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Newport Beach, CA Real Estate News

By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
  Lido Island is a special part of Newport Beach CA - built originally during 1923 from the mudflats of Newport Harbor that were dredged.     Lido was the first master planned community in California and one of the first with underground utilities.         Lido Island homes and properties are popular for summer and year-round rentals and are often leased prior to start of summer each year. There are 3 homes listed for lease at Lido on CRMLS as of today (June 29, 2013):   756 Via Lido Nord - for lease at $15,500 per month - bay front location - MLS 13066283   751 Via Lido Soud - for lease at $11,000 per month - bay front location - MLS NP13124258     122 S. Via Ithaca - for lease at $6,000 per month - MLS L40396   Many of the about 850 Lido Isle homes are located on the waterfront at Ne...
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By Elite Home Sales Team, A Tenacious and Skilled Real Estate Team
(Elite Home Sales Team OC)
Newport Beach Fireworks Show July 4th; 1 pm parade start time (Gala from 7am - 11pm)        Spend a memorable Fourth of July along the water and under the stars at The Newport Dunes Waterfront Resort and Marina, host of Orange County's most spectacular seaside fireworks display for over 50 years. There are activities all around Newport Beach and a Fireworks Extravaganza at Newport Dunes in Newport Beach. At Newport Dunes in Newport Beach, there are family events throughout the day in addition to the Fireworks show at night.   Chili Cook-Off: 11:30-4:30 there is a $50 entry fee.   Judging begins at 1:00pm two Judges of choice with one guest judge chosen from a raffle at $5 per ticket. Winner to be announced at 2:00pm. Cash prizes will be awarded.    All American Food Eating Contest 12-4 ...
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By Tim Lorenz, 949 874-2247
(TIM LORENZ - Elite Home Sales Team)
  Newport Beach Fireworks Show July 4th; 1 pm parade start time (Gala from 7am - 11pm)        Spend a memorable Fourth of July along the water and under the stars at The Newport Dunes Waterfront Resort and Marina, host of Orange County's most spectacular seaside fireworks display for over 50 years. There are activities all around Newport Beach and a Fireworks Extravaganza at Newport Dunes in Newport Beach. At Newport Dunes in Newport Beach, there are family events throughout the day in addition to the Fireworks show at night.   Chili Cook-Off: 11:30-4:30 there is a $50 entry fee.   Judging begins at 1:00pm two Judges of choice with one guest judge chosen from a raffle at $5 per ticket. Winner to be announced at 2:00pm. Cash prizes will be awarded.    All American Food Eating Contest 12-...
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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 | May, 2013 Lido Island in Newport Beach is a highly coveted area 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  homes on 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  21 active listings on Lido Island in Newport Beach, 5 in back up status, and 1 pending sales, and 2 sales for the month of May, 2013. There were 48 sales in the past one year on Lido Island.  The average sales price for the past one year is $2,...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Shores Home for Sale | Broker Preview and Open House This fantastic property located in Newport Shores in Newport Beach has just been listed for sale. The property address is as follows: 233 Canal StreetNewport Beach, CA 92663 This spacious three bedroom, two and a half bathroom home is located on the Newport Shores Canal and features ocean views from the upstairs balcony. This turnkey property boasts luxurious amenities throughout its living space as well as natural light. There are Bamboo hardwood floors in the kitchen and formal dining area. The main living area is warmed by a fireplace. The living area opens onto a deck which overlooks the Newport Shores Canal. Enjoy gatherings with friends and family and enjoy indoor outdoor living at this beautiful Newport Shores homes for...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Shores in Newport Beach | Homes for Sale in Newport Shores in Newport Beach Just Listed!!  A completely upgraded and spacious three bedroom, two and a half bathroom home in Newport Beach for $1,799,000. This Newport Beach home is located on the Newport Shores Canal and features ocean views from the upstairs balcony. This turnkey property boasts luxurious amenities throughout its living space.     There are Bamboo hardwood floors in the kitchen and formal dining area. The main living area is warmed by a fireplace. The living area opens onto a deck which overlooks the Newport Shores Canal. Enjoy gatherings with friends and family and enjoy indoor outdoor living at this beautiful Newport Shores homes for sale. The deck features glass siding, and tumbled travertine flooring. The gou...
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By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
  Hyatt Regency at Newport Beach summer concert series 2013 ...     ...  kicks off on Friday evening, June 21, 2013 - with music entertainment by Michael McDonald.   Summer Concert Series is presented by COLDWELL BANKER PREVIEWS INTERNATIONAL.     
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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  is located in a beautiful 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. 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, 3 in back up status, 6 in pending status, and there was 1 sales in the month of May, 2013. There are 14 active listings compared to 17 in April, 2013There is 3 in Back Up compared to 2 in April, 2013There are 4 in Pending  compared to 0 in April, 2013 There were 1 solds compare...
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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 | May, 2013 Big Canyon in Newport Beach is a highly des 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. (Big Canyon has both custom homes and condos for sale). 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 a...
