Balboa Island in Newport Beach | Market Update | October, 2012

by Sharon Paxson on November 13, 2012 · 0 comments

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

Balboa Island in Newport Beach is actually three islands in Newport Beach and the islands 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. People move to Balboa Island because of the lifestyle. Balboa Island is a beautiful area of Newport Beach and unique charm, with close proximity to Fashion Island in Newport Beach, and take the ferry across to the Balboa Peninsula to visit the beach.

Balboa Island in Newport Beach

Currently, there are 14 active listings, 3 in back up, 1 in pending, and there were 5 sales in the month of October, 2012. The active inventory of property available for sale on Balboa Island has declined.

Closed sales for past year has an average sales price of $2,140,993 and a price per square foot of $844.38.

In general, Balboa Island is trending towards a sellers market with the absorption rate

14 active listings compared to 11 active listings in September, 2012 –  up +3
3 back up listings compared to 2 back up in September, 2012, – down -1
1 pending sale compared to 2 pending sale in September, 2012 – down -1
5 sales compared to 5 sales in September,  2012, – the same

Past months market reports below.

October, 2012
September, 2012
August, 2012
July, 2012
July, 2012
June, 2012
May, 2012
April, 2012
March, 2012 Market Report
February, 2012 Market Report
January, 2012 Market Report
December, 2011 Market Report

In general, Balboa Island is showing  a sellers market with the absorption rate.  This has shown a steady decline since January, 2012. This trend is showing a strong seller’s market in Newport Beach. 

Balboa Island in Newport Beach Market Update

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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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