Home > Blogs > California > Orange County > Newport Beach > Big Canyon in Newport Beach | Market Update | July, 2012
64,065 views

Sharon Paxson's Blog

By Sharon Paxson | Agent in Newport Beach, CA

Big Canyon in Newport Beach | Market Update | July, 2012

Big Canyon in Newport Beach is a highly sought after area in Newport Beach. This market report encompasses all the builder tracts of Big Canyon and there are a total of 6. Some 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

The Big Canyon area 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 club

Currently, there are 14 active listings in Big Canyon in Newport Beach, one in back up status, 1 pending, 5 sales for the month of July, 2012.

Listings are down -2 since July, 2012
Back Up is up +4 since July, 2012
Pending is the same since July, 2012
Solds are up +1 since July, 2012

The absorption rate in Big Canyon shows 4.0 months for a three month trend, and overall low absorption rate with number of homes selling over the past one year. The market in Big Canyon is a seller's market.

The absorption rate is continuing to decline. Last month the one month absorption rate was 4.0 and now it is 2.8. It is a seller's market and with the low inventory, buyers need to consider putting their best offer on the table because it is not unusual to see multiple offers on property, or back up offers.

Absorption Rate, July, 2012
Big Canyon Market Update

Information Deemed Reliable but not Guaranteed

Courtesy of www.NewportBeachRealEstateCafe.com

Info taken from CRMLS

Do Not Use Without Permission

 

 One
Month

Three
Months 
Six
Months 

Twelve
Months 

Listings14141414
Sold 511 2142
AverageSold/Mo54 4 4
Month's Inventory2.83.84.04.0

Past months market reports:

June, 2012
May, 2012
April, 2012
February, 2012
January, 2012
December, 2011
November, 2011
October, 2011
September, 2011

Search the MLS for Big Canyon homes and condos for sale in Newport Beach, and Newport Beach real estate.

Originally posted at NewportBeachRealEstateCafe.com

POST
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer