The housing market in Lake Balboa remains very tight, with a decline in the number of sales over the previous month. Despite few homes for sale – there’s currently less than a month’s supply – the average sale price actually declined a bit over the previous month but remained around 9% higher than May. The highest price July home sale was $1.1 million, while the lowest was $405 thousand. There were only 20 homes for sale in the Lake Balboa neighborhood at the beginning of August.
Source: CRMLS, The MLS