Let’s review Balboa Island real estate prices for August 2021 today. We’re here to provide you with a neighborhood update on the housing market in Balboa Island. We’ll be looking at Balboa Island Housing prices August 2021 trends and determining what’s happening in this part of Newport Beach, CA.
Newport Beach’s Balboa Island Housing August 2021 Comparison Chart
|Balboa Island Homes Year to Date||August 2021||August 2020||August 2019|
|Number of Homes Sold||42||28||25|
|Average Sold Price||$3,989,994||$3,211,339||$3,500,240|
|Average Days on Market||48||122||63|
|Inventory in Months of Time||3.30||2.40||5.90|
|Average Price per Square Feet||$1,843||$1,575||$1,522|
|Percentage of the Listed Price It Sold For||97.40%||94.70%||96.50%|
How To Use Balboa Island Housing Prices August 2021 To Your Advantage
I like to look at the average pricing for all Balboa Island homes compared to Newport Beach homes to understand trends for investing. This method gives me, as a real estate agent, insights into the trends of an area. Which I pass unto my clients, like you.
When you fall in love with a house, I will use the real estate multiple listing service and recent sales in the past 3 months and 6 months to establish home values. I don’t look at Redfin, Realtor.com or Zillow to figure out market values and neither do appraisers that work for a bank.
You need to look at the real numbers otherwise your idea of value can be way off from some of these online estimator companies.