Balboa Island is a very desirable community in 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.
The statistics for Balboa Island are as follows for the month of July, 2014:
Active: 16
Back up: 5
Pending: 1
Sold: 4
The average sales price for the month of July 2014 is $2,926,369 with a price per square foot of $1,239.35
The median sales price for the month of July 2014 is $2,424,750 with a price per square foot of $1,064.77.
Average DOM: 80/120
The highest-priced home sold in the past one year on Balboa Island sold on August, 2013 for $8,350,000 and the house was on South Bayfront.
In general, Balboa Island is showing a seller’s market trending with the absorption rate.
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.