The Wedge in Newport Beach, CA - August, 2011 - 08/31/11 09:44 PM
The Wedge is located on Peninsula Point in Newport Beach. And with the orientation of the beach, along with the rock jetty, can have very large waves with a south swell.
Today in Newport Beach, there was a south swell, and it was red flag at the beach. The waves were reported to be 10 to 15 feet at the Wedge, and so we went down to take some pictures. The Newport Beach Lifeguards were out in force with multiple boats, and units on the beach. And at about 5:30 pm, the lifeguards took down the black ball flag (meaning … (6 comments)

The Susan G. Komen Race for the Cure - Newport Beach, CA 2011 - 08/31/11 03:00 PM
The Susan G. Komen Race for the Cure will be held on September 25, 2011 in the Fashion Island area of Newport Beach.  This is the 20th Annual Race for the Cure in Newport Beach, CA.

This is my third year running in this race, and we have a team that my daughter Morgan named for us last year "I Love My Lady Lumps" - named after the very popular Fergie song. If you would like to join our team, we would love to have you. Please visit our Susan G. Komen website, and click on join our team, and then register for the race. We … (8 comments)

The Castaways in Newport Beach Market Update - August, 2011 - 08/30/11 12:01 PM
The Castaways market report for August, 2011. The Castaways in Newport Beach is a guard gated community.  These Newport Beach homes were originally built in 1997 and 1998 by Taylor Woodrow.
The Castaways homes for sale in Newport Beach is bordered by Dover Drive and some of these Newport Beach homes overlook the back bay and have ocean views and Newport Harbor views. View The Castaways in Newport Beach, CA in a larger map The Castaways homes in Newport Beach have Cape Cod Style design and architecture. Many of these Newport Beach homes for sale do have three car garages. … (8 comments)

The Castaways in Newport Beach Market Update - August, 2011 - 08/30/11 11:58 AM
The Castaways market report for August, 2011. The Castaways in Newport Beach is a guard gated community.  These Newport Beach homes were originally built in 1997 and 1998 by Taylor Woodrow.
The Castaways homes for sale in Newport Beach is bordered by Dover Drive and some of these Newport Beach homes overlook the back bay and have ocean views and Newport Harbor views. View The Castaways in Newport Beach, CA in a larger map The Castaways homes in Newport Beach have Cape Cod Style design and architecture. Many of these Newport Beach homes for sale do have three car garages. … (1 comments)

Newport Beach Short Sale Market Update - August, 2011 - 08/28/11 11:12 AM
The Newport Beach real estate market has both foreclosures, and short sales. The definition of a short sale is when a bank or lien holder lender agrees to accept a discounted payoff on a loan balance as a result of  either economic or a financial hardship on the part of the mortgagor. There are significantly more short sales for sale in the Newport Beach area than foreclosures. Currently in Newport Beach there are 15 foreclosures on the market. The short sale market in the Newport Beach area has many variables. There are both back up and pending status, and some of these … (2 comments)

Newport Beach Short Sale Market Update - August, 2011 - 08/28/11 11:11 AM
The Newport Beach real estate market has both foreclosures, and short sales. The definition of a short sale is when a bank or lien holder lender agrees to accept a discounted payoff on a loan balance as a result of  either economic or a financial hardship on the part of the mortgagor. There are significantly more short sales for sale in the Newport Beach area than foreclosures. Currently in Newport Beach there are 15 foreclosures on the market. The short sale market in the Newport Beach area has many variables. There are both back up and pending status, and some of these … (3 comments)

Newport Beach REO/Bank Owned Market Update - August, 2011 - 08/28/11 10:23 AM
Newport Beach REO Market Update for August, 2011

Newport Beach REO home buyers usually face the challenge of competing with multiple offers on the properties. Newport Beach REO home buyers are competing with cash buyers as well. Newport Beach has an inventory of 15 bank owned homes or REO. There are 15 active listings in all of Newport Beach, there are three in back up, and there are five pending sales in Newport Beach. There were no Newport Beach REO sales during the month of August, 2011. That number is down from the same period last year - August 1, … (0 comments)

Newport Shores in Newport Beach, Market Update - 08/28/11 09:55 AM
Newport Shores in Newport Beach is a community of approximately 440 homes located on the west side of Newport Beach. There are both single family homes and there are condos, and duplexes as well.
View Newport Shores in Newport Beach in a larger map Newport Shores has a community pool, clubhouse, tennis court, sand volley ball court and basketball court for the residents of Newport Shores in Newport Beach. Currently, there are 7 active listings in Newport Shores in Newport Beach, (one of the active listings is pricecd at $154,900 - and is an REO on leased land which expires … (0 comments)

Buying a Newport Beach Home - Should You Sign a Buyer/Broker Agreement? - 08/27/11 09:42 AM
Are you considering purchasing a Newport Beach home for sale? If you are, and are considering working with a Realtor, here is an important consideration for you. Many Newport Beach real estate agents, and brokers utilize Buyer/Broker agreements. When you sign this agreement, you are committing yourself to working with that real estate agent.
Not all Realtors utilize buyer/broker agreements, and will work with an agreement that you are working together.
The advantages to having a buyer/broker agreement are to ensure that the agent who spends the time scheduling appointments, showing you homes, and guides you through the real estate process gets … (6 comments)

What if your Newport Beach Home Does not Appraise? - 08/24/11 08:26 AM
You have made an offer on a Newport Beach property for sale, and part of the terms and conditions of the sale include that you will be obtaining financing on the property.
As part of the lending process, an independent Appraiser will go out and value the Newport Beach property for sale. If the appraised value comes in less than the agreed upon purchase price, you will have some decisions to make.
You can ask the seller to lower their price to the appraised value (this is what I would recommend for my buyers). And in the event the sellers do … (9 comments)

