Market Data

Page 1

brianliberto.com


MEET BRIAN Having spent his formative years in Newport Beach and honing his skills at Mater Dei High School and San Diego State University, Brian is as local as they come. His deep-rooted connection to this community drives his passion for providing an unparalleled level of service to his clients. As an active member of the Balboa Bay Club and mentor to young basketball enthusiasts, Brian’s commitment to giving back to his community runs deep. The nexus of technology and real estate is Brian’s playground, where he brings his skills as a hyperlocal technologist to the fore. He harnesses cutting-edge prop-tech strategies, tailored to individual client needs, creating stress-free, successful real estate experiences for everyone he works with. Whether you’re looking to buy, sell, or invest, Brian offers his clients the chance to leverage his robust industry network. With his consultation services, you don’t need to be ready to make a move in the market - Brian is here to start a conversation about your real estate aspirations and guide you toward achieving them. Join Brian Liberto on this real estate journey, where your success story becomes a part of the fabric of Newport Beach’s illustrious property landscape.


N O TA B L E SALES

Kings Road Newport Heights

Kings Place Newport Heights

Kings Road Newport Heights

Kings Road Newport Heights

Kings Road Newport Heights

36th Waterfront Balboa Peninsula

Magnolia Eastside Costa Mesa

Santiago Dover Shoresa

Broadway Eastside Costa Mesa

Evening Star Dover Shores

Via Lido Nord Lido Isle

Consulting Engagement CDM

Goldenrod CDM

34th Peninsula

Thunderbird 1 Ford Road

Carnation CDM


MARKET AREAS


R R

Written by Haley Wilson Freeman ExEcutivE AgEnt Magazine Written by Haley Wilson Freeman

ealtor® Brian Liberto brings a unique blend of This Newport Beach local eventually made his way skills derived from brings his success across high-level to the of the world trade center New York ealtor® Brian Liberto a unique blend of skills Brian was75th born floor in Newport Beach, went to Mater DeiinHigh school corporate consulting, mortgage lendingcorporate and real and City, where he designed technology C-Level derived fromIThis success across high-level grew up surfing 40th street and the solutions Wedge onfor Peninsula estateITsales and development to his real practice at Point. executives, making companies more consulting, mortgage lending and estate real estate sales He acquired his their strong work ethicrun from his efficiently father, a Coldwell Banker to Global Luxury Newport Beach.FORBES There, technology and cost-effectively. returned home and development his real estatein practice at EQTY engineer, whoBrian would get up early eachto dayCalifornia to drive his team in deliver realBeach. estate There, consulting services where they a decade later and only and months beforethethe GLOBAL Newport his team deliver realbyestate him andFreeman his siblings to school then make longmomentous commute Written Haley Wilson use cuttingservices edge technology to cutting help clients, “Buy, Sell, of September 11, 2001. “I watched thehetowers fall consulting where they use edge technology to toevents Pasadena. From his mother, a tech consultant, learned Build or Trade” luxury real estate. - luxury real estate. from If I had there, of there is a high likelihelp clients, “Buy,-Sell, Build or Trade” how vitalLA. marketing is tostill the been conveyance any product. hood I Newport would have been trapped in the towers that day,” ealtor® Brian Liberto brings a unique blend of This This Beach eventually made Newport Beach local local eventually made his wayhis to way the he says. skills derived from his success across high-level to the 75th floor of the world trade center in New York

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corporate IT consulting, mortgage lending and real estate sales and development to his real estate practice at Coldwell Banker Global Luxury in Newport Beach. There, his team deliver real estate consulting services where they use cutting edge technology to help clients, “Buy, Sell, Build or Trade” - luxury real estate.

