There is so much information out there that it is hard to know what to believe. It does seem to vary from day to day. The press often reports something that is not true or relevant for certain areas. Certainly things are not like they were before but there are still homes selling in all price ranges. Several very highend homes with views in Newport Beach have opened escrow lately. In a high end gated community in NB, a family from out of state bought a beautiful 6300 sq ft. home with a large dock and fabulous view of the Newport Bay. It is a very unique home and was listed at $13,995. I won’t know what it sold for until they close escrow.
Another unique home in Corona Del Mar (Newport Beach area) went into escrow a few days after it hit the market. The rumor has it, the sale was around $13 million cash! I’ll have more information for you and some pictures of some beautiful homes in Crystal Cove next.
Keep thinking positive and remember….if you have a good down payment and good credit….this is an excellent time to buy Real Estate!
