Balboa Peninsula in Newport Beach | Market Update | January, 2012

by Sharon Paxson on February 29, 2012 · 0 comments

Balboa Peninsula  is a highly sought after area in Newport Beach with bay front as well as ocean front homes and condos for sale. There are both Newport Beach condos for sale, and  Newport Beach single family homes as well. The Balboa Peninsula in Newport Beach is a great place  to reside in Newport Beach.  The residents on the Balboa Peninsula live in this area for the lifestyle, as it is very easy to either walk to your destination, or to ride your bike to your Peninsula location. Enjoy shopping and dining on the Balboa Peninsula in Newport Beach.

There is a Pavillion’s grocery store at 32nd Street, in Newport Beach, Chipotle, and some boutique shops at 32nd Street. Also there are many restaurants including El Ranchito, and Ho Sum Bistro just to name a few.

The Balboa Peninsula is home to the Pavillion in Newport Beach. It is a great place to eat dinner and watch the ever changing scenery!

Currently, there are 68 active listings (including condos and single family homes which is the same as November, 2011) on the Balboa Peninsula in Newport Beach. That includes both condos and single family homes. Only one of the active listings is a short sale – being offered for $624,000. All the others are standard sales. Since January 1, 2012 there have been 2 sales on the Balboa Peninsula in Newport Beach.

Of the property listed for sale on Balboa Peninsula and market activity for Janaury, 2012, 8 of the active 68 listings are condos, and 1 of the 2 sales on the Balboa Peninsula are condos.

68 Active listings compared to 68 in December, 2011 - the same
3 Back up listing compared to 1 in December, 2011 +2
5 Pending sales compared to 2 in December, 2011 +3
2 Sales which is the same as December, 2011

The absorption rate remains high on Balboa Peninsula in Newport Beach, where one month is generally not a trend, however the rate to absorb the inventory at the rate the homes are selling is over 18 months for a three month trend, and up from there. At the rate of two sales per month with that inventory and assuming that no other homes get added to the inventory, it will take up to 42 months to sell the current inventory of homes.

It is interesting that of this inventory on the Balboa Peninsula, only one is a distressed sale – a short sale, and all the others are equity sales. Additionally, the majority of properties for sale are single family homes versus condos.

One of the back up properties just sold on the Balboa Peninsula in Newport Beach. This spectacular condo is located at 206 1/2 Adams in Newport Beach just sold! However, there is another one at 206 Adams in Newport Beach, that is being offered at $795,000.

Search the MLS for homes for sale on the Balboa Peninsula, and condos for sale on the Balboa Peninsula in Newport Beach. Take advantage of this spectacular inventory on the Peninsula in Newport Beach.

