;

Newport Beach REO Market Update, August, 2011

Newport Beach REO Market Update, August, 2011

Newport Beach REO Market Update for August, 2011

Newport Beach

Newport Beach REO home buyers usually face the challenge of competing with multiple offers on the properties. Newport Beach REO home buyers are competing with cash buyers as well. Newport Beach has an inventory of 15 bank-owned homes or REO. There are 15 active listings in all of Newport Beach, there are three in back up, and there are five pending sales in Newport Beach. There were no Newport Beach REO sales during the month of August 2011. That number is down from the same period last year – August 1, 2010, to August 30, 2010 – there were two Newport Beach bank-owned sales.

If I can answer any questions about REO properties in Newport Beach, please contact me.

Search the MLS for Newport Beach REO property and Newport Beach homes for sale.

Price
Beds
Baths
Save Search
Advanced Search

No Results Found.

1 thought on “Newport Beach REO Market Update, August, 2011”

  1. Avatar of Larry Brewer

    I think it’s funny that most people don’t even know what an REO property is, much less how to buy one. I’ve just decided to call them bank owned to prevent confusion from my unsophisticated buyers. I see that the REO market has slowed down in Newport Beach, and it’s slower here also. I take it as a sign that the real estate market is just getting better.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

ABOUT ME

Sharon Paxson is a full-time REALTORĀ® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyerā€™s, Sellerā€™s, Landlords, and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with aĀ top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

REAL ESTATE BROKERAGE SERVICES

  • Newport Beach Homes for Sale/Sharon PaxsonĀ®
  • Newport Beach area buyers, sellers, renters
  • 1100 Newport Center Drive
    Newport Beach, CA 92660
  • 949-280-0681 | DRE 01501912

DISCLAIMER

DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed.

Copyright Ā© 2024 Newport Beach Real Estate

Scroll to Top