Welcome to Localism

Newport Beach Short Sale - By the Numbers

02-10-10

Christine Donovan Costa Mesa Real Estate Broker/Attorney 800-610-7253 DRE01267479

view my blog
Office: (800) 610-7253

Over the past few years, Orange County has seen a large decline in median home values. Newport Beach, though perhaps more insulated from the decline due to its location next to the coast, has also seen a decline, and this becomes more obvious when looking at the number of short sales.

Only 44 of the 472 homes for sale in Newport Beach, short sales, meaning that less than 10% of the homes for sale are short sales. When compared to other local cities, this is a much smaller number.

When looking at the homes that are currently in escrow or under contract, however, the number of short sales take a huge jump. 53 o the 110 homes in escrow in Newport Beach, or nearly 50% are short sales.

When viewing the number of homes that have sold in the last 12 months, we again see a number closer to 10% as only 64 of the 600 or approximately 11% of those homes were short sales.

Why is there such a discrepancy between active sales, closed sales and those in escrow? One reason is that there is a great deal of congestion in the short sale process. Lenders may take as many as six months and sometimes more to approve a short sale. As a result of this lengthy process, the buyer may get tired of waiting and walk away from the purchase, or the seller may wait months and months only to find that the lender declines his request.

If you are facing foreclosure, can you make sure your make the right decision? You can make sure that you understand all of your options.

Please contact us at 714.319.9751 to discuss your options if you owe more on your home than it's worth and are facing foreclosure. We will schedule a free consultation to help you understand your options. Don't be one of the seven in ten people in foreclosure who do not talk with a professional to learn what they can do.

2 Comments

Newport Beach Junior Lifeguards Try-Outs are Under Way!

02-09-10

Sharon Paxson Newport Beach Real Estate

view my blog
Office: (949) 219-2485

Mobile: (949) 280-0681

Newport Beach Junior Lifeguard Try-Outs Under Way!

newport beach junior lifeguard monster mile

The Newport Beach Junior Lifeguard Try-Outs are under way at Newport Harbor High School Pool. The dates of the try-outs are found below:

Sunday, February 7th – 9:00am – 12:00pm

Sunday, February 14th – 9:00am – 12:00pm

Tuesday, February 16th – 7:00pm – 8:30pm

Sunday, February 21st – 9:00am – 12:00pm

Tuesday, February 23rd – 7:00pm – 8:30pm

Sunday, February 28th – 9:00am – 12:00pm

There are still have several more opportunities to try out and this is a reminder of the dates. The try-outs are for the program which begins in June, 2010. Find more information about the Newport Beach Junior Lifeguard try-outs at the Newport Beach Junior Lifeguard website. The time requirements for the swim try-outs are as follows:

“A” (14-15 year olds): 1:35 (one minute, 35 seconds)

“B” (12-13 year olds): 1:40 (one minute, 40 seconds)

“C” (10-11 year olds): 1:45 (one minute, 45 seconds)

“D” ( 9 year olds): 1:55 (one minute, 55 seconds)

Below is a photo from a previous activity the Junior Lifeguards participated in. The Junior Lifeguards were on paddle boards at the Balboa Pier.

newport beach junior lifeguards paddle boards

If I can answer any questions about Newport Beach Junior Lifeguards, or the requirements, please contact me.

Phone or Text: 949.280.0681

Email: Spaxson@roadrunner.com

Originally posted at NewportBeachRealEstateCafe.com

0 Comments

Newport Beach Water Taxi

02-09-10

Trista Bouchard

view my blog
Office: (949) 500-1719

Newport Beach officials to discuss Newport Beach CA Water Taxi

Water Taxi

Tonight, Newport Beach officals will discuss whether or not to put the issue of a Newport Beach Water Taxi in front of residents and business owners.

Newport Beach Water Taxi service could start as early as this summer.

Share your thoughts about the Newport Beach Water Taxi.

Will you use the Newport Beach Water Taxi? lifeguard tower

Do you use the current ferry? Do you think the Newport Beach Water Taxi will be competition for the ferry?

Marina del Rey currently operates a water taxi during the summer months.

In this economy, will all of the layoffs, short sales, and foreclosures, do you think there is a need for a Newport Beach water taxi? Of will it help bring revenue to the city?

For a fun outing, try renting a Duffy Boat!

2 Comments

Balboa Island zip code looks very different from Lido Isle zip code Check it out!

02-08-10

Mary Campbell

view my blog
Office: (949) 219-2453

Mobile: (714) 318-1880
Secondary: (949) 644-6200

The median list price for the Balboa Island zip code is $2,595,000 compared to the Lido Isle zip code at $2,195,000. Both these communities are on the water in Newport Beach. Why the difference? I'm not sure. Maybe it's the fact that Balboa Island is more of a little city. It not only has residential properties but you will also find many retail shops and restaurants on Marine Avenue. Lido Isle is only residential. Although not far from the Lido Village shops! At times prices were about the same at both locations but today Balboa Island is pricier. Take a look!

Balboa Island 92662 and Lido Isle 92663

Real Estate Market Chart by Altos Research www.altosresearch.com

Take a look at the inventory for both zipcodes

Real Estate Market Chart by Altos Research www.altosresearch.com

For more information on Balboa Island or Lido Isle feel free to contact me, there is no obligation!

0 Comments

Notice Of Default And Trustee Sales Over a Million Dollars in Newport Beach,CA

02-08-10

Ron Holborn -Fullerton,Orange County,Ca

view my blog
Office: (714) 525-0900 x338

Mobile: (714) 469-8198

Newport Beach leads Orange County with the most million dollar mortgages in foreclosure.Are the sellers just unmotivated to make those big payments.

Wednesday
2/10/2010 12:00:00 PM

Address:	20 TALMONT UNIT 157
City:	NEWPORT BEACH
State:	CA
Zip:	92657
County:	Orange
APN:	934-33-133