Lido Island in Newport Beach, CA - Market Update - January, 2012

Lido Island Homes for Sale in Newport Beach | Market Report December 2011

Lido Island in Newport Beach is a gorgeous and highly sought after 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.

Listings are the same from December, 2011
Back Up is up +1 from December, 2011
Pending is up +1 from December, 2011
Sold properties are down -1 from December, 2011

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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Originally posted at NewportBeachRealEstateCafe.com