NEWPORT COAST

 
Newport Coast resale prices spike higher

Newport Coast Overview Median home price is $1,406,000. Based on a rental parity value of $971,000, this market is over valued. Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased to $545/SF to $579/SF. Resale prices have been rising for 1 month(s). Price momentum suggests unchanging prices over the next three months. Median rental rates declined $666 last month from $4,766 to $4,100. Rents have been rising [Read More...]

 
February 2012 OC Housing Market Newsletter

Below is the Update for the OC Housing Market as of December 31, 2011. It is free to download. You can also sign up to have this report emailed to you on a monthly basis. The Real State of OC Real Estate OC Housing News monthly market report and newsletter provides a clear picture of the health of the housing market. Both buyers and sellers find the information timely and relevant to their decision to buy or sell a home. [Read More...]

 
Newport Coast REO more than 30% off the peak

Newport Coast is being crushed by REOs. This property is discounted more than 30% from its peak purchase price, and the bank still can’t find a buyer. With more than 120 days on the market, more price reductions are on the way. – —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- [Read More...]

 
11 EUCALYPTUS Newport Coast, CA 92657

This Newport Coast property was purchased by a Ponzi in 2004 for $1.35M. The bank bought it back for $2M. The mortgage equity withdrawal must have been staggering. The bank is looking at a $500,000 loss. Houses priced over $1M are facing major pricing pressure from REOs like this one. ——————————————————————– This property is available for sale via the MLS. Please contact Shevy Akason, #01836707 949.769.1599…… sales@ochousingnews.com….. —— —- —- —- —- —- —- —- —- —- —- —- —- [Read More...]

© 2011 ochousingnews.com Privacy Policy | Disclaimer Wordpress Expert