Newport Beach, CA Real Estate News

By Sharon Paxson, Newport Beach Real Estate
(Compass)
The Wedge in Newport Beach This photo was taken the day before the waves got really huge at the Wedge in Newport Beach as a result of Hurricane Marie. The surfer got a great ride on this wave. The waves are expected to be big again this weekend as a result of Tropical Storm Norbert, but they are not expected to be as large as last week! Hope you all have a great Wednesday!
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
How frustrating is it, when you find a home you like on line, and then you discover it is no longer available. . You have done all your due diligence, met with a lender, obtained a pre-approval letter, selected which Realtor is going to represent you, and now it is time to start looking for property. Times have changed significantly, and home buyers can begin their home search right at home or on their smart phone. Many Real Estate websites have what is called IDX - internet data exchange - which shows the listings right on that website. Newport Beach Real Estate has a home search option. There are several different statuses that are available, and the purpose of this post is to explain the different status that you may encounter when searching for a home for sale. Active: means the pro...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
High Surf Advisory in Newport Beach As a result of Hurricane Marie, there is a high surf advisory which began today at noon and will be in effect until Friday evening. The waves were already pretty large today and are expected to be bigger tomorrow. These photos are from the Wedge in Newport Beach and they are expecting to have waves as large as 20'. They were not that big today, however, they were very powerful. Lifeguards were on duty and kept the crowds back. Really with these conditions, they are only for the experienced body boarder, body surfer or surfer. Here are some photos from today, and I will be going back this week to take additional photos to share. Please, if you are an inexperienced swimmer, do not even attempt to swim or go out in this incredible surf. Originally posted...
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By Pete Xavier, Outstanding Agent Referrals-Nationwide
(Investments to Luxury)
      Newport Beach Real Estate Now   The market has softened a little in Newport Beach bringing you some true values in the condominium market including Townhouse style!   Current Inventory:   2 Units-Townhouses both two & three bedroom 6 Units-Condos that are not Townhouse style  both two & three bedroom   All are between $409,000 to $495,000   Call Jasmine 714.459.2017          Pete X & Associates Realty ONE Group CA-BRE:01878341 CA-BRE:01925275 "Your Newport Beach Real Estate Advocates"
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By Pete Xavier, Outstanding Agent Referrals-Nationwide
(Investments to Luxury)
      Newport Beach Real Estate Now   262 Single Family Residences 81 Condominiums including Townhouse style   Two Realtors ready to show at 1p.m. or after today!   Call Jasmine 714.459.2017      Pete X & Associates Realty ONE Group CA-BRE:01878341 CA-BRE:01925275                                     "Your Newport Beach Real Estate Advocates!"
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Big Canyon Homes for Sale | Big Canyon Newport Beach Market Update | July, 2014 Big Canyon in Newport Beach is a highly desirable newport Beach community.  This market report includes the builder tracts of Big Canyon and there are a total of six builder tracts  which includes Big Canyon Custom, Big Canyon Deane, Big Canyon Villas, Big Canyon McClain, Big Canyon Fairway One. (Big Canyon has both custom homes and condos for sale). Some of these tracts are Newport Beach gated communities.   Stats as of July, 2014 Active listings 16 Back up listings 3 Pending listings 2 Sold listings 8 Stats are as follows: Average sales price in July, 2014 $1,960,689 Average price per square foot $601.92 Median sales price April, 2014 $1,500,000 Median sales price per square foot $552.08 The absorption rat...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Bayshores Houses for Sale in Newport Beach | Homes for Sale in Bayshores in Newport Beach July, 2014 Market Update Bayshores is a highly desirable Newport Beach community located in Newport Beach. The community of Bayshores has  approximately 252 homes and it is located off Coast Highway in a guard gated community. There are bay front homes which have great views of Newport Harbor.  Bayshores is a highly sought after area in Newport Beach. There are also community activities for the residents. Status as of July, 2014 5 active listings 0 in back up status 0 in pending 0 sale in July, 2014 Pricing stats below: Average sales price of $3,707,000 Average price per square foot of $1,180.06 Median price of $2,525,000 Median price per square foot of $1,077.04 The absorption rate for Bayshores i...