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    April Housing Report...Economic Forecast Orange County

    As the economy goes the real estate market goes. I've heard a lot of talk of a bubble but Anil Puri, Director California State University, Fullerton, Woods Center for Economic Analysis and Forecasting has indicated that the economic outlook for Orange County has climbed to the highest level since 2018. Citing vaccinations on an upswing, elections over with, coronavirus cases lowering and the economy opening up, optimism has clearly returned.

    A third of the county's businesses are operating at or above the pre-pandemic level. And the county's largest source of jobs, Disneyland, plans to open at the end of April. The Anaheim real estate market will be effected by the reopening of Disneyland.

    Call or text 949-430-7500 if you have any questions.

    If you would like to be on our email list for new listings click here:houses in orange county ca

    The first week of April had 665 new properties listed.

    We had 1,970 go under contract or closed.

    orange county housing report

     

    The End of March Housing Report, Orange County

    The data looks the same...More houses closed, pending and under contract than new listings.

    The one indicator that we will focus on is the price reductions. Price reductions are still at an all-time low, 16%. This number has been steady for a couple of months. Analysts expect the price reductions to increase in April which is an indication that demand has decreased. Hopefully, this will be paired with an increase in supply.

    This will be an important time for sellers trying to buy at the same time. Many have been waiting on the sidelines due to the lack of supply. If the analysts are correct, your time is coming. We feel like this is good news for our buyer clients and our clients who are ready to move up or downsize.

    Logistics are an important factor when trading houses. No one likes to move and moving twice is a sign of poor logistics. We will negotiate the timing to allow for a single move with ample time. One strategy we have used during the pandemic real estate market is the rent back. Sell your house. Rent it back from the new owner. Identify your new house. Close on your new house. In one weekend, move out of your old house and move into your new house. It sounds easy and can be.

    orange county real estate market

     

    Orange County Housing Data:

    Orange county housing report/data

    Demand is still outpacing supply.

    • In the past, higher interest rates have decreased demand. Do we want that?

    Our government has proposed a housing policy, a $15,000 first-time buyer tax credit. This policy will increase demand.

    • Can we get an inventory policy?? Affordable housing policy?

    Normally, we see inventory decrease through January and then level off in February. This year will mark the first time in 13 years that inventory continued to decrease through February. Normally, we see an increase in inventory starting in March. What's going to happen in March of 2021?

     

    2021 Housing Data for January

    Orange County Housing Stats 2021What does this graph/data tell us? This is One week in January!

    1. Between Coming Soon, New Listings and Back on Market we have 719 "new" listings available in Orange County
    2. Between Active Under Contract, Pending, Closed and Withdrawn 1,525 homes are now not available.

    At this moment we have less than 3000 homes/condos listed for sale in Orange County. That's less than two weeks of inventory.

    How can you get your offer to stand out amongst multiple offers?

    Buyer frustrations are boiling over. I understand. It's difficult and emotionally draining. These are things you can do to get your offer noticed:

    • Your agent needs to write a complete offer and package it in one tidy pdf
    • It should include your preapproval letter from your lender, proof of funds for your downpayment and an introduction/cover letter.
    • Try to discover what the seller's needs/goals are. Besides the highest price, seller's often have "pain points" they want to avoid like long escrows and buyers that request lots of repairs.

    We recently had an offer accepted that wasn't the highest price. We discovered how to net the seller the most money without offering the highest price. In this case, the house had $16,000 worth of termite repairs. Nine offers were submitted that required the seller to repair the termite damage. From the seller's perspective that can be overwhelming, maybe they are forced to move. They just want to get out as quickly and quietly as possible.

    Our offer was "as-is". We were going to pay for the termite repairs and any small repairs that may be discovered during our home inspection. We kept the contingency on the offer in case there was major damage. In the case of major damage, we would then negotiate to have that repaired or the price reduced.

    You have to be patient.

     

    Housing data for the entire country to start 2021

    Shall we pause from the lovely holiday photos to look at some INSANE real estate data?

    Only 419,000 single family homes on the market in the entire country right now.

    It wasn't that long ago when we'd start the year with more than 1 million.

    With a combination of ultra restricted supply and super high demand, home prices climbed 10% this year.

     

    Holiday Real Estate Market:

    orange county holiday real estate market

    1,628 homes under contract or sold and only 402 new listings...

    That equals a sellers market. Poorly constructed doghouses are starting to sell. I hope buyers are in a situation where they don't have to panic and make a tough decision. The new listings will rise in January. In the meantime, if you're a buyer, keep looking. 

     

    Real Estate Holiday Market...Seasonal Slow Down? Not this year!

    Actually, yes, statistically speaking the real estate market has started to slow down. 3% decrease in active inventory, 7% increase in total demand and 10% decrease in luxury demand.

    What does this mean? Continued competition for buyers and a hot seller's market. If you're a buyer the holiday season may present some opportunities while others are sleeping. Keep looking.

    orange county housing report

     

    holiday real estate market

    SoCal house values increased...

    11-05-2020...by the largest amount in at least two years, with Inland Empire prices increasing at the fastest pace in the region, the CoreLogic Home Price Index for September shows.

    Prices in Riverside and San Bernardino counties jumped 7.7% in September, the largest year-over-year percentage gain since May 2018, according to the index, released Tuesday, Nov. 3.

    Economists say buyer demand shifted to non-urban areas like the Inland Empire since the virus forced more residents to work or study from home.

    The median home price in San Diego County blew past the previous record to hit an all-time high of $634,000 in July.

    That represented a 9.3% price increase over a year earlier, according to CoreLogic data provided by DQNews — the highest annual jump in nearly two years.

    Los Angeles County, with the second-biggest gain, showed house prices rising 6.3% from September 2019 levels, the largest percentage increase since September 2018.

    Orange County’s gain of 5.09% was the biggest since August 2018. The CoreLogic HPI confirms earlier housing market reports showing soaring home prices since mid-summer amid high demand and record-low mortgage interest rates.

    A lack of homes for sale also created high competition among home buyers, with bidding wars pushing purchase prices even higher.

    The traditional spring home buying season also shifted to the summer following the shutdown caused by the corona virus last April and May, when sales plummeted.

    Nationally, the index value of a resale house increased 6.7% in September. CoreLogic officials called the housing market “a bright spot” in an otherwise struggling economy still burdened by high unemployment rates and a third spike in COVID cases.

    “COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic,” CoreLogic Chief Economist Frank Nothaft said in a statement.

    Improved containment of the virus could cause home price gains to slow as more homes are put up for sale, Nothaft said.

    “Once the pandemic passes or a vaccine is widely administered, we should see a noticeable pick-up in for-sale homes,” he said. “And if the economy’s recovery is sluggish next year, distressed sales may also add to market inventory.”

     

    Mortgage Delinquency Stats Improved For First Time Since Start of Pandemic

    10/30/2020 Currently 2,320,000 homeowners are 90 days or more late on their mortgage...a 43,000 improvement from the prior month.

    The mortgages that are less than 90 days late also showed improvement.

    Foreclosure inventory has also improved. The CARES Act is directly affecting these statistics.

    Sales of million-dollar homes doubled in September

    On a national level, the median home price has risen during the pandemic. Surprising? It looks like the luxury market had a large impact on the statistics. Homes priced under $250,000 have increased in value by 4%.

    Orange County housing report

     

    Late on Rent Equals Late on Mortgage?

    The stats for August are in:

    The pandemic’s economic pain has battered renters far more than it has homeowners as some fresh data from the U.S. Census Bureau reminds us.

     

    In Riverside and San Bernardino counties, 336,000 adults live in households that are behind on rent due in the week ended Aug. 31, according to the bureau.

     

    That’s 30% of all Inland Empire tenants and almost twice the rate in Los Angeles and Orange counties where 537,000 who live in rentals were late payers — 17% of all tenants.

     

    The Inland Empire payment challenges also look high compared with 15% of skipped rent checks statewide and across the U.S. in late August.

     

    Lower-income workers, who tend to be tenants, have been hit harder by pandemic business restrictions, which have hammered many service industries such as dining, entertainment and tourism.

     

    With various stimulus efforts gone or reduced, rent payments have become tougher to meet.

     

    This also puts landlords in tough positions with various moratoriums on evictions further strapping their abilities to get paid.

     

    Just ponder what a poll from the Public Policy Institute of California tells us about renters’ economic plight.

     

    When asked to evaluate their financial feelings — 66% of renters statewide said “fair” or “poor” vs. just 40% for homeowners.

     

    And not only are past-due rent payments piling up, the prospects of making the next rent check aren’t great in the Inland Empire.

