Open Houses for Newport Beach

The far reaching hand of a scorned real estate market seems to be very far reaching these days. The funniest thing seems to be happening to landlords, they are having a difficult time retaining tenants. You would think that would not be the case with such a shaky economy and lenders making it harder and harder to get loans, but according to the National Multi Housing Council, tenants are taking advantage of the lower home prices. According to the report, this is known as resettling. Over the past year lease renewals have gone down due to renters being able to move to larger and more spacious complexes or they are simply buying. For those in Newport Beach that are renting and wish to step it up a little here are a few homes that are on the market. Admittedly, these homes are a big leap from renting out an apartment, but for those that are ready, it is yours for the taking.

 Places like this apartment complex are losing renters left and right due to the reduced prices in the housing market.

454 Vista Trucha: $845,000, 3 Beds, 3 Baths, 2,155 SQ. FT.

407 Vista Flora: $860,000, 3 Beds, 3 Baths, 1,850 SQ. FT.

1106 Hightland: $1,699,000, 4 Beds, 3 Baths, 2,500 SQ. FT.

1242 Somerset Ln: $2,185,000, 4 Beds, 5 Baths, 3,250

5 Monaco: $2,395,000, 3 Beds, 3 Baths, SQ. FT. not listed

806 Harbor Island Dr: $4,995,000, 5 Beds, 4 Baths, 4,300 SQ. FT.