Corona del Mar CA Real Estate Market Update

Corona del Mar CA real estate sales market update – July 19, 2016
Corona del Mar is one of the most sought-after areas for residential living and investment in Southern California.  Where the average selling price of a home is more than $2.5 million, investors are still attracted to their opportunities.
  • 30 Corona del Mar homes sold during June 2016
  • $2,538,547 – average sold price
  • 2524 SF – average interior size
  • 87 – average number of days on the market for those sold homes
Corona del Mar Homes
23 Corona del Mar homes sold last year during June 2015
  • $2,762,000 – average sold price
  • 2,539 SF – average interior size
  • 66 – average number of days on market for those sold homes
Corona del Mar now has 99 homes listed for sale  

The estate home at 415 Avocado is now the most expensive home now listed for sale at Corona del Mar – with price tag of $24,700,000.

By Harrison K. Long, Realtor and Real estate broker – CALBRE #01410855.  Broker associate at HomeSmart Evergreen Realty.  Contact me at 949-701-2515 for more information about Corona del Mar homes – and the buying or selling process for CDM and Newport Beach CA homes and real estate.

See – LiveCoronadelmar.com

See – LiveAtNewportBeach.com

“Corona del Mar CA real estate sales market update and report”

Posted in CDM home selling, Classic beach properties, Coast Living Homes, Coastal Orange County, Corona del Mar, Corona del Mar home selling, Corona del Mar property values, Corona del Mar real estate, Home buying strategy, Home selling strategy, Newport Beach CA | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Corona del Mar Home Selling Market Update for October 2015

Corona del Mar main bech with big surf

Corona del Mar CA is a classic Southern California beach and ocean-oriented community.  It’s located above the cliffs of the Pacific Ocean and lives up to its name – “Crown of the Sea.”

Corona del Mar Real Estate

 

 

CDM is part of Newport Beach and has an aesthetic of its own, with ocean view estate properties, and vintage cottages and houses side-by-side on flower-named residential streets.

23 Corona del Mar homes were sold this year during October 2015.

$3,032,000 was average sold price of those homes.

60 days was average time on market for those sold homes.

214 Corona del Mar homes have sold so far this year as of November 15, 2015.

$2,431,000 has been average home selling price at Corona del Mar this year during 2015.

See Corona del Mar CA homes now listed for sale – click here 

CDM Main beachResidents and visitors can enjoy restaurants, quiet music spots, and restaurants with diverse dining choices.

By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed for lease by all brokers and agents.   We provide professional REALTOR® agent and broker representation and help for property owners, buyers and investors – for their best decisions about homes and real estate.  Contact us to find out more about Corona del Mar homes and real estate.

“Corona del Mar CA home selling market update”

Posted in CDM home selling, Corona del Mar, Corona del Mar home selling, Corona del Mar property values, Corona del Mar real estate, Home selling strategy | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

2015 Corona del Mar CA Home Selling Market Forecast

OLYMPUS DIGITAL CAMERA

Corona del Mar CA Home Selling Market Forecast for 2015

Corona del Mar homes

245 Corona del Mar homes sold last year during 2014.  $2,174,168 was the average sold price of those homes.

Corona del Mar had a 4.6 percent drop in number of homes sold in 2014 as compared with 2013 – when 257 were sold.

73 Corona del Mar homes are now listed for sale on the multiple listing service – with average asking price of $4,456,000.

See Corona del Mar homes for sale here.

11 sellers at Corona del Mar got buyers into purchase contracts during the past 30 days.

Current asking prices are high as compared with average solds at Corona del Mar.  7 months is the expected market time (that time it would theoretically take to sell all homes now on the market at the current rate of sale).

2015 Home selling market forecast

  •  2015 will present good opportunities at Corona del Mar for serious home sellers and buyers.
  • Home sellers at CDM who list their homes close to fair market value – priced at what others have sold in those neighborhoods for during the past 3 months – will sell successfully.
  • Home sellers who list at more than $4 million will find fewer buyers and need to be patient.
  • Some sellers who list at high prices outside of range of fair market value and will be challenged by buyers who are willing to pay perceived value.
  • Buyer demand will remain subdued, similar to 2014.
  • The Corona del Mar home selling market will follow a normal cycle.  The strongest buyer demand coupled with a new inventory of homes for sale will occur during the Spring, followed by slightly less demand and a continued fresh supply of homes in the Summer, then another drop in supply and fewer new listings in the Autumn Market.  Finally, the distractions of the Holiday market 2015 will present lowest demand of the year and few homeowners opting to sell.
  • The number of successful, closed sales at CDM will be similar to that from last year 2014 levels.  Expect an increase in number of “move-up” sellers during 2015.
  • Freddie and Fannie (government GSE’s) will have new loans for as little as 3% down.
  • There will be improved mortgage market competition from direct lenders who are not as government regulated.