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Balboa Peninsula Point in Newport Beach | Balboa Peninsula Point Homes for Sale Market update for July, 2014  Balboa Peninsula Point  is located in a highly sought after location in Newport Beach on the Balboa Peninsula. Balboa. Balboa Peninsula Point encompasses the homes from A Street to the end of the Balboa Peninsula. Peninsula Point is located on Balboa Peninsula Point are bay front homes,  and ocean front homes. Balboa Peninsula Point is home to the Wedge. The wedge is known for huge waves at certain times. Currently, Balboa Peninsula Point in Newport Beach has the following: 14 active listings 2 in back up status 1 in pending status 4 sales in the month of July, 2014 Sales stats for month of July, 2014 as follows: Average sales price for the past one year is $3,572,500 Average pr...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Balboa Peninsula in Newport Beach | Market Update | July, 2014 Balboa Peninsula  is a very desirable area in Newport Beach. The Balboa Peninsula offers diverse living with condos and single family homes. There are bay front homes, ocean front homes and there are both condos and single family homes for sale. Consider living in a Balboa Peninsula condo, Newport Beach oceanfront home or even consider living on the bay front. Currently, there are 31 active listings on Balboa Peninsula in Newport Beach, 6 in back up status, 4 pending, and a total of 8 sales during the month of July, 2014. Average price for the past one year was $2,997,742 Average price per square foot of $1,204.41 Median price was $2,300,000 Median price per square foot of $1,078.13 Average DOM 99/161 The absorption rate is ...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Balboa Island Homes for Sale | Market Update | July, 2014  Balboa Island is a highly sought after area of Newport Beach. Balboa Island in Newport Beach consists of  three islands in Newport Beach and the islands include the main island, the little island and Collins Island. Buyers move to Balboa Island because of the unique lifestyle and incredible location. Balboa Island has unique charm, with the vert close location to upscale shopping and dining in Newport Beach. It is a ferry ride across to the Balboa Peninsula.   The statistics for Balboa Island are as follows for the month of July, 2014: Active: 16 Back up: 5 Pending: 1 Sold:        4 Average sales price for month of July, 2014 is $2,926,369 with a price per square foot of $1,239.35 Median sales price for month of July, 2014 is $2...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Homes for Sale in Newport Island in Newport Beach | Newport Beach Real Estate  Newport Island is an island in Newport Beach located off Balboa Boulevard and 38th Street in west Newport. It is a charming area of  homes. Some of the homes are bay front, and there are interior homes as well. There are approximately 109 homes located on Newport Island.   Newport Island  is walking distance to the 38th Street Park.  Search the MLS for homes for sale on Newport Island in Newport Beach, and Newport Beach homes for sale.  Other Newport Beach, CA Neighborhoods  Balboa Coves Cliffhaven Newport Coast Balboa Island Corona del Mar Newport Island Balboa Peninsula Dover Shores Newport Shores Balboa Peninsula Point Eastbluff Newport Terrace Bay Island Granville One Ford Road Bayshores Harbor Ridge Port...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Bayshores is a guard gated community located in Newport Beach. The community of Bayshores has  252 homes and it is located off Coast Highway and near Dover, Bayshores is a highly sought after community. Bayshores features single family homes, and some of the homes are located on the bay with incredible Newport Harbor views. Bayshores in Newport Beach features two private beaches, park, children's playground, BBQ area and guest dock, making Bayshores one of the finest neighborhoods in Newport Beach. Bayshores has community activities throughout the year, and during the winter months, it is an ideal place to watch the Newport Harbor Christmas Parade of Lights. If I can answer any other questions about Bayshores, please contact me. Search the MLS for homes for sale in Bayshores in Newport ...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Balboa Island Homes for Sale | Speechless Sunday I was out on broker preview this past week, and there was a home on preview on Collins Island which is located off Balboa Island (main island) in Newport Beach. I walked and took some photos, and I never get tired of the incredible view. This is taken from Balboa Island looking towards Bay Island in the distance. Search the MLS for Balboa Island homes for sale in Newport Beach. Have a great weekend!
