Eastbluff Community in Newport Beach California
Eastbluff Community in Newport Beach California
Welcome to the Eastbluff Community,a 460 single family home planned community in the heart of Newport Beach, California with sweeping views of the Back Bay, Newport Bay, and city lights from many of the homes. Built in the early 60's as a tract home community, Eastbluff has evolved over the years as both remodels and new construction has changed the appearance, but the heart of the community remains its family orientation.Here you will find spectacular real estate for sale & luxury homes, an array of trend-setting stores and boutiques, world-class art exhibits, fine dining, attractions and entertainment, including an annual independent film-festival. You will also find some of the most breathtaking oceanfront properties and homes with ocean views in California! Indeed, the pleasant year-round climate and miles of beautiful Orange County coastline make for an outdoor enthusiast's paradise and create a laid-back, yet luxurious and inviting lifestyle for those seeking vacation homes or year-round living.
The community is close-knit and family-oriented. The area is home to high-priced residential real estate and thus has only naturally suffered since the downturn in the U.S. housing market set in around late 2008. Prices have spiked and crashed throughout the past year, making the East Bluff real estate market a bit unstable at present time.
The Newport Beach Zip code in which East Bluff is located has seen its median price rise and fall like tracing the path of a roller-coaster over the past year. In April, it showed a more stable mark from the previous month, at around $1.68 million, basically constant month-over-month. Last year at this time, the median price was just around $1.7 million, showing that through all the ups and downs of 2009, perhaps the market now has gotten through the shocks and may continue on a more stable path.
The number of days East Bluff homes for sale and other homes for sale in the Newport Beach Zip code have spent on the market before selling has shown some improvement in the first quarter of 2010. The figure hit an annual peak at around 270 days in early January, but has since fallen to around 225 in mid-March, the lowest level seen since early December 2009. These figures are all still well above the 175-day range that existed in mid-April of 2009.
The number of new Newport Beach homes for sale fell dramatically in the beginning months of 2010, hitting a 12-month bottom of around 150 in mid-January. That figure has since picked up again though, rising to around 225 in the beginning of April, about the same level as it was at during the same period last year. Meanwhile, price per square foot has traced a mostly downward trajectory over the past 12 months, with the figure at around $545 in April, down form $585 at the same period one year ago.
Currently there are 144 Homes for sale in the Eastbluff Community. There is also abot 15 Homes for Lease. If you are looking for a great place to live then East Bluff is worth a visit.
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