Big Canyon in Newport BeachÂ 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 aÂ Newport Beach golf course homeÂ or aÂ Newport Beach condo, considerÂ Big Canyon.Â Search forÂ Newport Beach golf course homes, and homes in a Newport Beach gated community in Big Canyon.
TheÂ Big Canyon area in Newport BeachÂ Â is bordered by Ford Road, MacArthur, San Joaquin and Jamboree.Â Big CanyonÂ is located on theÂ Big Canyon golf courseÂ at theÂ Big Canyon Country ClubÂ which is a members only club
Currently, there are 14 active listings inÂ Big Canyon in Newport Beach, one in back up status, 1 pending, 5 sales for the month of July, 2012.
TheÂ absorption rateÂ in Big CanyonÂ 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 ofÂ www.NewportBeachRealEstateCafe.com
Info taken from CRMLS
Do Not Use Without Permission
|Sold||Â 5||11||Â 21||42|
|AverageSold/Mo||5||4||Â 4||Â 4|
Past months market reports: