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Balboa Island Homes for Sale | Market Update, July, 2014

Balboa Island Homes for Sale | Market Update | July, 2014

 Balboa Island is a highly sought after area of Newport Beach. Balboa Island in Newport Beach consists of  three islands in Newport Beach and the islands include the main island, the little island and Collins Island.

Buyers move to Balboa Island because of the unique lifestyle and incredible location. Balboa Island has unique charm, with the vert close location to upscale shopping and dining in Newport Beach. It is a ferry ride across to the Balboa Peninsula.

 

The statistics for Balboa Island are as follows for the month of July, 2014:

Active: 16

Back up: 5

Pending: 1

Sold:        4

Average sales price for month of July, 2014 is $2,926,369 with a price per square foot of $1,239.35 Median sales price for month of July, 2014 is $2,424,750 with a price per square foot of $1,064.77. Average DOM: 80/120 

The highest priced home sold in the past one year on Balboa Island sold on August, 2013 for $8,350,000 and the house was on South Bayfront. In general, Balboa Island is showing a seller's market trending with the absorption rate.

Search the MLS for Balboa Island homes for sale, and Newport Beach real estate for sale, and bayfront homes on Balboa Island for sale in Newport Beach. Search for Balboa Island houses for sale.

Originally posted at NewportBeachRealEstateCafe.com
0 commentsSharon Paxson • August 19 2014 07:41PM
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