Balboa Island in Newport Beach is a man made set of three islands in Newport Beach and they 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. The homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a very unique and desirable place to reside in Newport Beach.
There are two ways to arrive on Balboa Island in Newport Beach, one is on the Balboa Island Ferry which makes a very short passage from the Balboa Peninsula in Newport Beach. It is about a 3 or 4 minute trip, but well worth it. The ferry transports three autos, bicycles, and pedestrians. The beauty if living on Balboa Island is enjoying the bay life style and a quick trip over to the Balboa Peninsula takes you to the sandy beaches and waves.
There is a boardwalk around Balboa Island, and you will see people beginning their day by walking, jogging, or walking their dog around both the main island and the little island of Balboa Island in Newport Beach.
Currently, there are 24 active listings on Balboa Island in Newport Beach, 3 in back up status, 2 in pending and there were four sales in October. Of the active listings, there are no REO properties, and there is one short sale.
Sales are down -1 from September, 2011
With regards to the sales for the past 12 months on Balboa Island - seven were short sales, and there was one REO.
Balboa Island currently only has one home listed under a million dollars and it is a short sale, and it is the only short sale that is for sale currently. In my opinion, the number of short sales and REO sales in this area will be low in comparison to standard sales. Balboa Island has always been highly sought after area. In my opinion, it is a great time to buy and enjoy the lifestyle on Balboa Island in Newport Beach.
Search for homes for sale on Balboa Island in Newport Beach.
If I can answer any questions about Balboa Island homes for sale in Newport Beach, please contact me.
Originally posted at NewportBeachRealEstateCafe.com
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Great information Sharon. Your days on market are way better than our DOM... :)
Great market report as always! Have a wonderful weekend we are actually having some great weather here!
In that price range, I would imagine sales are a little sluggish, Sharon. Great market report.
I know you've heard me say it many times, but I cant say enough wonderful things about Balboa Island. I think it's just a perfect place to live. Great market report for those living as well as considering purchasing real estate in Balboa Island.
Great report, Sharon! Love your Balboa Island photos and your market is looking pretty good too! I find it odd to see 'back-ups' listed as we have no idea when sellers have back-up Offers here--ever (unless they're our own)!
What a lovely area of Southern California! Thanks for highlighting in with your market report of the area.
Sharon - Excellent real estate market report for Balboa Island in Newport Beach CA.