Balboa Island Newport Beach | Market Update | November, 2012

by Sharon Paxson on December 7, 2012 · 0 comments

Market Update on Balboa Island | Homes for Sale on Balboa Island

Balboa Island Christmas Tree

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.

Closed sales for past year has an average sales price of $2,233,546 and a price per square foot of $831.28.

In general, Balboa Island is showing a stable market trending towards a sellers market with the absorption rate. Currently the inventory is as follows for November, 2012.

17 active listings
4 back up listings
0 pending sale
1 sales

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 Market Update

Search the MLS for Balboa Island homes for sale, and Newport Beach real estate for sale, and bayfront homes for sale in Newport Beach.

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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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