Balboa Island Homes for Sale | Market Update | May, 2013
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.
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.
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.
Search the MLS for Balboa Island homes for sale, and Newport Beach real estate for sale, and bayfront homes for sale in Newport Beach.
$2,950,000 : 111 Emerald Avenue, Newport Beach3 beds, 3 full, 2 half baths
$7,950,000 : 808 S Bay Front, Newport Beach3 beds, 3 full, 1 half baths
$3,850,000 : 113 Grand Canal, Newport Beach5 beds, 2 full, 1 three-quarter baths
$3,495,000 : 333 Amethyst Avenue, Newport Beach6 beds, 4 full, 1 half baths
$3,495,000 : 220 Onyx Avenue, Newport Beach3 beds, 2 full, 1 three-quarter, 1 half baths
$6,950,000 : 339 E. Bayfront, Newport Beach3 beds, 3 full, 1 half baths
$3,350,000 : 116 Abalone Avenue, Newport Beach4 beds, 1 full, 2 three-quarter, 2 half baths
$3,750,000 : 139 N Bay Front N, Newport Beach3 beds, 2 full baths
$2,375,000 : 114 Ruby Avenue, Newport Beach4 beds, 2 three-quarter baths
See all Balboa Island Homes for Sale .
(all data current as of 10/22/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.