In general, the inventory of short sales is up from prior month, and for the year there were 124 short sales sold in comparison to 2010 when 100. In my opinion, the absorption rate will remain a stable to a buyer's market. Buyers in general perceive short sales as the best "deals" out there. However, as I stated above, banks want fair market value for the property.
If I can answer any questions about short sales in Newport Beach, please contact me.
Search the MLS for homes for sale in Newport Beach that are short sales, and short sales in Newport Beach.
$5,188,000 : 111 Via Lido Soud, Newport Beach4 beds, 4 full, 1 half baths
$3,650,000 : 1806 E Balboa Boulevard, Newport Beach7 beds, 5 full, 1 three-quarter, 2 half baths
$1,690,000 : 3811 River Avenue, Newport Beach3 beds, 1 full, 1 three-quarter, 1 half baths
$2,800,000 : 12 Napoli, Newport Beach5 beds, 5 full, 1 half baths
See all Newport Beach Short Sale Property for Sale.
(all data current as of 12/8/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.