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Balboa Island Newport Beach Market Update January 2014

Balboa Island Newport Beach Market Update January 2014

Balboa Island Homes for Sale | Market Update | January, 2014

homes for sale on balboa island in newport beach

Balboa Island homes for sale, Newport Beach

Balboa Island is seen in the background, with the Balboa Peninsula located in the foreground with the Balboa Pier. Balboa Island is a highly sought-after area of Newport Beach.

Balboa Island in Newport Beach 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 desirable area of Newport Beach. Buyers move to Balboa Island because of the lifestyle. Balboa Island has 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 January, 2014.. There are currently 15 active listings, 2 in back up, 2 pending sales, and 2 sold properties on Balboa Island.  The average sales price for the past one year is 2,286,600 and a price per square foot of $1,067.04 and a median price of $2,012,500 and a median price per square foot of $981.39. Average days on market were 92 and CDOM was 104 for the past one year.

The highest sale in the past one year was at 1802 Bayfront, Newport Beach on 8.5.2013 for $8,350,000.

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

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ABOUT ME

Sharon Paxson is a full-time REALTOR® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’s, Landlords, and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with a top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

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DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed.

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