     

    Census found 261,000 renters had “no confidence” they can pay (or will defer paying) the landlord this month — 22% of tenants.

     

    In L.A.-O.C., 412,000 renters are unlikely to pay — or 12% of tenants. Nationally, this expected non-payment rate is 11%; statewide it’s 10%.

     

    Pandemic-linked financial woes in SoCal are plentiful and not just a renter issue. 

     

    Note that July’s 16.8% unemployment rate in L.A.-O.C. was the highest among the 51 largest metro areas nationwide the Inland Empire at 13.4% was 9th worst.

     

    But compare skipped rent payments to far fewer missed mortgage bills for homeowners.

     

    Census found 423,000 living in homes they own in L.A.-O.C. were behind on their mortgage — 14% of homes with financing.

     

    And 11% of these owners had no confidence or would defer their next mortgage payment.

     

    In the Inland Empire, 164,067 are in households that were late on the mortgage — 11% of owners with financing.

     

    Just 6% have no confidence or will defer the next house payment.

     

    Owners are later payers outside the region, too.

     

    Statewide, 10% are behind on the mortgage and 8% have doubts about the next payment.

     

    Nationally, 10% are behind and 6% think they miss or defer the upcoming mortgage due.

     

    “Variances are being heavily driven by the different industry and population composition among the state’s diverse metro areas,” said Taner Osman, research manager at Beacon Economics."

     

    “Think about the industry sectors that dominate a region like Los Angeles – entertainment, leisure and hospitality, healthcare, retail – these are some of the hardest hit by the pandemic’s health-mandated closures and offer little possibility to work remotely; as such, they simply can’t show the same resilience seen, for example, in professional, scientific, and technical services.”

     

     

    oc market report

     

     

    August housing report Orange County California

     

    Orange County Real Estate Market Recap July 2020

    I'm normally an optimist but I keep waiting for the market to crash...On a national level, home prices are up 7.5% since this time last year. The buying/selling season has been extended this year due to Covid. People are trying to optimize their lives for the new normal. They are looking for home office space and just more space. As we spend more time in our homes the need for privacy to conduct virtual meetings and to attend virtual classrooms has increased.

    • US median home price is $354,900

    Orange County Home Prices

    Orange County continues to see home prices on the rise. Demand continues to grow fueled by low-interest rates and the available homes for sale are among the lowest levels in years. We currently have 4,449 homes for sale compared to 7,488 at this time last year.

    Do I think This Is A Good Time To Buy?

    Taking advantage of the low-interest rates makes sense. Overall the answer to this question is different for everyone. I would ask a few simple questions.

    1. Have you been employed during the pandemic? Do you have an essential job?
    2. How much savings do you have to put down for the purchase and how much will you have left for reserves?
    3. How long do you plan to stay in this house?

    If we do have another "crash" you will need to be prepared to buckle down and ride it out for the best outcome.

    orange county market report

     

    Orange County Real Estate Market Recap May 2020

    The Coronavirus pandemic has certainly left a mark on the planet. One positive outcome is the planet seems to be in a state of healing. Less travel has decreased air pollution levels and reduced the seismic vibrations on earth.

    May offered 2,940 new listings bringing the total to 6,520. The increase in new listings is up from April by nearly 1000. This is important because we had a lack of inventory and a resurgence in buyer demand. The days on market in May moved to 74 days down from 121 days in April. It is now a sellers market. 

    A factor fueling the real estate market has to be the low interest rates. We closed a transaction in May with a jumbo loan. Our client locked the rate at 2.99% for a 30 year fixed. We were all shocked.

    housing report for orange county june 2020

     

     

     

    Orange County Real Estate Market Recap February 2020

    Below is a Core-Logic recap of our current Orange County Real Estate Marketplace for the month of February 2020. Source; OC Register, 4/19/2020.

    1. Home Prices Resale Homes +8.6%, Resale Condos +5.0% and New Home Sales -17.7% Median OC home price is $748,000 up versus one year ago (New High) $1,000,000 plus homes represent 50.2% of all OC listings
    2. Sales Volume Resale Homes +34.5%, Resale Condos +20.5% and New Home Sales +8.5% Home sales volume is 2,431 up versus one year ago Inventory is at 4,161 up from one month ago OC Average days on market; 60 days.
    3. Interest Rates 30-year fixed Mortgage rate is 3.31%, down versus last week 15-year fixed rate is 2.87%, down versus one week ago Average Home Payment is $3,478.65 down versus one year ago ARM’s represent 12.5% of all mortgages
    4. STATS of THE DAY 37% of all US homes have no mortgage! Of the remaining 63%, 1 in 4 have over 50% equity Newport Beach average household income was $122,709 in 2019 (twice the national average) California home price appreciation was 4.23% in 2019 (Lowest in 7 year) The average California FICO score in 2019 was 708, 20th among all states… 67 million homeowners are over the age of 55! Time to market to BABY BOOMERS!
    5. Did you Know? There are 14,000,000+ residences in California There were 34,000 homes sold in Orange County in 2019 There were 35,100 homes sold in Orange County in 2018 There were 38,400 homes sold in Orange County in 2017 There were 37,900 homes sold in Orange County in 2016 There were 53,900 homes sold in Orange County in 2003 614 homes sell every hour in the United States! The median US home sales price in 2019 was $274,500 (+7.8% VLY) There were 5,340,000 homes sold in the US in 2019
    6. Market Trends Southern California median home price is $550,000 +7.2% VLY OC median home price is $748,000 +6.9% LA median home price is $621,250 +6.2% VLY San Diego median home price is $587,000 +6.8% VLY Ventura median home price is $575,000 +1.8% VLY Riverside median home price is $400,000 +6.2% VLY San Bernardino median home price is $350,000 +4.5% VLY

    Orange County Real Estate Activity for the week of April 14th-20th:

    real estate activity

    Orange County Real Estate Agents Are Praying: "Flatten The Curve"

    Thru March 2020:

    First of all, we hope everyone is staying safe and healthy. These are trying times. We are focusing on the health and well being of our loved ones which includes mental health. At time of so much uncertainty, it can be difficult to cope with stress.

    Housing demand and supply have been on a complete opposite curve as the Coronavirus curve. An extreme downward trend. We all want both curves to be inverted. orange county real estate trends

    Thru January 2020:

    Below is a Core-Logic recap of our current Orange County Real Estate Marketplace for the month of January 2020. Source; OC Register, 3/8/2020.

    • Home Prices Resale Homes +6.7%, Resale Condos +19.4% and New Home Sales -5.4%
    • Median OC home price is $747,000 up versus one year ago (New High)
    • $1,000,000 plus homes represent 49.7% of all OC listings

    Interest Rates

    • 30-year fixed Mortgage rate is 3.29%, way down versus last week
    • 15-year fixed rate is 2.79%, down big versus one week ago
    • Average Home Payment is $3,451.55 down versus one year ago
    • ARM’s represent 12.5% of all mortgages

    STATS of THE DAY

    • Newport Beach average household income was $122,709 in 2019 (twice the national average)
    • California home price appreciation was 4.23% in 2019 (Lowest in 7 year)
    • The average California FICO score in 2019 was 708, 20th among all states…
    • 67 million homeowners are over the age of 55! 

    Did you Know?

    • There are 14,000,000+ residences in California
    • There were 35,100 homes sold in Orange County in 2018
    • There were 38,400 homes sold in Orange County in 2017
    • There were 37,900 homes sold in Orange County in 2016
    • There were 38,400 homes sold in Orange County in 2017
    • There were 53,900 homes sold in Orange County in 2003
    • 614 homes sell every hour in the United States!
    • The median US home sales price in 2019 was $274,500 (+7.8% VLY)
    • There were 5,340,000 homes sold in the US in 2019
    Market Trends
    • Southern California median home price is $550,000 +7.2% VLY
    • OC median home price is $747,000
    • LA median home price is $628,250 +7.4% VLY
    • Ventura median home price is $580,000 +.9% VLY
    • San Diego median home price is $575,000 +4.5% VLY
    • Riverside median home price is $401,250 +6.9% VLY
    • San Bernardino median home price is $355,000 +7.7% VLY

     

    SoCal home prices rose slightly in October, 2019

    Home sales jumped, the latest indication of a warming housing market.

