Open This Weekend in Pelican Crest!

Please join us tomorrow for an open house at 3 Island Vista, an exquisite estate in Pelican Crest with sweeping, panoramic ocean, harbor, Catalina and sunset views. Boasting nearly 8,500 sq ft, this palatial home features six bedrooms, formal living and dining rooms, an open family room with wet bar, gourmet granite and marble kitchen with Viking appliances, a library, bonus room, game/recreation room, movie theatre, sauna, and elevator to all three levels. Sumptuous outdoor space features a pool, spa, barbecue, fire pit and covered loggia. Priced at $7,995,000, or for lease at $20,000 per month. I look forward to seeing you there!

LISTING OF THE WEEK: 32 Marble Sands, Bonita Canyon, Newport Beach

Exuding warmth, luxury & comfort, this gorgeous home is truly one of the finest properties in guard-gated Bonita Canyon. Located at the end of a cul-de-sac, this home affords sweeping canyon views & offers unparalleled privacy & serenity. Recently remodeled featuring 6 bedrooms, a warm office with a fireplace & newly installed wood flooring; formal, open living and dining rooms; and an upstairs bonus room. A gourmet kitchen boasts a large granite slab center island and counters, a Butler's pantry with a wine refrigerator, a walk-in pantry, Viking SS appliances and a breakfast nook. Incomparable outdoor spaces include a large courtyard/sports court, a built-in bbq area, firepit, private Pebble-Tec pool & spa and landscaped grounds with peach, plum, pomegranate, lime, lemon & orange trees. 2 garages allow for parking for 4 cars- the single-car garage is currently being used as a gym. Additional features include extensive speaker and intercom system throughout, surround sound, crown moldings, wood shutters, California closets, and ample storage.

Currently listed at $2,697,000

Call Teri for more details or to schedule a private showing!

Home Prices Up in 62% of Orange County for the Month of June

From the Orange County Register, dated July 13th 2010:

For calendar month June – DataQuick’s freshest stats — Orange County homebuying patterns showed:

• 56 of O.C.’s 83 ZIP codes had gains in their respective median selling price. Overall, prices were +6.5% vs. a year ago.
• Taking sales volume in consideration, home pricing is up in ZIPs representing 62% of the Orange County market.
• 7 of 83 O.C. ZIPs had median sales prices above $1 million in the period vs. 11 million-dollar ZIPs when the county median price peaked in June 2007.
• Since that pricing pinnacle, there’s been a -31% drop in the countywide median price!
  45 of 83 O.C. ZIPs had year-over-year sales gains in the period.
• Overall, countywide sales were +15.7% vs. a year ago.
• 3 of 83 O.C. ZIPs has sales gains of 100% or more in the period.
• NOTE! 34 local ZIPs had both sales gains and price gains in the period. These double-gainers had combined sales volume equal to 48% of the Orange County market.
• For a detailed report on the price moves, CLICK HERE!

Nearly $1.2 MILLION Price Reduction in Pelican Crest!

I am pleased to announce that my stunning listing at 9 Shoreridge in Pelican Crest has just been reduced to $8,800,000, down from its original listing price of $9,995,000! This home is truly unlike any other that you will see in Newport Coast. Featuring a completely modern design aesthetic, clean lines, smooth textures and an abundance of light, this contemporary home is truly a calm, Zen-like work of art!

This home is luxury personified, using materials such as white pickled oak, smooth French limestone, white onyx and chandeliers dripping in crystals to achieve the look and feel. It spans approximately 10,300 square feet and features 6 bedrooms, plus a theatre, temperature-controlled wine cellar, gym, elevator, library 2,100 square foot garage and private pool and spa. Not only is it a tranquil haven, it's also a tech-savvy entertainer's dream - with touch-pad light controls, and a state-of-the-art surround sound system with iPod docking stations with touch-pad controls - and even underwater speakers in the pool!

You can view a virtual tour of this home under the "Properties" section of my website. To schedule a private tour of this one-of-a-kind masterpiece, call me at 949-689-1008!

Welcome!

Welcome to my first official real estate blog! I am looking forward to using this opportunity to keep an open dialogue with you all about what is happening out there in this unpredictable real estate and economic climate. This market is certainly confusing for many, and I think it is important to have a place to get the comprehensive, up-to-date information necessary to stay informed and successful in today's constantly-changing world. Feel free to suggest any topics that you would like information on or to discuss!