Balboa Island Homes for Sale | Market Update | May, 2014

Balboa Island in Newport Beach

Balboa Island is a highly sought after area of Newport Beach. Balboa Island in Newport Beach consists 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 desirable area of Newport Beach. Buyers move to Balboa Island because of the lifestyle. Balboa Island has unique charm, with close proximity to upscale shopping and dining in Newport Beach. And take the ferry across to the Balboa Peninsula to visit the beach.

 

The statistics for Balboa Island are as follows for the month of May, 2014:

Active:   21
Back up: 3
Pending: 2
Sold:        9

Average sales price for month of May, 2014 is $2,714,182 with a price per square foot of $1,198.98

Median sales price for month of May, 2014 is $2,300,000 with a price per square foot of $1,004.78

Average DOM: 75/112

In general, Balboa Island is showing a seller’s market trending with the absorption rate.

Balboa Island market update

Search the MLS for Balboa Island homes for sale, and Newport Beach real estate for sale, and bayfront homes on Balboa Island for sale in Newport Beach. Search for Balboa Island houses for sale.

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Balboa Island Market Update and Homes for Sale
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