About Newport Coast's Crystal Cove

People love Real Estate Market Statistics!

I did the research for Newport Coast and Crystal Cove Real Estate for the year 2009 up to January 10, 2010. The results are interesting.

If you are thinking about making a move, now is an excellent time to take a look at market value and activity. I'm here to help you estimate the market value of your home, or to help with a purchase strategy. Feel free to reach out to me. I'm here to help. It's what I do.

Where do you think Newport Coast and Crystal Cove home prices are headed?

Please hop over to my Blog to read the entire report and check out my nifty charts...

Real estate news released by DataQuick on December 16, 2008, reflected a 34.4% decrease of the average single family home sales price in Orange County.

With the interest in Crystal Cove Real Estate market trends, learning how Crystal Cove realty compares for the same time period, November 2007 to November 2008, is important for buyers and sellers of real estate.

Take a look at the charts below for Crystal Cove real estate. All of the charts reflect activity for single family detached homes in Crystal Cove, CA.

The first chart shows a Median Sold Price decrease of 100%. The reason for the sharp drop is due to the fact that zero homes were sold in the Month of November 2008.

The chart below shows the number of homes for sale has increased by 119%.

The chart below shows the supply of single family detached homes for sale has increased by 119%. The demand has decreased by 50%.

The next chart indicates the number of New Properties listed by month is up 50%.

And finally, the last chart shows the number of under contract properties is down by 100%. The reason for the sharp drop is due to the fact that zero homes went into contract in the Month of November 2008.

I have more charts available. Would you like to see more? All of them?

Armed with the information contained in these charts, what is your opinion of today's Crystal Cove real estate market?

Get the conversation started. Please leave a Comment.

I found an intriguing article for first-time home buyers. In truth, this article applies to all considering buying or selling real estate in today's market. Finally, someone who is not a real estate agent is agreeing with me - now is the time to start thinking about buying!

As a Newport Beach Realtor, when I start talking about buying now, some folks accuse me of just being another crazy Newport Beach real estate agent screaming, "Buy, Buy, Buy!" I'm not. I'll leave the screaming to Mr. Mad Money, Jim Kramer. I just know when the dust settles, down the road, some folks are going to look back and say, "Why didn't I get something back then?" It's especially true with Newport Beach real estate.

Let's hear from Ron Lieber of the New York Times and learn why, "It May Be Time to Think About Buying a House..."

Read more...

What's up with the street named Coral Cay in Crystal Cove? There are seven homes for sale on this street. One of them is going to be a deal for someone. At least by today's standards. Check out the listing information for 3 Coral Cay. This is an ocean view property in like-new condition on a large lot. Currently the price shows $3.995M. That's not a deal. But, wait, I received an e-mail this week stating the price is coming down to $3.250M. Whoa! That's a good price reduction! A good negotiator might even get it for less.

I can't find my crystal ball so, I can't tell you what's going to happen in the next year. But, for now, 3 Coral Cay is shaping up to be a deal in today's market.

Maybe seller resistance to realistic pricing in Crystal Cove real estate is finally starting to give way.

What’s up with the street named Coral Cay in Crystal Cove? There are seven homes for sale on this street. But, before you diss this street, take note, one of them is going to be a deal for someone. Check out the listing information for 3 Coral Cay. This is an ocean view property in like-new condition. Currently the price shows $3.995M. That’s not a deal. But, wait, I received an e-mail this week stating the price is coming down to $3.250M. Whoa! That’s a good price reduction! A good negotiator might even get it for less.

Finally, maybe the resistance to realistic pricing in Crystal Cove real estate is starting to give way.