Arrowbear Lake

 

COMMENTARY

 

The political uncertainty has definitely impacted our local real estate market! While listings are experiencing normal inventory numbers, the sales have dropped off dramatically in most areas. A combination of global jitters and high interest rates have most buyers in a wait and see situation. Things seem to be changing daily so stay tuned! Tariffs could stabilize, interest rates could drop and then we’ll be in a whole new ballgame! 

Even though most mountain areas experienced a recent drop in the median home price, sellers have retained much of their equity and are in great position to sell in this market. We’re seeing a lot of pent up buying out there and a market change could come very quickly. If you are considering selling this year, we can assist you in preparing your home to sell for the highest return on your dollar. We are your neighbors and your LOCAL experts with decades of mountain sales experience. We come to the table backed by 80 agents to get the job done!

Coldwell Banker Sky Ridge Realty remains #1 in listings and in sales mountain wide! Give us a call, we’re here to help!

 

                            John Lassak III                                                     Andrea Lassak

                          DRE# 02028106                                                    DRE#00827102

                             714-308-1339                                                         909-633-8106

                     JLassak3@Gmail.com                                           CBLassak@aol.com

           www.LiveOnTheMountain.com                      www.LiveOnTheMountain.com

JohnLassak.com

 

MARKET STATUS REPORT

1ST QUARTER 2025

In an effort to provide the latest report on market activity in the Arrowbear area, I have compiled the following statistics for your review. This is a compilation of information taken from the California Regional Multiple Listing Service, is accurate as of March 31, 2025 and includes residential properties only.

 

MARKET ANALYSIS FOR LISTINGS

Active Listings                                                                                                                                   11

Price Range                                                                                                                                        $247,888-$379,000

Median Listing Price 1st Quarter 2025                                                                                          $340,000

Median Listing Price 4th Quarter 2024                                                                                          $370,000

Median Listing Price 1st Quarter 2024                                                                                          $360,000

Average Price Per Square Foot                                                                                                       $387

 

MARKET ANALYSIS FOR SALES

Sold Homes 1st Quarter 2025                                                                                                        2

Sold Homes 4th Quarter 2024                                                                                                        9

Sold Homes 1st Quarter 2024                                                                                                        7

Average Days On The Market                                                                                                         189 

Price Range                                                                                                                                       $275,000-$320,000

Median Sales Price 1st Quarter 2025                                                                                           $297,500

Median Sales Price 4th Quarter 2024                                                                                           $249,000                                              

Median Sales Price 1st Quarter 2024                                                                                           $313,571

Average Price Per Square Foot                                                                                                      $354

Homes Currently In Escrow                                                                                                            0