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.
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 |
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One Month |
Three
Months |
Six
Months |
Twelve Months |
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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:
Search the MLS for Big Canyon homes and condos for sale in Newport Beach and Newport Beach real estate.