Homes for Sale on Balboa Island | Market Update Balboa Island | April 2013
Balboa Island in Newport Beach is a highly sought after area in which is comprised 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. Balboa Island is a highly sought after area of Newport Beach. People move to Balboa Island because of the lifestyle. 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.
In general, Balboa Island is showing a stable market trending towards a seller’s market with the absorption rate. Currently, the inventory is as follows for April 2013. There are currently 8 active listings, 2 in back up, 3 pending sales, and 7 sold properties on Balboa Island. There were two short sales in the past year, and all of the other sales were standard sales.
8 active listings compared to 10 in March, 2013
2 back up listings compared to 6 in March, 2013
3 pending sale compared to 3 in March, 2013
7 sales compared to 3 sales in March, 2013
The average sales price for the past one year is 2,283,807 and a price per square foot of $975.52 and a median price of$1,825,000 and a median price per square foot of $893.46.
There were a total of 1 short sale in the past one year and 1 REO sale on Balboa Island Homes for sale.
Search the MLS for Balboa Island homes for sale.