    • The six-county region’s median price climbed 1.9% from a year earlier to reach $535,000 last month, according to Core Logic provided by DQNews.
    • Sales, increased for the 2nd consecutive month, rising 8.2% from Oct. 2018.
    • Recently there have been signs of a pickup. Economists attribute the change to rising incomes and falling mortgage rates that have made housing relatively more affordable. Average hourly earnings in California have risen by about 5% so far this year compared with 2018, according to the Bureau of Labor Statistics.
    • And the avg. rate on a 30-year fixed mtg. was 3.66% this week, according to Freddie Mac, down more than a percentage point from a year ago.
    • That saves buyers $260 on a monthly payment for a $535,000 house.

    Most SoCal counties shared in the sales and price gains:

    In L.A. County, the median price rose 4.2% to $620,000, sales climbed 5.6%.

    In Orange County, the median rose 0.7% to $725,000, while sales climbed 6%.

    In Riverside County, the median rose 3.9% to $395,000, sales climbed 11.4%.

    In San Bernardino County, the median rose 5.2%, while sales climbed 8.1%.

    In San Diego County, the median rose 2.6%, while sales climbed 10%.

    In Ventura County, the median fell 3% to $580,000, while sales climbed 17%.

    Home price gains are still muted compared with the beginning of 2018, which saw gains in the high single digits.

    Bidding wars that drove buyers away were sitting on the sidelines as buyers aren’t willing to go extravagantly high on pricing anymore.

    Chris Thornberg, founding partner with Beacon Economics, said the market should pick up further next year. “The economy is likely to keep growing, and California is likely to keep failing to build enough homes”.

    In the third quarter, 31% of California households could reasonably afford to purchase the median-priced single-family house, according to the C.A.R.

    That figure was 27% a year ago.

    For those priced out, costs are high. Many renters who can’t afford to purchase a home are stuck paying unaffordable rent, putting them at risk of being forced from their communities & in the worst cases, onto the street.

    Beyond a crushing human toll, there’s an economic cost as well.

    An analysis released this week from the McKinsey Global Institute estimated the high cost of housing in L.A. County crowds out other spending and forces people into long commutes, reducing GDP by about 4% to 5%, or more than $30 billion annually.

     

    SoCal Home Sales Soar 10.4% - Largest Jump in 3 years

    OCRegister.com SoCal home sales rose 10.4% for the year ended in September 2019, the largest year-over year jump in nearly 3 years.For the month, 19,253 residences, newly built and existing homes, sold in the six-county region vs. 17,440 a year earlier, according to CoreLogic data The 10.4% rise was the largest jump since November 2016. Sales rose in all six counties for the first time in 29 months The rush to buy pushed up some prices. The 6 county median was $533,000 vs. $520,000 a 2.5% increase — but increases were in just 3 counties. Homebuying slowed in the past 2 years as higher loan rates, rising prices plus economic & political uncertainty scared off some house hunters. Sales had fallen, year- year, in 20 of the previous 26 months.

     

    But in 2019 dramatic drop in mortgage rates to below 4% — a tumble that was as much as a record breaking 1.33% drop motivated buyers to act.

     

    Here’s how the selling broke down in key Southern California niches.

     

    Existing single-family homes: 13,365 sold — up 11.8% in a year. Median price: $560,000 — up 3.2% in a year.

     

    Existing condos: 4,236 sold — up 13.6% in a year. Median price: $450,000 — flat in a year.

     

    New homes: 1,652 sold, down 3.2% in a year.

     

    Median price: $552,000 — down 3.6% in a year. Builders’ share of all sales was 8.6% vs. 10.1% a year ago.

     

    And buyers have fewer choices with 42,577 listings, down 9% in a year.

     

    County-by-County Homebuying (Sept 2018-2019)

     

    Los Angeles: Sales rose 7.3%; its median of $618,000 was up 3.9% in a year.

     

    Orange: Sales rose 13.1%; its median of $723,000 was down 2.3% in a year.

     

     

    Housing Report for September 2019

    Home Prices

    • Resale Homes +0.6%, Resale Condos -2.5% and New Home Sales -1.3%
    • All totaled, OC home values are down -0.7% versus last year Median OC home price is $720,000 up versus one year ago (-$20k from peak)
    • $1,000,000 plus homes represent 43.5% of all OC listings

    Sales Volume

    • Resale Homes +10.8%, Resale Condos +2.5% and New Home Sales -39.8%
    • All totaled, OC sales volume is down +1.8% versus last year
    • Home sales volume is 3,273 up versus one year ago Inventory is at 6,860 down from one month ago
    • OC Average days on market; 87 days. Over $1,250,000 is 200+ days!

    Interest Rates

    • 30-year fixed Mortgage rate is 3.65%, up versus last week
    • 15-year fixed rate is 3.14%, down versus one week ago
    • Average Home Payment is $3,335.09 down versus one year ago
    • ARM’s represent 12.5% of all mortgages

    STAT of THE DAY

    • It has been an odd summer with listings only up .05% versus last year but still +6% above the 8-year average for this time of year. New escrows are up 7.6% versus last year but 2.6% below the 8-year norm.

    Did you Know?

    • There are 14,000,000+ residences in California
    • US home ownership is at 64.4% (up versus last year)
    • California home ownership is 55.2% (up versus last year)
    • OC/LA home ownership is 47.3% (down from last year)
    • California led the nation in 2017 with lowest vacancy rate at 8.3%
    • There were 402,705 SFR homes sales in CA in 2018
    • There were 35,020 homes sold in Orange County in 2018
    • There were 37,881 homes sold in Orange County in 2017
    • It takes a $169,850 a year income to buy an OC median-priced home?
    • 614 homes sell every hour in the United States!

    Facts

    • Southern California median home price is $540,000
    • OC median home price is $719,500
    • LA median home price is $619,000
    • Ventura median home price is $599,000
    • San Diego median home price is $584,000
    • Riverside median home price is $390,000
    • San Bernardino median home price is $346,000

    Real Estate Trends

    • Price adjustments are up across the US, CA and Orange County
    • Foreign investor purchases down 41% in CA versus last year
    • 110k new homes in the US this year (down 65% from 1986)
    • CA bankruptcies rise for the first time in 8 years (+2% VLY)
    • Listings are at a 5-year high
    • The last time there were these many homes on the market was 2014
    • Orange County has 19% more inventory than this time last year
    • Escrows are down 2% and days on the market are up 18%
    • Only 1.19% of all OC properties currently listed as distressed

    Real Estate Forecast

    1. Core-Logic forecasts US home prices will increase 4.8% in 2019
    2. CAR Forecasts California home prices will rise 3.1% in 2019
    3. Cal State Fullerton forecasts a 4-5% prices in increase in SoCal in 2019
    4. Chapman University forecasts a 2.9% price increase for OC in 2019

    Orange County Housing Report for August 2019

    Below is a Core-Logic recap of our current Orange County Real Estate Marketplace for the 22 business days ending August 8th, 2019. Source; OC Register, 9/8/2019.

    Home Prices

    Resale Homes +0.7%, Resale Condos -2.7% and New Home Sales -12.8% All totaled, OC home values are up -3.2% versus last year Median OC home price is $715,000 up versus one year ago (-$25k from peak) $1,000,000 plus homes represent 43.1% of all OC listings

    Sales Volume

    Resale Homes +1.1%, Resale Condos +1.9% and New Home Sales -32.9% All totaled, OC sales volume is up -2.3% versus last year Home sales volume is 3,134 up versus one year ago Inventory is at 7,307 down from one month ago OC Average days on market; 87 days

    Interest Rates

    30-year fixed Mortgage rate is 3.49%, down versus last week 15-year fixed rate is 3.00%, down versus one week ago Average Home Payment is $3,481.03 down versus one year ago ARM’s represent 13.9% of all mortgages

    STAT of THE DAY This year’s sharply falling mortgage rates boosted the number of SoCal households that theoretically could qualify to buy an entry level home to 257,000! That’s a lot of new potential buyers.

    Did you Know? There are 14,000,000+ residences in California US home ownership is at 64.4% (up versus last year) California home ownership is 55.2% (up versus last year) OC/LA home ownership is 47.3% (down from last year) California led the nation in 2017 with lowest vacancy rate at 8.3% There were 402,705 SFR homes sales in CA in 2018 There were 35,020 homes sold in Orange County in 2018 There were 37,881 homes sold in Orange County in 2017 It takes a $169,850 a year income to buy an OC median priced home? 614 homes sell every hour in the United States!

