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.
Search the MLS for Balboa Island homes for sale.
I would be a parrot head if I lived in Balboa Island. It would be margarita time every evening, and sailboating every morning.