Newport Coast Inventory in 92657

The inventory in Newport Coast in zip code 92657 over the past two years has declined as shown below. The number of sales has also increased especially in the last 2 months. With the decreased inventory, we are seeing multiple offers on properties, and sellers are getting close to their asking price.


The months of inventory has also declined or absorption rate has declined. Absorption rate is basically the length of time it will take to sell all the active listings assuming that no new listings are addedTwo years previously, there was an absorption rate on one month of over one year, and as of July, 2012 shows 5 months which indicates a stable market.


Search the MLS for Newport Coast homes for sale in 92657.

Trovare Condo in Newport Coast | Just Leased Newport Coast Condo

Newport Coast Condo for Lease | Condo for Lease in Trovare in Newport Coast

This beautiful two bedroom, two bathroom condo in Newport Coast has just been leased. Located in Trovare in Newport Coast. This Newport Coast condo has beautiful cherry hardwood floors, kitchen features granite counters and stainless appliances, and the bathrooms have been upgraded with marble flooring.

Trovare condo for lease in Newport Coast

Enjoy the lifestyle in  this stunning Newport Coast condo at 6 Teramo CourtTrovare is a highly sought after gated community in Newport Coast and features a beautiful pool area with a fireplace, tennis courts, basketball courts and access to the Newport Coast pool.

trovare in newport coast

Additionally, this beautiful Newport Coast condo in Trovare has city lights views which is gorgeous.

Search the MLS for condos for sale in Trovare in Newport Coast.

Originally posted at NewportBeachRealEstateCafe.com

Trovare Condo for Lease in Newport Coast, CA

Newport Coast Condo for Lease | Condo for Lease in Trovare in Newport Coast

This beautiful two bedroom, two bathroom condo in Newport Coast is available for lease and it is located in Trovare in Newport Coast. This Newport Coast condo has beautiful cherry hardwood floors, kitchen features granite counters and stainless appliances, and the bathrooms have been upgraded with marble flooring.

Trovare condo for lease in Newport Coast

Enjoy the lifestyle in  this stunning Newport Coast condo at 6 Teramo Court. Trovare is a highly sought after gated community in Newport Coast and features a beautiful pool area with a fireplace, tennis courts, basketball courts and access to the Newport Coast pool.

trovare in newport coast

Additionally, this beautiful Newport Coast condo in Trovare has city lights views which is gorgeous.

Trovare in  Newport Coast

This condo in Newport Coast is being offered for lease at $2700 per month.

To schedule a private appointment to view this property, please contact me.

Search the MLS for condos for sale in Trovare in Newport Coast.

Originally posted at NewportBeachRealEstateCafe.com

Determine the Fair Market Value of Your Newport Coast, CA Home

Fair Market Value

You are considering selling your Newport Coast  home, and would like to determine the fair market value of the property. There are many considerations you need to be aware of when it is your “own” home as you selected it, you made improvements to it, and spent time with your family in that home so of course there will be emotional attachments.

Given that there may be emotional investment and attachment to the home, it may be difficult to be objective or realistic with regards to the “actual fair market value” of the home.

Become Objective about Your Newport Coast Homenewport coast home for sale

What that means is you need to put yourself in a a buyers shoes. What does a buyer see when they walk in the door? A great way to get yourself thinking like a buyer is to act like a buyer. Go to open houses, look and see how the homes show, what do you notice? How does the home show?

It is imperative that you are objective so that you can establish fair market value and determine what someone else would pay for your house. This means that you have to abandon your emotional attachment to the home as I discussed earlier.

Obtain Current Comparable Market Analysis from your Newport Coast Real Estate Agent

When looking at comparable sales, you must consider all the sales over a specific time frame. I typically look back as far as six months to review trends, however for a CMA I will go back four months to establish comparable sales. An appraiser will most likely only go back four months.  Consider all the sales including distressed property sales (REO sales and short sales) as they are real comparable sales. Look at original list price to sales price. If the home has a high number of days on market, was it because it was the property was priced above market value?

And a word of advice, do not take it personallyNo one is trying to say your home is worth less than you think it is, it is important to be realistic with setting the price correctly right from the beginning. If not, you are taking the risk of chasing the market down. Ultimately, you will end up with less money. And, an agent who over prices a home to get the listing may be doing you – the seller a disservice.

Take into Account Current Market Conditions

What is the unemployment rate? How is the economy in general in your city, the state and the country in general? Any new laws pass which may influence the economy? What are interest rates doing now? These are all factors which affect the housing market. If the economy is unstable, that influences whether or not buyers will buy and want to make the investment. Buyers become more cautious with their money and not sure about investing when the economy is down. So – that means less buyers in an unstable economy.

