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 their 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 seller’s 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.
Search the MLS for Balboa Island homes for sale.