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Home Buying in 92657 : Real Estate Advice

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  • Local Info3
  • Home Buying9
  • Home Selling0
  • Market Conditions0

Activity 9
Chris Kwon, Real Estate Pro in Newport Beach, CA
Wed Mar 12, 2014
Chris Kwon answered:
Hi Jim -

Why have you considered buying a home in Newport Coast and what is it that you are looking for? To give you an idea of the market trend:

SFR
Jan 2010 - Average Median Sales Price: $3,290,000
Jan 2011 - Average Median Sales Price: $1,950,000
Jan 2012 - Average Median Sales Price: $1,799,000
Jan 2013 - Average Median Sales Price: $3,298,000
Jan 2014 - Average Median Sales Price: $3,049,000
Feb 2014 - Average Median Sales Price: $2,749,000

As you can see, prices are up but we're not quite where we were in 2010. Newport Coast is a fantastic place to live. If you'd like to search the inventory, feel free to visit our website for luxury properties in the area (www.TheBoutiqueRE.com).

Chris Kwon
The Boutique Real Estate Group
3653 E. Coast Hwy
Corona Del Mar, CA 92625
949.427.1101
Chris.Kwon@TheBoutiqueRE.com
www.TheBoutiqueRE.com
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0 votes 19 answers Share Flag
Shadi Kian, Real Estate Pro in Lake Forest, CA
Tue Jan 14, 2014
Shadi Kian answered:
Hello Jack;
Aren't these Villas great?! These Villas are owned by Irvine Company and part of Pelican Hill Facility. Unfortunately, they are not for sale. But There are other similar Villa style homes available in the area such as Newport Coast, Corona Del Mar, Newport Beach and Crystal Cove that I can arrange for showing. If you decided to work with an upbeat, energetic and hardworking Realtor, please give me a call at 949-510-1955.
Regards,
Shadi Kian
Broker
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1 vote 5 answers Share Flag
Harrison K.…, Real Estate Pro in Irvine, CA
Wed Jan 8, 2014
Harrison K. Long answered:
Patrick,
You said that you want information about foreclosures, REOs, and short sales in Newport Beach, Newport Coast and Laguna Beach.
For distressed property information on homes not for sale, I recommend you check out www.PropertyRadar.com - an excellent site with public record information.
For information on distressed properties that are listed for sale, we can help you with that. Please see our property sites at www.LiveAtNewportBeach.com - and www.NewportCoastLive.com - or www.LiveAtLagunaBeach.com.
Contact me with your questions. Thanks.
Harrison K. Long, Realtor and broker associate, CA BRE 01410855, Coldwell Banker NRT, Newport Beach, CA.
949-854-7747
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0 votes 24 answers Share Flag
Ernie Capone…, Real Estate Pro in Corona Del Mar, CA
Fri Jul 19, 2013
Ernie Caponera answered:
Update July 2013, CDM prices have followed the recent trend upward and even surpassed it in some cases. Since January the average price increase as been an incredible 24% to 30%! Most notably has been the surge in R2 zoned properties in anticipation of tear down and building condos for huge investor/developer returns in this low interest rate, high demand environment.
The early July interest rate spike, though apparently short lived, has had an impact mildly slowing some sales but by the third week in July activity is as brisk has been in recent months and probably will continue through the fall at least.
Please check back with me for future updates, thanks.
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0 votes 6 answers Share Flag
Sandra Carli…, Real Estate Pro in Newport Beach, CA
Wed May 18, 2011
Sandra Carlisle Ayers answered:
Yes, the private access beach for both Cameo Shores and Shorecliff can be quite rocky, but it provides a great opportunity for children to explore virtually untouched tidepools. I';ve taken my son there many, many times and nothing compares to the dinner plate sized starfish and anemones and all the other ocean critters you can discover. Depending on the tides, there is plenty of sand to build castles and play.

