balboa Peninsula. Balboa Peninsula Point in Newport Beach is a highly sought after area in Newport Beach. Balboa Peninsula Point encompasses the homes from A Street to the end of the Balboa Peninsula. There are many options with homes on Peninsula Point with both  bay view homes and ocean front homes.  The homes that are ocean front are located on the beach. Currently, Balboa Peninsula Point in Newport Beach has 16 active listings, 2 in back up status, 0 in pending status, and there were 2 sales in the month of March, 2013. There are 16 active listings compared to 14 in February, 2013There is 2 in Back Up compared to 1 in...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Balboa Peninsula in Newport Beach | Market Update | March, 2013 Balboa Peninsula  is a highly sought after area in Newport Beach with bay front homes, ocean front homes and condos for sale. There are both Newport Beach condos for sale, and  Newport Beach single family homes located on the Balboa Peninsula. Living on the Balboa Peninsula is a lifestyle.  Currently, there are 33 active listings on Balboa Peninsula in Newport Beach, 18 in back up status, 4 pending, and a total of 4 sales during the month of March, 2013. 33 active listings compared to 35 in February, 201318 back up compared to 14 in February, 20134 pending listings compared to 2 in February, 20134 sold listings compared to 2 in February, 2013 Average home sale price for the past one year is $2,248,177 with an average price ...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
Things to Do in Costa Mesa - Lido Village Artisan Market   The Lido Village Artisan Market has joined the Lido Village Farmers' Market.  The market takes place every Sunday from 9:00am to 1:00pm.  The market will be host to numerous different vendors who will offer both new and vintage finds to those who come to peruse and shop.    Be sure to check it out and let us know what you think.
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
Newport Beach Whale Watching       The California Gray Whale makes it migration along the California coast between February and May.  These are amazing, powerful, majestic animals, and taking a cruise is a wonderful way to see them.   My mom used to take my sister and I out on the boats to see the migration.  We would often see whales and dolphins. It is one of those memories that sticks with you for a lifetime.    
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
Free Carnival and Healthy Kids Day at Newport Mesa YMCA     This event will take place Saturday, April 27, 2013 at the Newport-Mesa Family YMCA located at 2300 University Drive, Newport Beach, CA.   The carnival will include music, food, carnival activities, sport, entertainment, a 5K run around the Back Bay and more.  Even better, this event is free.
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By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
  Newport Beach CA has investors who want to buy foreclosure homes and properties - at both trustee auction sales after non-judicial foreclosures - and when properties are listed again as REOs on the MLS. Number of Newport Beach properties in foreclosure has declined this past year, and qualified investor buyers are waiting for them to clear the process and be available for purchase.   Newport Beach CA has 48 properties now scheduled for such trustee sale auctions after non-judicial foreclosure. Some of these auctions after non-judicial foreclosure are expected to be postponed while lenders make sure they have their paperwork in order to satisfy California law.  Although some of these properties are homes where people have tried to make payments, others are with no payments to lenders b...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
What an honor!  I was just notified that my website was number 20 of a Top 100 Real Estate Blogs to Follow in 2013.  What an incredible honor to be part of this list!  I put out information on a consistent basis to assist both Newport Beach buyers and sellers. Incredible to be part of this list! Below is the infographic including the top 100 real estate websites to follow in 2013… we are number 20 on this list of 100!!!! Originally posted at NewportBeachRealEstateCafe.com
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Showing Instructions on Your Newport Beach Home | Explaining Showing Instructions You have listed your Newport Beach home for sale, and your Realtor® has asked you to fill our an MLS input form. This is information which is mandatory must be completed in order to enter the property into the MLS. It is imperative to be accurate on this form with the data. There are some items on the MLS entry form which are mandatory, and that means you cannot complete entering a property into the MLS without a response. One of the items on the MLS entry form is showing instructions. Your Newport Beach Realtor® will discuss this with you. If your Newport Beach property is vacant, your agent may ask you about the use of an electronic lock box. The lock box times can also be set. I personally do not think ...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Homes for Sale in One Ford Road in Newport Beach | Market Update | February, 2013 One Ford Road in Newport Beach is a 24 hour guard gated community located in Newport Beach. This area  is bordered by MacArthur, Ford Road, Bison, and Jamboree. The community of One Ford Road in Newport Beach was originally built in the late 1990′s by Pacific Bay Homes. In this guard gated Newport Beach community, there are currently 8 active listings, 0 in back up, 1 in pending  and there was 1 sale during the month of February, 2013 Average sales price for past one year is $2,341,716 with a price per square foot of $585.55. This is up from last month. Median sales price in One Ford Road over the past one year is $1,967,500 with a price per square foot of $573.48. There were a total of 2 short sales in th...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Shores in Newport Beach | Market Update | February, 2013 Newport Shores in Newport Beach is a beach community  which is located on the west side of Newport Beach. There are approximately 440 homes which are located on the west side of Newport Beach.  Living in Newport Shores provides a wonderful beach lifestyle.  There are single family homes,  condos, and duplexes in Newport Shores. The Army Corp of Engineers has begun dredging the Newport Shores Canal and the dredging is finishing up this weekend. It is going to be so nice, and the water will be so clear. The residents cannot wait for this job to be completed, but it is interesting just the same to watch! The community of Newport Shores has a community pool, tennis court, basketball court, sand volleyball court and clubhouse, ...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Beach Short Sales | Market Update | January, 2013 The Newport Beach real estate market has both short sales and  foreclosures. The definition of a short sale is when a lien holder or bank agrees to accept a discounted payoff on a loan balance as a result of either economic or a financial hardship on the part of the mortgagor. The  lenders or banks will attempt to obtain fair market value for the property. A bank or lender may request more than one BPO (broker price opinion) and obtain independent appraisals to help establish value. Currently there are 4 active listings, 9 in back up status, 11 pending and there were 1 sales in February, 2013. 4 active listings compared to 3 active listings January, 20139 back up listings compared to 14 back up in January, 201311 pending listings...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
