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Sharon Paxson Newport Beach Real Estate

Lido Island Market Update | January, 2012

Lido Island Homes for Sale in Newport Beach | Market Report December 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.

Lido Island home for sale

The bayfront homes located on Lido Isle in Newport Beach have incredible views of Newport Harbor. Many of these homes do have slips, however there are some that do not.

Currently, there are 21 active listings on Lido Island in Newport Beach, 4 in back up status (one property in back up is a short sale), and one in pending. There were no sales in the month of January, 2012. The only distressed property on Lido Island in Newport Beach is the one in back up status.

Lido Island market report

Listings are the same from December, 2011
Back Up is up +1 from December, 2011
Pending is up +1 from December, 2011
Sold properties are down -1 from December, 2011

There is an approximate absorption rate of 9.7 months which indicates a buyers market. The listings have remained the same in the past month which may be a result of the end of the holiday season also. The first month does not indicate a trend, especially because there were no sales in January, 2012.

Lido Island absorption rate

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

Originally posted at NewportBeachRealEstateCafe.com

Balboa Island in Newport Beach - Market Update - January, 2012

Homes for Sale on Balboa Island in Newport Beach | Balboa Island Homes for Sale

Balboa Island in Newport Beach is a man made set of three islands in Newport Beach and they include the main island, the little island and Collins Island. Collins Island in Newport Beach is a gated community and has only 8 homes located on it. The homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly sought after area of Newport Beach.

If you are considering making a visit Balboa Island in Newport Beach, then you can take the Balboa Island Ferry which makes a very short journey from the Balboa Peninsula in Newport Beach. It is about a 3 or 4 minute trip, but extremely enjoyable. The ferry transports three autos, bicycles, and pedestrians. Living on Balboa Island allows the residents to enjoy the bay, and it is a quick trip over to the Balboa Peninsula takes you to the sandy beaches and waves.

balboa island in newport beach

Currently there are 25 active listings on Balboa Island in Newport Beach (including the Little island and Collins Island), 1 in back up (short sale), 1 pending, and there were 3 sales in January, 2012.

Balboa Island Market market report

Listings are up +10 from December, 2011
Back Up is the same from December, 2011
Pending sales are down -1 from December, 2011
Sales are the same from December, 2011

In general, Balboa Island is showing a stable to a buyers market with the absorption rate, and this may be due to the increase of listings in the past one month.
Balboa Island Market absorption rate

Search the MLS for Balboa Island homes for sale, and Newport Beach real estate for sale.

Balboa Peninsula Point in Newport Beach | Market Update | January, 2012

Homes for Sale on Balboa Peninsula Point in Newport Beach | Balboa Peninsula Point Homes for Sale

Balboa Peninsula Point

Balboa Peninsula Point is located at the end of the Balboa Peninsula in Newport Beach. Balboa Peninsula Point in Newport Beach is a highly sought after community. This area of Newport Beach truly represents the beach lifestyle. Balboa Peninsula Point encompasses the homes from A Street to the end of the Balboa Peninsula. There are bay view homes, interior homes, and ocean front homes as well in this area. The homes that are ocean front are right on the beach, and there is no boardwalk in front of these homes.

peninsula point in newport beach

Balboa Peninsula Point has a community association and it is voluntary to be a member. The name of the association is the Balboa Peninsula Point Association. The association hosts a few events per year including the Fourth of July parades, Easter egg hunt, and Tuesday evening meet ups on the bay side of the beach.

Balboa Peninsula Point in Newport Beach currently has 28 active listings, and there were 5 sales from October, 1, 2011 until January 31, 2012. None of the properties sold during this time period were short sales or distressed sales. There was one sale in January, 2012 and it was a standard sale.

Balboa Peninsula Point Market report

The absorption rate in Balboa Peninsula Point remains high with roughly over one year of inventory.

Balboa Peninsula Point Market absorption rate

Search the MLS for Balboa Peninsula Point homes for sale in Newport Beach, and Peninsula Point real estate.

Originally posted at NewportBeachRealEstateCafe.com

Valentine's Day in Newport Beach, CA

Are you planning your Valentines Day dinners? Looking for somewhere special to go? Consider some of these options to celebrate Valentine's Day in Newport Beach.Valentines Day in Newport Beach

Bayside Restaurant is located on Bayside in Newport Beach. They do have Valentine's Day menu, and it is an excellent restaurant.

Canaletto Ristorante Veneto is located in Fashion Island in Newport Beach. They have fantastic service, along with a delicious menu. With antipasto and delicious salads as well, there is a menu selection for everyone.

The Cannery in Newport Beach is a another wonderful restaurant. Located right on Newport Harbor, this restaurant has both indoor and outdoor dining. Enjoy fresh fish and a lovely ambiance.

Las Brisas in Laguna Beach has the most incredible views located right on the coast which overlooks the coast and beautiful Laguna Beach. Las Brisas features seafood, beef and chicken entres.

Newport Beach Dinner Dance Cruise - take in beautiful Newport Harbor while cruising on a luxurious yacht. Enjoy a candle lit dinner while enjoying the beautiful scenery.

Hope you have a wonderful Valentine's Day in Newport Beach.

Originally posted at NewportBeachRealEstateCafe.com

206 Adams Street, Newport Beach | Condo for Sale

Balboa Peninsula Condo for Sale


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Description
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$795,000
Condominium
Main Features
3 Bedrooms
2 Bathrooms
Interior: 1,160 sqft
Location
206 Adams Street
Newport Beach, CA 92661
USA

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sharon paxson

sharon paxson

(949) 280-0681
spaxson@roadrunner.com
http://newportbeachrealestatecafe.com

       


Listed by: Prudential California Realty

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