75th floor of the world trade center in New York City, where he City, where he designed technology solutions for C-Level designed technology solutions for C-Level executives, making Upon his return to California, Brian entered the mortexecutives, making their companies run more efficiently their companies run more efficiently and cost-effectively. Brian gage finance market and finally expanded into real estate and cost-effectively. Brian returnedlater home California returned home to California a decade andato only months sales, investment and development. With practice that a decade later and only months before the momentous before the momentous events of September 11, 2001. “Icommuniwatched is “Hyper-focused, Hyper-local” around the events of fall September 11, 2001. watched the towers fall the towers from LA. If I had still“I been there, there isEastside a high ties of Newport Beach, Corona Del Mar and from LA. If I had still been there, there is a high likelilikelihood I wouldBrian have been trapped the towers that he CostaI would Mesa, has built hisininreputation as that aday,” talented hood have been trapped the towers day,” says. real estate strategist who delivers Concierge services by

he says. utilizing technology to help his clients buy, sell, build,

Upon his return to California, Brian entered the mortgage finance and trade Luxury Real Estate. Brian has the largest online Upon hisfinally return to California, the mortmarket and expanded into realBrian estateentered sales, investment footprint in Newport Beach that uses real-time data and gage finance market finally into realHyperestate and development. With aand practice thatexpanded is “Hyper-focused, analytics to predict buying and selling trends before they sales,around investment and development. With a practice that local” the communities of Newport Beach, Corona Del About today’s increasingly digitized real estate ishappen. “Hyper-focused, around the communiMar and Eastside CostaHyper-local” Mesa, Brian has built his reputation as market, he says, “Whoever is utilizing technology to proof Newport Corona Del Mar and services Eastside aties talented real estateBeach, strategist who delivers Concierge vide the mostBrian amount of value to the consumer will win Costa Mesa, built reputation as build, a talented by utilizing technologyhas to help hishis clients buy, sell, and the business.” real estate strategist Concierge by trade luxury real estate. who Brian delivers has the largest onlineservices footprint in utilizing technology to help his clients buy, sell, build, Newport Beach that uses real-time data and analytics to predict and trade Real Estate. has the About largesttoday’s online buying andLuxury selling trends before Brian they happen. footprint indigitized Newport useshereal-time data and increasingly realBeach estate that market, says, “Whoever is analytics to predict buying the andmost selling trends beforeto they utilizing technology to provide amount of value the happen. About today’s increasingly digitized real estate consumer will win the business.”

market, he says, “Whoever is utilizing technology to pro-

Brian was born in Newport Beach, went to Mater Dei High school and grew up surfing 40th street and the Wedge on Peninsula Point. He acquired his strong work ethic from his father, a technology engineer, who would get up early each day to drive him and his siblings to school and then make the long commute to Pasadena. From his mother, a tech consultant, he learned how vital marketing is to the conveyance of any product.

Brian’s in-depth knowledge of the to local and itswill unique vide the most amount of value thearea consumer win properties, along with his creative vision for the potential of the business.” certain properties, add further to his repertoire of skills. “I know the buildable square footage of every lot in Newport Beach,” he says. “I know how to add square footage to the design and layout of a house to provide an equity position at the end. I’ll design the strategy and then hand off certain elements of the project to the right developer, architect and loan professional. It’s typical for a client to see excellent returns on their investment. My gift is being able to see opportunities ahead of time and then innovating to make it happen for my clients. I’ve spent the last seven years in the trenches working with architects and the city, so I have the expertise and relationships to make these transactions go smoothly and get the result my clients are looking for.”

Brian was born in Newport Beach, went to Mater Dei High school and grew up surfing 40th street and the Wedge No stranger to complex transactions, Brian is adept at handling on Peninsula Point. He acquired his strong work ethic from AgEnt Magazine ExEcutivE an array of scenarios, including luxury properties, multi-family, his father, a technology engineer, who would get up early contingent sales and 1031 exchanges. “I approach a real estate each day to drive him and his siblings to school and then transaction a lot like I did when I worked in tech consulting. I start make the long commute to Pasadena. From his mother, a by asking what is the end result the client is looking for and then tech consultant, he learned how vital marketing is to the backing my way into it. When working with individual buyers and conveyance of any product. Brian’s in-depth knowledge of the local area and its unique properties, along with his creative vision for the potential of certain properties, add further to his repertoire of skills. “I know the buildable square footage of every lot in Newport Beach,” he says. “I know how to

sellers, I create a customized solution by reviewing their portfolio and seeing if we can drive more income by trading one asset for another and saving money with a tax strategy like a 1031

ties, multi-family, contingent sales and 1031 exchanges. “I approach a real estate transaction a lot xEcutivE like I did when I gEnt Magazine worked in tech consulting. I start by asking what is the end result the client is looking for and then backing my way into it. When working with individual buyers and sellers,

E

A


ExEcutivEAgEnt Magazine exchange, or selling a current asset and leveraging their equity to buy another property that creates more monthly income.”

real estate development helped make it a seamless transaction from start to finish. I would highly recommend anyone to work with Brian and his team.”

