The Balboa Peninsula is about 3 miles long. I can remember when I was young, my parents would take me down to the Arcade area. I really enjoyed that time many years ago.
Which of these Balboa Peninsula Point Homes Do You Like?
If so, check out the list below. Then review current sales trends below the listings to understand housing prices.
Find Newport Beach homes with ocean views, bay views and boat docks in cool neighborhoods to live in. The Balboa Peninsula is about 3 miles long. You can visit the pier, local shopping and dining.
Balboa Peninsula Point Homes For Sale – Newport Beach
Live with a view of the bay or the Pacific Ocean in when you live here, that is the question. View all beach houses with ocean views, multiple color photos, and neighborhood maps for Balboa Peninsula in Newport Beach, CA.
I suggest using the +Advanced Search under the search bar below.
Compare the Housing Market for Balboa Peninsula verse the Balboa Peninsula Point Area
Let’s compare the current Newport Beach real estate market trends for these two neighborhoods of single-family homes. I want you to check out months of inventory and the list to sale price as a percentage.
The List to Sale ratio will tell you if the market is hot and homes are selling over the listed price or under. If the Newport Beach homes are selling at 100%, that equals full price offers.
Months of Supply of Homes for Sale in Newport Beach
Months Supply of Inventory (MSI) is an estimate of how long it will take (in months) for the current number of properties for sale to sell (or be absorbed) based on the recent yearly absorption rate. Absorption rates help sellers and buyers set asking prices and purchase offers.
0-4: Sellers Market
Less choices, more competitive bidding, more counter offers
4-5: Balanced Real Estate Market
Some choices, decent competition, friendly negotiations
5-8: Buyers Market
More choices, less competition, increased price reductions, more negotiations
|Real Estate Categories||Balboa Peninsula Homes||Balboa Peninsula Point Homes|
|Average Selling Prices:||$3,704,311||$4,054,429|
|Average Days on Market:||140||143|
|Months of Supply:||7.70||6.70|
|Average Price per Square Foot:||$1,435||$1,607|
|Percentage of the Listed Price that Homes Sell For:||94.30%||93.90%|
|Homes for Sale (Current listings)|