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Balboa Island Homes for Sale | Market Report

Balboa Island Homes for Sale | Market Report

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

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.

Closed sales for the past year has an average sales price of $2193144 and a price per square foot of $866.58.

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 December 2012.

11 active listings
5 back up listings
0 pending sale
5 sales

11 active listings compared to 17 in November 2012
5 back up listings compared to 4 in November 2012
0 pending listings compared to 0 in November 2012
4 sold listings compared to 1 in November 2012

Looking at the trends for the past year on Balboa Island in Newport Beach the month with the highest sale was in November 2012 and that was the only sale that month. The highest price per square foot was in October with a price per square foot of over $1000.00.

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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

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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