Linda Isle is one magnificent aspect of the Newport Beach housing market. There are 104 bay front homes where “location” plays an important part of pricing homes to sell. Facing Pacific Coast Highway, facing Bayside Drive, inside the horseshoe, facing towards the turning basin, you get the idea. The location makes a difference. Supply and demand is at work on Linda Isle. During this downward spiral in the selling prices of homes, Linda Isle increased in value despite the challenges in today’s real estate market.
Here are the facts:
- For the period of 12/31/2006 – 12/31/2007, 7 homes were sold for an average selling price of $7,396,446 with the per square foot price of $1,520.96. The average time on market was 43 days.
- For the period of 12/31/2007 – 12/31/2008, 4 homes were sold for an average selling price of $10,449,750 with the per square foot price of $1,845.41. The average time on market was 196 days.
- The average selling priced increased by 30%.
- Currently, there are 9 properties for sale on Linda Isle. The average asking price is $8,071,555. The average per square foot asking price is $1,629.30. The average time on market is 147 days.
There is one property that has caught my eye as a potential good deal in a fabulous location. The address is 76 Linda Isle. Check it out!
To see more homes for sale on the islands of Newport Beach, head over here to search the listings.
What do you think of Linda Isle? What areas of Newport Beach, Corona Del Mar, Newport Coast and Crystal Cove would you like to see highlighted?
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