Many high net-worth individuals trust Brian to direct their real estate interests, and he counts among his notable clients both Wilson Brian isFreeman also an active figure in the community. He is a passionate Written by Haley a prominent rap icon and a celebrated Los Angeles Laker. His Lakers fan who enjoys playing competitive basketball and detail-oriented, knowledgeable and results-driven approach coaching kids in hoops. Even now, he loves to surf, and he inspires confidence and assures even the most discriminating and his girlfriend are frequent visitors to Hawaii. His parents ealtor® Brian Liberto brings a unique blend of Newport Beach local eventually made his way client that they and their business interests are in the best of stillThis live locally, so he enjoys time with the family spent cooking skills derived from his success across high-level to the 75th floor of the world trade center in New York hands. traditional Italian favorites. Brian is also a regular contributor corporate IT consulting, mortgage lending and real toCity, where he designed technology solutions for C-Level Newport Harbor High School and donates a portion of his estate salesbuilt andover development real estate practiceand at business executives, making their companies run more efficiently Brian has $150 milliontoinhis local new construction proceeds to We Are Ocean, a nonprofit whose mission Coldwell Banker more Global Luxury in Newport Beach. There, cost-effectively. Brian returned home to California has underwritten than 500 successful transactions. He is isand to improve the lives of cancer patients and survivors through his team deliver estate consulting servicesspeaks whereonthey a decade later and only months before the momentous a recognized realreal estate authority who frequently real ocean-based, active lifestyle camps and experiences. use cutting edge technology to help clients,on“Buy, Sell, events of September 11, 2001. “I watched the towers fall estate-related topics and has been interviewed “Moneyline,” Build Trade” - luxury real fromBrian LA. has If Ibuilt hadhis still been on there, there isover a high likeliKTLA,orCBS, “RealtyTrac,” andestate. featured in “Locale Magazine” While practice transactions $2 million, hood would have been in coastal the towers thatCounty day,” and the “Daily Pilot.” he’s stillI just a hometown guytrapped who loves Orange he says. and enjoys working with his neighbors at any price point. “No Among the top 1 percent of Realtors® in the market-place, Brian matter how much someone is spending on a home, everyone runs what he calls a “Ninja” team of talented professionals who hasUpon his return to California, Brianwho entered thehave mortthe same goals. We’re all just people want to a bring their combined expertise to bear on their clients’ real estate family, gage finance market andlife.” finally expanded into real estate a home and a good objectives. Coupled with EQTY FORBES GLOBAL’s reputation sales, investment and development. With a practice that and influence, Brian is well-equipped to deliver world-class is “Hyper-focused, Hyper-local” around the communirepresentation. “We have a very diverse team that consists of a ties of Newport Beach, Corona Del Mar and Eastside young agent that has a different perspective on everything and Costa Mesa, Brian has built his reputation as a talented brings a fresh approach to business; a buyer’s agent that caters real estate strategist who delivers Concierge services by to our ultra-high net worth clients; and a 30-year industry veteran utilizing technology to help his clients buy, sell, build, that has sold over $2 billion in luxury real estate. Having such and trade Luxury Real Estate. Brian has the largest online a diverse team gives us the ability to see things differently and footprint in Newport Beach that uses real-time data and provide our clients exceptional value and a better experience.” analytics to predict buying and selling trends before they

R

Clients frequently give Brian and his team glowing, five-star service reviews. Here are comments made by several who recently bought and/or sold properties with Brian:

happen. About today’s increasingly digitized real estate market, he says, “Whoever is utilizing technology to provide the most amount of value to the consumer will win the business.”

