Balboa Peninsula Homes for Sale | Balboa Peninsula in Newport Beach
Balboa Peninsula is a beautiful area in Newport Beach with ocean front and bay 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 very desirable place to reside in Newport Beach. The residents on the Balboa Peninsula live in this area for the lifestyle. 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.
Currently, there are 35 active listings on Balboa Peninsula in Newport Beach, 4 in back up status, 3 pending, and a total of 7 sales during the month of July, 2012. Active listings have declined and are now at 35.
The average price of homes that sold during the month of July, 2012 is $1,801,607 with an average price per square foot of $888.23. Sales price from last month is down. Sales price of homes sold also includes Balboa Peninsula Point which do have a higher average sales price.
The average price of homes sold the past year on the Balboa Peninsula is $2,505,088 with a price per square foot of $766.96.
35 Active listings compared to 71 in June, 2012 -down -36
6 Back up listing compared to 11 in June, 2012 – down -5
3 Pending sale compared to 6 in June, 2012 down -3
7 Sales compared to 3 in June, 2012, up +4
The absorption rate remains high on Balboa Peninsula in Newport Beach, however it is trending down from last month. Homes are selling, and the inventory is declining.
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