Homes for Sale on Balboa Peninsula and Market Report | April, 2015
Balboa Peninsula is a very desirable location in Newport Beach. The Balboa Peninsula is diverse and offers different styles of homes. The Balboa Peninsula is beach close and there are bayfront homes, oceanfront homes and there are both condos and single-family homes for sale. There are Newport Beach condos for sale in this area, as well as private residences. There are also mixed-use properties as well.
The Balboa Peninsula offers upscale dining and shopping as well.
Currently, there are 13 active listings, 4 in back up, 1 in pending and there were 4 sales in April, 2015.
The average sales price was $2,436,917 with a price per square foot of $1,106.06 and the median price of $1,827,649 and median price per square foot of $913.77.
Market is trending towards a seller’s market.