Balboa Peninsula in Newport Beach | Market Update | June, 2014
Balboa Peninsula is a very desirable area in Newport Beach. The Balboa Peninsula offers diverse living with condos and single family homes. There are bay front homes, ocean front homes and there are both condos and single family homes for sale. Consider living in a Balboa Peninsula condo, Newport Beach oceanfront home or even consider living on the bay front.
Currently, there are 34 active listings on Balboa Peninsula in Newport Beach, 2 in back up status, 9 pending, and a total of 7 sales during the month of June, 2014.
- Average price for the past one year was $2,974,022
- Average price per square foot of $1,178.06
- Median price was $2,312,500
- Median price per square foot of $1,063.76
- Average DOM 100/166Previous market reports:
The absorption rate graph is below. The absorption is trending towards a seller's market.
originally posted at NewportBeachRealestatecafe.com