Balboa Peninsula in Newport Beach | Market Update | January, 2014
Balboa Peninsula is a very desirable area in Newport Beach. The Balboa Peninsula is diverse living with condos and single family homes. There are bay front homes, ocean front homes and there are both condos and single family homes for sale. Consider living in a Balboa Peninsula condo, Newport Beach oceanfront home or even consider living on the bay front.
Currently, there are 29 active listings on Balboa Peninsula in Newport Beach, 7 in back up status, 2 pending, and a total of 1 sales during the month of January, 2014. Average price for the past one year was $2,421,600 and average price per square foot of $1,014.12. Median price was $1,825,000 and price per square foot of $841.35. Average DOM was 108.
The absorption rate is trending towards a stable to a seller’s market.
Search the MLS for homes for sale on the Balboa Peninsula, and condos for sale on the Balboa Peninsula in Newport Beach.