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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 | May, 2013 Balboa Peninsula  is a very sought after Newport Beach community.  The Balboa Peninsula has bay front homes, ocean front homes and there are both condos and single family homes 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 very desirable lifestyle.  Enjoy walking on the boardwalk, riding your bike and the beach. Currently, there are 32 active listings on Balboa Peninsula in Newport Beach, 8 in back up status, 2 pending, and a total of 14 sales during the month of May, 2013. 32 active listings compared to 35 in April, 20138 back up compared to 8 in April, 20132 pending listings compared to 2 in April, 201314 so...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Balboa Island Homes for Sale and  Market Update | May, 2013 Balboa Island in Newport Beach is a very desirable area of Newport Beach. Balboa Island consists of  three islands in Newport Beach and the islands include the main island, the little island and Collins Island. Collins Island in Newport Beach is a gated community and has only 8 homes located on it, and these homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly sought after area of Newport Beach. People move to Balboa Island because of the lifestyle. Balboa Island is a beautiful area of Newport Beach and unique charm, with close proximity to Fashion Island in Newport Beach, and take the ferry across to the Balboa Peninsula to visit the beach. In general, Balboa Island is showing a stable mar...
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By Michael Salas, 19 Years Selling Newport Beach Real Estate!
(KW | Newport Estates)
Why people are lining up to buy your home!   Today’s real estate market is very different than it was a year ago. Prices have increased rapidly over the past 6-8 months. In fact, the average home has gone up over 10% in the past year, a rate that is expected to continue for the foreseeable future. Low inventory combined with an increased number of people wanting to buy means that sellers are in the driver’s seat in today’s market.   I have a report which explains in detail why prices have gone up and why your home might be worth more than you think! The report is entitled “Think You Can’t Sell Your Home? Think Again!,” and I believe you’ll be surprised by when you download and read the report. Once you are done, contact me today for a free market analysis.
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Homes for Sale in Newport Beach | Newport Beach Homes for Sale Near Newport Elementary School   Are you searching for homes for sale near Newport Elementary School in Newport Beach? Many families move to the Newport Beach area to reside in the Newport Elementary School district. Newport El as it is commonly referred to is literally located on the beach. The playground is adjacent to the beach. The students and teachers can hear the waves breaking at this school. It is in an incredible location. The address is below. Newport Elementary School is located at:  1327 W Balboa Blvd Newport Beach, CA (949) 515-6965 If you are considering purchasing a home near Newport Elementary, please search below for the homes for sale in this area. This area includes Balboa Peninsula, Balboa Peninsula Poin...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
Newport Beach Real Estate News - Newport Beach Market Report Newport Beach real estate has come a long way since it began in 1906. Back then, bayfront houses sold for as little as $500. Today, homes in this area are priced in the millions of dollars as the area is considered prime, Pacific Coast property. Areas of Newport Beach include Corona Del Mar, Balboa Island, Lido, Newport Coast, San Joaquin Hills and Balboa Peninsula.     For those looking for a home along Orange County's Gold Coast, Newport Beach real estate offers choices for a variety of homebuyers. Luxury homes on the sand, bayside estates with yacht slips, elegant town homes on the golf course are all possibilities when it comes to Newport Beach homes.   The real estate market in Newport Beach is enhanced by a variety of en...
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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 Month of April, 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. This Newport Beach 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 7 active listings, 1 in back up, 2 in pending  and there was 1 sale during the month of April, 2013 Average sales price for past one year is $2,259,691 with a price per square foot of $587.10. Median sales price in One Ford Road over the past one year is $1,940,000 with a price per square foot of $572.45. There were a total of 2 short sales in the past one y...
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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 | April, 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,  fo...
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By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Newport Beach Short Sales | Market Update | March, 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 lender or bank  may request more than one BPO (broker price opinion) and obtain independent appraisals to help establish value. Currently there are 2 active listings, 4 in back up status, 8 pending and there were 4 sales in April, 2013 for Newport Beach short sales. 2 active listings compared to 3 active listings March, 20134 back up listings compared to 6 back up in March, 201...
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By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
Newport Beach is moving in a positive direction with home selling this year at Orange County CA real estate. 258 Newport Beach homes are listed for sale as of today - May 30, 2013 - with average list price at above over $3 million. 87 Newport Beach homes went into pending sale status during the past 30 days. So average market time that it would take to sell all Newport Beach homes at this rate is 2.8 months - which is faster than 4 months average same time one year ago. Newport Beach Homes Sold so far This Year 380 Newport Beach homes have sold so far this year - as of May 30, 2013, according to CRMLS - with average sold price of $1,530,505. The big difference between average sold price and average list price at Newport Beach is the result of so many homes sold in the buyer sweet spot ...
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By Scott Barr, Realtor
(Pacific Sotheby's international Realty)
Versailles Condos, Newport Beach Find similar condos for sale to the Versailles Condos, Newport Beach Wonderful, marvelous! are only a couple of words that describe the condos at Versailles. Located just four blocks from the Pacific Ocean and just around the corner from world renowned Hoag Memorial Hospital. With a Walk score of 83, shopping has never been better for your health. Bike down to the water and shop on the way back. All this and much, much more. Versailles Dwellings are Showroom Quality  At Versailles, there is a floor plan for every ones needs. Buyers can choose from 1 bedroom, 2 bedroom or 3 bedroom units. Built in the 70's pride of ownership is shared by all occupants.  Granite, marble exotic hardwoods, are found throughout the complex's. 1 bedroom condominiums boast of a...
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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 Market report for April, 2013. 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 2 active listings, 1 back up, 2 pending and there was 4 sale in April, 2013. The average sales price over the past one year is $845,924 and a price per square foot of $419.92. The median price for REO property in Newport Beach for the past one year is $650,500 and $372.99 p...
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