    Facts Southern California median home price is $540,000 (sales up 3.7%) OC median home price is $715,000 (sales down 2.3%) LA median home price is $635,000 (sales flat 0%) Ventura median home price is $595,000 (sales up 6.2%) San Diego median home price is $580,000 (sales up 10.1%) Riverside median home price is $395,000 (sales up 8.6%) San Bernardino median home price is $340,000 (sales up 3.3%)

    Trends Foreign investor purchases down 41% in CA versus last year 110k new homes in the US this year (down 65% from 1986) CA bankruptcies rise for the first time in 8 years (+2% VLY) Listings are at a 5-year high The last time there were these many homes on the market was 2014 Orange County has 19% more inventory than this time last year Escrows are down 2% and days on the market are up 18% Only 1.19% of all OC properties currently listed as distressed

    Forecast CAR forecasts a -6.9% decline in sales for 2019 Core-Logic forecasts US home prices will increase 4.8% in 2019 CAR Forecasts California home prices will rise 3.1% in 2019 Cal State Fullerton forecasts a 4-5% prices in increase in SoCal in 2019 Chapman University forecasts a 2.9% price increase for OC in 2019

     

     

    Orange County Housing Report for the month of July 2019

     

    Facts

    • Southern California median home price is $541,250 (sales down 8.8%)
    • OC median home price is $738,000 (sales down 9.4%)
    • LA median home price is $618,000 (sales down 12.1%)
    • San Diego median home price is $590,000 (saleHome Prices
    • Resale Homes +2.3%, Resale Condos +2.2% and New Home Sales +14.7%
    • All totaled, OC home values are up +1.0% versus last year
    • Median OC home price is $738,250 up versus one year ago (-$2k from peak)
    • $1,000,000 plus homes represent 42.8% of all OC listings

    Sales Volume

    • Resale Homes +0.0%, Resale Condos -5.0% and New Home Sales -36.3%
    • All totaled, OC sales volume is up -5.7% versus last year
    • Home sales volume is 3,447 up versus one year ago
    • Inventory is at 7,601 up from one month ago
    • OC Average days on market; 91 days

    Interest Rates

    • 30-year fixed Mortgage rate is 3.60%, huge drop versus last week
    • 15-year fixed rate is 3.05%, down versus one week ago
    • Average Home Payment is $3,479.32 down versus one year ago
    • ARM’s represent 16.0% of all mortgages

    STAT of THE DAY

    This year’s sharply falling mortgage rates boosted the number of SoCal households that theoretically could qualify to buy an entry level home to 257,000! That’s a lot of new potential buyers…

    Did you Know?

    • There are 14,000,000+ residences in California
    • US home ownership is at 64.4% (up versus last year)
    • California home ownership is 55.2% (up versus last year)
    • OC/LA home ownership is 47.3% (down from last year)
    • California led the nation in 2017 with lowest vacancy rate at 8.3%
    • There were 402,705 SFR homes sales in CA in 2018
    • There were 35,020 homes sold in Orange County in 2018
    • There were 37,881 homes sold in Orange County in 2017
    • It takes a $169,850 a year income to buy an OC median priced home?
    • 614 homes sell every hour in the United States! s down 7.4%)
    • Ventura median home price is $580,000 (sales up 1.6%)
    • Riverside median home price is $399,000 (sales down 4.0%)
    • San Bernardino median home price is $340,000 (sales down 11.4%) Only 28.6% of all OC earners can purchase a home

    Trends

    • Foreign investor purchases down 41% in CA versus last year
    • 110k new homes in the US this year (down 65% from 1986)
    • CA bankruptcies rise for the first time in 8 years (+2% VLY)
    • Listings are at a 5-year high
    • The last time there were these many homes on the market was 2014
    • Orange County has 19% more inventory than this time last year
    • Escrows are down 2% and days on the market are up 18%
    • Only 1.19% of all OC properties currently listed as distressed

    Forecast

    • CAR forecasts a -6.9% decline in sales for 2019
    • Core-Logic forecasts US home prices will increase 4.8% in 2019
    • CAR Forecasts California home prices will rise 3.1% in 2019
    • Cal State Fullerton forecasts a 4-5% prices in increase in SoCal in 2019
    • Chapman University forecasts a 2.9% price increase for OC in 2019

    Orange County Housing Report, August 5th, 2019

    July ended with a large number of active listings for Orange County and a slight increase in closed sales. 

    Total active listings: 9,260

    New Listings in July: 3,664

    Total closed sales: 2,865

    Not much has changed from last month when looking at the numbers. The days on market has slightly increased. The data from the Infosparks and the CRMLS shows an average of 44 days on market. 

    Orange County homes for sale under $750,000

    Orange County homes for sale $750,000-$1,000,000

    Orange County homes for sale from $1,000,000-$2,000,000

    Orange County homes for sale over $2,000,000

     

    Orange County Housing Report, July 2nd, 2019

    Total Active listings: 9,467 we had an increase in inventory from May

    • Single Family Homes: 6,169
    • Condos and Townhomes: 2,765

    Closed Sales: 2,693 which is slightly down from May closings

    Supply continues to be on the upswing while closings are slightly down. With the increase in active listings, it becomes more important to price your home correctly. The strategy of "testing the market" on the MLS is costing time and money. It costs more time on the market which statistically reduces the final sale price.

    It will be very important to look at all the available data to price your home. Comparable sales, condition of the property, price per square foot can all factor in the price.

    We will do the homework and then put together the right marketing strategy for your home.

    Orange County Housing Report, June 1st, 2019

    Total Active listings: 8,778Timing the real estate market, Is now the right time to buy or sell?

    • Single Family Homes: 5,748
    • Condos and Townhomes: 2,601

    Closed Sales: 2,935

    • Single Family Homes: 1,854
    • Condos and Townhomes: 1,009

    Supply is on an upswing since December of 2018 which is the norm every year after the holidays. July of 2014 was our highest peak of inventory and we could surpass that in the next few weeks if demand stays soft.

    We are showing a shrinking inventory of housing under $500,000 (currently 1,478). Housing units priced under $500,000 will have a tendency to sell quickly but the housing units at this price point are fading away.

    Conversely we have 3,831 units for sale over $1,000,000 in Orange County.

    Newport Beach Homes Listed Longer Than 100 Days

    311     Lindo Avenue, Newport Beach image
    311 Lindo Avenue, Newport Beach $2,495,000

    BALBOA PENINSULA- Idyllic Beach House Retreat or Primary Residence! Just updated with new interior and exterior paint, new kitchen counter-tops! Large living and dini...

    • 4 Beds
    • 4 Baths
    • IV20230299 MLS
    • Active Status
    1025   E Balboa Boulevard, Newport Beach image
    1025 E Balboa Boulevard, Newport Beach $7,195,000 ▼

    Displaying arguably some of the best views along the boardwalk this light-filled, corner oceanfront home on Balboa Peninsula captures inspiring panoramic vistas up and do...

    • 4 Beds
    • 4 Baths
    • NP20219024 MLS
    • Active Status
    2282     Orchard Drive, Newport Beach image
    2282 Orchard Drive, Newport Beach $3,495,000 ▼

    Experience modern luxury and sophisticated design in this new and completely reimagined Smart home located in the heart of Newport Beach. This rare coastal auction opport...

    • 6 Beds
    • 7 Baths
    • OC20244820 MLS
    • Active Status
    20452     Santa Ana Ave     4 Unit 4, Newport Beach image
    20452 Santa Ana Ave 4 Unit 4, Newport Beach $925,000 ▼

    Multiple units available! Brand new elegant designer, luxury townhome that has been built with attention to detail with beautiful, modern amenities. This home offers an o...

    • 2 Beds
    • 3 Baths
    • NP21017084 MLS
    • Active Status
    107     Via Lido Soud, Newport Beach image
    107 Via Lido Soud, Newport Beach $10,995,000

    A rare offering in Newport Harbor with superlative characteristics, this home offers 100' dock accommodations for TWO VESSELS and boasts 65' of bay front living. This ele...

    • 5 Beds
    • 6 Baths
    • OC20209357 MLS
    • Active Status
    20452     Santa Ana Ave     1 Unit 1, Newport Beach image
    20452 Santa Ana Ave 1 Unit 1, Newport Beach $1,095,000

    Multiple units available! Brand new elegant designer end-unit luxury townhome that has been built with attention to detail with beautiful, modern amenities. This home off...

    • 2 Beds
    • 3 Baths
    • NP20262011 MLS
    • Active Under Contract Status
    25     RUE GRAND DUCAL, Newport Beach image
    25 RUE GRAND DUCAL, Newport Beach $2,395,000

    Situated in the prestigious guard gated community of Big Canyon, this spacious Deauville floorplan showcases beautiful upgrades including vaulted ceilings and crown moldi...

    • 3 Beds
    • 3 Baths
    • NP20255826 MLS
    • Active Under Contract Status
    306     Signal Road, Newport Beach image
    306 Signal Road, Newport Beach $9,875,000

    The finishing touches were recently put on this superb new residence - possibly the finest new home offering seen in Newport Beach in a decade. The details, appointments,...

