Balboa Peninsula in Newport Beach | Market Update | December 2012
Balboa Peninsula is a beautiful area in Newport Beach with ocean front and bay front homes and condos for sale. There are both Newport Beach condos for sale, and Newport Beach single family homes as well. The Balboa Peninsula in Newport Beach is a very desirable place to reside in Newport Beach. The residents on the Balboa Peninsula reside in this area for the lifestyle. Living on the Balboa Peninsula is a lifestyle.
Currently, there are 42 active listings on Balboa Peninsula in Newport Beach, 4 in back up status, 1 pending, and a total of 11 sales during the month of December, 2012. Active listings have increased and are now at 42 (26 last month).
The average price of homes that sold during the month of December, 2012 is $2,336,856 with an average price per square foot of $782.42 (down from prior month). Sales price of homes sold also includes Balboa Peninsula Point which do have a higher average sales price.
42 Active listings compared to 26 in November, 2012 – up +16
4 Back up listing compared to 6 in November, 2012 – down -2
1 Pending sales compared to 0 in November, 2012 – up +1
11 Sales compared to 4 in November, 2012, down -1
Past months market reports
The graph below shows number of houses sold on the Balboa Peninsula by month, and price per square foot.
The absorption rate remains is trending towards a sellers market on Balboa Peninsula in Newport Beach.
$1,550,000 : 130 39th Street, Newport Beach6 beds, 2 full baths
$1,975,000 : 2120 Seville Avenue, Newport Beach4 beds, 2 full, 1 three-quarter baths
$1,530,500 : 124 E Bay Avenue, Newport Beach4 beds, 3 full baths
$1,405,000 : 319 Cypress Street, Newport Beach2 beds, 2 full, 1 half baths
$6,895,000 : 1004 W Oceanfront, Newport Beach5 beds, 3 full, 1 half baths
$1,280,000 : 220 1/2 30th Street , Unit 2, Newport Beach3 beds, 2 full baths
$1,350,000 : 112 26th Street, Newport Beach2 beds, 2 full baths
$1,873,802 : 5501 River Avenue, Newport Beach3 beds, 3 full, 1 half baths
See all Balboa Peninsula Recent Homes Sales in Newport Beach.
(all data current as of 1/21/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.