  • Even though home loan mortgage rates have remained low for several years, the FED might allow the fund rate to go up.  That would result in higher mortgage rates.
  • 2015 will be a good year at Corona del Mar CA for home selling and buying.

Coldwell Banker residential brokerage

 

By Harrison K. Long, Realtor, real estate broker, and professional real estate representative at Orange County CA.   Source of some information is CRMLS multiple listing service and also ReportsOnHousing.com.  

We provide professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.  Contact us at 949-854-7747 with your questions about home prices and values at Orange County CA cities and areas with Home Selling and Real Estate market updates.

Posted in Classic beach properties, Coast Living Homes, Coastal Orange County, Corona del Mar, Newport Beach CA, Newport Beach homes and real estate | Tagged , , , , , , , , , , , , , , , , | Leave a comment

2015 Corona del Mar CA Home Selling Market Forecast

OLYMPUS DIGITAL CAMERA

Corona del Mar CA Home Selling Market Forecast for 2015

Corona del Mar homes

245 Corona del Mar homes sold last year during 2014.  $2,174,168 was the average sold price of CDM homes last year.

Corona del Mar had a 4.6 percent drop in number of homes sold in 2014 as compared with 2013 – when 257 were sold.

73 Corona del Mar homes are now listed for sale – with average asking price of $4,456,000.

See Corona del Mar homes for sale here.

11 sellers at Corona del Mar got buyers into purchase contracts during the past 30 days.

Because current asking prices that are high as compared with average solds at Corona del Mar, 7 months is the expected market time (that time it would theoretically take to sell all homes now on the market at the current rate of sale).

2015 Home selling market forecast

  •  2015 will present good opportunities at Corona del Mar for serious home sellers and buyers.
  • Home sellers at CDM who list their homes close to fair market value – priced at what others have sold in those neighborhoods for during the past 3 months – will sell homes successfully.
  • Home sellers who list at more than $4 million will find fewer buyers and need to be patient.
  • Some sellers who list at high prices outside of range of fair market value and will be challenged by buyers who are willing to pay perceived value.
  • Buyer demand will remain subdued, similar to 2014.
  • The Corona del Mar home selling market will follow a normal cycle.  The strongest buyer demand coupled with a new inventory of homes for sale will occur during the Spring, followed by slightly less demand and a continued fresh supply of homes in the Summer, then another drop in supply and fewer new listings in the Autumn Market.  Finally, the distractions of the Holiday market 2015 will present lowest demand of the year and few homeowners opting to sell.
  • The number of successful, closed sales will be similar to that from last year 2014 levels.  There will be an increase in the number of “move-up” sellers during 2015.
  • There will be improved mortgage market competition this year from direct lenders who are not as regulated by the government.
  • Even though mortgage rates have remained low for several years, that was the FED’s manipulation of the system.  When the FED starts increasing the Federal Fund Rate, that will result in higher mortgage rates.
  • 2015 will be a good year at Corona del Mar CA for home selling and buying.

Coldwell Banker residential brokerage

 

By Harrison K. Long, Realtor, real estate broker, and professional real estate representative at Orange County CA.   Source of some information is CRMLS multiple listing service and also ReportsOnHousing.com.  

We provide professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.  Contact us at 949-854-7747 with your questions about home prices and values at Orange County CA cities and areas with Home Selling and Real Estate market updates.

Posted in Classic beach properties, Coast Living Homes, Coastal Orange County, Corona del Mar, Corona del Mar home selling, Corona del Mar property values, Corona del Mar real estate | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Roger’s Gardens at Newport Beach CA Has Everything Coming Up Roses!

JustJoey - rose at Roger's gardensRoger’s Gardens at Newport Beach CA has everything coming up roses – especially this weekend – October 25 and 26!

The Orange County Rose Show takes place at Roger’s Gardens this weekend as the Orange County Rose Society presents its annual Bounty of Roses show, one of the largest rose shows in the state.

Hundreds of blooms from some of the top rosarians in the country will be entered into the accredited show, which is sanctioned by the American Rose Society.

Novices are encouraged to enter their roses, and the show is free and open to the public.

For details, visit Roger’s Gardens’ website, and to view the schedule, click here.  The show will be open from 1:30 to 5 p.m. Saturday and from 9 a.m. to 4 p.m. Sunday.

Roger’s Gardens is located at 2301 San Joaquin Hills Road.

 

Coldwell Banker residential brokerage

By Harrison K. Long.  Source of some information Roger’s Gardens and its web site.

