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Balboa Island Market Report March, 2012

Balboa Island Market Report March, 2012

Homes for Sale on Balboa Island in Newport Beach | Balboa Island Homes for Sale

Balboa Island in Newport Beach is actually a 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 and these homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly sought-after area of Newport Beach. Balboa Island is a unique area of Newport Beach with close proximity to Fashion Island in Newport Beach takes the ferry across to the Balboa Peninsula to visit the beach and the Wedge.

Currently, there are 21 active listings 4 in back up status (one is a short sale) 3 in pending status and there were 3 sales in March 2012.

Closed sales for past year has an average sales price of $2222710.00 and a price per square foot of $750.38.

Average sales price for sales in the past month was $1754166 with a price per square foot of $950.10.

Listings are up  +1 from February 2012
Back Up is down -2 from February 2012
Pending sales are the same from February 2012
Sales are the same from February 2012

In general Balboa Island is showing a stable market with an absorption rate with an average of seven months of inventory.

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ABOUT ME

Sharon Paxson is a full-time REALTOR® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’s, Landlords, and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with a top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

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DISCLAIMER

DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed.

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