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

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

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 their 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.

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 the past year have an average sales price of $2140993 and a price per square foot of $844.38.

In general Balboa Island is trending towards a seller’s market with an 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

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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: 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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