October 2016 Balboa Island Real Estate Market Update

[section_title heading=”h1″ style=”1″ text_align=”center”]What happened in October on Balboa Island?[/section_title]

There were 3 new listings for sale on Balboa Island and no new lease listings. 1 home on Balboa Island had a price reduction. 2 homes accepted an offer and are soliciting backup offers. 1 home that is in escrow had their buyers remove contingencies and are scheduled to close. 4 homes on Balboa Island sold this month, 5 were leased and 4 listings were cancelled or expired. Search All Balboa Island Real Estate | Check Your Home Value

[section_title heading=”h1″ style=”1″ text_align=”center”]New Listings for Sale on Balboa Island[/section_title]

  • 111 Emerald – $2,950,000
  • 107 Amethyst – $2,495,000 (Now in Escrow)
  • 118 Agate – (Cancelled after 23 days at 2.5m)

[section_title heading=”h1″ style=”1″ text_align=”center”]Balboa Island Price Changes[/section_title]

  • 220 Onyx – Reduced $204,000 to $3,495,000 (New Construction)

[section_title heading=”h1″ style=”1″ text_align=”center”]Balboa Island Homes accepting Backup Offers[/section_title]

[section_title heading=”h1″ style=”1″ text_align=”center”]Balboa Island Properties About to Close (Buyer Removed Contingencies)[/section_title]

[section_title heading=”h1″ style=”1″ text_align=”center”]Balboa Island Homes that Sold[/section_title]

  • 310 Coral – Sold in 40 Days at $2,160,000 or 45k above asking
  • 320 Collins – Took a year to sell at $3,835,000. Originally listed at $5,795,000
  • 115 Garnet – Almost new construction that sold for $3,950,000 in 84 days. Originally listed at $4,195,000
  • 123 Ruby – Closed this morning at $2,660,000

[section_title heading=”h1″ style=”1″ text_align=”center”]Balboa Island Homes that Were Leased[/section_title]

[section_title heading=”h1″ style=”1″ text_align=”center”]Balboa Island Properties Expired, Cancelled and Withdrawn[/section_title]

  • 805 N Bay Front – 6 months on market at 7.8m
  • 118 Agate – After 23 days at 2.5m
  • 1107 N Bay Front – After 104 Days at $5,498,000
  • 311 Ruby – After 85 days at 3.3m

[section_title heading=”h1″ style=”1″ text_align=”center”]What’s your Home Worth?[/section_title]

Thinking about selling? Find out your home value instantly at www.balboaislandhomevalue.com

[section_title heading=”h1″ style=”1″ text_align=”center”]Homes Currently For Sale or Lease on Balboa Island[/section_title]

[idx-listings zip=”92662″ statuses=”1″ propertytypes=”513,514,807″ orderby=”Price” orderdir=”DESC” count=”50″ showlargerphotos=”true”]