If you are wondering what the real estate market is doing check out the chart above. You can clearly see the peak was is July 2007. Since then it's continued to decline. Pricing in Newport Beach and Corona Del Mar had not been affected as much as other areas but we have definately seen a drop recently.
Not only have prices come way down but inventory is at it's peak. What does this mean for buyers? You have plenty of choices and it's time to negotiate a great price. If you are a seller, seriously look at the amount (0 comments)
The lifestyle and real estate market in Newport Beach, California, specifically the areas of Balboa Island, Corona del Mar, Newport Coast, and Costa Mesa. My focus is helping buyers relocating to Newport Beach, 2nd home investors, and asssisting sellers prepare their homes to sell quickly and efficiently.