The Newport Coast real estate market is showing signs of picking up with buyer activity. The markets have finally adjusted down in prices close to 2004. Price ranges in other areas under $600,000 are seeing multiple offers coming in, actually driving the pricing over the original asking prices, in some areas. (This tends to be on Bankowned and Short Sale properties.)
The regular listed properties are where I am finding a significant savings negotiated off the asking price for our buyer clients . The high end market in the $1.1milllion plus range still softening, probably due to the stricter mortgage guidelines especially on Jumbo Loans. Still, a great buy- in and room for further negotiating, to attain a property that has adjusted down to 2004 prices in Newport Coast. I have seen an average of $600K shaved off asking prices there, since the last two years.
Visit my website to see 1000's of homes and Pics and bankowned www.buyersonlycoastalrealty.com or visit www.luxurycoastalhomebuyers.com to see Newport Coast Luxury Homes for sale. I am broker owner of Buyer's Only Coastal Realty and am a genuine buyers broker (We do not cross over working with sellers like other RE offices) and the way I show property is more detailed, since 100% of my time is dedicated to only working for the buyers side, see the difference. We are quite unique from regular Realtors. View Pics & Search 1000's Homes Fast Free & Simple Home Search.
As a buyers only Real Estate office,one of the only ones between Seal Beach and San Clemente) I show hundreds of properties every year. The market now has provided more inventory sitting on the market longer than normal, creating this great buyers market. If you would like a search to the MLS, you can do on your own anytime,change your search criteria anytime,search 24/7 on our websites. Or for a custom search "Live" to the MLS, contact me and I will get your account up and running today.Our brokerage is one of about several "genuine" buyers only brokerages in all of Southern California and members of www.naeba.org besides being Realtor members. " I offer real estate buyer representation in it's purest form".
See for yourself, the great abundance of inventory to choose from right now in Newport Coast and all of Orange or San Diego Counties. I can also set up a customized search for all Foreclosures,Short Sales and Bankowned properties. Search Luxury Homes, Oceanfront Estates, Mansions, Oceanview Homes, Golf Course Homes, Condos, Townhomes. Homes, Vacation Homes and more. Email me today, suzanne@coastalbuyers.com to go over your criteria and review the inventory available. To see Newport Coast Luxury Homes visit www.southorangecountyreal-estate.com or www.buyersonlycoastalrealty.com
ZIP Code: 92657 Approximate Location Boundaries: Coastal South Orange County between Laguna Beach and Corona Del Mar
Location Characteristics: Newport Coast is located between Laguna Beach to it's South and Corona Del Mar to the North. One of South Orange Counties "newer" coastal communities featuring condos, townhomes and estate homes. Pelican Hills Golf course, also located in Newport Coast, features two eighteen hole golf courses with sweeping coastline and Catalina views in the back drop. The area has the feel of a coastal resort with many amenities such as parks, swim club, tennis and beach. Also, there are great restaurants and a shopping center at Crystal Cove.
Pelican Hill is gated and offers Estate size homes starting aroung $5mil. in asking price and Crystal Cove, has semi-custom homes starting around the high $3mil. price ranges, with ocean and Catalina views. Home Owner Association for the detached homes average about $500 per month approx. and it is well worth it for the parks, greenbelts, beach access under PCH for the community and 24 hour gate guard. Townhomes start around $700,000 and that is w/out an ocean view. To get a townhome w/ an ocean view comes in around $1.1mil or so in asking price. Some of the Townhome communities are gated, some are not. Newport Coast is easy access to the Toll Road (73) and John Wayne Airport. It's about 40 minutes to LAX. As one of the areas only buyers only brokerages, call or email me to get a search to the MLS set up for Newport Coast or surrounding areas today !
About Suzanne Hefni-Pyle:
As a member of the National Assocation of Exclusive Buyer Agents, Buyer's Only Coastal Realty Office works exclusively for you, the buyer - providing a full, comprehensive and unbiased view of all homes on the Southern California real estate market – without giving preference to properties that serve the seller's interest.We offer 100% buyer representation. Before you let anyone show you property,call us, or you could end up having to work with an agent, you did not choose just because they had shown you a home.We protect buyers !
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
