Balboa Island Real Estate Today Vs 2005

I had the privilege of taking out the nicest couple today for a tour of homes on Balboa Island. Before I go out touring with clients I study the neighborhood, even though I am very familiar with Newport Beach Real Estate, I still find it very interesting to really look at the sales trends for the past few years.

Living and working in Newport Beach I know how special Newport Beach Real Estate can be. So I looked at the sales so far this year From Jan 1, 2008 until November 21,2008. Pretty close to a full year. This year so far we have sold 22 homes on Balboa Island with the average price being $2,591,598.That makes the average sq.ft. sold $1,457.87. This is some of the most expensive real estate in Southern California.

I then pulled a report back from January 1, 2005 thru December 31,2005. This was the peak of Real Estate for most areas. While more homes sold,35 to be exact.The average price on Balboa Island was $2,737,733. Making the sq.ft. selling at $1,516,05.

My curiosity got to me so I had to check 2006. The average price was even higher! At $3,115,863. Selling 22 homes at the average sq. ft $1,254.88.

I feel so confident that buying real estate in Newport Beach and especially Balboa Island is a great investment. There's not many places you can live on an island that is centrally located, with some of the most affluent people in an area that most only dream of living in.

For more information on Balboa Island Real Estate visit my website. For school information, community information or anything you need to know about Newport Beach Real Estate or Balboa Island contact me. On my website you can sign up to receive school reports and community reports. You can also receive an update on Real Estate for sale. Visit my website and sign up for a free market snapshot of any neighborhood. You can sign up for your neighborhood and see what the real estate market is doing.

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