Since access is fairly limited, it is also a nice quiet beach even during high tourist season. More often than not, we are the only ones there. Perfect for getting some sun with a good book. Many of the families in the neighborhood get together once a week during summer to picnic. I've even seen several birthday parties down there as well.

If I was looking for a beach where I could grab my board and hit the waves out the front door, then no, it's probably not a good choice for you.

Should you love amazing ocean views, the sound of waves crashing, incredible sunsets, larger homes and larger lots than other areas of CdM, then welcome home... You will also have many wonderful neighbors, easy access to either the Village or shopping up at Crystal Cove, a straight shot up Newport Coast to the 73 and when the kiddos are school aged, Habor View Elementary is #1 with API's of 950. (Ask me any questions about the school as my son attended Harbor View K-6.)
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1 vote 2 answers Share Flag
Debra Enos, Real Estate Pro in Huntington Beach, CA
Wed Jun 30, 2010
Debra Enos answered:
Your question is a few months old now, but you seem to be stirring things up around here. 18 Rockshore sold in June of 09 for $$4,420,000. List price is was $4,695,000. It was previously listed in November of 08 for $4,998,888.

There are various sections to it, the first level are condos and only a few floor plans, futher up you go there are semicustom and custom built homes. And empty lots incase you don't find what you want, you can build your own. Prices will vary between them, condo vs SFR. Square footage, Lot size, pools/spa, views, year built, plan or custom, and more.

Buyers agents must do their comps, review, adjust accordingly for lot and home size, adj for amenities, view, for starters - more depending on the property itself. The SFR in Crystal Cove can very from about 4000 to over 13,000 square feet.

Per MLS -as of today, there are 32 homes for sale in Crystal Cove. Only 1 is in Foreclosure process, and 2 are Short Sales. I search the MLS for REO/Foreclosure process SALES since 1/1/2010 - Non. Of the 32 listings - 5 are condos, listed from $2,195,000 to $2,750,000, and 28 Single Family Residents listed from $2,795,000 to $19,990,000. The two most expensive SFR were built in 2010 and are an excess of 13,500 sq feet - and that is the house, not the lot size. The smallest Single Family Residence is just under 3200 sq feet. The smaller condo listed about 2850 square feet - the largest condo listed is less than 3900 sq feet.
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0 votes 11 answers Share Flag
Mr. Blue, Home Buyer in Laguna Beach, CA
Sun Jun 6, 2010
Mr. Blue answered:
I've thought about it some more - my opinion is that this home could have sold only at the $2.4 million level.
0 votes 1 answer Share Flag
Thomas M Abe…, Real Estate Pro in Newport Beach, CA
Thu Aug 13, 2009
Thomas M Abercrombie answered:
Sailors, Newport Harbor, US flag on their helmets, close 2nd Laguna Breakers. Both classic old school tradiitional and solid landmarks in their cities. CDM, great history, just needs some more aging, will come in 30-40 years.

One note, we are parents of a NHHS alum.......
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0 votes 6 answers Share Flag
Jeremy Lehman, Real Estate Pro in Garden Grove, CA
Tue Jul 21, 2009
Jeremy Lehman answered:
I don't have the specific numbers in front of me, but the article is pretty straight forward in noting that high end home prices will continue to decline. Historically, the highest value properties are the last to normalize in a declining market. Simply put, there just isn't much demand for homes in this price range compared to the rest of the marketplace. Very few buyers can qualify for these homes and therefore you will have values declining until supply and demand can equalize. Another factor in looking at an area such as Newport Beach, is that home values are all over the place. With a range between $1,000,000 and $32,000,000, you can throw median price out as a way to evaluate what is going on in the market. Homes of the highest value have always taken a very long time to sell, sometimes years. Other market indicators to look at are the # of transactions, average days on market for different price ranges, notice of defaults, foreclosures, and # of properties currently for sale, pending (in escrow), and expired listings. This data is important in letting us know what is happening in the market.

Jeremy Lehman
Century 21 Beachside
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0 votes 1 answer Share Flag
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