Balboa Island Homes for Sale | Market Update | December, 2014
Balboa Island is a highly coveted 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. 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.
Enjoy the charm of Balboa Island, and Marine Ave does have upscale dining and unique boutiques. It is most definitely a destination point, and most visiting Newport Beach do visit Balboa Island. This is what I love about Newport Beach, as the areas are really quite diverse.
Balboa Island does have bay front homes and many of which are Newport Beach homes with boat slips.
The statistics for Balboa Island are as follows for the month of December, 2014:
Active: 10
Back up: 0
Pending: 0
Sold: 1
Average sales price for month of December, 2014 is $2,555,951 with a price per square foot of $1,122.89.
Median sales price for month of December, 2014 is $2,000,000 with a price per square foot of $990.28.
Average DOM/CDOM: 97/146
The highest priced home sold in the past one year on Balboa Island sold on 10/20/2014 for $7,200,000 and the house was on 810 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.