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 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, 2025 and includes residential properties only.
MARKET ANALYSIS FOR LISTINGS
Active Listings 73
Price Range $199,500-$899,000
Median Listing Price 1st Quarter 2025 $399,000
Median Listing Price 4th Quarter 2024 $425,000
Median Listing Price 1st Quarter 2024 $479,000
Average Price Per Square Foot $320
MARKET ANALYSIS FOR SALES
Sold Homes 1st Quarter 2025 19
Sold Homes 4th Quarter 2024 36
Sold Homes 1st Quarter 2024 34
Average Days On The Market 52
Price Range $225,000-$559,000
Median Sales Price 1st Quarter 2025 $370,000
Median Sales Price 4th Quarter 2024 $422,500
Median Sales Price 1st Quarter 2024 $399,500
Average Price Per Square Foot $311
Homes Currently In Escrow 10
