Newport Beach, CA Real Estate News

By Sandra Carlisle (Ayers), Real Estate Marketing & Sales
(Berkshire Hathaway California Properties)
The time to take advantage of the opportunities in this market is now! If you have an interest in purchasing these types of properties, get your questions answered in a non-pressure environment! We are conveniently located in the loop outside of Fashion Island.  Nearest cross streets are Pacific Coast Highway and Avocado.  It will be an informative evening! FREE Short Sale & Foreclosure Seminar in Newport Beach   Seating is limited.  Again, this is free, so go ahead and bring your friends, family and investor partners.  CALL NOW to reserve your space!  (949) 500-0482 For more information on buyer or selling your Newport Beach home, call Sandra Carlisle at (949) 500-0482.  SORRY NO AGENTS
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By Mary Campbell
(Abrams Coastal Properties)
 This information I received today, it came from the Wall Street Journal. The article was written by Cyril Moulle-Berteaux.I love my job and I am a very positive thinker. I believe that negativity gets you know where. Yes times are tough right now but that doesn't mean to stop working. It means we have to work harder. Home sales are continuing close. I my self have had a fabulous first quarter. So when I read this article I thought i would share it with every one who thinks positive, and for those who dont, you should read this. It may change your mind.This is from the Wall Street Journal - Opinion Section - May 2, 2008The Housing Crisis Is OverBy CYRIL MOULLE-BERTEAUXMay 6, 2008; Page A23The dire headlines coming fast and furious in the financial and popular press suggest that the hous...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Beach's Best Kept Secret - Cherry Lake Cherry Lake is an area of Newport Beach which is located in the Santa Ana Heights area of Newport Beach. There are nineteen Newport Beach luxury homes located on the lake. These homes all have views of the Lake and enjoy the secluded and serene lifestyle of Cherry Lake. These luxury homes in Newport Beach have views of Cherry Lake from their homes, balconies, and docks. These luxury homes feature docks which are used for swimming, and paddle boats, and kayaks. There are beautiful views, and beautiful lily pads which grow in the lake. There is a movable dock with a slide for summer activities for children and adults alike. Enjoy the beach lifestyle, and the lake lifestyle living at Cherry Lake. Because there are so few homes located here, pr...
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By Mary Campbell
(Abrams Coastal Properties)
 One of the perks of my job as a Realtor is previewing properties for my clients. Every Friday we have Broker Preview in Newport Beach and some-days I can't help to be so grateful I live and I work here. Look at the view today from a bay-front home on Lido Island.Lido Island is in an ideal location. While it's one of the few spots in Newport where you can actually own a boat dock in front of your home. You are also close to shopping and walking distance to the ocean. Since January 1, 2008 10 homes have sold on Lido Island, 4 are pending sales and there are 33 available homes for sale. The average sold price on Lido so far this year is $3,384,000. Homes have taken on the average about 132 days to sell and the average sq.ft sold is $966.00. This is in a down market!!! Lido Island is a gre...
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By Mary Campbell
(Abrams Coastal Properties)
  This is Cherry Lake in Newport Beach. Most locals dont even know about it. It is a secluded spot across from the Back Bay with about 16 homes surrounding the lake. The lake is stocked with fish and it does have an aeration system to keep the water clean and bacteria free. There's a mobile slide which can be transported anywhere in the lake. You wont know you are in Newport Beach when visiting Cherry Lake, it feels like you are in the mountains. For more information about Cherry Lake feel free to contact me anytime!
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Sharon Paxson | Prudential California Realty | 949.280.0681 223 Lugonia Street, Newport Beach, CA 223 Lugonia Street, Newport Beach, California This three bedroom, two bathroom home is located in the Newport Shores area of Newport Beach. There a 3 Bdrm Single Family House offered at $1,050,000 Year Built 1963 Sq Footage 1,631 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 2 Parking 2 Covered spaces Lot Size 2,400 sqft HOA/Maint $43 per month DESCRIPTION This single family three bedroom, two bathroom home is located in Newport Shores of Newport Beach. This home is walking distance to one of the most beautiful beaches in Newport Beach. Enjoy beach living at it's finest, and the amenities of Newport Shores including a pool, tennis court, volley ball court and basketball court. For more inf...
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By Mary Campbell
(Abrams Coastal Properties)
 Move in Condition, 3 bedroom, 2,5 bath home, upgraded in the last year. CLose to Mariners Elementary, shops,and the ocean. For Lease $4,300 monthly. Best condition around!  
