Homes for Sale in Balboa Island in Newport Beach | Market Report June, 2013
Balboa Island Homes for Sale | Market Update | June, 2013
Balboa Island in Newport Beach is a charming 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 has an amazing lifestyle and is unique charm, with close proximity to upscale shopping and dining 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 June, 2013. There are currently 9 active listings, 1 in back up, 2 pending sales, and 2 sold properties on Balboa Island.
The average sales price for the past one year is 2,292,777 and a price per square foot of $995.31 and a median price of$1,825,000 and a median price per square foot of $941.92. Both the average and the median price are up over last month.
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. Search for Balboa Island houses for sale.
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(all data current as of 4/26/2015)
$2,459,000 : 319 Coral Avenue, Newport Beach3 beds, 1 full, 2 part baths
$4,799,000 : 804 South Bay Front, Newport Beach3 beds, 2 full, 1 part baths
$6,995,000 : 5 Collins Island, Newport Beach4 beds, 1 full, 3 part baths
$2,500,000 : 204 Pearl Avenue, Newport Beach3 beds, 1 full, 2 part baths
$3,195,000 : 123 Grand Canal, Newport Beach3 beds, 2 full, 1 part baths
$6,350,000 : 304 South Bay Front, Newport Beach4 beds, 3 full, 1 part baths
$5,900,000 : 530 South Bay Front, Newport Beach6 beds, 4 full baths
$3,000,750 : 127 Jade Avenue, Newport Beach5 beds, 2 full, 3 part baths
$3,895,000 : 121 Jade Avenue, Newport Beach4 beds, 2 full, 2 part baths
$3,080,000 : 208 Ruby Avenue, Newport Beach4 beds, 3 full, 2 part baths
$5,500,000 : 542 South Bay Front, Newport Beach5 beds, 1 full, 2 part baths
$3,995,000 : 139 North Bay Front, Newport Beach3 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.