About Newport Beach's Balboa Peninsula

Balboa Peninsula is a highly sought after area in Newport Beach with bay front as well as ocean front homes and condos for sale. There are both Newport Beach condos for sale, and Newport Beach single family homes as well. The Balboa Peninsula in Newport Beach is a great place to reside in Newport Beach. The residents on the Balboa Peninsula live in this area for the lifestyle, as it is very easy to either walk to your destination, or to ride your bike to your Peninsula location. Enjoy shopping and dining on the Balboa Peninsula in Newport Beach.

There is a Pavillion’s grocery store at 32nd Street, in Newport Beach, Chipotle, and some boutique shops at 32nd Street. Also there are many restaurants including El Ranchito, and Ho Sum Bistro just to name a few.

The Balboa Peninsula is home to the Pavillion in Newport Beach. It is a great place to eat dinner and watch the ever changing scenery!

Currently, there are 68 active listings (including condos and single family homes which is the same as November, 2011) on the Balboa Peninsula in Newport Beach. That includes both condos and single family homes. Only one of the active listings is a short sale - being offered for $624,000. All the others are standard sales. Since January 1, 2012 there have been 2 sales on the Balboa Peninsula in Newport Beach.

Of the property listed for sale on Balboa Peninsula and market activity for Janaury, 2012, 8 of the active 68 listings are condos, and 1 of the 2 sales on the Balboa Peninsula are condos.

68 Active listings compared to 68 in December, 2011 - the same
3 Back up listing compared to 1 in December, 2011 +2
5 Pending sales compared to 2 in December, 2011 +3
2 Sales which is the same as December, 2011

The absorption rate remains high on Balboa Peninsula in Newport Beach, where one month is generally not a trend, however the rate to absorb the inventory at the rate the homes are selling is over 18 months for a three month trend, and up from there. At the rate of two sales per month with that inventory and assuming that no other homes get added to the inventory, it will take up to 42 months to sell the current inventory of homes.

It is interesting that of this inventory on the Balboa Peninsula, only one is a distressed sale - a short sale, and all the others are equity sales. Additionally, the majority of properties for sale are single family homes versus condos.

One of the back up properties just sold on the Balboa Peninsula in Newport Beach. This spectacular condo is located at 206 1/2 Adams in Newport Beach just sold! However, there is another one at 206 Adams in Newport Beach, that is being offered at $795,000.

Search the MLS for homes for sale on the Balboa Peninsula, and condos for sale on the Balboa Peninsula in Newport Beach. Take advantage of this spectacular inventory on the Peninsula in Newport Beach.

Originally posted at NewportBeachRealEstateCafe.com

Balboa Peninsula Condo for Sale | Just Sold in Newport Beach on Balboa Peninsula

This beautiful Newport Beach condo on the Peninsula just sold!

This completely remodeled condo located on the Balboa Peninsula in Newport Beach has just closed escrow. This Newport Beach condo for sale was sold for $850,000. This spectacular property is walking distance to the Balboa Pier, Fun zone, dining, shopping and the Balboa Island Ferry.

This three bedroom, two bathroom Newport Beach condo for sale was completely remodeled. With stunning travertine floors, and the finest of finish throughout.

This upstairs Newport Beach condo for sale has vaulted ceilings, and with crown molding. The kitchen features granite counter tops and stainless appliances. This spacious Newport Beach condo has a formal living area with a fireplace, and a formal dining area to enjoy gatherings with friends and family.

There is custom built ins in the family area. There are three bedrooms, and two bathrooms. The bathrooms are finished with travertine. And the flooring throughout the condo is travertine.

There are three bedrooms and two bathrooms. The bathrooms are finished with travertine.

Just sold for $850,000.

If you are looking for a similar type property, there is another one available being offered at $795,000. This property at 206 Adams in Newport Beach features 3 bedrooms, and 2 bathrooms.

Please contact me to view this property at 206 Adams in Newport Beach.

Originally posted at NewportBeachRealEstateCafe.com

Balboa Peninsula  is a beautiful area in Newport Beach with bay front as well as ocean front homes. There are both Newport Beach condos for sale, and  Newport Beach single family homes as well. The Balboa Peninsula in Newport Beach is a great place a highly sought after area to reside in Newport Beach.  The residents on the Balboa Peninsula live in this area for the lifestyle, as it is very easy to either walk to your destination, or to ride your bike to your Peninsula location. Enjoy shopping and dining on the Balboa Peninsula in Newport Beach.

There is a brand new Pavillion’s grocery store at 32nd Street, in Newport Beach, Chipotle, and some boutique shops at 32nd Street. Also there are many restaurants including El Ranchito, and Ho Sum Bistro just to name a few. If you are looking for more upscale dining, then you might consider Ocean Front 21 located by the Newport Beach Pier.

The Balboa Peninsula is home to the Pavillion in Newport Beach.

Currently, there are 68 active listings (including condos and single family homes) on the Balboa Peninsula in Newport Beach. That includes both condos and single family homes. Only one of the active listings is a short sale, all the others are standard sales. Since December 1, 2011 there have been 2 sales on the Balboa Peninsula in Newport Beach.

Of the active listings on the Balboa Peninsula, six of the active are condos, and one of the pending sales is also a condo. All the others properties for sale are single family homes. Additionally, of all the active, back up, pending and solds, only one is a short sale, all other are listed as standard sales.

68 Active listings compared to 72 in November, 2011 -4
1 Back up listing compared to 2 in November, 2011 +1
2 Pending sales compared to 1 in November, 2011 +1
2 Sales which is the same as November, 2011

It is a positive trend to see the listings down from November, however this can be cyclical due to the holiday season. The absorption rate remains high on Balboa Peninsula in Newport Beach, where one month is generally not a trend, however the rate to absorb the inventory at the rate the homes are selling is 22 months over the past one year.

Search the MLS for Newport Beach homes for sale, and Homes for sale on the Balboa Peninsula in Newport Beach.

Balboa Peninsula in Newport Beach is a beautiful area with bay front as well as ocean front homes. There are both Newport Beach condos for sale, and Newport Beach single family homes as well. The Balboa Peninsula in Newport Beach is a great place a highly sought after area to reside in Newport Beach. People live in this area for the lifestyle, as it is very easy to either walk to your destination, or to ride your bike to your Peninsula location. Enjoy shopping and dining on the Balboa Peninsula in Newport Beach.

There is a brand new Pavilion’s grocery store at 32nd Street, in Newport Beach, and several fantastic restaurants including El Ranchito, and Ho Sum Bistro just to name a few. If you are looking for more upscale dining, then you might consider Ocean Front 21 located by the Newport Beach Pier.

The Balboa Peninsula is home to the Pavillion in Newport Beach.

Currently, there are 77 active listings on the Balboa Peninsula in Newport Beach. That includes both condos and single family homes. Only one of the active listings is a short sale, all the others are standard sales. Since November 1, 2011 there have been 2 sales on the Balboa Peninsula in Newport Beach.

Listings are up +5 since October, 2011
Back up are down -1 since October, 2011
Pending are the same since October, 2011
Sales are the same since October, 2011

The one month absorption rate shows 38.5 months. One month is not generally a trend, however, the Balboa Peninsula has been selling between two and five homes per month. Real estate is cyclical also, and the number of sales may be decreasing because of the holiday season.

Search the MLS for Balboa Peninsula homes sale, and Newport Beach homes for sale.