Posted in Coast Living Homes, Coastal Orange County, Corona del Mar, Newport Beach CA, Newport Beach homes and real estate | Tagged , , , , , , | Leave a comment

Corona del Mar Home Sales and Prices Market Update

Corona del Mar Home Selling and Prices Market Update

Corona del Mar main beach was an especially exciting place on August 27, 2014 – with huge waves after hurricane swell.

Corona del Mar CA home selling and prices market update shows:

103 Corona del Mar homes are now listed for sale on the CRMLS (as of September 17, 2014).

$3,703,000 is the average list price for Corona del Mar homes – as of September 17, 2014.

27 Corona del Mar homes were sold during August 2014.

$2,038,111 was the average Corona del Mar home selling price during August 2014.

Average CDM home selling price in August this year was 44 percent lower that the average asking price.

This big difference between average list price and average selling price is because of combination: (a) some sellers are asking too much for their homes, or (b) fewer of the high-end estate properties with high prices are selling, or (c) smaller size homes are selling this year.

18 Corona del Mar homes were sold last year during same time August 2013.

$2,800,061 was the average CDM home selling price during August 2013.

So Corona del Mar home selling activity was up during August this year as compared with last year August 2013.

Buyers are looking more at prices this year and expect to pay fair market value relative to recent sales.

CDM home buyers have better options this year 2014 and like upgraded homes and value. Sellers are in control of most contract terms, and buyers have more influence on prices.

By Harrison K. Long. Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Corona del Mar and Orange County, CA.

Source of some information is CRMLS and is for homes sold by all brokers and agents.

Contact us at 949-854-7747 with your questions about homes and property values at Corona del Mar CA.

Corona del Mar Home Selling and Prices Market Update

Posted in Coast Living Homes, Corona del Mar, Corona del Mar home selling, Corona del Mar property values, Corona del Mar real estate | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Now is a Great Time for Orange County CA Home Buying

Orange County CA now has more than 8,000 homes listed for sale, which is up about 35 percent from one year ago. Home price appreciation has halted for now. Buyers have lots of choices these days and room for positive negotiation in many situations.

So why are some Orange County CA home buyers waiting? They seem to be nervous and on the sidelines for what they believe will be a real buyers market where they will get the best deals.

Buyers shouldn’t wait. Purchase money mortgage loan rates are still low and hover around 4.1% for a 30-year fixed rate for those who qualify.

Number of homes for sale listings is way up from last year and first part of this year, and buyers have much better choices now.

However, with an expected market time to sell all homes now on the market is just over 3 months, the current Orange County home selling market still favors the sellers and is not yet close to a buyer’s favored market.

Buyers are wishfully thinking and not using facts and real housing data while they wait to buy.

2014 is very different from last year 2013 when Orange County CA was a sizzling seller’s favored market – with homes flying off the market at almost any price.

Just because prices have gone way up does not mean that the market has shifted to a buyer’s market.

Orange County home selling markets are moving more towards a normal, balanced market where neither buyers nor sellers will be able to call the shots.

Today, it’s still a seller’s favored market with very little price appreciation. That means that homes will sell close to the most recent comparable closed sales and sellers will be able to control the terms.

Buyers need to look at the facts about the market and not wait!

 

Coldwell Banker residential brokerage

By Harrison K. Long. Source of some information is Steven Thomas and his ReportsOnHousing.com.

Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

Contact us at 949-854-7747 with your questions about Orange County CA home buying, prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Posted in Corona del Mar home selling, Corona del Mar property values, home buyers, Home selling strategy, OC home value guide, Orange County real estate | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Bluffs Home Remodeled at Newport Beach CA – 325 Vista Suerte

Bluffs Home Remodeled at Newport Beach CA – 325 Vista Suerte

Live beautifully in this stunning, extensively remodeled and renovated home in the “The Bluffs” at Newport Beach!

 

 

 

 

Single family attached home with 3 bedrooms and 2 and one-half bathrooms.

Open-concept kitchen, dining and living area.

Gorgeous custom kitchen rebuilt to the studs – white maple shaker cabinets to ceiling, granite counters, designer backsplash, stainless steel appliances including five burner cooktop and Fisher & Paykel dishwasher drawers, and over-the-stove pot filler.

Soaring ceilings and distressed maple hardwood floors.

Expansive views through French sliding doors to rear patio and lush greenbelt.

Romantic master bedroom with vaulted ceiling overlooking greenbelt.

Spectacular completely renovated ensuite master bath including Carrera marble dual vanity, spacious shower with designer tile & hardware, glass surround and dramatic volume ceiling.

Master bath suite …

Impressive secondary baths rebuilt with new vanities, granite counters, custom tile and raised volume ceilings.

New elements include dual pane windows throughout …

New raised panel wood wardrobe doors, leaded glass entry doorway sidelight, fireplace hearth, crown molding, tall baseboards, light and faucet fixtures, fresh paint, garage door & more.