“Brian was able to help us find the perfect home for our family. His expertise in real estate development allowed us to see the vision of what the home could look like. He leveraged his extensive local relationships with the city, general contractors and architects. His expertise enabled us to accelerate the buying and remodel process which is complicated and stressful, but at the end, the right decision for our family.” “We just completed a 1031 exchange with the help of Brian Liberto. Brian didn’t waste our time showing us properties that didn’t meet our criteria and after a couple of weeks of searching Brian was born in Newport Mater Dei showed us five off market type ofBeach, deals, went all whotohad potential. High grew up surfing streetmade and the Brianschool helpedand us negotiate a rather 40th fair deal, sureWedge escrow on Peninsula Point. He acquired hislegal strong work ethic from closed in a timely matter and that all issues associated with his a technology engineer, who would getLiberto, up early an father, exchange were met. We highly recommend Brian and each day to drive him and his siblings to school and then we will call on his services once we or anyone else in our family make thereal long commute tothe Pasadena. From his mother, a has any estate needs in Newport Beach area.”

tech consultant, he learned how vital marketing is to the “Through a very difficult and complex transaction, Brian was able conveyance of any product.

to take over $100,000 off the asking price off an triplex in Newport Beach. Brian’s extensive background in mortgage banking and “We just completed a 1031 exchange with the help of

ceeds to We Are Ocean, a nonprofit whose mission is to

of weeks of searching showed us five off market type of deals, all who had potential. Brian helped us negotiate a

While Brian has built his practice on transactions over

Brian Magazine Liberto. Brian didn’t waste our time showing us improve the lives of cancer patients and survivors through ExEcutivEAgEnt properties that didn’t meet our criteria and after a couple ocean-based, active lifestyle camps and experiences.



RECORD SALE Kings Place


Analysis

brian liberto EQTY Forbes Global Real Estate


Comparative Market Analysis

1027 West Bay Avenue, Newport Beach, California 92661

Comparable Properties

1027 West Bay Avenue

1416 E Balboa Boulevard

2157 E Ocean Boulevard

501 L Street

Newport Beach, California...

Newport Beach, CA 92661

Newport Beach, CA 92661

CANCELED

SUBJECT PROPERTY

EXPIRED

1/5/23

EXPIRED

Newport Beach, CA 92661 4/11/23

4/13/23

Details MLS #

-

MLS #

NP23010278

MLS #

OC23114703

MLS #

NP23054981

List Price

-

List Price

$7,600,000

List Price

$5,995,000

List Price

$7,495,000

Sold Price

-

Sold Price

-

Sold Price

-

Sold Price

-

Adjusted Price

-

Adjusted Price

-

Adjusted Price

-

Adjusted Price

-

Sold Date

-

Sold Date

-

Sold Date

-

Sold Date

-

$/Sold

-

$/Sqft

$2,365

$/Sqft

$1,683

$/Sqft

$2,289

DOM

-

DOM

197

DOM

118

DOM

141

2022

Year Built

2013

Year Built

2018

Year Built

1945

Year Built

Sqft

2,694

Sqft

Lot Size (sqft)

4,498

Lot Size (sqft)

3,214.0 2,700

Sqft

3,563.0

Lot Size (sqft)

2,870

Sqft

3,275.0

Lot Size (sqft)

3,510

Area

-

Area

NP - Balboa Peninsula

Area

NP - Balboa Peninsula

Area

NP - Balboa Peninsula

Taxes

28385.4

Taxes

-

Taxes

-

Taxes

-

Beds

3

Beds

5

Beds

4

Beds

4

Baths

4.00

Baths

6.00

Baths

5.00

Baths

6.00

2

Garages

2

Garages

2

Garages

-

Garages

Acres

0.1

Acres

0.062

Acres

EQTY Forbes Global Properties

0.0659 KASE Real Estate, Inc.

Acres

0.0806 Coldwell Banker Realty

brian liberto EQTY Forbes Global Real Estate Cell: 7149313287 brian@brianliberto.com | www.brianliberto.com | DRE # 01473233

3


Comparative Market Analysis

1027 West Bay Avenue, Newport Beach, California 92661

Comparable Properties

1027 West Bay Avenue

1555 E Ocean Boulevard

130 E Balboa Boulevard

427 Belvue Lane

Newport Beach, California...

