Well the numbers are in, for March 2013 for homes for sale in Newport Beach and surrounding areas. Prices in March marked the largest annual price gain since 2004. The median home price in Orange County is back to $505,000. The high was in June of 2007 when the median home price was $645,000. Lower prices, lower rates, and low supply are all contributing factors in the market recovery for Newport Beach and Orange County as a whole. One other major factor is there is a shift from foreclosures to standard sales, as an example in March of 2012 over 50% of all transactions were either short sales or foreclosures while in March of this year only 26% were distressed sales. Here are a few cities by the numbers for March 2013.

In this market where many homes for sale in Newport Beach, Newport Coast, and Corona Del Mar are receiving multiple offers over a very short period, it helps if you can identify a motivated seller. The easiest way to see if a seller is motivated is watch for the largest percentage price drop and you should find a very motivated seller. Over the last 2 weeks there were 11 homes for sale in the Newport Beach area with price reductions. The largest percentage price drop came in at 13% for the home located at 1701 Highland Dr in Newport Beach.

The sellers dropped their price from $2,299,000 to $1,999,000 while only being on the market for 15 days! This luxury custom home in the Dover Shores neighborhood of the West Bay is 3649 sqft and is a 4

Each month Coastal Real Estate Group highlights one local business in Newport Beach. If you are going to make Newport Beach your home its nice to learn about some great local businesses. This month we are featuring Bronzed Bunny.

Bronzed Bunny is a Spa and Boutique located at 365 Old Newport Blvd in Newport Beach. Bronzed Bunny was founded in 2011 after the owner Jeni Nola was trying to find ways to stay looking tan without damaging her skin from UV rays. What she found was most spray tans were filled with too many chemicals so she decided there needed to be a 100% organic alternative.

Bronzed Bunny is located in Newport Beach and offers a variety of services such as:

• Slimming Body Wraps
• Sugar Hair Removal
• Facials
• Organic Airbrush

Well our 1st annual March Madness sweetest 16 homes for sale in Newport Beach is now over. There were some amazing homes showcased in Newport Beach. We had homes on Newport Peninsula, waterfront homes in Newport Beach, condos in Newport Beach, homes for sale on Balboa Island, great multifamily units in Newport Beach and of course single family homes in Newport Beach. The competition was stiff but there were two winners.

1063 Dover Dr and 517 W Bay Ave went into escrow over the last 8 days. Congratulations to the owners and to the buyers for getting some great properties.

Should you have any questions about any homes that are available for sale in Newport Beach, please contact one of our Newport Beach realtors today.

Its our final day of match ups in our Newport Beach Sweetest 16 homes for sale tournament. I decided to leave the biggest and most amazing for last. Today our match up will consist of 43 Linda Isla vs 12 Bay Island Island so without further adieu lets get started.

12 Bay Island currently listed for $21,900,000.

This home is in the best location on Bay Island in Newport Harbor. The home itself is on the end of an island so it is surrounded by water on 3 sides.

Presenting views of Lido Island, Newport Harbor, Balboa Island and Bay Island that are breathtaking.

Almost every room in the house has waterfront front views of Newport Harbor.

Come home and while you are cooking a nice dinner for two watch the boat traffic go by from your