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.
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