23rd Annual Taste of Newport - Newport Beach, CA - 08/24/11 02:40 AM
The 23rd Annual Taste of Newport will be held on September 16 - 18, 2011 at Fashion Island in Newport Beach. This is a great opportunity to get out and enjoy the Newport Beach climate while tasting delicious food from over 35 restaurants, and 15 wineries.
The 23rd Annual Taste of Newport is expecting over 50,000 people for this three day event.
General admission for the Taste of Newport is $25 per person.
Additionally, there is live entertainment featuring some amazing talent. This year the line up is as follows:
Joan Jett
Bare Naked Ladies
Taylor Dayne
Abba
It is a … (4 comments)

Criteria for Selecting Your Newport Beach Home - 08/07/11 01:02 PM
What criteria is important to you when you are considering purchasing a home. A home purchase is most likely the single most important transaction that you will have in your lifetime.
I recommend that every client to make a needs and wants list, what may be negotiable items.
 
One of the most important factors in the beginning of the home search process is meeting with a Real Estate professional. Your Realtor will assist you with identifying what criteria to consider when selecting a home to purchase.
Another extremely  important consideration is how much can you afford. There is no point in looking at … (11 comments)

The Castaways in Newport Beach Market Update - 08/06/11 01:00 PM
The Castaways market report for July, 2011. The Castaways in Newport Beach is a guard gated community.  These Newport Beach homes were originally built in 1997 and 1998 by Taylor Woodrow.
The Castaways in Newport Beach are bordered by Dover Drive and some overlook the back bay and have ocean views. View The Castaways in Newport Beach, CA in a larger map The Castaways homes in Newport Beach have Cape Cod Style design and architecture. Many of these Newport Beach homes for sale do have three car garages.  The school district for the residents of the Castaways is Newport Mesa, … (9 comments)

Lido Island Market Update, July, 2011 - 08/04/11 01:03 PM
Lido Island in Newport Beach is a beautiful community of homes in Newport Beach. Lido Island has bay front homes and interior homes with stradas. There are beautiful stradas and tennis courts for the exclusive use of the residents. And there is Lido Yacht club for the use of the residents of Lido Island, and the children enjoy a summer sailing program as well.
Living on Lido Island in Newport Beach is definitely a lifestyle. With close proximity to the beach, bay, shopping and dining, Lido Island is highly sought after. View Lido Island in Newport Beach, CA in a … (2 comments)

Granville in Newport Beach - Market Update - July, 2011 - 08/04/11 12:31 PM
Granville is a guard gated golf course community in Newport Beach right on the Newport Beach Country Club golf course.  The Newport Beach Country Club is a private country club, and has a beautiful golf course. The community of Granville is located right along the golf course, and there are both upper and lower units. The upper units features sweeping golf course views, and do have partial ocean view as well. The lower units actually open onto the golf course. Granville is a community of approximately 67 homes.
View Granville In Newport Beach, CA in a larger map Granville in Newport Beach is also walking … (0 comments)

Newport Beach REO/Bank Owned Market Update - July - 2011 - 08/03/11 06:15 PM
July, 2011

Newport Beach REO home buyers usually face the challenge of competing with multiple offers on the properties. Also, Newport Beach REO home buyers are competing with cash buyers as well. Newport Beach has an inventory of bank owned homes or REO. Currently there are 15 active listings in all of Newport Beach, there are three in pending, and there have been three Newport Beach bank owned sales in June, 2011. The number of sales is up from the same period last year. In June, 2010, there were six sales in July, 2011. During the same time period last … (2 comments)

Staging Your Newport Beach Home to Prepare to Sell! - 08/03/11 03:01 PM
Are you considering selling your Newport Beach home? If you are, you may want to consider how your home will appeal to the majority of prospective buyers that walk through the door.
Realtor's often work with professional staging companies so that the home shows in the best possible light. If your home is vacant, then you may want to consider professional staging. However, if the cost of staging is not something that you want to consider, then work with your Realtor to stage the home yourself.
Here are a few tips:
De-clutter - probably the most important consideration. Less is more. Clean … (4 comments)

Balboa Island in Newport Beach - Market Update - July, 2011 - 08/03/11 11:51 AM
Balboa Island in Newport Beach is a highly sought after area. Buyers choose to live on Balboa Island because of the lifestyle.
Balboa Island in Newport Beach is a man made set of three islands that are located in Newport Beach in the lower Newport Bay. The three islands of Balboa Island consist of the main island, the little island and Collins Island. Collins Island has only 8 homes on it, and it is a gated area of Balboa Island.
The main island of Balboa Island has approximately 1450 home sites located on it. To access Balboa Island in … (0 comments)

Newport Shores in Newport Beach, Market Update - July, 2011 - 08/03/11 11:27 AM
Newport Shores is a community of approximately 440 homes located on the west side of Newport Beach. There are both single family homes and there are condos, and duplexes as well.

 
View Newport Shores in Newport Beach in a larger map Newport Shores has a community pool, clubhouse, tennis court, sand volley ball court and basketball court for the residents of Newport Shores in Newport Beach.
 
Currently, there are 9 active listings, 1 in back up status and there were two sales in Newport Shores in July, 2011. One of the sales was an REO.
 

Search … (2 comments)

 
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Sharon Paxson Newport Beach Real Estate

HOM Sotheby's International Realty

Newport Beach, CA

More about me…

HÔM Sotheby's International Realty, DRE License 01501912

Address: 1200 Newport Center Drive, Suite 100, Newport Beach, CA, 92660

Office Phone: (949) 554-2041

Cell Phone: (949) 280-0681

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This blog is to provide you with up to date real estate information regarding Newport Beach and surrounding communities.
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