REO Property for Sale in Newport Beach | Bank Owned Homes for Sale in Newport Beach Newport Beach REO home buyers  often face the challenge of competing with multiple offers on the properties. This is not only happening with REO property but with traditional sales as well.  Especially during this time, because there is such limited inventory in general. Also, Newport Beach REO  or bank owned home buyers are competing with cash buyers when making an offer on the home. Currently there are 3 active listings, 1 back up, 3 pending and there was 1 sale in February, 2013. The average sales price over the past one year is $724,263 and a price per square foot of $401.18. The median price for REO property in Newport Beach for the past one year is $570,470 and $359.51 per square foot. Comparison f...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Linda Isle in Newport Beach | Market Update | February, 2013 Linda Isle is a Newport Beach guard gated community which is located off Bayside Drive in Newport Beach. Linda Isle is in shaped like a horse shoe, and all the lay out of the homes are designed to be bay front. There are community activities in Linda Isle in Newport Beach including tennis for the resident's use. Linda Isle in Newport Beach is a highly sought after area with incredible Newport Harbor views. Currently there are 5 active listings on Linda Isle in Newport Beach, zero back up, zero pending sale, and there was no sales in February, 2013. The average sale price for the past one year is $3,603,750 with an average price per square foot of $875.32. Median price was $3,952,500 and a price per square foot of $954.20. 5 Ac...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Homes for Sale on Lido Isle in Newport Beach | Market Report Lido Isle Newport Beach | February, 2013 Lido Island in Newport Beach is a highly desirable community of homes in Newport Beach which is an island. Access to Lido Island is via a bridge going to Lido Island. Lido Island has bay front homes and many of these homes have slips available for their yachts. The bayfront homes located on Lido Isle in Newport Beach have incredible views of Newport Harbor. Many of these homes do have slips, however some are bayfront without slips. Currently, there are  12 active listings on Lido Island in Newport Beach, 1 in back up status, and 1 pending sales, and 4 sales for the month of February, 2013. The average sales price for the past one year is $2,435,440 with a price per square foot of $883.0...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Harbor View Homes in Newport Beach | Port Streets Homes for Sale The Port Streets in Newport Beach is an area which is referred to as Harbor View Homes in Newport Beach. The Port Streets in Newport Beach has approximately  1044 home sites, and these homes were originally built in the late 1960's to early 1970's. The Port Sreets homes are located in a great family area with  large custom homes. The homeowners association for the Port Streets is approximately $100 per month. Currently, there are seven active listings, 2 in back up, 4 pending and there was one sale in February, 2013. The absorption rate in Harbor View Homes is as follows: The average sales price of homes sold in the Port Streets in Newport Beach for past one year is $1,771,500 with a price per square foot of $602.17. The m...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
The Castaways in Newport Beach | Homes for Sale in the Castaways in Newport Beach Market report for the Castaways in Newport Beach, CA February, 2013. Newport Beach homes which are located in the Castaways are Cape Cod style homes. The Castaways in Newport Beach is a guard gated community.  The school district for the residents of the Castaways is Newport Mesa Unified School disrict, and the schools are: Mariners Elementary School (which is a highly desirable school), Ensign Middle School and Newport Harbor High School.  Ensign Middle School and Newport Harbor High School are located in close proximity to the Castaways in Newport Beach. There are 1 active listings in the Castaways in Newport Beach, and 0 in back up status, 1 in pending status, and 0 in pending, and there was 0 solds in ...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Big Canyon Homes for Sale | Big Canyon Newport Beach Market Update Big Canyon in Newport Beach is an extremely desirable area in Newport Beach. This market report encompasses the builder tracts of Big Canyon and there are a total of 6 builder tracts including Big Canyon Custom, Big Canyon Deane, Big Canyon Villas, Big Canyon McClain, Big Canyon Fairway One. Some of these tracts are gated, and there are some that are not such as Big Canyon Villas. If you are searching for a Newport Beach golf course home or a Newport Beach condo, consider Big Canyon. Search for Newport Beach golf course homes, and homes in a Newport Beach gated community in Big Canyon. The Big Canyon area in Newport Beach  is bordered by Ford Road, MacArthur, San Joaquin and Jamboree. Big Canyon is located on the Big Can...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Balboa Peninsula Point in Newport Beach | Balboa Peninsula Point Homes for Sale   Balboa Peninsula Point in a beautiful location in Newport Beach which is located on the Balboa Peninsula. Balboa Peninsula Point in Newport Beach is a highly sought after area in Newport Beach. Balboa Peninsula Point encompasses the homes from A Street to the end of the Balboa Peninsula. There are many options with homes on Peninsula Point with both  bay view homes and ocean front homes.  The homes that are ocean front are located on the beach. Currently, Balboa Peninsula Point in Newport Beach has 14 active listings, 1 in back up status, 1 in pending status, and there was 1 sale in the month of January, 2013. There are 14 active listings compared to 12 in January, 2013There is 1 in Back Up compared to 1 i...
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