Lido Island Homes for Sale in Newport Beach | Market Report January, 2012
Lido Island in Newport Beach is a beautiful community of homes in Newport Beach which is actually an island. There is a bridge going to Lido Island, or Lido Isle as it is also referred to as. Lido Island has bay front homes and many of these homes have slips available for their yachts.
The bayfront homes located on Lido Isle in Newport Beach have incredible views of Newport Harbor. Many of these homes do have slips, however there are some that do not.
Currently, there are 21 active listings on Lido Island in Newport Beach, 4 in back up status (one property in back up is a short sale), and one in pending. There were no sales in the month of January, 2012. The only distressed property on Lido Island in Newport Beach is the one in back up status.
There is an approximate absorption rate of 9.7 months which indicates a buyers market. The listings have remained the same in the past month which may be a result of the end of the holiday season also. The first month does not indicate a trend, especially because there were no sales in January, 2012.
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