    • 5 Beds
    • 8 Baths
    • NP20251958 MLS
    • Active Status
    44     VIENNA, Newport Beach image
    44 VIENNA, Newport Beach $1,798,000

    Spectacularly private ‘waterfront’ property in Newport Beach’s most prestigious community of Harbor Ridge. Serene and sophisticated, the open floor plan features soaring ...

    • 3 Beds
    • 3 Baths
    • NP20140922 MLS
    • Active Status
    4248     Martingale Way, Newport Beach image
    4248 Martingale Way, Newport Beach $5,775,000

    This is an incredible opportunity to acquire the fee simple interest in a free-standing restaurant property located at 4241 MacArthur Blvd, Newport Beach, CA. The 7,000 ...

    • OC20033783 MLS
    • Active Status
    1608     Park Avenue, Newport Beach image
    1608 Park Avenue, Newport Beach $1,899,000 ▼

    Historic Park Avenue home/lot for sale. Located just over the bridge on prestigious Little Balboa Island, this unique south facing property is prime and ready for the pe...

    • 2 Beds
    • 1 Baths
    • LG20254014 MLS
    • Active Status
    3121   W Coast Highway   5A Unit 5A, Newport Beach image
    3121 W Coast Highway 5A Unit 5A, Newport Beach $1,495,000

    High above the water in the plush comfort of your own private ''crow's nest,'' here at the head of the Newport Harbor turning basin, life is simply better. Soul-stirring ...

    • 2 Beds
    • 2 Baths
    • 20603822 MLS
    • Active Under Contract Status
    7304   W Oceanfront, Newport Beach image
    7304 W Oceanfront, Newport Beach $6,500,000

    This stylish Eastern Seaboard oceanfront home, on the picturesque sandy beaches of West Newport, is steeped in Cape Cod character and charm and brimming with all of the m...

    • 4 Beds
    • 4 Baths
    • LG20140926 MLS
    • Active Status
    20452     Santa Ana Ave     6 Unit 6, Newport Beach image
    20452 Santa Ana Ave 6 Unit 6, Newport Beach $895,000

    Also available for a lease option. Brand new elegant designer, luxury townhome that has been built with attention to detail with beautiful, modern amenities. This home of...

    • 2 Beds
    • 3 Baths
    • NP21009712 MLS
    • Active Under Contract Status
    26     Vienna, Newport Beach image
    26 Vienna, Newport Beach $1,245,000

    Experience joyful bliss as you step into this cozy home greeted by its soaring cathedral-ceiling and glorious natural lights. This pristine, corner-lot home sits among we...

    • 2 Beds
    • 2 Baths
    • WS20165269 MLS
    • Active Status
    15     Pelican Crest Drive, Newport Beach image
    15 Pelican Crest Drive, Newport Beach $10,500,000

    Front row, closet to the harbor and are irreplaceable, but superlative are easily said and very rarely backed up these days. Please view the photos and the property they ...

    • WS20173646 MLS
    • Active Status
    11     Pelican Crest Drive, Newport Beach image
    11 Pelican Crest Drive, Newport Beach $10,500,000

    Front row, closest to the harbor and are irreplaceable, but superlatives are easily said and very rarely backed up these days. Please view the photos and the property the...

    • WS20173612 MLS
    • Active Status
    12     Troon Drive, Newport Beach image
    12 Troon Drive, Newport Beach $18,800,000

    In the classic tradition of the first grand estates of Bel Air and Holmby Hills, this custom estate compound provides a gracious and uncommon living experience. This stun...

    • 8 Beds
    • 12 Baths
    • NP20135794 MLS
    • Active Status
    15     Lochmoor Lane, Newport Beach image
    15 Lochmoor Lane, Newport Beach $6,500,000

    Rare find as a Newly Custom Built Authentic European Estate with fantastic views! Best lot in Big Canyon. Rebuilt from the ground up in 2017 with great detail to authenti...

    • 4 Beds
    • 6 Baths
    • OC20180858 MLS
    • Active Status
    2202   W Oceanfront, Newport Beach image
    2202 W Oceanfront, Newport Beach $4,495,000

    Situated directly in front of Blackies surf break with views of the Newport Pier, crashing waves, and Catalina Island, this oceanfront quadruplex with garage parking for ...

    • NP20182603 MLS
    • Active Status
    1101     Dove Street   Z240 Unit Z240, Newport Beach image
    1101 Dove Street Z240 Unit Z240, Newport Beach $550,000

    Great Professional Corner Newport Beach Office Now Available for Lease or for Sale: Provides 3 Private Window Offices (sink available in one office)  and Reception area. ...

    • DW20196772 MLS
    • Active Status
    3920     Birch Street, Newport Beach image
    3920 Birch Street, Newport Beach $7,150,000

    KW Commercial Costa Mesa, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 3920 Birch Street. Consisting of over 13,000 s...

    • LG20194504 MLS
    • Active Status
    3121   W Coast Highway   6C Unit 6C, Newport Beach image
    3121 W Coast Highway 6C Unit 6C, Newport Beach $1,395,000

    Spectacular and breathtaking views of Lido Channel, Newport Harbor, Lido Isle Bridge and Lido Marina Village, from this exceptionally located fee simple Newport Towers Co...

    • 2 Beds
    • 2 Baths
    • NP20115730 MLS
    • Active Under Contract Status
    122     Yorktown     122 Unit 122, Newport Beach image
    122 Yorktown 122 Unit 122, Newport Beach $225,000 ▼

    GREAT OPPORTUNITY TO LIVE THE BEACH LIFESTYLE FOR LESS IN NEWPORT BEACH!!This 2-Bedroom, 2 bath home is in excellent condition featuring LARGE Walk-In Master Closet and C...

    • 2 Beds
    • 2 Baths
    • IV20203461 MLS
    • Active Status
    20311     Riverside Drive, Newport Beach image
    20311 Riverside Drive, Newport Beach $1,249,000

    Residential kennel property. Large lot. Ample parking (up to 7 vehicles, or 5 plus RV) inc. carport. Low maintenance interior and exterior, huge shade tree in front. The ...

    • 3 Beds
    • 2 Baths
    • NP20217377 MLS
    • Active Status
    20311     Riverside Drive, Newport Beach image
    20311 Riverside Drive, Newport Beach $1,249,000

    Residential kennel property. Large lot. Ample parking (up to 7 vehicles, or 5 plus RV) inc. carport. Low maintenance interior and exterior, huge shade tree in front. The ...

    • NP20219053 MLS
    • Active Status
    129     Agate Ave, Newport Beach image
    129 Agate Ave, Newport Beach $2,999,990

    Welcome to Balboa Island.. a wonderful magical island that offers walkability on a sidewalk that circles the bay- from downtown with shops, restaurants and the famous Dad...

    • 3 Beds
    • 3 Baths
    • NP20196170 MLS
    • Active Status
    1257     Santa Barbara Drive, Newport Beach image
    1257 Santa Barbara Drive, Newport Beach $4,315,000

    Rare prime location Meridian end unit PENTHOUSE with sweeping views from south of San Clemente Island past Catalina to the PV peninsula, over Orange County to LA. There a...

    • 2 Beds
    • 3 Baths
    • NP20217909 MLS
    • Active Status
    115     39th Street, Newport Beach image
    115 39th Street, Newport Beach $3,995,000

    This incredible beachside retreat is located just three houses from the sand on the coveted Balboa Peninsula. Situated on an oversize R-2 zoned lot with a rare abundance ...

    • 6 Beds
    • 5 Baths
    • NP20231345 MLS
    • Active Under Contract Status
    115     39th Street, Newport Beach image
    115 39th Street, Newport Beach $3,995,000

    This incredible beachside retreat is located just three houses from the sand on the coveted Balboa Peninsula. Situated on an oversize R-2 zoned lot with a rare abundance ...

    • NP20230964 MLS
    • Active Under Contract Status
    2901   W Coast, Newport Beach image
    2901 W Coast, Newport Beach $3,999,888

    Electric Boat, Kayaks and Paddle Boats Rental Business for Sale. A rare opportunity to own this established business in the heart of Newport Beach. The business operation...

    • CV20231527 MLS
    • Active Status
    2901   W Coast, Newport Beach image
    2901 W Coast, Newport Beach $1,250,888 ▲

    Yacht and Business for sale in Newport Harbor. It includes the Liquor License, Book of Business and all the equipment. Please contact the agent for a private tour. The bo...

