Coastal Commission news on the AERIE project and more

The California Coastal Commission this week voted 10-2 to approve plans for a home to be built at 3725 Ocean Boulevard, disregarding a staff recommendation to deny approval… …The Coastal Commission on Wednesday also unanimously approved a dock for the AERIE condominium project. The dock was delayed from the November meeting, and the design was …

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Newport Beach Ranked Among America’s Most Expensive ZIP Codes

“Newport Beach, Corona del Mar and Newport Coast are listed among the ZIP codes included in Forbes’ annual list of America’s most expensive ZIP codes, released last week. Newport Coast ranked highest on the list at No. 25, followed by Newport Beach’s 92662 at No. 49, Corona del Mar at No. 52 and Newport Beach’s …

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California distressed property sales at 4-year low

DataQuick found that the recent sales boom included a shrinking slice of a once-hot property: distressed housing. Distressed property sales – foreclosure resales and “short sales” where banks take less than the mortgage due – made up 46.2 percent of the state’s resale market last month — lowest level since April 2008. A big drop …

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