COMMENTARY
2024 is starting off much as expected with a jumpy market and a mixed bag in prices across our mountain area. We were hopeful for a little more optimism than we are experiencing but the inflation report this week dashed the hopes of a long awaited cut in interest rates. We expect more of the same for now. That said, our market has continued to plug along with an increase in listings seen across the board and buyers still showing a strong interest in mountain property.
As we near the end of our snow season, it’s time to think about home maintenance again and we can assist you with that! Just give us a call and we’ll send you out a list of Available Services.
If you are considering selling this year, we can help you with pricing as well as deciding how to prepare your home to get the highest return on your dollar. Keep in mind, local Realtors understand our local market, the challenges as well as the lifestyle we are so fortunate to experience living here-stick with local!
Coldwell Banker Sky Ridge Realty remains #1 in listings and in sales mountain wide! We’re here to help!
John Lassak III Andrea Lassak
DRE# 02028106 DRE# 00827102
714-308-1339 909-633-8106
JLassakIII@Gmail.com CBLassak@aol.com
www.LiveOnTheMountain.com www.LiveOnTheMountain.com
JohnLassak.Com
MARKET STATUS REPORT
1ST QUARTER 2024
In an effort to provide the latest report on market activity in the Running Springs 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, 2024 and includes residential properties only.
MARKET ANALYSIS FOR LISTINGS
Active Listings 55
Price Range $269,000-$12,000,000
Median Listing Price 1st Quarter 2024 $479,000
Median Listing Price 4th Quarter 2023 $429,000
Median Listing Price 1st Quarter 2023 $405,000
Average Price Per Square Foot $395
MARKET ANALYSIS FOR SALES
Sold Homes 1st Quarter 2024 34
Sold Homes 4th Quarter 2023 36
Sold Homes 1st Quarter 2023 14
Average Days On The Market 76
Price Range $225,000-$825,000
Median Sales Price 1st Quarter 2024 $399,500
Median Sales Price 4th Quarter 2023 $357,500
Median Sales Price 1st Quarter 2023 $362,500
Average Price Per Square Foot $279
Homes Currently In Escrow 6