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Beach, California Area PhotosNewport Beach is a very diverse area with homes located on the sand, boardwalk, bay-front and on islands. Newport Beach has an area called the Balboa Peninsula which is literally a Peninsula with homes on both the oceanfront and the bay-front as well as the interior streets.This is a view of the Balboa Peninsula boardwalk looking towards the Balboa Pier. Balboa Island - Newport Beach Area PhotosBalboa Island is another area of Newport Beach which features the main island, the little island and Collins island. Photo of a unique home located on the bay-front on Balboa Island in Newport Beach.Looking out over the Grand Canal on Balboa Island. This Canal is located between the main island and the little island on Balboa Island in Newport Beach.View from ...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Market Trends for Newport BeachMarch, 2008This is a market trend of all the active properties, pending properties and sold properties on a monthly basis for the past twelve months. View this graph to look at current active properties, pending, and sold on a monthly basis for the past twelve months.  For more information on Newport Beach Real Estate, and should you have any questions about this market trend, please feel free to  contact me or visit my website at  www.sharonintheoc.com.
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By Mary Campbell
(Abrams Coastal Properties)
 I never thought I would see prices drop in Newport Beach, and really they haven't much! Living in Newport Beach is very special. You can't beat a beautiful day here. So if you are thinking of buying, now is the time..... I looked at past sales on the Multiple Listing Service.  I compared sales from March 2008 to March 2007 in Newport Beach, prices dropped 9.1%,  and in Corona Del Mar down 6.4%. Yes this is a drop, but not like the media claims. It's a slight decrease. Considering they were up 30% just a couple of years ago. If you are considering purchasing a home in Newport Beach do it before it goes up again. No one knows when that will be.  I will say that our Open houses have been extremely busy with buyers, our office is closing numerous sales weekly, and we are definately feeling...
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By Sandra Carlisle (Ayers), Real Estate Marketing & Sales
(Berkshire Hathaway California Properties)
Market Activity for Newport Beach, California - Zip Code 92660   Market Activity Index Absorption Rate is 13.0 Average number of closed sales each month is 24 Price Per Square Foot Prices appear to be back to 2005 levels and have been fairly stable for the past 4 months SOLD Inventory - Days on Market Current average DOM is 85 Active vs. Pending vs. SOLD While inventory is at seasonal high, levels are still lower than the peak in 2007     If you are thinking about buying or selling your home in Newport Beach, give me a call at (949) 500-0482 or send an email to SandraCarlisle@firstteam.com.     
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By Sandra Carlisle (Ayers), Real Estate Marketing & Sales
(Berkshire Hathaway California Properties)
Market Activity Update for Newport Beach, California - 92662   Active vs. Pending vs. SOLD Units While inventory is touching the sky, sales have more than tripled since the latter part of 2007 SOLD Inventory - Days on Market Current Average Days on Market (DOM) for sold properties is 114 Price per Square Foot Average Closed Price per Square Foot is just over $1100 Market Activity Index 42 homes are currently on the market There has been an average of 2 homes sold per month over the past year     If you are thinking about buying or selling your home in Newport Beach, give me a call and let's talk about how you can achieve your goals in today's market conditions.  I can be reached at (949) 500-0482 or by email at SandraCarlisle@firstteam.com.    
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By Sandra Carlisle (Ayers), Real Estate Marketing & Sales
(Berkshire Hathaway California Properties)
Market Activity Report for Newport Beach, California -  Zip Code 92661   Market Activity Index Absorption Rate 9.8 An average of 5 properties closed escrow each month over the past year Price per Square Foot History Last month's average closed price per square foot was $1098 SOLD Inventory - Days on Market The average Days on Market for home that closed escrow last month was 86 Active vs. Pending vs. SOLD Activity 9 properties closed escrow last month     If you are thinking about buying or selling your home in Newport Beach, let's talk about what the market is doing and how we can achieve your goals in the current market conditions.  I can be reached at (949) 500-0482 or by email at SandraCarlisle@firstteam.com.    
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By Sandra Carlisle (Ayers), Real Estate Marketing & Sales
(Berkshire Hathaway California Properties)
Market Activity Report for Newport Beach, California by Zip Code 92663   Active vs. Pending vs. SOLD Units Sales have slowed since being fairly steady throughout 2007 SOLD Inventory - Days on Market History Last months closed sale have and average days on market of 148 Price per Square Foot Closed price per square foot has been fairly steady since January of 2006 Market Activity Index Absorption Rate is 18.6 Over the past year, the average number of homes sold each month is 17     If you are thinking about buying or selling a home in Newport Beach contact Sandra Carlisle at (949) 500-0482 or SandraCarlisle@firstteam.com. 
