Balboa Island in Newport Beach - Market Update - January, 2012

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

Balboa Island in Newport Beach is a man made 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. The homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly sought after area of Newport Beach.

If you are considering making a visit Balboa Island in Newport Beach, then you can take the Balboa Island Ferry which makes a very short journey from the Balboa Peninsula in Newport Beach. It is about a 3 or 4 minute trip, but extremely enjoyable. The ferry transports three autos, bicycles, and pedestrians. Living on Balboa Island allows the residents to enjoy the bay, and it is a quick trip over to the Balboa Peninsula takes you to the sandy beaches and waves.

Currently there are 25 active listings on Balboa Island in Newport Beach (including the Little island and Collins Island), 1 in back up (short sale), 1 pending, and there were 3 sales in January, 2012.

Listings are up +10 from December, 2011
Back Up is the same from December, 2011
Pending sales are down -1 from December, 2011
Sales are the same from December, 2011

In general, Balboa Island is showing a stable to a buyers market with the absorption rate, and this may be due to the increase of listings in the past one month.

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