Balboa Island Homes for Sale | Market Update | January, 2013
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. Collins Island in Newport Beach is a gated community and has only 8 homes located on it, and these homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly desirable area of Newport Beach. Buyers move to Balboa Island because of the lifestyle. Balboa Island has unique charm, with close proximity to upscale shopping and dining in Newport Beach. And take the ferry across to the Balboa Peninsula to visit the beach. In general, Balboa Island is showing a stable market trending towards a sellers market with the absorption rate.
Currently the inventory is as follows for January, 2014.. There are currently 15 active listings, 2 in back up, 2 pending sales, and 2 sold properties on Balboa Island. The average sales price for the past one year is 2,286,600 and a price per square foot of $1,067.04 and a median price of $2,012,500 and a median price per square foot of $981.39. Average days on market were 92 and CDOM was 104 for the past one year.
Past months market reports below. January, 2014
The highest sale in the past one year was at 1802 Bayfront, Newport Beach on 8.5.2013 for $8,350,000.
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
Sharon Paxson REALTOR®