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Peninsula Point Newport Beach Market Update May, 2012

Peninsula Point Newport Beach Market Update May, 2012

Homes for Sale on Balboa Peninsula Point in Newport Beach | Balboa Peninsula Point Homes for Sale

Balboa Peninsula Point in Newport Beach is located on the Balboa PeninsulaBalboa Peninsula Point in Newport Beach is a highly sought after community. Balboa Peninsula Point encompasses the homes from A Street to the end of the Balboa Peninsula. On Balboa Peninsula Point, there are bay view homes and oceanfront homes as well in this area. The homes that are oceanfront are right on the beach, and there is no boardwalk in front of these homes.

Currently, Balboa Peninsula Point in Newport Beach has  26 active listings, 2 in back up status, one in pending status,  and there were 2 sales in the month of May. 2012.

Active 26
Back Up 2
Pending 1
Sold 0

Listings are down -3 since April, 2012
Back Up is the same since April, 2012
Pending is up +1 since April, 2012
Solds are down -2 from April, 2012

The average sales price for the past one year is $3,374,613 with an average price per square foot of $841.08.

The absorption rate in Balboa Peninsula Point shows 15 months for a three-month trend.

The absorption rate in Balboa Peninsula Point remains just at a year of inventory for a three-month trend, and the trend goes higher for six and 12 months.

Absorption Rate, May 2012
Balboa Peninsula Point Market Update

Information Deemed Reliable but not Guaranteed

Courtesy of www.NewportBeachRealEstateCafe.com

Info taken from CRMLS

Do Not Use Without Permission

 

 1

Month

3

Months 

6

Months 

12

Months 

Listings 26 26 26 26
Sold  0 7  12  22
AverageSold/Mo 0 2  2  2
Month’s Inventory 4.0 11.1 13.0 14.2

Search the MLS for Balboa Peninsula Point homes for sale in Newport Beach and Peninsula Point real estate. Search for Balboa Peninsula Point real estate and homes for sale on Peninsula Point in Newport Beach.

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ABOUT ME

Sharon Paxson is a full-time REALTOR® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’s, Landlords, and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with a top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

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DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed.

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