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Balboa Island in Newport Beach | Market Update | September, 2012

Balboa Island in Newport Beach | Market Update | September, 2012

Homes for Sale on Balboa Island in Newport Beach | Balboa Island Homes for Sale

Balboa Island in Newport Beach has 3 islands in the lower Newport Bay area of Newport Beach. 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 their 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.

Currently, there are 11 active listings, 2 in back up, 2 in pending, and there were 5 sales in the month of October 2012. The active inventory of property available for sale on Balboa Island has declined.

Closed sales for the past year has an average sales price of $1,972,163 and a price per square foot of $805.75.

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

11 active listings
2 back up listings
2 pending sale
5 sales

Past months market reports below.

August, 2012
July, 2012
July, 2012

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1 thought on “Balboa Island in Newport Beach | Market Update | September, 2012”

  1. Avatar of Kenny

    I donā€™t know how I got to this website but itā€™s lovely. The properties for sale are so beautiful and the Islands must be a peaceful place to live. I will love to have a property there in the future.

    Ken

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ABOUT ME

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

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