    • CV20231638 MLS
    • Active Status
    508     WESTMINSTER Avenue, Newport Beach image
    508 WESTMINSTER Avenue, Newport Beach $2,799,900

    *** BANKRUPTCY COURT SALE - EQUITY SALE (SHORT SALE NOT YET APPROVED) *** IN THE HEART OF NEWPORT BEACH SECONDS FROM THE HARBOR. STUNNING MEDITERRANEAN ESTATE FILLED WI...

    • 5 Beds
    • 6 Baths
    • OC20237643 MLS
    • Active Status
    240     Nice Lane   102 Unit 102, Newport Beach image
    240 Nice Lane 102 Unit 102, Newport Beach $649,000

    Spacious 2 Bedroom Villa Balboa Condo. Single level open floor plan. Inside laundry. Highly desirable community moments to the oceanfront. Resort-like living. Fantastic a...

    • 2 Beds
    • 1 Baths
    • NP20239201 MLS
    • Active Status
    1025   E Balboa Boulevard, Newport Beach image
    1025 E Balboa Boulevard, Newport Beach $7,195,000 ▼

    Displaying arguably some of the best views along the boardwalk this light-filled, corner oceanfront home on Balboa Peninsula captures inspiring panoramic vistas up and do...

    • NP20242430 MLS
    • Active Status
    23     Channel Rd, Newport Beach image
    23 Channel Rd, Newport Beach $565,000

    *** THIS PROPERTY IS LOCATED ON LAND LEASE i.e. House Owner additionally pays at $4,600 per month to Landowner.*** Welcome home to 23 Channel Road, one of Newport Beach...

    • 2 Beds
    • 3 Baths
    • OC20244122 MLS
    • Active Status
    344     Mayflower Drive, Newport Beach image
    344 Mayflower Drive, Newport Beach $239,000

    Unique corner location in Bayside Village provides a large yard for this customized manufactured cottage home. Bayside Village is in the heart of Newport Beach and is ju...

    • 2 Beds
    • 2 Baths
    • NP20198608 MLS
    • Active Status
    234     Prospect Street, Newport Beach image
    234 Prospect Street, Newport Beach $1,799,000

    This four bedroom, three bathroom home is located just blocks from one of Newport's finest beaches. It has been tastefully updated and remodeled to include an open gourme...

    • 4 Beds
    • 3 Baths
    • NP20236927 MLS
    • Active Under Contract Status
    521     Ventaja, Newport Beach image
    521 Ventaja, Newport Beach $1,449,000

    Fantastic location in the Esabluff area of Newport Beach. Walking distance to shopping and tennis club. Very spacious 5 bedroom "Z" plan on corner lot. First floor master...

    • 5 Beds
    • 3 Baths
    • NP20248479 MLS
    • Active Status
    9     Crestwood, Newport Beach image
    9 Crestwood, Newport Beach $7,999,000

    One of the finest ocean view custom estates to be offered in Newport Beach, 9 Crestwood is championed behind the exclusive guard gates of Harbor Ridge. Ideally situated t...

    • 5 Beds
    • 7 Baths
    • OC20179493 MLS
    • Active Under Contract Status
    2425     Santiago Drive, Newport Beach image
    2425 Santiago Drive, Newport Beach $6,350,000 ▼

    This stunning estate located on almost 1.1 acres in Newport Beach on the highly desirable street of Santiago Drive is truly remarkable. The gated compound boasts the main...

    • 6 Beds
    • 8 Baths
    • NP20204539 MLS
    • Active Status
    3233     Clay Street   1 Unit 1, Newport Beach image
    3233 Clay Street 1 Unit 1, Newport Beach $1,495,000

    Charming remodeled home in desirable Newport Heights. Step inside this Bright, Light, and Airy home. Downstairs is open with a wonderful layout for entertaining. Large be...

    • 3 Beds
    • 3 Baths
    • NP20260915 MLS
    • Active Status
    3121   W Coast Highway   2D Unit 2D, Newport Beach image
    3121 W Coast Highway 2D Unit 2D, Newport Beach $999,000

    If you want to live any closer to the water, you'd have to live on a boat! Luckily you can have the best of both worlds here in a prime Newport Harbor waterfront condo w/...

    • 2 Beds
    • 2 Baths
    • 20597994 MLS
    • Active Status
    1800     Port Westbourne Place, Newport Beach image
    1800 Port Westbourne Place, Newport Beach $4,795,000

    Arguably the Port Streets’ most impressive estate available for the first time and situated on a premium corner lot within the coveted inside loop. Custom built by RDM Ge...

    • 6 Beds
    • 6 Baths
    • NP20259329 MLS
    • Active Under Contract Status
    314     Amethyst Avenue, Newport Beach image
    314 Amethyst Avenue, Newport Beach $3,495,000

    This immaculately maintained Balboa Island traditional style home is in turnkey, perfect, move-in condition. Lightly used since the current owners purchased the property,...

    • 3 Beds
    • 5 Baths
    • NP20258712 MLS
    • Active Status
    400   E Oceanfront, Newport Beach image
    400 E Oceanfront, Newport Beach $5,750,000

    Welcome to Casa al Mare! Incredible attention to detail is the only way to describe this unique California Modern oceanfront Triplex located between the Newport and Balbo...

    • 7 Beds
    • 6 Baths
    • P1-1051 MLS
    • Active Under Contract Status
    1301     Kings Road, Newport Beach image
    1301 Kings Road, Newport Beach $9,375,000

    Located atop the Newport Harbor on prestigious Kings Road, this newly built (2017) residence embodies the coastal lifestyle with zero-transition indoor-outdoor spaces rev...

    • 4 Beds
    • 7 Baths
    • NP21001912 MLS
    • Active Status
    2571     Vista Drive, Newport Beach image
    2571 Vista Drive, Newport Beach $3,200,000

    Incredible corner house opportunity behind the gates of Bayshores. The house was built in 1946 and is an original. Sunny exposure, with parking in front and down the side...

    • 3 Beds
    • 2 Baths
    • NP20244579 MLS
    • Active Under Contract Status
    2636     Basswood Street, Newport Beach image
    2636 Basswood Street, Newport Beach $2,290,000

    This elegant and expanded soft contemporary single level masterpiece showcases the perfect balance of craftsmanship, usability, and warmth with modern finishes while occu...

    • 4 Beds
    • 3 Baths
    • NP21003212 MLS
    • Active Status
    1710   E Bay Avenue, Newport Beach image
    1710 E Bay Avenue, Newport Beach $10,595,000 ▼

    1710 E Bay and 1709 E Bay is a very rare opportunity to have both a beautiful bayfront and a  separate guest house immediately behind. Custom built in 2010 this unique Ba...

    • 5 Beds
    • 7 Baths
    • NP20208903 MLS
    • Active Status
    2834     Irvine Avenue, Newport Beach image
    2834 Irvine Avenue, Newport Beach $1,699,000

    Pristine single level pool home in Newport Beach! on a large lot with gorgeous curb appeal. This home has AC, distressed hardwood floors, custom window and door trims, gr...

    • 4 Beds
    • 3 Baths
    • NP21006512 MLS
    • Active Status
    1031     Kings Road, Newport Beach image
    1031 Kings Road, Newport Beach $3,895,000

    Welcome to 1031 Kings Road, with sit-down ocean views from every level and multiple balconies, this home frames the Pacific Ocean and Catalina Island like a piece of art....

    • 5 Beds
    • 5 Baths
    • OC21009445 MLS
    • Active Under Contract Status
    12     Latitude Court   21 Unit 21, Newport Beach image
    12 Latitude Court 21 Unit 21, Newport Beach $625,000

    Secluded location in Newport Beach adjacent to the Talbert Nature Reserve and just 2 miles to the beach. Enjoy the Ocean Air and living close to nature with a hiking and ...

    • 3 Beds
    • 3 Baths
    • PW21009751 MLS
    • Active Under Contract Status
    6     Hillsborough, Newport Beach image
    6 Hillsborough, Newport Beach $3,795,000

    Situated on a private cul-de-sac in the highly sought after community of Harbor Hill, 6 Hillsborough features the best of California coastal chic and modern design eleme...

    • 4 Beds
    • 5 Baths
    • OC20198417 MLS
    • Active Status
    2601     Blackthorn Street, Newport Beach image
    2601 Blackthorn Street, Newport Beach $3,599,000

    Expanded and completely remodeled in the coveted community of Eastbluff, 2601 Blackthorn is the perfect blend of contemporary & traditional styles. The 5 bedroom home wi...

