Homes for Sale on Balboa Island in Newport Beach | Balboa Island Homes for Sale
Balboa Island in Newport Beach is a set of three islands in Newport Beach and they 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 sought after area of Newport Beach. Balboa Island is a beautiful area of Newport Beach and unique charm with close proximity to Fashion Island in Newport Beach and take the ferry across to the Balboa Peninsula to visit the beach and the Wedge.
Currently, there are 15 active listings 6 in back up 2 in pending and there were 5 sales in the month of May 2012.
Closed sales for past year has an average sales price of $2170023 and a price per square foot of $815.72.
Average sales price for sales in April 2012 was $1656666 with a price per square foot of $985.57. Average sales price for May 2012 was $1932000 with an average price per square foot of $896.78. There was an overall increase from the prior month.
In general Balboa Island is showing a stable market trending towards a sellers market with the absorption rate.
Listings are down –1 from April 2012
Back Up is the same from April 2012
Pending sales are up +1 from April 2012
Sales are up +3 from April 2012
Past months market reports below.
March 2012 Market Report
February 2012 Market Report
Stable market trending towards a sellers market with the absorption rate.
| Absorption Rate May 2012 | ||||
| Balboa Island Market Update | ||||
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Information Deemed Reliable but not Guaranteed Courtesy of www.NewportBeachRealEstateCafe.com Info taken from CRMLS Do Not Use Without Permission |
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One Month |
ThreeMonths | SixMonths |
Twelve Months |
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| Listings | 15 | 15 | 15 | 15 |
| Sold | 5 | 17 | 24 | 42 |
| AverageSold/Mo | 5 | 6 | 4 | 4 |
| Month’s Inventory | 3.0 | .2 | 3.8 | 4.3 |
Search the MLS for Balboa Island homes for sale.
