Avezta Realty International Corp.

Lake Balboa Real Estate Market Report

Executive Summary

DB
Dan Braun

The Lake Balboa, CA real estate market is currently classified as a balanced market. The median asking price is $675K, up 2.6% over the past 30 days.

There are currently 30 active listings, representing 3.8 months of inventory. 13 properties have sold in the past 90 days at a median sold price of $882K. Inventory has increased 100.0% compared to last month.

Currently, listings spend an average of 33 days on market and the average price per square foot is $3.

Detached properties make up the largest share of the Lake Balboa market at 74% of active listings with an average price of $663K. Condo listings follow at 4% (avg $4K).

Sales Activity & Absorption

Volume

8
Sold (30d)
13
Sold (90d)
33
Avg DOM
15
New (30d)

Market Signals

8
Price Cuts (30d)
2
New (7d)
100%
Sell-Through
96.6%
List-to-Sale

8 properties sold in the past 30 days, 15 new listings appeared in the past month, 8 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's
3.8months
Seller's Market
Sell-Through Rate100.0%
Inventory Change (30d)+100.0%
Site Active Listings30

With only 3.8 months of inventory, the market is supply-constrained. Buyers should be prepared for competition, and sellers can expect strong interest.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $675K, 20% down, 25yr amortization
$3,141/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

The market is relatively balanced between buyers and sellers. The Lake Balboa market currently has 30 active listings with a median price of $675K and 3.8 months of inventory.

  • Prices rising (2.6% in 30 days)
  • High price reduction rate (27% of listings)
  • High sell-through rate (100%)
  • Average price per square foot is $3
  • Sold properties averaged 9 days on market

For Buyers

The Lake Balboa market is balanced. You have reasonable options, but well-priced homes will still draw interest. Get pre-approved and stay informed on new listings. There were 2 new listings in the past week.

For Sellers

Price your home realistically based on recent sales. Focus on presentation and highlight unique features. Well-priced properties are still selling within reasonable timeframes. 8 listings have reduced their price in the past 30 days. The current sell-through rate is 100%.

Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.

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Resources

Explore Lake Balboa

Homes for Sale in Lake Balboa30 active listingsCost of Living in Lake BalboaHousing, rent & expensesSold Data in Lake BalboaRecent sales & prices

Market data is calculated from active and recently sold MLS listings as of April 1, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.