    • 5 Beds
    • 5 Baths
    • NP21011981 MLS
    • Active Under Contract Status
    95     Ocean Vista, Newport Beach image
    95 Ocean Vista, Newport Beach $1,869,000

    This highly coveted location sits at the end of a quiet cul-de-sac at the top of Sea Island, on the very best street, and is the epitome of sophisticated living. This hig...

    • 3 Beds
    • 4 Baths
    • NP20263396 MLS
    • Active Under Contract Status
    355     Placentia Avenue   210 Unit 210, Newport Beach image
    355 Placentia Avenue 210 Unit 210, Newport Beach $299,000

    This attractive unit is located on the 2nd floor of a desirable medical building. One of the few units that has a view. Spacious and versitile space that can be configu...

    • OC21013714 MLS
    • Active Under Contract Status
    1608     Dover Drive, Newport Beach image
    1608 Dover Drive, Newport Beach $2,699,999

    Beautiful remodeled home with an open floor plan in the coveted neighborhood of Dover Shores. The kitchen is equipped with stainless steel Thermador appliances, stunning...

    • 4 Beds
    • 4 Baths
    • OC21007494 MLS
    • Active Status
    500     Harbor Woods Place, Newport Beach image
    500 Harbor Woods Place, Newport Beach $949,000

    Location, Location, Location! Highly Upgraded Newport Beach Townhouse Completely Remodeled the Finest Materials. Situated on a Corner, Bordering Corona del Mar, The Lar...

    • 2 Beds
    • 3 Baths
    • NP20260654 MLS
    • Active Status
    23     Chatham Court, Newport Beach image
    23 Chatham Court, Newport Beach $2,275,000

    Located in the heart of Newport Beach within the charming guard gated community of Belcourt, this nearly 3600 sf transitional home offers convenience and luxury at an unp...

    • 2 Beds
    • 3 Baths
    • OC21014882 MLS
    • Active Under Contract Status
    1700   E OCEAN Boulevard, Newport Beach image
    1700 E OCEAN Boulevard, Newport Beach $4,300,000 ▼

    *** BANKRUPTCY COURT SALE - EQUITY SALE (NOT REO, BANK OWNED OR SHORT SALE) *** PROPERTY IS SOLD FREE AND CLEAR OF LIENS. CONSTRUCTION HAS BEEN HALTED. NEW CONSTRUCTIO...

    • 4 Beds
    • 5 Baths
    • OC21017343 MLS
    • Active Status
    206     Onyx Avenue, Newport Beach image
    206 Onyx Avenue, Newport Beach $3,795,000

    Stunning 3-Bedroom, 5-Bath Balboa Island Tri-Level Contemporary Home with Elevator - 206 Onyx Avenue combines the very best of modern design with an ultra-cool coastal vi...

    • 3 Beds
    • 5 Baths
    • NP20193681 MLS
    • Active Under Contract Status
    1972     Port Ramsgate Place, Newport Beach image
    1972 Port Ramsgate Place, Newport Beach $4,675,000

    This spectacular new construction custom home is located on a premier street just steps from the green belt and community pool in the coveted "Port Streets" neighborhood....

    • 5 Beds
    • 7 Baths
    • NP20243185 MLS
    • Active Status
    327     Snug Harbor Road, Newport Beach image
    327 Snug Harbor Road, Newport Beach $3,750,000 ▼

    This is the opportunity you have been waiting for…an expansive residence located in the Cliffhaven neighborhood, a coveted enclave of Newport Heights. Known for its tree-...

    • 4 Beds
    • 4 Baths
    • NP21007261 MLS
    • Active Status
    613   E Balboa Boulevard   A Unit A, Newport Beach image
    613 E Balboa Boulevard A Unit A, Newport Beach $2,300,000

    Beautiful Condo on Balboa Peninsula in Newport Beach located in between the Balboa Pier and the Balboa Fun Zone. The home is 1877 sq ft with 3 bedrooms and 3 bathrooms ...

    • 3 Beds
    • 3 Baths
    • 21685766 MLS
    • Active Status
    1008   W Oceanfront, Newport Beach image
    1008 W Oceanfront, Newport Beach $7,295,000

    Seize this opportunity to own a beachfront jewel with a 3-car garage situated on a rare extra-wide 40ft lot on the coveted 1000 Block of Balboa Peninsula in Newport Beach...

    • 5 Beds
    • 4 Baths
    • NP21006567 MLS
    • Active Status
    204     7th Street, Newport Beach image
    204 7th Street, Newport Beach $3,295,000

    Completely upgraded throughout, 204 7th St. combines an entertainer’s dream home with the ideal Balboa Peninsula location, to present the ultimate experience of beach liv...

    • 3 Beds
    • 3 Baths
    • NP21019611 MLS
    • Active Status
    2815     Newport Boulevard, Newport Beach image
    2815 Newport Boulevard, Newport Beach $2,250,000

    Free standing Building** lots of potential** This property presents an excellent investment opportunity in the sought after and high barrier to entry Eastside Costa Mesa ...

    • PW20174309 MLS
    • Active Status
    200     Sapphire Avenue, Newport Beach image
    200 Sapphire Avenue, Newport Beach $3,650,000

    Welcome Home!! This 1800's Reproduction built by Patterson homes in 2006 is one of the rarest finds. Just a short walk in one direction to the shops and restaurants on Ma...

    • 4 Beds
    • 4 Baths
    • OC21020217 MLS
    • Active Status
    1010     Kings Road, Newport Beach image
    1010 Kings Road, Newport Beach $9,999,999

    Newport Heights most iconic "modern craftsman" home on Kings Road with a multimillion $ remodel, featuring 7300 feet+ with 6 bed/5.5 bath, up to 6 car parking, basement, ...

    • 6 Beds
    • 6 Baths
    • NP20231330 MLS
    • Active Status
    215     30th Street, Newport Beach image
    215 30th Street, Newport Beach $1,695,000

    Rare opportunity to build your own Dream Beach Home on this Quiet R2 zoned lot. Perfect Investment home. Live in this lovely cottage while you build another unit or compl...

    • 2 Beds
    • 1 Baths
    • OC20182525 MLS
    • Active Status
    402   S Bay Front, Newport Beach image
    402 S Bay Front, Newport Beach $4,595,000

    Here is your opportunity to build the "house of your dreams" in one of Newport Beach's most fun and iconic locations, South Bay Front, Balboa Island. This spectacular vie...

    • 3 Beds
    • 4 Baths
    • LG21021716 MLS
    • Active Status
    25     Bay Island, Newport Beach image
    25 Bay Island, Newport Beach $15,995,000

    Historic Bay Island’s northwestern point is the location of this landmark Craftsman-style, bay front home, on two buildable lots with 110' of waterfrontage, complete with...

    • 3 Beds
    • 4 Baths
    • LG21020988 MLS
    • Active Status
    1504   W Oceanfront, Newport Beach image
    1504 W Oceanfront, Newport Beach $24,500,000

    >>>5 PROPERTIES TOGETHER ##OCEAN FRONT##8800 SQ FT##^^++THIS IS A EXTREMELY EXTRAORDINARY OPPORTUNITY TO OWN AN OCEANFRONT PROPERTY AT A VERY DESIRABLE FAMILY QUIET LOCAT...

    • 9 Beds
    • 9 Baths
    • OC21014808 MLS
    • Active Status
    3216     Clay Street, Newport Beach image
    3216 Clay Street, Newport Beach $1,625,000

    Come live the beach lifestyle in this newly remodeled contemporary Newport Heights home. Newly updated with modern luxuries that include Italian marble counter tops throu...

    • 3 Beds
    • 3 Baths
    • NP20252668 MLS
    • Active Status
    845     Via Lido Nord, Newport Beach image
    845 Via Lido Nord, Newport Beach $4,500,000 ▼

    OPEN SUNDAY APRIL 11, 1-4PM. Amagnificent Lido Isle residence poised on an oversized (nearly double), prime corner lot at the coveted eastern tip of Lido Isle. With appro...

    • 4 Beds
    • 5 Baths
    • NP21022549 MLS
    • Active Status
    201     Tremont Drive   201 Unit 201, Newport Beach image
    201 Tremont Drive 201 Unit 201, Newport Beach $275,000

    SAVE $2 Million & $2,600 P/MO. in TAXES, HOA dues, water, trash & sewer! Because its all included in the $2675 space rent + $45 TAXES p/mo. to LIVE A NEWPORT BAY RESORT S...

    • 3 Beds
    • 3 Baths
    • OC21023450 MLS
    • Active Under Contract Status
    22     Coventry Street   27 Unit 27, Newport Beach image
    22 Coventry Street 27 Unit 27, Newport Beach $1,275,000 ▼

    MAKE ME YOURS! This 2 bedroom 2 full bath Dynasty Model is located on a quiet street with spectacular unobstructed panoramic reservoir water, Valley light view, mountain,...

