According to the Balboa Island Price Index (BIPI)™ (1/1/2000 through 06/30/2011), Balboa Island interior lot values for Q2 2011 were valued at $1,227,581, up 5.7% when compared to the previous quarter. Compared to late 2006 & 2007 when average lot values peaked, the current average value of a lot has decreased by 38.6%, reaching levels we saw in early 2003. Year over year, lot values are down 9.0%.
Information provided by Girling REIG, who provides this quarterly sales price tracking feature. For more information, contact Dave Girling at 949.280.1212 or mailto: dave@girlingreig.com.
