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?
View pictures, maps, and details of all Newport Beach homes on the popular Balboa Peninsula.
When you live on the Peninsula, you are steps away from Newport Beach sand and the Newport Bay area.
Balboa Peninsula Point Homes For Sale – Newport Beach
Live with a view of the bay or the Pacific Ocean when you live here. In the details of each beach house, you can take notes on the properties, share them with friends and family, and rate the properties.
I suggest using the +Advanced Search under the search bar below. Why? Because you and refine your search and add up to 300 different features saving you hours of time researching online.
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 the 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)|
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