COMMENTARY
As we close out the 2nd quarter of 2024, we are pretty much on the path we expected from the beginning of the year. Listings are up mountain wide as sales dropped a bit across the board. Listing prices and median sales prices moved a little in each direction depending on the area, but no significant changes were seen. Looking ahead, we are expecting more of the same and we are anticipating an interest rate decrease in September.
With the stability we are experiencing in home prices, sellers have retained much of their equity and are in great position to sell in this market. 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
2ND QUARTER 2024
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 June 30, 2024 and includes residential properties only.
MARKET ANALYSIS FOR LISTINGS
Active Listings 11
Price Range $269,000-$389,995
Median Listing Price 2nd Quarter 2024 $324,900
Median Listing Price 1st Quarter 2024 $360,000
Median Listing Price 2nd Quarter 2023 $378,750
Average Price Per Square Foot $363
MARKET ANALYSIS FOR SALES
Sold Homes 2nd Quarter 2024 8
Sold Homes 1st Quarter 2024 7
Sold Homes 2nd Quarter 2023 7
Average Days On The Market 47
Price Range $273,500-$392,000
Median Sales Price 2nd Quarter 2024 $323,750
Median Sales Price 1st Quarter 2024 $313,571
Median Sales Price 2nd Quarter 2023 $395,000
Average Price Per Square Foot $359
Homes Currently In Escrow 1
