Balboa Peninsula is a beautiful area in Newport Beach with bay front as well as ocean front homes. There are both Newport Beach condos for sale, and Newport Beach single family homes as well. The Balboa Peninsula in Newport Beach is a great place a highly sought after area to reside in Newport Beach. The residents on the Balboa Peninsula live in this area for the lifestyle, as it is very easy to either walk to your destination, or to ride your bike to your Peninsula location. Enjoy shopping and dining on the Balboa Peninsula in Newport Beach.
There is a Pavillion’s grocery store at 32nd Street, in Newport Beach, Chipotle, and some boutique shops at 32nd Street. Also there are many restaurants including El Ranchito, and Ho Sum Bistro just to name a few. If you are looking for more upscale dining, then you might consider Ocean Front 21 located by the Newport Beach Pier.
The Balboa Peninsula is home to the Pavillion in Newport Beach.
Currently, there are 68 active listings (including condos and single family homes) on the Balboa Peninsula in Newport Beach. That includes both condos and single-family homes. Only one of the active listings is a short sale, all the others are standard sales. Since December 1, 2011 there have been 2 sales on the Balboa Peninsula in Newport Beach.
Of the active listings on the Balboa Peninsula, six of the active are condos, and one of the pending sales is also a condo. All the others properties for sale are single family homes. Additionally, of all the active, back up, pending and solds, only one is a short sale, all other are listed as standard sales.
68 Active listings compared to 72 in November, 2011 -4
1 Back up listing compared to 2 in November, 2011 +1
2 Pending sales compared to 1 in November, 2011 +1
2 Sales which is the same as November, 2011
It is a positive trend to see the listings down from November, however this can be cyclical due to the holiday season. The absorption rate remains high on Balboa Peninsula in Newport Beach, where one month is generally not a trend, however the rate to absorb the inventory at the rate the homes are selling is 22 months over the past one year.
