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Why Now is a great time to buy a condo for sale in Newport Beach

Why Now is a great time to buy a condo for sale in Newport Beach

Posted on Tuesday, May 17, 2022

The condo market in Newport Beach Ca looks almost nothing like it did even 3 months ago, which is GREAT news for buyers looking to purchase a Condo for sale in Newport Beach . While interest rates indeed are much higher than they were even 3 months prior, we are seeing many beneficial factors help more of our clients’ become homeowners than ever before.

  • Inventory is up 50%, which gives you far more options to choose from
  • The average Newport Beach Condo for Sale now has 3-5 offers, down from the 20+ we were seeing in the Winter and Early Spring
  • List Price to Sales Price is a more reasonable 104%, whereas we were at closer to 110%

We are also having many Newport Beach Condo buyers come to us after unsuccessfully trying to purchase with another Newport Beach Real Estate Agent. Often, they try to use a friend, family member or out of area / newer agent who does not have the connections necessary to ensure your offer has a strong chance of being accepted.

The Bashe Team at Localist Realty has been selling in and around Newport Beach since 2003. We have relationships with almost every Newport Beach Real Estate Agent and office, and often we can get our Newport Beach Condo Buyers the inside track on exactly what terms will get a deal done. This is crucial as the Newport Beach Real Estate Market is still appreciating with rates continuing to rise.

When you are ready to look at Condos for Sale in Newport Beach , you should take the following steps to ensure that you have no surprises or hiccups in the process.

  • Get Pre-Approved
    • Especially when it comes to Condos as you have HOA fees to deal with and lending guidelines that are community specific. Which means not every complex will qualify for the type of loan you are getting, especially if it’s FHA or VA.
    • The lender we work with covers the cost of your appraisal
  • Work with a Local Newport Beach Real Estate Agent who knows the market well.
    • You can go on Zillow to see how many properties they’ve sold in the past year (My Link is Here)
    • I am not pushy. I don’t care when you buy, only that you are 100% satisfied with the experience from start to finish
  • Have a realistic budget
    • Your Newport Beach Realtor will be able to show you the market averages, and ensure you aren’t looking a 6-month-old sale thinking you’ll be able to get the same pricing today

At the end of the day, purchasing a Condo for Sale in Newport Beach Ca is one of the largest financial purchases you’ll ever make. And I believe I am the right Newport Beach Real Estate Agent for the job. You can reach me day or night at (949) 432-3222 via text or call, and if email is easier for you that’s fine too ([email protected]).


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Newport Beach Real Estate

Whether you are contemplating purchasing or selling a Condo or Townhome in Newport Beach, CA, it is imperative that you hire the right Real Estate Expert that can exceed all of your expectations. When you work with The Bashe Team, your every need will be met with the greatest attention to detail. We understand the Newport Beach Condo Market well, and you will not find a more qualified Newport Beach Real Estate Agent to help you achieve your goals.

As a prospective buyer working with The Bashe Team, you will have access to new Newport Beach Condo or Townhome listings the second they hit the market, giving you a much needed leg up on the competition. You will also be able to review intimate details about each complex, including a building description, amenities (if any exist) and a photo tour.

As a seller of a Condo or Townhome in Newport Beach, your unit will be front and center on both our main website, as well as the specific complex page for your property. This gives you maximum exposure above what a normal Newport Beach Realtor would provide, as our highly trafficked site will help us to sell your property in less time, at the highest possible net to you!

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Contact Us

  • Tom Bashe
    CA BRE# 01383456
  • [email protected]
  • 949-432-3222
  • 3377 Via Lido
    Newport Beach, CA 92663

Copyright © 2022 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Coldwell Banker Residential Brokerage office is owned by a subsidiary of NRT LLC. Coldwell Banker ® and the Coldwell Banker Logo, Coldwell Banker Previews International ® and the Coldwell Banker Previews International Logo, are registered service marks owned by Coldwell Banker Real Estate LLC. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals. Information is provided for consumers’ personal, non-commercial use only.

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