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.

Homes for sale on Balboa Island

Currently, there are 17 active listings, 5 in back up, 2 in pending, and there were 5 sales in the month of June, 2012.

Closed sales for past year has an average sales price of $2,18,576 and a price per square foot of $819.56.

Average sales price for June was $1,901,500 with an average price per square foot of $668.05. Average sales price for May, 2012 was $1,932,000 with an average price per square foot of $896.78.

In general, Balboa Island is showing a stable market trending towards a sellers market with the absorption rate. 

Listings are up +2 since May, 2012
Back Up is down -1 from May, 2012
Pending sales are the same since May, 2012
Sales are the same since May, 2012

Past months market reports below.

May, 2012
April, 2012
March, 2012 Market Report
February, 2012 Market Report
January, 2012 Market Report
December, 2011 Market Report

In general, Balboa Island is showing a stable market trending towards a sellers market with the absorption rate. 

Absorption Rate, June, 2012
Balboa Island Market Update

Information Deemed Reliable but not Guaranteed

Courtesy of www.NewportBeachRealEstateCafe.com

Info taken from CRMLS

Do Not Use Without Permission
 

 One

Month

 ThreeMonths  SixMonths 

Twelve

Months 
Listings 17 17 17 17
Sold 5 16 25 45
AverageSold/Mo 5 5 4 4
Month's Inventory 3.4 3.2 4.1 4.5

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

Originally posted at NewportBeachRealEstateCafe.com

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This post has been included in California Real Estate News Orange County, CA Real Estate News Newport Beach, CA Real Estate News Balboa Island (Newport Beach, CA) Real Estate News
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2 Comments on Balboa Island Homes for Sale | Market Report | June, 2012

JUL
12
1,524,962 Points 163 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Only 8 homes on Collins Island?  Sounds like a piece of heaven and certainly comes with a price tag to match.  Nice to see the months of inventory.
6:58pm • #1
JUL
13
606,097 Points 9 Featured Posts Localism Sponsor Outside Blog Called Shot Master

HI Cindy - it is a piece of heaven, and has absolutely incredible views!!!
7:43am • #2

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Sharon Paxson Newport Beach Real Estate

HOM Sotheby's International Realty

Newport Beach, CA

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