Big Canyon Market Report | January, 2012

Big Canyon in Newport Beach has several different builder tracts. Whether you are considering a custom Newport Beach golf course home or a Newport Beach condo Big Canyon is a highly sought after area 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. The photo below is a photo of the clubhouse which was recently built.

Currently, there are 20 active listings in Big Canyon in Newport Beach. Of those 20 listings, 4 are short sales. There are 2 in back up – two are short sales 2 pending  (1 is a short sale) and there have been three sales and one is a short sale for January 2012.

In comparison to December 2011 information is as follows:

Listings are down  -5 from December 2011
Back Up are down -1 from December 2011
Pending is down -1 from December 2011
Sold properties are up +2 from December 2011

The listing information for January 2012 in Big Canyon in Newport Beach for distressed property is as follows:

Distressed listings by status in January 2012

Listings 4 of 20 total
Back up is 2 of 5 total
Pending is 1 of 2 total
Sold properties is 1 of 3 total

The absorption rate is as follows. One month does not indicate a trend however three months of sales show a high absorption rate indicating a buyers market. The three months may be due to the holiday season.

Find lifestyle information below  about Big Canyon in Newport Beach.

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 Compass 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.

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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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