Newport Beach, California Real Estate

Over the past decade in Newport Beach real estate has been on a rise. In the late 1990s we saw a small increase in sales. By 2002 sales really began to increase and by 2005 they were at record high. While inventory was limited and homes seem to vanish in just days. Buyers decided to buy up as much inventory as possible to turn around and resell it to make huge profits. What buyers didn't know, was that we had reached the peak. The only way to know this, is to look back and see the peak.

Now we have an over abundance of inventory and you must know what goes up must come down. Ups and downs in the real estate market are normal. Dont worry that you bought high. Timing the market is very difficult, almost impossible. If you plan on holding on to your property for a few years you will be just fine! I have seen it happen time and time again. Real Estate growth especially in Newport Beach is always proven to increase.

Now, let me tell you, this is not the time to TEST the market. If you must sell price at least at the last comparable sale. Or you may be waiting a very long time. The only way we will know we hit the bottom is when we look back and regret not buying. It is a wonderful time to buy! Dont miss this opportunity.

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