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

by Sharon Paxson on March 20, 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.

Balboa Peninsula boardwalk

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.

Currently, there are 68 active listings on Balboa Peninsula in Newport Beach, 2 in back up status, 6 pending, and a total of 8 sales in the month of February.

Balboa Peninsula market update

There are 58 single family active listings, 2 back up, 6 pending, and 6 sales.

Balboa Peninsula Single Family Homes for Sale

RE: the condo market on the Balboa Peninsula, 10 are active listings, and 2 of the sales were condos in February.

Balboa Peninsula condos

The average price of homes that sold during the month of February is $3,214,800.

68 Active listings compared to 68 in January, 2012 – the same
2 Back up listing compared to 3 in January, 2012 -1
6 Pending sales compared to 5 in January, 2012 +1
6 Sales compared to 2 in January, 2012, +4

The absorption rate remains high on Balboa Peninsula in Newport Beach, however it is trending down from last month. Last month (January, 2012) the three month absorption rate was 18.5 months, and in February, 2012 it is now 15 months. Homes are selling.Balboa Peninsula absorption rate

Search the MLS for homes for sale on the Balboa Peninsula, and condos for sale on the Balboa Peninsula in Newport Beach.

See all Balboa Peninsula Homes for Sale.
(all data current as of 10/21/2014)

  1. 3 beds, 2 full, 2 part baths
    Home size: 1,700 sq ft
    Lot size: 3,100 sqft
    Year built: 2012
    Parking spots: 4
    Days on market: 5
  2. 4 beds, 3 full baths
    Home size: 1,800 sq ft
    Lot size: 2,400 sqft
    Year built: 1989
    Parking spots: 6
    Days on market: 6
  3. 4 beds, 3 full, 1 part baths
    Home size: 1,988 sq ft
    Lot size: 2,145 sqft
    Year built: 1948
    Parking spots: 4
    Days on market: 11
  4. 6 beds, 1 full, 3 part baths
    Home size: 2,500 sq ft
    Lot size: 2,450 sqft
    Year built: 1996
    Parking spots: 4
    Days on market: 15
  5. 3 beds, 2 full baths
    Home size: 1,800 sq ft
    Lot size: 2,178 sqft
    Year built: 1988
    Parking spots: 4
    Days on market: 15
  6. 5 beds, 3 full, 1 part baths
    Home size: 2,834 sq ft
    Lot size: 3,150 sqft
    Year built: 1960
    Parking spots: 4
    Days on market: 27
  7. 3 beds, 3 full baths
    Home size: 2,160 sq ft
    Lot size: 2,100 sqft
    Year built: 1972
    Parking spots: 4
    Days on market: 36
  8. 4 beds, 3 full baths
    Home size: 2,132 sq ft
    Lot size: 2,100 sqft
    Year built: 1912
    Days on market: 101
  9. 3 beds, 3 full, 1 part baths
    Home size: 2,416 sq ft
    Lot size: 2,531 sqft
    Year built: 2008
    Parking spots: 6
    Days on market: 112
  10. 3 beds, 2 full baths
    Home size: 1,158 sq ft
    Lot size: 3,149 sqft
    Year built: 1923
    Parking spots: 4
    Days on market: 156
  11. 3 beds, 2 full, 1 part baths
    Home size: 1,681 sq ft
    Lot size: 3,049 sqft
    Year built: 2014
    Parking spots: 4
    Days on market: 194
  12. 3 beds, 3 full, 1 part baths
    Home size: 1,842 sq ft
    Lot size: 3,049 sqft
    Year built: 2014
    Parking spots: 4
    Days on market: 195
  13. 2 beds, 2 full baths
    Home size: 1,246 sq ft
    Lot size: 2,178 sqft
    Year built: 1945
    Parking spots: 4
    Days on market: 197
  14. 4 beds, 1 full, 3 part baths
    Home size: 2,600 sq ft
    Lot size: 1,742 sqft
    Year built: 1955
    Parking spots: 4
    Days on market: 231
  15. 4 beds, 3 full baths
    Home size: 2,834 sq ft
    Lot size: 3,920 sqft
    Year built: 1969
    Parking spots: 6
    Days on market: 468

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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