After peaking at $995 thousand in February, the average sale price for single homes in Lake Balboa dropped approximately 16% while the number of sales nearly doubled. Pending sales at the beginning of April are at 24. There are 7 single residences for sale for an average list price of $715 thousand. The current inventory of homes available for sale is about 2 weeks, which means it’s a very strong seller’s market.
Source: CRMLS, The MLS