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Open House - 223 Lugonia Street, Newport Beach         Today, April 19, 2008 there will be an open house from 1pm to 4 pm at 223 Lugonia Street in Newport Beach, California. This single family home for sale in Newport Beach is located in the Newport Shores area. Newport Shores is a community of approximately 440 homes located on the north end of Newport Beach off Coast Highway.  This Newport Beach home for sale features three bedrooms, two bathrooms, and an open living area when you walk in the home. There is a granite fireplace, a galley style kitchen, and  a breakfast noon. The master bedroom  is downstairs, and the two other bedrooms are located upstairs. There is a large private deck off one of the bedrooms. Walk across the street to one of the finest beaches in Newport Beach and en...
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By Stacey Harmon
(Harmon Enterprises)
Curious about the lowest and highest priced listings in Newport Beach?  This list covers the 5 lowest, and 5 highest properties as listed in the MLS for the Newport Beach market as of 4.18.08 in both the condo, and single family home categories.  For this list, the Newport Beach market is defined as the city of Newport Beach and includes the areas of Corona del Mar, Newport Coast, and Crystal Cove. Lowest PricedCondos$249,900 | 1100 Rutland Road, #11, 1 bd/1 ba  (REO Property - currently has in 3 offers - not surprising as this is an unheard of price in Newport Beach!)$325,000 | 200 McNeil Lane, #5  1 bd/1 ba$389,000 | 102 Scholz Plaza, 1 bd/1 ba$399,900 | 1256 Rutland Road, #2, 2 bd/2 ba  $415,000 | 200 McNeil Lane, #7  1 bd/1 baSingle Family Homes$789,000 | 20462 Santa Ana Ave, 2 bd/2...
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By Mary Campbell
(Abrams Coastal Properties)
  You can't beat a sunny day in Newport Beach. The weather has been exceptionally nice this weekend. Do you know how often it gets 93 degrees in Newport, in April?????? How about rarely! So I had to go on a walk this morning on Balboa Island and enjoy the views. I hope you do too! It is so peaceful. One of my favorite cottages. You should have seen this before the new owner fixed it up! The Pavilion. If you would like more information on Balboa Island please feel free to visit my website or call me. For Balboa Island homes for sale click here
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
The Newport Boat Show has begun, and this is a great weekend to come and view all the beautiful yachts that are now docked in Newport Harbor. The boat show is at Lido Marina in Newport Beach, and each year, docks are brought in to accommodate all the yachts that are on display and for sale.This boat show began on April 9, and goes through April 13th. The weather is beautiful in Newport Beach and it is a fun opportunity to walk around and learn about the different yachts. Eat lunch at one of the harbor side restaurants, and walk around and enjoy the boats.There is more information on the Newport Boat Show here. 
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Sharon Paxson | Prudential California Realty | 949.280.0681 223 Lugonia Street, Newport Beach, CA 223 Lugonia Street, Newport Beach, California This three bedroom, two bathroom home is located in the Newport Shores area of Newport Beach. There a 3 Bdrm Single Family House offered at $1,150,000 Year Built 1963 Sq Footage 1,631 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 2 Parking 2 Covered spaces Lot Size 2,400 sqft HOA/Maint $43 per month DESCRIPTION This single family three bedroom, two bathroom home is located in Newport Shores of Newport Beach. This home is walking distance to one of the most beautiful beaches in Newport Beach. Enjoy beach living at it's finest, and the amenities of Newport Shores including a pool, tennis court, volley ball court and basketball court. For more inf...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
218 Walnut Street, Newport Beach, California Newport Shores Home for Sale Just Listed! 5.2012 Offered at $1,099,000 Please contact me to view property! This Newport Shores home for sale has just been listed for $1,099,000 This four bedroom, three bathroom home located in the Newport Shores area of Newport Beach is a brand new listing. This home has been completely upgraded inside and outside. There is a water feature as you walk in the entry way. The home has a formal dining area, living room, breakfast noon and kitchen downstairs, The upstairs features four bedrooms, and the master bedroom suite opens onto a large private deck with a spa. For more information on this property, please view the property website at www.218Walnut.com This Newport Shores property located in Newport Beach is...
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