    • 2 Beds
    • 2 Baths
    • LG21024921 MLS
    • Active Status
    133     Agate Avenue, Newport Beach image
    133 Agate Avenue, Newport Beach $3,295,000 ▼

    Luxury, comfort and convenience in a resort island setting in this beautiful custom Balboa Island 4 bedroom home! Situated on a premiere corner lot in a prominent locatio...

    • 4 Beds
    • 4 Baths
    • NP21025181 MLS
    • Active Status
    1253     Santa Barbara Drive, Newport Beach image
    1253 Santa Barbara Drive, Newport Beach $3,795,000

    Located within a private enclave community, this masterfully designed penthouse level home is envisioned to reflect the areas beautiful natural surroundings. Its design ...

    • 2 Beds
    • 3 Baths
    • OC21024755 MLS
    • Active Under Contract Status
    1430     Newporter Way, Newport Beach image
    1430 Newporter Way, Newport Beach $2,095,000

    Arguably one of the best locations in Newport Beach!!!! Across the street from world famous Fashion Island, Newport Beach Country Club and less than a mile form Balboa Is...

    • 3 Beds
    • 3 Baths
    • NP21024510 MLS
    • Active Status
    1921     Windward Lane, Newport Beach image
    1921 Windward Lane, Newport Beach $4,795,000 ▼

    Welcome to 1921 Windward Lane, this one of a kind custom built home sits on an oversized 12,095 sq ft. lot in the highly coveted community of Dover Shores. Offering quali...

    • 5 Beds
    • 6 Baths
    • NP20222666 MLS
    • Active Status
    203     Tremont Dr, Newport Beach image
    203 Tremont Dr, Newport Beach $425,000

    This very charming 2 bdrm 2 bath, newer 1224 sq ft Silvercrest manufactured home, highly appointed and customized with tons of upgrades is simply gorgeous! Situated in th...

    • 2 Beds
    • 2 Baths
    • OC21026620 MLS
    • Active Status
    1601     Kings Road, Newport Beach image
    1601 Kings Road, Newport Beach $5,800,000 ▼

    Luxury three-story Tuscan style home with City to Ocean Views that features 5 bedrooms, 5 bathrooms and over 5 thousand square feet of living space located in one of the ...

    • 5 Beds
    • 5 Baths
    • PW21025112 MLS
    • Active Status
    2008     Vista Cajon, Newport Beach image
    2008 Vista Cajon, Newport Beach $1,269,000

    Wonderful 3 bedroom / 2 bath townhome located in close to CDM High school. Wonderful sunsets every night . The home has new wood like flooring thru out the home, Stainl...

    • 3 Beds
    • 2 Baths
    • NP20229871 MLS
    • Active Under Contract Status
    121   E Edgewater Avenue, Newport Beach image
    121 E Edgewater Avenue, Newport Beach $6,995,000 ▼

    BEST VALUE ON THE BAYFRONT-BELOW REPLACEMENT COST! BEST VIEWS! Mesmerizing harbor, city lights and mountains from this recently renovated, corner bayfront home with 45' f...

    • 4 Beds
    • 4 Baths
    • OC20230018 MLS
    • Active Status
    213     19th Street   1 Unit 1, Newport Beach image
    213 19th Street 1 Unit 1, Newport Beach $2,900,000

    YOUR DREAM LOCATION JUST STEPS FROM THE SAND WITH UNOBSTRUCTED VIEWS OF THE BAY AND THE BEACH. ENJOY THE QUINTESSENTIAL NEWPORT VIEWS AND THE TRANQUILITY OF THE CRASHING ...

    • 2 Beds
    • 3 Baths
    • IG21000017 MLS
    • Active Under Contract Status
    1409     Priscilla Lane, Newport Beach image
    1409 Priscilla Lane, Newport Beach $3,880,000

    Experience the rare combination of owning a brand-new luxury home in an established and mature neighborhood at this custom Modern Farmhouse on a quiet street in Newport B...

    • 5 Beds
    • 5 Baths
    • OC20204817 MLS
    • Active Status
    3307     Via Lido, Newport Beach image
    3307 Via Lido, Newport Beach $3,300,000

    Come check out this award winning three-story townhome set against a coastal backdrop in Newport Beach, CA. Beautiful modern architecture houses 2240 sq. ft. of living sp...

    • 3 Beds
    • 4 Baths
    • TR20246575 MLS
    • Active Under Contract Status
    416     Vista Roma, Newport Beach image
    416 Vista Roma, Newport Beach $999,000

    Nestled in Eastbluff, this single-family attached home beams with Californian sun kissed Spanish style vibes. While surrounded by award winning schools & walking distanc...

    • 3 Beds
    • 3 Baths
    • OC21019032 MLS
    • Active Under Contract Status
    240     Nice Lane   115 Unit 115, Newport Beach image
    240 Nice Lane 115 Unit 115, Newport Beach $559,000 ▼

    Immaculate large 1 bedroom 1 bath, with a small ocean view. Completely updated! beautiful hardwood flrs. Awesome gourmet kitchen, stainless appliances. Upgraded bathroom....

    • 1 Beds
    • 1 Baths
    • OC20254879 MLS
    • Active Status
    538     Vista Grande, Newport Beach image
    538 Vista Grande, Newport Beach $1,400,000

    If you are looking for a MAIN LEVEL MASTER BEDROOM with a spacious open concept living area, this beautiful E plan home in the Bluffs is for you! As you enter the front g...

    • 3 Beds
    • 3 Baths
    • NP21019881 MLS
    • Active Under Contract Status
    20101     Cypress Street, Newport Beach image
    20101 Cypress Street, Newport Beach $9,995,000 ▼

    Situated on a huge approximate .6-acre parcel in Upper Back Bay, awaits this newly-built (2017) compound-like residence set behind private gates featuring more than 12,20...

    • 6 Beds
    • 10 Baths
    • NP20243768 MLS
    • Active Status
    290     Mayflower Dr., Newport Beach image
    290 Mayflower Dr., Newport Beach $279,000

    THIS TRULY IS THE BEST KEPT SECRET IN NEWORT BEACH. Resort style living with an amazing location. Charming updated 2 bedroom 2 bath home on one of the most desirable str...

    • 2 Beds
    • 2 Baths
    • NP21008898 MLS
    • Active Under Contract Status
    284     Cambridge, Newport Beach image
    284 Cambridge, Newport Beach $125,000 ▼

    Cottage home in Bayside Village in the heart of Newport Beach on large lot with rare below market land lease. Updated kitchen with granite counters, tile backsplash, sta...

    • 2 Beds
    • 2 Baths
    • NP19182323 MLS
    • Active Status
    526     Riverside Avenue, Newport Beach image
    526 Riverside Avenue, Newport Beach $3,499,900 ▲

    This 6,047 square foot custom home is located in the highly desirable enclave of Newport Heights in Newport Beach, California. It features 5 bedrooms, 4.5 bathrooms, and ...

    • 5 Beds
    • 5 Baths
    • OC21000574 MLS
    • Active Status
    1986     Port Ramsgate Place, Newport Beach image
    1986 Port Ramsgate Place, Newport Beach $4,950,000

    1986 Port Ramsgate, Aquaterra Homes' latest masterpiece, offers 5 bedrooms each with their own private bath, including a downstairs guest/ in-law suite as well as a main ...

    • 5 Beds
    • 6 Baths
    • NP21010239 MLS
    • Active Under Contract Status
    127     24th, Newport Beach image
    127 24th, Newport Beach $1,799,900

    Location, location, location, this charming property is in the heart of the Newport Beach Peninsula on the ocean side of Balboa Blvd., just steps from the sand. You’re in...

    • 3 Beds
    • 3 Baths
    • OC21005387 MLS
    • Active Under Contract Status
    127     24th Street, Newport Beach image
    127 24th Street, Newport Beach $1,799,900

    Location, location, location, this charming property is in the heart of the Newport Beach Peninsula on the ocean side of Balboa Blvd., just steps from the sand. You’re in...

    • OC21004144 MLS
    • Active Under Contract Status
    13     Bluefin Court, Newport Beach image
    13 Bluefin Court, Newport Beach $875,000

    Come on down to Nautical Mile in Newport Beach. This offering has it all...sophistication, luxury, and style, all packaged to make it one of Newport's best condo communit...

    • 3 Beds
    • 3 Baths
    • NP21021395 MLS
    • Active Under Contract Status

    Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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