See all Balboa Peninsula Homes for Sale.
(all data current as of 7/25/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 2,250 sq ft
    Lot size: 1,750 sqft
    Year built: 1998
    Parking spots: 2
    Days on market: 4
  2. 4 beds, 1 full, 4 part baths
    Home size: 2,400 sq ft
    Lot size: 2,178 sqft
    Year built: 2014
    Parking spots: 2
    Days on market: 4
  3. 4 beds, 3 full baths
    Home size: 2,132 sq ft
    Lot size: 2,100 sqft
    Year built: 1912
    Days on market: 14
  4. 3 beds, 3 full, 1 part baths
    Home size: 2,800 sq ft
    Lot size: 2,400 sqft
    Year built: 2014
    Parking spots: 2
    Days on market: 23
  5. 3 beds, 3 full, 1 part baths
    Home size: 2,416 sq ft
    Lot size: 2,531 sqft
    Year built: 2008
    Parking spots: 3
    Days on market: 25
  6. 7 beds, 5 full, 3 part baths
    Home size: 6,840 sq ft
    Lot size: 6,534 sqft
    Year built: 2005
    Parking spots: 3
    Days on market: 29
  7. 4 beds, 2 full, 3 part baths
    Home size: 2,200 sq ft
    Lot size: 1,742 sqft
    Year built: 2007
    Parking spots: 2
    Days on market: 33
  8. 4 beds, 4 full baths
    Home size: 3,100 sq ft
    Lot size: 5,227 sqft
    Year built: 2000
    Parking spots: 3
    Days on market: 37
  9. 4 beds, 2 full, 2 part baths
    Home size: 2,900 sq ft
    Lot size: 2,614 sqft
    Year built: 2006
    Parking spots: 2
    Days on market: 50
  10. 3 beds, 2 full baths
    Home size: 1,314 sq ft
    Lot size: 3,049 sqft
    Year built: 1952
    Parking spots: 1
    Days on market: 50
  11. 4 beds, 3 full baths
    Home size: 2,485 sq ft
    Lot size: 2,614 sqft
    Year built: 1948
    Parking spots: 2
    Days on market: 51
  12. 4 beds, 3 full baths
    Home size: 2,000 sq ft
    Lot size: 2,614 sqft
    Year built: 1927
    Parking spots: 1
    Days on market: 53
  13. 3 beds, 3 full baths
    Home size: 2,042 sq ft
    Lot size: 3,151 sqft
    Year built: 1952
    Parking spots: 2
    Days on market: 60
  14. 3 beds, 2 full baths
    Home size: 1,158 sq ft
    Lot size: 3,149 sqft
    Year built: 1923
    Parking spots: 2
    Days on market: 68
  15. 3 beds, 2 full, 1 part baths
    Home size: 3,500 sq ft
    Lot size: 5,663 sqft
    Year built: 1975
    Parking spots: 3
    Days on market: 77
  16. 6 beds, 2 full, 6 part baths
    Home size: 3,600 sq ft
    Lot size: 4,356 sqft
    Year built: 1970
    Parking spots: 5
    Days on market: 81
  17. 4 beds, 3 full baths
    Home size: 2,300 sq ft
    Lot size: 2,614 sqft
    Year built: 1936
    Parking spots: 3
    Days on market: 93
  18. 7 beds, 3 full, 1 part baths
    Home size: 3,821 sq ft
    Lot size: 8,520 sqft
    Year built: 1963
    Parking spots: 3
    Days on market: 101
  19. 4 beds, 3 full, 2 part baths
    Home size: 4,400 sq ft
    Lot size: 5,000 sqft
    Year built: 1946
    Parking spots: 5
    Days on market: 102
  20. 3 beds, 1 full, 2 part baths
    Home size: 2,987 sq ft
    Lot size: 3,200 sqft
    Year built: 1933
    Parking spots: 3
    Days on market: 105
  21. 3 beds, 2 full, 1 part baths
    Home size: 1,681 sq ft
    Lot size: 3,100 sqft
    Year built: 2014
    Parking spots: 2
    Days on market: 107
  22. 3 beds, 3 full, 1 part baths
    Home size: 2,352 sq ft
    Lot size: 2,100 sqft
    Year built: 2011
    Parking spots: 2
    Days on market: 107
  23. 3 beds, 3 full, 1 part baths
    Home size: 1,842 sq ft
    Lot size: 3,100 sqft
    Year built: 2014
    Parking spots: 2
    Days on market: 107
  24. 2 beds, 2 full baths
    Home size: 1,246 sq ft
    Lot size: 2,178 sqft
    Year built: 1945
    Parking spots: 2
    Days on market: 109
  25. 5 beds, 1 full, 1 part baths
    Home size: 2,213 sq ft
    Lot size: 3,485 sqft
    Year built: 1924
    Parking spots: 2
    Days on market: 112
  26. 4 beds, 2 full, 3 part baths
    Home size: 2,846 sq ft
    Lot size: 3,360 sqft
    Year built: 2008
    Parking spots: 2
    Days on market: 114
  27. 3 beds, 3 full, 1 part baths
    Home size: 3,715 sq ft
    Lot size: 3,280 sqft
    Year built: 2002
    Parking spots: 2
    Days on market: 116
  28. 3 beds, 2 full, 1 part baths
    Home size: 2,000 sq ft
    Lot size: 2,000 sqft
    Year built: 1986
    Parking spots: 2
    Days on market: 143
  29. 4 beds, 1 full, 3 part baths
    Home size: 2,600 sq ft
    Lot size: 1,742 sqft
    Year built: 1955
    Parking spots: 2
    Days on market: 143
  30. 4 beds, 2 full baths
    Home size: 1,800 sq ft
    Lot size: 2,614 sqft
    Year built: 1914
    Parking spots: 3
    Days on market: 174
  31. 5 beds, 4 full baths
    Home size: 1,938 sq ft
    Lot size: 1,875 sqft
    Year built: 1971
    Parking spots: 2
    Days on market: 226
  32. 5 beds, 5 full baths
    Home size: 3,200 sq ft
    Lot size: 2,178 sqft
    Year built: 2000
    Parking spots: 2
    Days on market: 232
  33. 4 beds, 5 full, 1 part baths
    Home size: 5,314 sq ft
    Lot size: 3,200 sqft
    Year built: 2005
    Parking spots: 4
    Days on market: 259
  34. 3 beds, 1 full bath
    Home size: 850 sq ft
    Lot size: 2,000 sqft
    Year built: 1910
    Parking spots: 2
    Days on market: 282
  35. 4 beds, 3 full baths
    Home size: 2,834 sq ft
    Lot size: 3,920 sqft
    Year built: 1969
    Parking spots: 3
    Days on market: 380
  36. 5 beds, 2 full, 2 part baths
    Home size: 2,600 sq ft
    Lot size: 3,049 sqft
    Year built: 1976
    Parking spots: 4
    Days on market: 422
  37. 6 beds, 4 full, 4 part baths
    Home size: 6,880 sq ft
    Lot size: 12,000 sqft
    Year built: 2006
    Parking spots: 4
    Days on market: 442
  38. 4 beds, 5 full, 1 part baths
    Home size: 2,608 sq ft
    Lot size: 3,522 sqft
    Year built: 1977
    Parking spots: 2
    Days on market: 486

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

Sharon Paxson

I write about my passion of living the SoCal lifestyle in beautiful Newport Beach. I like to write about the local events, beaches, restaurants, and real estate updates in the area. Call or text me - 949.280.0681

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