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Newport Beach Bank Owned Market Update – July, 2011

Newport Beach Bank Owned Market Update – July, 2011

July, 2011

Newport Beach

Newport Beach REO home buyers usually face the challenge of competing with multiple offers on the properties. Also, Newport Beach REO home buyers are competing with cash buyers as well.

Newport Beach has an inventory of bank owned homes or REO. Currently there are 15 active listings in all of Newport Beach, there are three in pending, and there have been three Newport Beach bank owned sales in June, 2011. The number of sales is up from the same period last year. In June, 2010, there were six sales in July, 2011. During the same time period last year, there were four REO sold properties in Newport Beach in July, 2010.

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

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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.

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