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Peninsula Point Newport Beach Market Update April, 2012

Peninsula Point Newport Beach Market Update April, 2012

Homes for Sale on Balboa Peninsula Point in Newport Beach | Balboa Peninsula Point Homes for Sale

The community of Peninsula Point is located at the end of the Peninsula. This area includes the area from A Street to the end of the Peninsula near the Wedge.

Balboa Peninsula Point is located at the end of the Balboa Peninsula in Newport Beach. Balboa Peninsula Point in Newport Beach is a highly sought-after community. This area of Newport Beach truly represents the beach lifestyle. Balboa Peninsula Point encompasses the homes from A Street to the end of the Balboa Peninsula. There are bay view homes and oceanfront homes as well in this area. The homes that are oceanfront are right on the beach and there is no boardwalk in front of these homes.

Balboa Peninsula Point has a community association and the name of the association is the Balboa Peninsula Point.

Currently, Balboa Peninsula Point in Newport Beach has  29 active listings 2 in back up status and there were 2 sales in the month of April 2012.

Listings are down -2 since March 2012
Back Up is up +1 since March 2012
Pending is 0 since March 2012
Solds are up +1 from March 2012

The average sales price for the past one year is $3087727 with an average price per square foot of $841.08.

The absorption rate in Balboa Peninsula Point shows 15 months for a three-month trend.

View Balboa Peninsula in Newport Beach past month’s market reports.

March 2012 Market Report
February 2012 Market Report
January 2012 Market Report

Regarding the 22 sales for the past year, one was an REO or bank owned property and there was one probate. All the other sales were standard sales.

The absorption rate in Balboa Peninsula Point remains just at a year of inventory for a three month trend and the trend goes higher for six and 12 months.

Search the MLS for Balboa Peninsula Point homes for sale.

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ABOUT ME

Sharon Paxson is a full-time REALTORĀ® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyerā€™s, Sellerā€™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 aĀ 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: 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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