Pages

Monday 26 September 2011

Buying a Home in the Palisades

By Luis Pezzini


When it comes to communities in southern California one of the most exciting and newest is that of the Newport Coast community in Newport Beach. Until 2001 the Newport Coast District of Newport Beach was a census designated place located just north of the city's boundaries. Development of the community is governed by a master plan and the original oversight and layout were handled by the Irvine community development Corporation. The construction plan indicates that total build out of Newport Coast to occur in 2011. New Port Coast was annexed by the city of Newport Beach in 2001 and was immediately designated as a special population zone. The purpose of being a special population allows Newport Coast to terms of some city ordinances, property regulations, taxation, and more. The Newport Coast District is a very affluent neighborhood with a population of approximately 10,000 people. Being part of the larger Newport Beach area can expect sophisticated styling and a high-level of luxury which has long been associated with the area.

The Newport Coast community offers home buyers opportunity to choose from a wide variety of styles and designs. Everything from small studio apartments to luxury oceanfront mansions can be found in this exciting and vibrant district. One thing which is common to all types of residences in the Newport Coast community is the level of style, sophistication, and luxury, which is prevalent in even the smallest of design detail. All of the residences which were included in the original master plan share a common set of features and styles. This continuity allows for a sense of unity and structure throughout the entire Newport Coast area. This is one of the things which make purchasing a home in the Newport Coast community different in purchasing a house anywhere else in Southern California.

Of the 1001 single-family owner occupied residences which were recorded in most recent census the average median income per household were 164,000 per year. Average home value for properties in the Newport Coast area is between $2.2 million and $5.3 million. Average length of home ownership for houses in Newport Coast is between 10 and 18 years. Houses of all types in the area are known for having a level of luxury appointments which are not often to be found in properties of this price range. Architectural styles include everything from Mediterranean, Spanish colonial, beach, and coastal. Two of the most dominant styles in the district, however our Greek revival and California flare. All homes in the area are known for having large outdoor and attaining areas, massive windows, and beautiful ocean views.

The many different tourist attractions in the area will lead a lot of these people to seek out homes that are located near many of these attractions. This can often be one of the biggest markets in the Palisades real estate. One thing that has to be kept in mind is that this will often lead to a higher property value for a person that lives in this area. This high property values has been the standard for the last several years and will be the normal for many years in the near future.

All of the items listed above will need to be taken into account when it comes to making the most out of the efforts placed in getting a home that will fit a person's entire requirement. These homes are often the heart and soul of a strong real estate market and will lead a great deal of people to see the many advantages of living in this area and enjoying all of the benefits that come from buying a home in the Palisades.




About the Author:



0 comments:

Post a Comment