Lido Island Market Update, November, 2011

Lido Island in Newport Beach is a beautiful community of homes in Newport Beach which is actually an island. There is a bridge going to Lido Island, or Lido Isle as it is also referred to as. Lido Island has bay front homes and many of these homes have slips available for their yachts. There are also spectacular interior homes which are located on the stradas. Lido Island in Newport Beach is a highly sought after community.

Lido Island has community tennis courts for the exclusive use of the residents, and also has the Lido Island Yacht Club, and there is sailing for the children during the summer months.

Currently, there are 24 active listings on Lido Island in Newport Beach, one in back up (this is a short sale), and there were three sales during the month of November.

The only distressed property listed on Lido Island in Newport Beach is the short sale which is in back up status.

Listings are down -2 since October, 2011

Back Up Status is down -2 since October, 2011

Sold property is the same as October, 2011.

Sold property on Lido Island is up +2 from October, 2010.

Based upon the absorption rate, Lido Island in Newport Beach and the months of inventory, is still a buyers market.

Search the MLS for Newport Beach homes for sale on Lido Island, and Lido Island Homes for sale in Newport Beach.

Originally posted at NewportBeachRealEstateCafe.com