The Best Newport Beach Neighborhoods: A Look at Balboa Island


You’ve decided to make the move to Orange County and you’ve even started browsing some houses for sale in Newport Beach. If you’re new to the area, the next step in your house hunting journey may be, “What is the best neighborhood for me?” We’re here to help!



Welcome to the second edition of our Neighborhood Spotlight Series, where we provide a little insight into some of the best neighborhoods Newport Beach, Laguna Beach and Corona del Mar have to offer. This way you can feel more comfortable in the purchase of your new home in Orange County.



This month we will be featuring Balboa Island, a charming little island community in Newport Beach. This harborside neighborhood may be small, running only 2.6 miles in circumference, but what it lacks in size it more than makes up for in charm. An iconic Newport Beach destination, this man-made island is densely-packed with a unique mix of charming cottages and modern, newly-renovated homes. This quaint yet vibrant community has a small-town feel with still being only minutes from the excitement that Newport Beach has to offer. After setting one foot on this island, you’ll be looking at Balboa Island homes for sale!



We have created an infographic to provide a quick glimpse into some of the housing and residential statistics that a potential homebuyer may be interested in for this community. We hope you find this information helpful!


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One of the charming, highly sought after homes in the Balboa Island neighborhood is this one of a kind property at 1305 Park AveThis charming coastal cottage is one of the most attainably priced homes for sale on Balboa Island. Just one block from the beach, mere steps from the classic Village Inn, and a quick stroll to Hersheyâs Market, you have tons of wonderful amenities within reach!


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We know that trying to settle on the right Newport Beach neighborhood as you’re looking at homes for sale in Orange County can be tricky, but here at The Stavros Group we’re here to provide a helping hand and make the process of buying the Newport Beach home of your dreams as easy as possible. Please do not hesitate to give us a call!

What’s My Home Worth? A Comparison of the Best Online Home Value Estimator Tools


Whether you’re about to enter into a search for a new home, or just want to make informed decisions about the value of the home you currently live in, you may be wondering how much is my home worth? Fortunately, there are many great home value estimator tools available to help you to determine the approximated worth of your property. Our website boasts our own home value estimator, which is a great starting point in determining your home’s price. It doesn’t hurt to get a second or third opinion, however, by working with an industry professional who knows the market. Although each of the options provided below uses different methods to determine their estimates, when viewed in aggregate you can get a strong estimate of a home value in Orange County.


There are also different types of home value estimators to consider, each with their own pros and cons. Many online estimates have the benefit of being available to you free of charge so that you can access many different reports and estimates for the property in question. In-person assessments, on the other hand, carry the cost of paying a professional to carry them out, but they can also provide more accurate and actionable information due to the more thorough nature. To find a home value in Orange County, a combination of both online and in-person estimates is often your best bet, narrowing your options with online tools before relying on a pro before the sale.


The Zillow “Zestimate”


One of the two major online home value estimate tools, Zillow is considered the more seller friendly option, as it tends to have higher estimated values for the homes listed on it. Zillow uses a secret algorithm which helps to create a “Zestimate” on the value of the home. While it is not officially known what factors are used in the estimate, it is commonly accepted that a large portion of estimates comes based on prior sales data and information on other sales around the home with similar amenities.


Redfin Estimates


As with Zillow, Redfin uses its own proprietary algorithm in order to determine an estimated home value. Orange County has many great homes listed on Redfin, and the numbers provided by the Redfin estimate are often more friendly to those who are searching for a home, with values on average being lower than those of the “Zestimate” guesses. Redfin also makes use of a “Hot Home” feature which gives increased prominence to listings which are seeing a great deal of traffic. Although page clicks may not directly translate to value, they are a good indicator of interest and likely competition.


Creating a Good Online Estimate


Although you should never count on just one online estimate for a home valuation in Newport Beach, Laguna Beach or Corona del Mar, by checking out multiple different sites you can get a good idea of the value of the home. The easiest way to do so is add up the values from the different sites then divide by the number of sites to find an average value. By combining multiple sites together you improve the likelihood of getting an accurate result, as you are less likely to be thrown off by an algorithm on one site missing something. If you find a result from one of the online listings which is vastly different, you may want to consider removing it before averaging in order to get a more accurate home value in Orange County.


The Importance of a Home Appraisal


While online estimates are fine for sating your curiosity, when ownership is trading hands, they’re not enough. Whether you’re buying or selling, house worth must be assessed by a professional in order to get a true home value. Orange County is a booming real estate destination, but you can’t make good decisions without good information. An appraisal is carried out by an unbiased professional who has no stake in a high or low value, so you can trust that the number they come back with is as accurate as possible.


If you are applying for financing for your home, it is likely that an in-person appraisal will be required by your lending agent. When you receive a mortgage, the home serves as collateral for the loan, so it’s in the lender’s best interest to make sure that you are not borrowing more than it is worth or else the bank could be out of luck in the event of default. Your appraiser will perform a visual inspection of the entire home, inside and outside, as well as note the home’s amenities. By combining this information with data on similar sales which have occurred, they come up with the most accurate possible estimated home value an Orange County home buyer could ask for.


Despite the importance of a professionally determined value, it’s always nice to get a sense of things on your own as you consider your options. If you’re in the market to buy or sell your home, please do not hesitate to contact us here at the Stavros Group — we’d love to help in any way we can!


Why Life in a Newport Beach Home is a Dream Come True

Surfer walking on beach near their Newport Beach home
Photo courtesy of ActionVance


Many people long to live in a coastal location where beautiful beaches surround you and mild temperatures and sunshine is the norm. The town of Newport Beach in Orange County is one such California locale that seems to have everything. With wonderful residential neighborhoods and a number of living options that include gorgeous luxury homes and upscale condos, this seaside town is one to be desired. We’re breaking down what makes this area so special and why you will immediately start wanting to look for homes for sale in Orange County so you soon can see yourself living in a Newport Beach home.



What People Are Saying About Life in Newport Beach

This town beside the sea boasts many stunning beaches and plenty of water sport activity options like kayaking, surfing, and boating. The water is warm, the sand is golden and there are some spectacular sunsets at dusk. There are plenty of shops, decent restaurants, and other eating venues. At night, there are some lively clubs, great music, and good company. There is something for everyone, and the people here are friendly. This is a nice alternative to big city life. If ever wanting some of that larger excitement, it is only an hour’s drive to several bigger city destinations.



Advantages of Living in This Beautiful California Coastal Town

There are many advantages of living in this beautiful geographical location. The neighborhoods seem more like smaller town communities where everyone looks out for each other. The schools are superb, and the town is relatively clean. The great thing about moving here is the different choices in housing. There are wonderful single family homes, condos and apartment complexes. A sizable number of classy upscale homes draw many, and most neighborhoods feel safe. The beaches have nearby attractions like bowling, arcades, various clubs, picturesque hiking/biking trails and bars if you like that scene.



The Best Way to Buy or Sell a Luxury Home in This Area

While there are some good deals on upscale homes if you know where to look, it can be a bit difficult to buy or sell a top-of-the-line home without knowing all of the nuances of the real estate market in these parts. Working with an experienced realtor who specializes in these higher-end living environments is usually the best way to buy or sell these homes. Sellers often run out of time and might end up settling for far too low a price. Newcomers to the area often get hoodwinked into paying too much when buying a local luxurious home featuring added amenities.



If you find yourself in the market for a new home in Orange County and want someone knowledgable about the area to show you the absolute best Newport Beach, California homes for sale, then do not hesitate to contact us here at The Stavros Group. We’d be happy to help!