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Big Canyon in Newport Beach | Market Update | July, 2012

Big Canyon in Newport Beach | Market Update | July, 2012

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.

big canyon in Newport Beach

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.

Listings are down -2 since July 2012
Back Up is up +4 since July 2012
Pending is the same since July 2012
Solds are up +1 since July 2012

The absorption rate in Big Canyon shows 4.0 months for a three month trend and overall low absorption rate with the 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 a 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

Do Not Use Without Permission

 

 One

Month

Three

Months 

Six

Months 

Twelve

Months 

Listings 14 14 14 14
Sold  5 11  21 42
AverageSold/Mo 5 4  4  4
Month’s Inventory 2.8 3.8 4.0 4.0

Past months market reports:

June 2012
May 2012

Search the MLS for Big Canyon homes and condos for sale in Newport Beach and Newport Beach real estate.

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ABOUT ME

Sharon Paxson is a full-time REALTOR® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’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 a 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.

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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.

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