Newport Beach, CA 92661

Newport Beach, CA 92661

ACTIVE

SUBJECT PROPERTY

ACTIVE

5/3/23

ACTIVE

Newport Beach, CA 92661 11/27/23

9/25/23

Details MLS #

-

MLS #

NP23069666

MLS #

23313465

MLS #

NP23217026

List Price

-

List Price

$6,995,000

List Price

$4,695,000

List Price

$4,595,000

Sold Price

-

Sold Price

-

Sold Price

-

Sold Price

-

Adjusted Price

-

Adjusted Price

-

Adjusted Price

-

Adjusted Price

-

Sold Date

-

Sold Date

-

Sold Date

-

Sold Date

-

$/Sold

-

$/Sqft

$2,332

$/Sqft

$1,751

$/Sqft

$3,829

DOM

-

DOM

199

DOM

9

DOM

1

2020

Year Built

Year Built

1945

Year Built

Sqft

2,694

Sqft

Lot Size (sqft)

4,498

Lot Size (sqft)

3,000.0 2,450

2017

Sqft

2,681.0

Lot Size (sqft)

2,100

Year Built

1951

Sqft

1,200.0

Lot Size (sqft)

4,000

Area

-

Area

NP - Balboa Peninsula

Area

NP - Balboa Peninsula

Area

NP - Balboa Peninsula

Taxes

28385.4

Taxes

-

Taxes

-

Taxes

-

Beds

3

Beds

4

Beds

4

Beds

3

Baths

4.00

Baths

5.00

Baths

4.00

Baths

2.00

3

Garages

Garages

2

Garages

-

Garages

Acres

0.1

Acres

0.0562

Acres

Coldwell Banker Realty

0.0482 Christie's AKG

Acres

0.0918 Compass

brian liberto EQTY Forbes Global Real Estate Cell: 7149313287 brian@brianliberto.com | www.brianliberto.com | DRE # 01473233

4


Comparative Market Analysis

1027 West Bay Avenue, Newport Beach, California 92661

Comparable Properties

1027 West Bay Avenue

1577 Miramar Drive

1027 W Bay Avenue

317 E Bay Avenue

Newport Beach, CA 92661

Newport Beach, CA 92661

Newport Beach, CA 92661

Newport Beach, California...

ACTIVE

10/30/23

ACTIVE

9/28/23

ACTIVE

8/25/23

SUBJECT PROPERTY

Details MLS #

-

MLS #

NP23201782

MLS #

OC23181483

MLS #

LG23151516

List Price

-

List Price

$4,850,000

List Price

$5,495,000

List Price

$4,650,000

Sold Price

-

Sold Price

-

Sold Price

-

Sold Price

-

Adjusted Price

-

Adjusted Price

-

Adjusted Price

-

Adjusted Price

-

Sold Date

-

Sold Date

-

Sold Date

-

Sold Date

-

$/Sold

-

$/Sqft

$1,896

$/Sqft

$1,788

$/Sqft

$1,775

DOM

-

DOM

33

DOM

61

DOM

93

Year Built

1945

Year Built

2016

Sqft

2,694

Sqft

Lot Size (sqft)

4,498

Lot Size (sqft)

2,558.0 2,450

Year Built

2023

Sqft

3,073.0

Lot Size (sqft)

4,470

Year Built

2021

Sqft

2,620.0

Lot Size (sqft)

2,400

Area

-

Area

NP - Balboa Peninsula

Area

NP - Balboa Peninsula

Area

NP - Balboa Peninsula

Taxes

28385.4

Taxes

-

Taxes

-

Taxes

-

Beds

3

Beds

4

Beds

3

Beds

4

Baths

4.00

Baths

4.00

Baths

4.00

Baths

5.00

2

Garages

1

Garages

2

Garages

-

Garages

Acres

0.1

Acres

0.0562

Acres

EQTY Forbes Global Properties

0.1026 Cefalia Real Estate

Acres

0.0551 Compass

brian liberto EQTY Forbes Global Real Estate Cell: 7149313287 brian@brianliberto.com | www.brianliberto.com | DRE # 01473233

5


Comparative Market Analysis

1027 West Bay Avenue, Newport Beach, California 92661

Comparable Properties

1027 West Bay Avenue

1027 W Bay Avenue

127 E Bay Avenue

402 Seville Avenue

Newport Beach, CA 92661

Newport Beach, CA 92661

Newport Beach, CA 92661

Newport Beach, California...

