Luxury Home Sales in Crystal Cove, Corona del Mar and Shady Canyon for August Thru September 2020

Posted by Jacqueline Thompson on Monday, September 28th, 2020 at 2:52pm

Crystal Cove aerial view of beach and homes

NEWPORT COAST, California (September 28, 2020) View some of Jacqueline Thompson's Luxury Home Sales in Crystal Cove, Corona del Mar and Shady Canyon for August Thru September 2020.

Crystal Cove

Crystal Cove Luxury Homes include Beach living at its best with fabulous ocean views. Seaside villas tucked away amidst courtyards and gardens with stunning ocean views. Exclusive Crystal Cove's lower bluff locale of the enclave making access to the prestigious Crystal Cove Promenade and beaches a breeze. Gracing a coveted ocean view lot and substantial - panoramic views in ultra-exclusive Crystal Cove is highly sought after on the coast. Cul-de-sac, amidst courtyards and gardens, stunning vistas that stretch past crashing whitewater on the coast, to Newport Harbor, Palos Verdes, Catalina Island- and by night, painterly sunsets.

Evening exterior view of backyard
Daytime aerial view of backyard

Evening exterior view of home

Corona del Mar

Collaboratively designed by award-winning architects such as Christopher Brandon and Newport Beach builders such as Andrew Patterson, custom Cape Cod homes in the heart of Corona Del Mar offers high quality upgrades with an open, airy layout. Noted interior designers such as Megan Crane stylishly blended Eastern Seaboard charm with the modern, clean lines of transitional design.

Known for its beautiful beaches and cliffside views, Corona del Mar is highly sought-after by luxury homebuyers who are looking for the best of the best in Orange County real estate. Homes for sale in Corona del Mar are among the most exclusive, offering outstanding amenities like custom swimming pools, outdoor entertainment areas, and home libraries. Much of the real estate in this area is built with ultra-modern architectural designs, bringing interest and allure to the neighborhood.

Although many of the homes for sale in Corona del Mar are new-builds, the community truly came to life in the 1970s. Since then, many homes have been demolished and replaced with ultra-modern estates that set the standard for elegance and sophistication. If not demolished, the mid-century homes have been renovated to have modern features and designs.

Shady Canyon

Shady Canyon is one of Southern California’s most prestigious enclaves, melding a pastoral country setting with stone’s-throw proximity to the coast, Newport Beach and Laguna Beach, as well as the business hubs of Orange County. While every estate in Shady Canyon is exceptional, there are a few that stand out as particularly noteworthy for their design, location, and ambiance.

Sophisticated, modern interpretation of Santa Barbara estates in Shady Canyon, exceptional privacy on the edge of preserved land. Open layouts coupled with a light palette and high ceilings give these homes a transitional air featuring marble and French oak floorings, artfully distressed doors, and chic fixtures and hardware. 

Evening exterior view of backyard and pool
Interior view of kitchen

Additional Sales Statistics

With over $168 Million sold in the last 12 months and another $18 Million in escrow, Jacqueline Thompson continues to deliver stellar results to her Buyers and Sellers in the Orange County real estate market. In addition to being the sales leader in the premier enclave of Shady Canyon, Jacqueline sells luxury estates throughout the communities of Newport Beach, Newport Coast, Laguna Beach, Crystal Cove, Corona del Mar, Irvine, Coto De Caza, and more, which has earned her a spot in the top 3 of real estate agents for sales volume in all of Orange County.

In addition to being the #1 sales agent in Irvine and Jacqueline’s record-breaking sales she also has maintained a 93% average ratio of List Price to Sales Price for her sellers over the past 12 months. With this impressive track record and the backing of one of Orange County’s leading real estate firms, the Jacqueline Thompson Group is the clear destination for buyers and sellers seeking results. Now is an excellent time to sell or invest in Orange County real estate. The figures below outline this year’s real estate numbers over those of 2014:

Home Prices

Resale Homes +4.8%, Resale Condos +5.1% and New Home Sales +6.6%
All totaled, OC home values are up 4.7% versus last year

Sales Volume

Resale Homes +15.8%, Resale Condos +16.1% and New Home Sales -33.3%
All totaled, OC sales volume is up 10.6% versus last year

Facts

Median OC home price is $617,000 up from $589,500 a year ago
Median OC home sales are only 4.3% off 2007 peak of $645,000
Home sales volume is up at 3,477 versus 3,144 versus one year ago
Inventory is up 7,116 up from 6,647 just one month ago
$1,000,000 plus homes represent 33.2% of all OC listings
Average Days on Market 2.64 months (78 days)
Medium income to afford a typical OC home is $141,000
Medium income to afford a typical OC rental is $66,000
Median OC household income is $75,400
Median price per square foot is $376.45, 4.9% higher versus last year

Trends

Short Sales/Foreclosures; 202, up from 190 versus two weeks ago
Home ownership nationwide at its lowest point in 19 years (63.4%)
Home ownership in LA/OC at 48.5% thru 2nd Quarter 2015
Highest price increase; Newport Beach, 92662, +576% versus last year (WOW!)
2nd Highest price increase; Irvine, 92603, +35.5%, versus last year
3rd Highest price increase; Garden Grove, 92840, +24.7%, versus last year

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