I didn't have a lot going on yesterday so I thought it would be fun to take pictures of various Christmas decorations in Newport Beach and Laguna Beach. If you are not from this area....we received quite a bit of rain on Monday, so Catalina Island and snow in the mountains was very visable. I can't remember the last time it rained. I also noticed many of my friends and relatives had posted on their Facebook profiles pictures of snow Minnesota recently received. I thought it would be fun for them to look at pictures of the area I live in.....not sure if it was fun for them or if it made them jealous. I am going back to Minnesota in 2 weeks, so I will get my fill of snow and cold weather. I haven't been back in a year and a half so it will be fun to catch up with friends and relatives. I turn 40 in January.....so I am sure we will be celebrating when I am back.
There was a little bit of drama in Newport Beach this week. The tract that Kobe Bryant lives in was burglarized. This tract is very close to PCH in the Pelican Hills area. There is a mortgage broker that lives in the same tract.....he was the target. This mortgage broker owes many people money.....so not surprising that he was hit. The strange thing is...this is a guard gated area. I believe they pushed their way through the gate. To see this article click this link. http://www.ocregister.com/news/house-223225-police-one.html
As far as activity in the Newport Beach.....things are slowing down a bit. I have an escrow closing next week.....and I just wrapped up a couple of leases. There are still daily markdowns on properties in the area. Every day I look for changes in price for all of Corona del Mar, Newport Beach and Newport Coast. I am guessing by the beginning of next year we will continue to see more markdowns. I would recommend if you are in a situation right now.....write an offer before the markdowns early next year. It is so much easier to negotiate if there are not any other offers.
I do want to point out a great property in Newport Coast. This home is in the Vistas....full ocean view...with views of Catalina Island and Long Beach. The home is only $1.15 mil......2400 sq ft. Amazing deal for the view....and the home is completely remodeled.
www.PropertiesInTheOC.com