Look at the absorption rate of the market as well. The absorption rate is basically the amount of time the housing market will absorb the homes available on the market. That can be determined based on active listings in a specific area, and sales by month.

At the end of the day, the fair market value of a home is determined by the general economy and based upon recent comparable sales. Seller sets the price along with feedback from your Real Estate agent, make sure you are being objective!

If I can answer any questions about determining fair market value, please  contact me.

Originally posted at NewportBeachRealEstateCafe.com

Newport Ridge Estates in Newport Coast, CA

Newport Ridge Estates in Newport Coast, CA

Newport Ridge Estates in Newport Coast is a gated community of homes. Located off Newport Ridge Drive in Newport Coast, this is a beautiful community of single family homes. There are 38 homes in Newport Ridge Estates. These beautiful Newport Coast homes for sale were built in 1993 to 1994.

Newport Ridge Estates in Newport Coast, CA

The homes in Newport Coast are single family homes, and the landscaping is just beautiful.

Newport Ridge Estates in Newport Coast, CA

Many of these Newport Coast homes for sale have private pools as well.

Newport Ridge Estates in Newport Coast, CA

Search the MLS for homes for sale in Newport Ridge Estates in Newport Coast, and Newport Coast real estate.

Originally posted at NewportBeachRealEstateCafe.com

 

Newport Coast Real Estate & Homes for Sale-Belcara in Newport Coast, CA

newport coast homes for sale Belcara in Newport Coast is a private gated community which is located off Ridge Park in Newport Coast. With 107 single family detached homes located in Belcara in Newport Coast, this is a beautiful area that is highly sought after. There are five floor plans in these Newport Coast homes for sale, and each of the floor plans have either 3 or 4 bedrooms. Many of these Newport Coast homes for sale have Catalina Island and Ocean Views, and others have mountain views, canyon views and city lights views.

In these Newport Coast homes for sale in Belcara, there are five floor plans from approximately 2475 square feet to 3079 square feet of living space. These homes are newer and were built between 2004 and 2006.

автошины в Минске

Search the MLS for homes for sale in Newport Coast, Belcara homes for sale, and Newport Coast real estate.



Originally posted at NewportBeachRealEstateCafe.com

Pelican Point in Newport Coast, CA

Pelican Point in Newport Coast is located off Coast Highway just south of Corona del Mat and is a guard gated community. Pelican Point has approximately 55 homes, and these homes are located on the coast side of Coast Highway. Pelican Point in Newport Coast is bordered by the Pelican Hill golf course. A number of these homes have spectacular ocean views. There are custom homes located in this beautiful gated community in Newport Coast.

Pelican Point in Newport Coast

Pelican Point is located on the Coast side of Coast Highway and bordered by the Pelican Hill Golf Course and just south of Cameo Shores in Corona del Mar.

Search the MLS for homes for sale in Newport Coast, and real estate in Pelican Point.

 

 

Campobello in Newport Coast, CA

Campobello in Newport Coast

Newport coast homes for sale

Campobello is located in Newport Coast located off Ridge Park. It is a gated community. There are approximately 89 homes located in Campbello, and there are five different floor plans which ranges in square footage from approximately 2289 to 2252 square feet. The largest model has four bedrooms, and the others are three bedrooms. Campobello was built by California Pacific Homes between 1997 and 1998.

campobello in newport coast

The floor plans of the homes in Newport Coast are very open. It is a very nice community and many of the homes have views including city lights, and ocean views.

Campobello in Newport Coast

campobello in newport coast

Search the MLS for Newport Coast homes for sale, and Campobello real estate. If you cannot find the specific home you are searching for, please contact me and I will be glad to assist you.

Trovare in Newport Coast, CA

Trovare in Newport Coast

trovare in newport coast

Trovare is a beautiful gated community located in Newport Coast. Located off Vista Ridge, it is in a very desirable location. There are 168 condos located in this condo community in Newport Coast. There are five different floor plans, and the grounds at Trovare are beautiful. Enjoy a beautiful pool area for entertaining with family and friends. There are also tennis courts and basketball courts for the residents of Trovare in Newport Coast.

trovare in newport coast

The five different floor plans in the Trovare area which range in size from approximately 1000 square feet to approximately 1700 square feet. There are two and three bedroom condos in Trovare in Newport Coast.

trovare in newport coast

trovare pool

Search the MLS forcondos for sale in Newport Coast.