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Newport Terrace in Newport Beach | Condos for Sale in Newport Beach Newport Terrace is a condominium community which is officially located in Newport Beach. However, the only way to arrive in Newport Terrace in Newport Beach is by driving down 19th Street through Costa Mesa. It is located Newport Beach located in the Costa Mesa area, and very near the Talbert Preserve. There are 281 homes in Newport Terrace, and there are three floor plans available. There is a one level condo with two bedrooms, and there are two floor plans each with three bedrooms and two bathrooms. Each of the condos have their own single garage space, as well as a carport. It is not a gated community. There is a community pool for the residents of Newport Terrace in Newport Beach. Newport Terrace has recently underg...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
  Homes for Sale on Lido Isle in Newport Beach | Lido Isle Houses for Sale Lido Isle in Newport Beach was originally incorporated 1906. Lido Isle is a beautiful area of Newport Beach and many of the homes are bay front, and many have slips also. Lido Island in Newport Beach is located in the West Newport Beach area, and off Via Lido. You cross a bridge to arrive on the island, and it is actually an island. There is the Lido Isle Yacht club for the exclusive use of the residents, and there are also tennis courts for the resident's use also. Lido Island in Newport Beach is a very upscale neighborhood. There are bayfront homes located on Lido Island in Newport Beach, and many of the homes feature slips for their yachts.  It is an easy walk or bike ride to the beach, and to dining and shopp...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Newport Shores is located on the west side of Newport Beach and literally across Coast highway from one of the finest beaches in Newport Beach. Newport Shoreshas approximately 440 homes located in the area. Most of the homes are single family, however there are some duplexes. Newport Shores also has a community clubhouse, pool, tennis court, sand volley ball court, basketball court and two play areas for children. When you reside in Newport Shores, it is definitely the beach life style. You can easily ride your bike to the Newport Pier or the Huntington Beach Pier. Below is the the Newport Beach pier. Newport Shores has the most beautiful sunsets. The inventory of homes has been down this summer. Search the MLS for Newport Shores homes for sale.  
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Newport Beach Homes for Sale in Balboa Coves | Balboa Coves in Newport Beach Balboa Coves is a gated community located off Coast Highway in Newport Beach. There are approximately 68 home sites located in Balboa Coves. The Newport Beach homes in Balboa Coves are located on the bay, and one of the coves in also has a sand beach. Balboa Coves in Newport Beach is located on the inside of Newport Boulevard, and although there are boats that are in Balboa Coves, the bridge is not high enough to allow a sailboat with a mast to pass under it. So most of the boats are either Duffy’s or power boats. Balboa Coves in Newport Beach is a desirable area, and it really is a beautiful community. There are beautiful bay front homes for sale in this Newport Beach community. Walking distance to an excellen...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
Are you considering selling your Newport Beach home.  Does your home have deferred maintenance? You are planning on selling your Newport Beach home, and don't want to invest the extra money to repair items on the home that need attention. You might want to think again!  In most cases, buyers will perform a home inspection and when they do, any deferred maintenance will show up. The inspector will document and take photos of it, about all the systems of the home including HVAC, plumbing, electrical, kitchen appliances, etc. If you know that there is are items which need to be addressed such as a plumbing leak - I HIGHLY recommend that this be addressed. A concern would be if a buyer wants to purchase the property and they start to see "things" that need to be addressed, and the buyer wil...
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By Karen Fiddler, Broker/Owner, Orange County & Lake Arrowhead, CA (949)510-2395
(Karen Parsons-Fiddler, Broker 949-510-2395)
Orange County Golden Foodie Voting Starts August 3, 2014     It's here again, time for Orange County, California to vote for their favorite local restaurants. Every year, the Golden Foodie Awards highlights local chef-driven restaurants in Orange County.  This is a unique event, the local community can go online and vote for their favorite places. There are categories for Mexican (of course), Sushi and Burgers...these would be expected. But there are unique categories as well. Who makes the most delicious dessert?Which restaurant has the best beer line-up?Who is your favorite bartender?Where is the best cocktail?  Many others too! If you can eat it, there is probably a category for it! Voting is done over the next 3 weeks, beginning August 3 and ending August 23 with different categorie...
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By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
People love Newport Beach CA where homes near the Harbor, the Back Bay, and beaches are some of the most popular for buyers in this city famous for residential living and investment.   Newport Beach CA homeowners like recent selling prices and solid values.  81 Newport Beach homes have sold during first 29 days of July 2014.  Average sold price for those July 2014 was $1,662,385 – and average time on market for those sold homes was 87 days. 84 Newport Beach homes sold during same time last year – first 29 days of July 2013.  Average sold price was $1,525,065 - and average time on market for those sold homes was 74 days. So Newport Beach average home selling prices are up almost 9 percent during this time in July 2014 as compared with the same time last year in July 2013. Newport Beach n...
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