Newport Beach CA Home Selling and Market Values Update

Newport Beach CA Home Selling and Market Values Update

Newport Beach home selling market update for the month of July 2013 shows stability and similarity in numbers as compared with July 2012.

Newport Beach CA home selling

98 Newport Beach homes were resold during July 2013 – with average sold price of $1,517,392 –  average interior size of 2,203 sf – and average time on market at 117 for the solds.

102 Newport Beach homes were resold during same time last year – July 1 to 31, 2012 – with average sold price of $1,516,477 – and average interior size of 2,586 sf interior.

Average time to sell Newport Beach homes at under $1.5 million this year was faster – and average time to sell homes over $2 million was slow – with some high-priced luxury estates not selling and being removed from the market.

261 homes are now listed for sale at Newport Beach – as of August 8, 2013 – with average asking price of $3,097,705 – and average size of about 3,000 sf interior space.

See Corona del Mar homes for sale – click here.

119 Shorecliff Road, Corona del Mar – listed at $5,525,000 – MLS U12001949

 

See Newport Heights homes for sale – click here.

 

Balboa Island homes for sale – click here.

 

Eastbluff homes for sale – click here.

 

Lido Island homes for sale – click here.

 

People ask us for more information about Newport Beach Orange County CA home selling and price values.

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By Harrison K. Long.  Source of information is CRMLS and IDX links and is for homes sold by all brokers and agents.

Connect with us at 949-854-7747 with your questions about Newport Beach and Orange County CA homes and real estate.

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Corona del Mar CA Real Estate Update

Corona del Mar CA Real Estate Update

Lookout point at Corona del Mar

Corona del Mar at Newport Beach CA is one of the almost perfect places – never too hot and seldom too cold –  a most sought-after village for residential living and investment in South Orange County.

CDM real estate update for second quarter 2013 shows amazing balance in sales and prices when comparing first half of 2013 with first half of 2012.

For first six months of this year from January 1 to June 30, 2013 – Corona del Mar had 135 homes sold.  Average sold home price was  $1,947,833 during that time – and average interior size was 2436 SF interior.

During same time last year first six months of 2012 – Corona del Mar sold 136 homes (amazing that number of sales was almost the same 2012 v. 2013).  Average sold price last year 2012 was $1,962,463.

So Corona del Mar homes and real estate sales and prices have been steady – when comparing first part of 2012 with first part of 2013.

Corona del Mar now has 73 homes listed for sale as active on the MLS –  with average asking price of $2,061,690 – average interior size of 2,231 SF interior.

CDM real estate has average market time it would theoretically take to sell all homes now listed at 3.6 months.

Corona del Mar CA real estate looks balanced these days with good opportunities for buyers and sellers.

Corona del Mar main beach

Corona del Mar real estate

Source of some information is CRMLS.

Contact us about Corona del Mar and Newport Beach CA homes and real estate information.

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Eastbluff at Newport Beach Homes and Real Estate Update

Eastbluff at Newport Beach Homes and Real Estate Update

Back Bay views from Eastbluff

Eastbluff at Newport Beach is a community with homes designed nd built between 1966 and 1978, which have been very popular with buyers and residents over the years.

Eastbluff is located on the east side of Newport Beach’s Upper Back Bay – and many of the homes have views of the bay and sunsets.

Eastbluff real estate update for second quarter 2013 shows continued buyer demand at this community.

For first six months of this year from January 1 to June 30, 2013 – Eastbluff at Newport Beach had 50 homes sold.

Average sold price was $1,054,187 during that time – and average interior size was 2,125 SF.

During same time last year – first six months of 2012 – Eastbluff sold 49 homes – with average sold price of $829,285.

So Eastbluff homes and real estate got healthy so far this year with price increase of 27 percent – as compared with last year.

Eastbluff at Newport Beach

Eastbluff now has 9 homes active and listed for sale on the MLS – which range from Bluffs condo home with asking at $799,000 – up to an estate home on Carob with asking price at more than $3 million.

Eastbluff at Newport Beach is getting balanced these days with opportunities for both buyers and sellers.

Eastbluff park

Eastbluff at Newport Beach is getting balanced these days with opportunities for both buyers and sellers.

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Connect with Us for information on why now continues to be an excellent time for Eastbluff and Newport Beach owners to list and sell.

Source of some information is CRMLS.

People ask us about listing and sale of Newport Beach CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Newport Beach and Orange County, CA.

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Lido Island at Newport Beach CA Homes for Lease

Lido Island at Newport Beach CA Homes for Lease

Lido Island at Newport Beach

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 at Newport Beach

 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

756 via lido nord

 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 Newport Harbor – some with boat docks designed and constructed for large yachts and sailboats.  Lido Isle residents enjoy the Newport Harbor ambiance – while many are sail and powerboat enthusiasts.

Lido Island is an important part of Newport Beach CA and its harbor paradise.

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Professional REALTOR® agent representation and help for administrators and executors, probate and trust attorneys, estate planners, income tax professionals, fiduciaries, trustees and heirs, with listing and sale of properties at Newport Beach and Orange County, CA

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Some information here is from California Regional MLS and is for listings by all brokers.

Contact us about homes and properties at Newport Beach CA Real Estate.

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Hyatt Regency Newport Beach Jazz Festival 2013

Good music and fun expected

Hyatt Regency Newport Beach Jazz Festival 2013

Newport Beach Jazz festival

May 31, 2013 – June 02, 2013

Location – Hyatt Regency, 1107 Jamboree Road, Newport Beach, CA 92660

Newport Beach jazz festival

info@hyattconcerts.com

at Hyatt Regency Newport Beach

See event website –  or  www.VisitNewportBeach.com 

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Home Sellers Need to Be Careful About List Pricing

Home selling strategy

Home selling markets at Orange County CA real estate continue to be hot and need more sellers and for sale listings.

Sellers have the advantage during this time.

However, fundamental advice to home sellers is still “PRICE YOUR HOME TO SELL” – and stay away from temptation to go for a too-high vanity price. Continue reading

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Trustee Auctions After Foreclosure at Newport Beach CA Real Estate

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 foreclosure inventories

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Short Sale Requests Won’t Stop the California Non-Judicial Foreclosure Process

Some homeowners with mortgages are underwater here at Orange County CA and are considering possible short sale – or doing a strategic default and walking away.

NON-JUDICIAL FORECLOSURES IN CA

New California foreclosure laws informally named the “Homeowner Bill of Rights” went into effect on January 1, 2013.

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New California Law Will Require Sellers to Disclose Gas and Hazardous Liquid Pipelines

California required disclosures

New California law requires disclosing Gas and Hazardous Liquid Transmission Pipelines

Every contract for the sale of residential real property must contain a specified notice regarding gas and hazardous liquid transmission pipelines.

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How to Transfer Your Home’s Property Tax Basis to a Replacement Home at Orange County CA

Property tax

People who want to sell a house at Orange County and buy a replacement house ask us how they can protect and transfer their prior property tax basis.

Ad valorem property taxes in California are primarily guided by what is set forth in California Proposition 13, a constitutional amendment enacted by voters during 1978.  CA proposition 13

Annual property taxes according to Proposition 13 to be paid by owners are generally equal to one percent of assessed value each year.  (This assessed value can be increased by as much as two percent per year by the county assessor.)

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