ACTIVE

9/28/23

ACTIVE

6/8/23

ACTIVE

8/15/23

SUBJECT PROPERTY

Details MLS #

-

MLS #

OC23180766

MLS #

NP23101349

MLS #

NP23146993

List Price

-

List Price

$6,695,000

List Price

$4,995,000

List Price

$4,575,000

Sold Price

-

Sold Price

-

Sold Price

-

Sold Price

-

Adjusted Price

-

Adjusted Price

-

Adjusted Price

-

Adjusted Price

-

Sold Date

-

Sold Date

-

Sold Date

-

Sold Date

-

$/Sold

-

$/Sqft

$2,259

$/Sqft

$1,853

$/Sqft

$1,667

DOM

-

DOM

61

DOM

168

DOM

94

Year Built

2023

Year Built

Year Built

1945

Year Built

2023

Sqft

2,694

Sqft

Lot Size (sqft)

4,498

Lot Size (sqft)

2,964.0 4,498

Sqft

2,696.0

Lot Size (sqft)

2,607

1930

Sqft

2,744.0

Lot Size (sqft)

2,320

Area

-

Area

NP - Balboa Peninsula

Area

NP - Balboa Peninsula

Area

NP - Balboa Peninsula

Taxes

28385.4

Taxes

-

Taxes

-

Taxes

-

Beds

3

Beds

3

Beds

4

Beds

4

Baths

4.00

Baths

5.00

Baths

5.00

Baths

3.00

2

Garages

2

Garages

2

Garages

-

Garages

Acres

0.1

Acres

0.1033

Acres

Compass

0.0598 Coldwell Banker Realty

Acres

0.0533 Coldwell Banker Realty

brian liberto EQTY Forbes Global Real Estate Cell: 7149313287 brian@brianliberto.com | www.brianliberto.com | DRE # 01473233

6


Comparative Market Analysis

1027 West Bay Avenue, Newport Beach, California 92661

Comparable Properties

1027 West Bay Avenue

1740 E Ocean Boulevard

Newport Beach, California...

Newport Beach, CA 92661

SUBJECT PROPERTY

ACTIVE

4/18/23

Details MLS #

-

MLS #

OC23072268

List Price

-

List Price

$7,800,000

Sold Price

-

Sold Price

-

Adjusted Price

-

Adjusted Price

-

Sold Date

-

Sold Date

-

$/Sold

-

$/Sqft

$2,579

DOM

-

DOM

116 1950

Year Built

1945

Year Built

Sqft

2,694

Sqft

Lot Size (sqft)

4,498

Lot Size (sqft)

3,024.0 2,625

Area

-

Area

NP - Balboa Peninsula

Taxes

28385.4

Taxes

-

Beds

3

Beds

5

Baths

4.00

Baths

6.00 2

Garages

-

Garages

Acres

0.1

Acres

0.0603

Engel & Voelkers Laguna Beach

brian liberto EQTY Forbes Global Real Estate Cell: 7149313287 brian@brianliberto.com | www.brianliberto.com | DRE # 01473233

7


Comparative Market Analysis

1027 West Bay Avenue, Newport Beach, California 92661

Comparable Property Statistics X

2 Expired Listings LOWEST

$5,995,000

C

$6,797,500

HIGH

$7,600,000

AVG PRICE / SQFT

AVG DOM

$2,024

158

AVG PRICE / SQFT

AVG DOM

$2,289

141

AVG PRICE / SQFT

AVG DOM

$2,173

84

1 Cancelled Listings LOWEST

$7,495,000

A

AVERAGE

AVERAGE

$7,495,000

HIGH

$7,495,000

10 Active Listings LOWEST

$4,575,000

AVERAGE

$5,534,500

HIGH

$7,800,000

brian liberto EQTY Forbes Global Real Estate Cell: 7149313287 brian@brianliberto.com | www.brianliberto.com | DRE # 01473233

8


Real Estate Redefined.

BRIAN LIBERTO brian@brianliberto.com

714.931.3287

brianliberto.com DRE 01473233


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