Big Canyon in Newport Beach, CA - Market Update - 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.

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Search the MLS for Big Canyon homes and condos for sale in Newport ....

Originally posted at NewportBeachRealEstateCafe.com