Real Estate Market Update for Lake Balboa, CA

Video: Real Estate Community Tour for Lake Balboa, CA

See Real estate community tour for Lake Balboa, CA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 39% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 480-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 37%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 440-thousand dollars. The number of units sold decreased 80% year-over-year, and increased 300% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Lake Balboa, CA
School Data for Lake Balboa, CA

School Name Distance Type Grades GreatSchools Rating Parent Rating
St Bridget Of Sweden Elementary 0.5 mi Catholic K-8 0 4
Valley Alternative Magnet School 0.8 mi Public K-12 3-5 3
Gault Street Elementary 0.8 mi Public PRESCHOOL-5 2 3
Daniel Pearl Journalism & Communications Magnet 0.8 mi Public 9-12 3-5 4
Bassett Street Elementary 0.8 mi Public PRESCHOOL-5 2 3
Children's Corner Preschool & Kindergarten 0.9 mi Private PRESCHOOL-K 0 0
Happy Preschool Land 0.9 mi Private PRESCHOOL-K 0 0
Valley School Individual Train 0.9 mi Private PRESCHOOL-8 0 4
Independence Continuation 0.9 mi Public 9-12 0 3
Mulholland (william) Middle School 1.0 mi Public 6-8 1 4
Birmingham Senior High School 1.0 mi Public 9-12 2-5 3
Cohasset Street Elementary 1.0 mi Public PRESCHOOL-5 2 3
Sunflower Montessori School 1.1 mi Private PRESCHOOL-K 0 0
High Tech High School 1.2 mi Public 9-12 4-5 3
Magnolia Science Academy 2 1.2 mi Public 6-12 2 4
Valley Waldorf City School 1.3 mi Private PRESCHOOL-8 0 5
Stagg Street Elementary 1.4 mi Public PRESCHOOL-5 3-5 4
Grace Christian Academy 1.4 mi Private 1-12 0 0
Anatola Avenue Elementary 1.5 mi Public PRESCHOOL-5 3 3
The Health Group North Hills Prep 1.5 mi Private 5-12 0 0
Lemay Street Elementary 1.5 mi Public K-5 3-5 4
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
Local Weather for Lake Balboa, CA
    Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.