Balboa Island Homes for Sale | Market Update | June, 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 June, 2014:

Active:   23
Back up: 3
Pending: 1
Sold:        2

Average sales price for month of June, 2014 is $2,826,455 with a price per square foot of $1,223.37.

Median sales price for month of June, 2014 is $2,300,000 with a price per square foot of $991.50

Average DOM: 77/114

The highest priced home sold in the past one year on Balboa Island sold on August, 2013 for $8,350,000 and the house was on S. Bayfront.

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

Balboa Island market report

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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