Big Canyon in Newport Beach is a highly sought after area in Newport Beach. This market report encompasses all the builder tracts of Big Canyon and there are a total of 6. Some are gated, and there are some that are not such as Big Canyon Villas. If you are searching for a Newport Beach golf course home or a Newport Beach condo, consider Big Canyon. Search for Newport Beach golf course homes, and homes in a Newport Beach gated community in Big Canyon.
The Big Canyon area in Newport Beach is bordered by Ford Road, MacArthur, San Joaquin and Jamboree. Big Canyon is located on the Big Canyon golf course at the Big Canyon Country Club which is a members only club
Currently, there are 14 active listings in Big Canyon in Newport Beach, one in back up status, 1 pending, 5 sales for the month of July, 2012.
The absorption rate in Big Canyon shows 4.0 months for a three month trend, and overall low absorption rate with number of homes selling over the past one year. The market in Big Canyon is a seller’s market.
The absorption rate is continuing to decline. Last month the one month absorption rate was 4.0 and now it is 2.8. It is a seller’s market and with the low inventory, buyers need to consider putting their best offer on the table because it is not unusual to see multiple offers on property, or back up offers.
|Absorption Rate, July, 2012|
|Big Canyon Market Update|
Information Deemed Reliable but not Guaranteed
Courtesy of www.NewportBeachRealEstateCafe.com
Info taken from CRMLS
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Past months market reports:
$1,898,000 : 3 Rue Saint Cloud, Newport Beach3 beds, 3 baths
$3,595,000 : 5 Pinehurst Lane, Newport Beach4 beds, 3 baths
$4,499,000 : 25 Burning Tree Road, Newport Beach5 beds, 5 baths
$3,950,000 : 2 Inverness Lane, Newport Beach4 beds, 4 baths
$3,889,000 : 5 Canyon Court, Newport Beach6 beds, 7 baths
$5,450,000 : 46 Braeburn Lane, Newport Beach6 beds, 7 baths
$3,995,000 : 14 Cherry Hills Lane, Newport Beach5 beds, 8 baths
$10,500,000 : 17 Cherry Hills Lane, Newport Beach6 beds, 8 baths
$1,568,000 : 6 Rue Chateau Royal, Newport Beach2 beds, 2 baths
$6,999,000 : 3 Lochmoor Lane, Newport Beach6 beds, 5 baths
$4,950,000 : 4 Cherry Hills Lane, Newport Beach5 beds, 5 baths
$7,995,000 : 22 Cypress Point Lane, Newport Beach5 beds, 7 baths
See all Big Canyon Homes for Sale in Newport Beach.
(all data current as of 11/22/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.