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Balboa Island Homes Pricing Trends April 2019 vs April 2018 help you to understand what is really happening in the marketplace. Every month the housing market in Newport Beach is changing.
Today, let’s focus on Balboa Island real estate and see how home pricing has changed year over year for the month of April 2019 verse 2018. What are the pricing trends?
Balboa Island Homes Pricing Trends: April 2019 verse April 2018
The average selling price of Balboa Island homes in April 2019 was $3,000,077. That was down 13.30% from April 2018 when the price was $3,461, 974. These are overall pricing for the island. Your home price will differ based on location and square footage for Newport Beach real estate.
How Long Does it Take to Sell a Balboa Island Home in April 2019?
This year it is taking 50 days to sell a home from the time that it was listed for sale. In April 2018, it took 76 days.
How many Balboa Island Homes have Sold in 2019?
13 homes have closed escrow in 2019. That is up from 10 a year ago at this time.
How Flexible are the Owners?
Homes are selling for 94.60% of the starting listed price. In 2018, it was 96.10% of the listed price. If the owner adjusts the price during the listing, then these numbers apply: in 2019, homes are selling for 97.10% of the last listed price.
How does Balboa Island Home Pricing Trends April 2019 Compare to Newport Beach?
|Comparisons||Balboa Island||Newport Beach|
|Average Selling Prices 2019||$3,00,077||$2,323,482|
|Days on Market to Sell||50||75|
|Months of Supply||4.90||6.0|
|Average Price per Square Foot||$1,573||$931|
|Percentage of the starting listing price||94.60%||92.40%|
Properties Jay Valento Likes that are For Sale:
This is my top 5 homes that you should check out if you are thinking about purchasing a home on Balboa Island:
305 N Bay Front Newport Beach. It’s on the bay and looks beautiful. Currently listed for $6,295,000.
301 Diamond Avenue Newport Beach – it offers you 3 bedrooms, 5 bathrooms and 2,277 square feet for $3,495,000.
205 Pearl Avenue, Newport Beach – this is a 3 bedroom, 5 bathroom home with 2,299 square feet for $3,795,000
313 Onyx Ave, Newport Beach – 3 bedrooms, 3 bathroom home with 2,449 square feet for $2,999,000
1207 Park Ave, Newport Beach – this could be a good rental property for you. This is a 2 bedroom home for $1,565,000.
Let’s take a home tour of my top 5 Balboa Island real estate picks of the week when you are ready. Just give me a call at 562-413-7655.