Balboa Island Market Update

Just a few months ago there were only 16 available homes for sale on Balboa Island. Today there are 38. Looking back at 2007 the average price sold on the Island was $2,729,100. In 2008 it was $2,496,000. Today the average price sold on Balboa island is $2,849,375, and presently there are 5 pending sales. So far this year 8 homes have sold versus 18 in 2007 and 29 in 2008!

Balboa Island is a great investment. If you want to own bay front property or resort property there's only a few places in Newport Beach you will find it.

To see Balboa Island homes for sale please click here. If you are interested in the Newport Beach lifestyle please visit my Newport Beach Blog.