Location on private community greenbelt near the swimming pool area.

325 Vista Suerte – Bluffs Park Homes at Newport Beach

325 Vista Suerte is the home you have been waiting for!

Offered at $977,500 – CRMLS #OC14121035

Home and listing presented by Harrison and Christi Long, Realtors and professional real estate representatives, Coldwell Banker Residential Brokerage, Newport Beach and Orange County CA – CAL BRE 01410855 – Contact listing agents at 949-701-2515.

Coldwell Banker residential brokerage

By Harrison K. Long – We provide Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA. Contact us with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Posted in Home selling strategy, Listings, Newport Beach CA, Newport Beach homes and real estate, OC home value guide, Orange County home selling, Real Estate News, Realtors for sellers | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Newport Beach CA Home Selling Prices and Numbers for Start of 2014

Newport Beach CA Home Selling Prices and Numbers for Start of 2014

It’s not surprising that Newport Beach CA Home selling prices are up during start of 2014. 
People love Newport Beach where homes are some of the most popular for buyers in this city famous for residential living and investment.

79 Newport Beach homes have sold during first 55 days of 2014 – time ending February 25, 2014.  Average sold price for those was $1,665,068 – and average time on market for those sold homes was 90 days.

83 Newport Beach homes sold during same time last year – first 55 days of 2013.  Average sold price was $1,284,704.  Average time on market for those sold homes was 121 days.

So Newport Beach average home selling prices are up 29 percent for start first 55 days of 2014 – while number of home sales is down 5 percent as compared with same time last year.

12 Newport Heights are homes have sold so far this year – with average sold price of $900,333.

11 Newport Heights homes sold during same time last year – with average sold price at $961,136.

24 Corona del Mar homes sold during first 55 days of this year – with average sold price of $2,615,979.

28 Corona del Mar homes sold during same first 55 days of 2013 – with average sold price of $1,818,889.

8 Eastbluff Newport Beach homes sold during first 55 days of this year – with average sold price of $743,625.

10 Eastbluff Newport Beach homes sold same first 55 days of 2013 – with average sold price at $962,200.

Balboa Island listings

Balboa Peninsula listings

Big Canyon listings

Corona del Mar listings

Eastbluff listings

Harbor View Homes listings

Lido Island listings

Newport Heights listings

Coldwell Banker residential brokerage

Coldwell Banker previews

By Harrison K. Long – Professional real estate representative and Realtor, Coldwell Banker Residential Brokerage, Newport Beach and Orange County, CA – CAL BRE 01410855.  Source of some information is CRMLS and is for homes listed and sold by all brokers and agents.

Connect with us about Newport Beach CA homes and properties and the listing and selling process.  –  Newport Beach CA Home Sales with Prices Up During Start of 2014.

Posted in Coastal Orange County, Corona del Mar, Corona del Mar home selling, Home selling strategy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Eastbluff Newport Beach CA Home Sales and Prices 4th Quarter 2013

Eastbluff Newport Beach CA Home Sales and Prices 4th Quarter 2013

Back bay views from EastbluffEastbluff Newport Beach homes are some of the most popular for buyers in the city that is famous for residential living and investment.

This image views toward the Newport Beach Upper Back Bay from Eastbluff homes.

25 Eastbluff Newport Beach homes sold during 4th quarter 2013 – with average sold price of $1,154,260 – and average time on market for those was 69 days. Eastbluff park

 

39 Eastbluff Newport Beach homes sold same time last year 4th quarter 2012 – with average sold price at $872,599 – and average time on market for those was 77 days.

So Eastbluff home sales unit numbers were down during 4th quarter 2013 – while sold prices were up 32 percent.

Newport Beach city all areas sold 274 homes during 4th quarter 2013 – with average sold price of $1,754,482.  This Newport Beach home selling was solid through the end of 2013.

Balboa Island listings

Balboa Peninsula listings

Big Canyon listings

Corona del Mar listings

Eastbluff listings

Harbor View Homes listings

Lido Island listings

Newport Heights listings

Coldwell Banker residential brokerage

Coldwell Banker previews

By Harrison K. Long – Professional real estate representative and Realtor, Coldwell Banker Residential Brokerage, Newport Beach and Orange County, CA – CAL BRE 01410855.  Source of some information is CRMLS and is for homes listed and sold by all brokers and agents.  Connect with us about Newport Beach CA homes and properties and the listing and selling process.

Eastbluff Newport Beach CA Home Sales and Prices 4th Quarter 2013

Posted in Eastbluff Newport Beach, Newport Beach CA, Newport Beach homes and real estate, OC home value guide, Orange County real estate, Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment