Lake Balboa Real Estate Year In Review 2015

Lake Balboa Home Sales

Single Family Homes In Lake Balboa

Great Lake Balboa Real Estate News. 2015 was awesome. Lake Balboa Home Sales were on the rise. There were 227 Single Family Homes sold in Lake Balboa in 2015. The average Lake Balboa Real Estate sales price was $504,646. Average days on the market was 48. The highest sales price for Lake Balboa Real Estate in 2015 was $732,500 for a home on Forbes Ave that featured 5 bedrooms, 4 baths, 2,818 square feet on a 24,752 square foot lot. Property was in need of some repairs.

Townhomes and Condos

When discussing Lake Balboa Home Sales you musn’t overlook the 26 condos and townhomes sold in Lake Balboa in 2015. The average price for a condo/townhome in Lake Balboa Real Estate was $346,977. Average days on the market was 60. The highest sales price for a condo/townhome in Lake Balboa was $480,000 for a townhouse located on Odessa Avenue that featured 4 bedrooms, 3 baths, and 2,260 square feet. This property sold in 47 days, well below the average.

2016 promises to bring more good news in Lake Balboa Real Estate News fueled by low inventory. There is currently a 2.3 month inventory of active listings in the San Fernando Valley making this a seller’s market. Six months is considered a balanced market.

Although the best way to get an accurate price opinion of your home is to have us visit we have made it quick and easy for you to get a pretty good idea with our Lake Balboa Home Value Tool. In just two simple steps you will have up-to-date comps delivered to your inbox usually within minutes. Then you will be kept updated with new sales as they happen. Give it a try.