Balboa Island Market Update | February, 2013

Market Update on Balboa Island | February, 2013 | Homes for Sale on Balboa Island

Balboa Island in Newport Beach

Balboa Island in Newport Beach is a highly sought after area in which is comprised of 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.

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 February, 2013.

12 active listings compared to 7 in January, 2013
4 back up listings compared to 2 in January, 2013
5  pending sale compared to 0 in January, 2013
3 sales compared to 3 sales in January, 2013

The average sales price for the past one year is $1,840,000 and a price per square foot of $924.08 and a median price of$1,925,000 and a median price per square foot of $924.08.

There were a total of 2 short sales in the past one year on Balboa Island Homes for sale.

Past months market reports below.

February, 2013
January, 2013
December, 2012
November, 2012
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 

This trend is showing a strong seller’s market in Newport Beach.  The number of listings did increase from prior month.There is still also a very low absorption rate.

Homes for sale on Balboa Island

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

  1. 4 beds, 3 full, 1 part baths
    Home size: 2,668 sq ft
    Lot size: 2,614 sqft
    Year built: 1950
    Parking spots: 4
    Days on market: 1
  2. 3 beds, 2 full baths
    Home size: 1,397 sq ft
    Lot size: 2,614 sqft
    Year built: 1951
    Parking spots: 2
    Days on market: 6
  3. 3 beds, 1 full, 3 part baths
    Home size: 2,459 sq ft
    Lot size: 2,614 sqft
    Year built: 2005
    Parking spots: 4
    Days on market: 14
  4. 5 beds, 2 full, 3 part baths
    Home size: 2,805 sq ft
    Lot size: 2,614 sqft
    Year built: 1967
    Parking spots: 4
    Days on market: 24
  5. 0 beds, 0 baths
    Home size: 2,900 sq ft
    Lot size: 2,900 sqft
    Year built: 1956
    Parking spots: 3
    Days on market: 48
  6. 5 beds, 4 full baths
    Home size: 2,900 sq ft
    Lot size: 2,614 sqft
    Year built: 1956
    Parking spots: 5
    Days on market: 54
  7. 7 beds, 4 full baths
    Home size: 2,900 sq ft
    Lot size: 2,614 sqft
    Year built: 1964
    Parking spots: 4
    Days on market: 61
  8. 0 beds, 0 baths
    Home size: 2,900 sq ft
    Lot size: 2,614 sqft
    Year built: 1964
    Parking spots: 4
    Days on market: 61
  9. 3 beds, 3 full baths
    Home size: 2,375 sq ft
    Lot size: 2,614 sqft
    Year built: 1992
    Parking spots: 4
    Days on market: 68
  10. 0 beds, 0 baths
    Home size: 2,598 sq ft
    Lot size: 2,614 sqft
    Year built: 1971
    Parking spots: 6
    Days on market: 89
  11. 4 beds, 4 full, 1 part baths
    Home size: 3,981 sq ft
    Lot size: 4,420 sqft
    Year built: 2008
    Parking spots: 5
    Days on market: 91
  12. 7 beds, 4 full baths
    Home size: 2,598 sq ft
    Lot size: 2,614 sqft
    Year built: 1971
    Parking spots: 6
    Days on market: 91
  13. 3 beds, 2 full, 1 part baths
    Home size: 2,139 sq ft
    Lot size: 2,550 sqft
    Year built: 1991
    Parking spots: 4
    Days on market: 98
  14. 0 beds, 0 baths
    Home size: 2,693 sq ft
    Lot size: 2,614 sqft
    Year built: 1968
    Parking spots: 4
    Days on market: 112
  15. 5 beds, 5 full, 1 part baths
    Home size: 4,030 sq ft
    Lot size: 4,356 sqft
    Year built: 2004
    Parking spots: 6
    Days on market: 120
  16. 3 beds, 2 full baths
    Home size: 910 sq ft
    Lot size: 2,564 sqft
    Year built: 1948
    Parking spots: 4
    Days on market: 123
  17. 3 beds, 1 full, 2 part baths
    Home size: 2,152 sq ft
    Lot size: 2,550 sqft
    Year built: 1986
    Parking spots: 4
    Days on market: 133
  18. 3 beds, 2 full, 1 part baths
    Home size: 2,100 sq ft
    Lot size: 2,614 sqft
    Year built: 1979
    Parking spots: 4
    Days on market: 163
  19. 3 beds, 1 full, 2 part baths
    Home size: 1,472 sq ft
    Lot size: 2,614 sqft
    Year built: 1939
    Parking spots: 4
    Days on market: 175
  20. 0 beds, 0 baths
    Home size: 2,490 sq ft
    Lot size: 2,614 sqft
    Year built: 1934
    Parking spots: 2
    Days on market: 274

See all Balboa Island Main Homes for Sale.
(all data current as of 9/2/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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