Balboa Island Real Estate Market Report October 2022. What are homes on Balboa Island selling for in Newport Beach, California? Review quick insights and trends.
Video: Balboa Island Home Sales October 2022
Balboa Island Real Estate Market Report Comparing October 2022 vs October 2021
|Balboa Island Real Estate Statistics||October 2022||October 2021|
|Average selling prices of houses||$5,020,732||$4,356,057|
|Average days on market before receiving an offer||30||49|
|Amount of Inventory for sale in months of time||1.20||3.10|
|Number of homes on Balboa Island that sold year to date||24||49|
|List to Sale Ratio: 100% equals full price offers accepted||98.50%||97.50%|
|Average price per square foot of home sales||$2,321.00||$1,961.00|
Quick Summary of Balboa Island Real Estate
I like to share the average selling prices for Balboa Island homes over a median list or sales price. I find the average home selling prices are similar to what I would share with you if I was representing you as your listing agent or buyer’s agent in a transaction.
The average selling price is $5,020,732. That is up 15.30% from 2021 at this time in October. It is taking 30 days for a Balboa Island home to receive an offer and open escrow.
Balboa Island homes are selling for 98.50% of the listed price. I always say price the home to sell and your chances of getting an offer from a buyer are high…instead of overpricing and sitting on the market for a long time.
In-depth Balboa Island Housing Prices
What are you looking for in a home?
VIP Property Search
When you want the best home search experience, choose Jay Valento’s VIP Home Finder Service. You’ll get personalized matches of results delivered right to you.