Balboa Island Homes for Sale and Market Update

by Sharon Paxson on June 13, 2013 · 0 comments

Balboa Island Homes for Sale | Market Update | May, 2013

Balboa Island in Newport Beach

Balboa Island in Newport Beach is a very desirable area of Newport Beach. Balboa Island consists 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 May, 2013. There are currently 12 active listings, 0 in back up, 1 pending sales, and 6 sold properties on Balboa Island. There were two short sales  and one REO in the past one year. All of the other sales were standard sales.

12 active listings compared to 8 in April, 2013
0 back up listings compared to 2 in April, 2013
1  pending sale compared to 3 in April, 2013
6 sales compared to 7 sales in  April, 2013

The average sales price for the past one year is 2,257,111 and a price per square foot of $979.15 and a median price of$1,802,500 and a median price per square foot of $909.59.

Past months market reports below.

April, 2013
March, 2013
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 decrease 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.

See all Balboa Island Homes for Sale .
(all data current as of 4/17/2014)

  1. 7 beds, 2 full, 2 part baths
    Home size: 2,836 sq ft
    Lot size: 6,060 sqft
    Year built: 1964
    Parking spots: 4
    Days on market: 2
  2. 5 beds, 3 full, 2 part baths
    Home size: 2,200 sq ft
    Lot size: 2,570 sqft
    Year built: 1993
    Parking spots: 6
    Days on market: 15
  3. 3 beds, 2 full, 2 part baths
    Home size: 2,309 sq ft
    Lot size: 2,614 sqft
    Year built: 1978
    Parking spots: 5
    Days on market: 20
  4. 3 beds, 1 full, 2 part baths
    Home size: 1,900 sq ft
    Lot size: 2,614 sqft
    Year built: 1965
    Parking spots: 4
    Days on market: 24
  5. 3 beds, 3 full baths
    Home size: 1,970 sq ft
    Lot size: 2,614 sqft
    Year built: 1951
    Parking spots: 5
    Days on market: 30
  6. 5 beds, 1 full, 2 part baths
    Home size: 2,105 sq ft
    Lot size: 2,550 sqft
    Year built: 1939
    Parking spots: 4
    Days on market: 31
  7. 4 beds, 3 full, 1 part baths
    Home size: 2,572 sq ft
    Lot size: 2,614 sqft
    Year built: 1971
    Parking spots: 4
    Days on market: 32
  8. 3 beds, 2 full, 1 part baths
    Home size: 2,100 sq ft
    Lot size: 2,550 sqft
    Year built: 1979
    Parking spots: 2
    Days on market: 34
  9. 2 beds, 2 full baths
    Home size: 2,275 sq ft
    Lot size: 2,614 sqft
    Year built: 1930
    Parking spots: 4
    Days on market: 36
  10. 3 beds, 3 full, 1 part baths
    Home size: 3,180 sq ft
    Lot size: 2,591 sqft
    Year built: 2008
    Parking spots: 4
    Days on market: 43
  11. 4 beds, 2 full, 1 part baths
    Home size: 2,017 sq ft
    Lot size: 2,550 sqft
    Year built: 1957
    Parking spots: 4
    Days on market: 44
  12. 3 beds, 1 full, 2 part baths
    Home size: 1,212 sq ft
    Lot size: 2,614 sqft
    Year built: 1947
    Parking spots: 4
    Days on market: 45
  13. 3 beds, 2 full, 2 part baths
    Home size: 2,750 sq ft
    Lot size: 2,614 sqft
    Year built: 2005
    Parking spots: 4
    Days on market: 52
  14. 3 beds, 1 full, 1 part baths
    Home size: 1,044 sq ft
    Lot size: 2,614 sqft
    Year built: 1951
    Parking spots: 4
    Days on market: 52
  15. 6 beds, 2 full, 4 part baths
    Home size: 2,600 sq ft
    Lot size: 2,550 sqft
    Year built: 1979
    Parking spots: 4
    Days on market: 61
  16. 3 beds, 2 full, 2 part baths
    Home size: 2,296 sq ft
    Lot size: 2,550 sqft
    Year built: 2014
    Parking spots: 4
    Days on market: 72
  17. 4 beds, 3 full baths
    Home size: 2,128 sq ft
    Lot size: 2,614 sqft
    Year built: 1976
    Parking spots: 5
    Days on market: 122
  18. 3 beds, 1 full, 2 part baths
    Home size: 3,196 sq ft
    Lot size: 2,250 sqft
    Year built: 1948
    Parking spots: 4
    Days on market: 124
  19. 3 beds, 3 part baths
    Home size: 2,281 sq ft
    Lot size: 2,614 sqft
    Year built: 1930
    Parking spots: 5
    Days on market: 132
  20. 3 beds, 3 full, 1 part baths
    Home size: 3,275 sq ft
    Lot size: 2,250 sqft
    Year built: 2001
    Parking spots: 4
    Days on market: 153
  21. 4 beds, 3 full, 1 part baths
    Home size: 3,200 sq ft
    Lot size: 3,485 sqft
    Year built: 1991
    Parking spots: 4
    Days on market: 169
  22. 3 beds, 3 full, 1 part baths
    Home size: 2,276 sq ft
    Lot size: 2,550 sqft
    Year built: 2010
    Parking spots: 4
    Days on market: 170
  23. 6 beds, 2 full, 2 part baths
    Home size: 2,528 sq ft
    Lot size: 2,614 sqft
    Year built: 1963
    Parking spots: 2
    Days on market: 198
  24. 4 beds, 1 full, 3 part baths
    Home size: 3,635 sq ft
    Lot size: 4,094 sqft
    Year built: 1960
    Parking spots: 4
    Days on market: 212
  25. 5 beds, 2 full, 3 part baths
    Home size: 2,105 sq ft
    Lot size: 2,614 sqft
    Year built: 1959
    Parking spots: 5
    Days on market: 247
  26. 4 beds, 2 full, 2 part baths
    Home size: 2,133 sq ft
    Lot size: 2,614 sqft
    Year built: 1948
    Parking spots: 4
    Days on market: 252
  27. 7 beds, 3 full, 2 part baths
    Home size: 4,482 sq ft
    Lot size: 4,356 sqft
    Year built: 1965
    Parking spots: 2
    Days on market: 332

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

Sharon Paxson

I write about my passion of living the SoCal lifestyle in beautiful Newport Beach. I like to write about the local events, beaches, restaurants, and real estate updates in the area. Call or text me - 949.280.0681

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