Lake Arrowhead Real Estate: Bank-Owned (REO) and Short Sale Properties For Sale (as of 5/31/08) - 05/31/08 06:23 PM
This is a weekly updated page of bank-owned properties and short sale properties in our mountains communities from Crestline, through the Lake Arrowhead communities and through the Running Springs areas. Here, I give an accounting for the new listings and those whose prices have been reduced. A new threshold has been … (0 comments)
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Lake Arrowhead Real Estate: Lake Level Update - 05/30/08 11:08 AM
With the weather system that came through the area over Memorial Day Weekend, rain water was running down the sides of the streets and snow and slush covered the roads. The run-off brought the lake level, as of 05/29/08, to 5106.16 feet. This is just about 8 inches shy of being … (0 comments)
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Lake Arrowhead Real Estate: Price Reduction - 29324 Lakeview in Cedar Glen, now $179,000 - 05/30/08 11:03 AM
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Lake Arrowhead Real Estate: The Cream of the Crop - Agent Tour Highlights (5/29/08) - 05/29/08 05:15 PM
It was the quiet after the storm, so to speak, with a very small tour this week. The big push for most sellers was to have their property on the market by the holiday weekend and so, accordingly, there were fewer this week than normal. Unfortunately, the weather for Memorial Day Weekend … (0 comments)
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Lake Arrowhead Real Estate: The "True" Foreclosure Numbers.... - 05/28/08 01:20 PM
Okay, so the "buzz-words" in the real estate communities these days are "foreclosures," "bank-owned," and "reo's." With "the-sky-is-falling" abandon, the media is hyping the talk about the current real estate market. Prices are dropping, people are losing their homes right and left and distress sales are the majority of the deals being done … (2 comments)
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Lake Arrowhead Real Estate: Weekly Market Update (05/18/08 - 05/24/08) - 05/26/08 01:22 PM
Still a good number of new listings are making their way onto the market. Of course, the push for most was to get their homes listed prior to the holiday weekend. It was a busy weekend on the mountain, though poor weather hampered some showings and open houses. Fifty four new listings … (0 comments)
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Lake Arrowhead Real Estate: Bank-Owned (REO) and Short Sale Properties For Sale (as of 5/24/08) - 05/24/08 07:28 PM
Bank-owned properties are one step away from crossing into "the 40's" in terms of number of listings for the first time since I've been doing this page. Seven new REO homes make the list this week, along with an equal number of price reductions. Short sale properties still hover closer to 30, … (2 comments)
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Lake Arrowhead Real Estate: Cream of the Crop - Best of the Agent Tour (05/22/08) - 05/22/08 06:30 PM
Believe it or not, it snowed during tour today! Not much, but it was still a surprise....
There were 26 new properties on tour in Arrowhead Woods this week and a few stood out more than others (both for positive and negative reasons). Our office's agent "tour re-cap" group is still … (3 comments)
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Lake Arrowhead Real Estate: New Listing - 1058 Heaton, Crest Park for $289,000 - 05/22/08 02:38 PM
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Lake Arrowhead Real Estate: Price Reduction - 818 Cottage Grove, Lake Arrowhead now $309,000 - 05/22/08 01:08 PM
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Lake Arrowhead Real Estate: Memorial Day Weekend Weather Report - 05/22/08 11:41 AM
It is Thursday morning and rain is coming down hard and steady. Reports of snow in Big Bear and Running Springs have been filtering through the office! Most reports that I'm looking at are calling for thundershowers through Saturday, tapering off Sunday and mostly clear on Monday.
With all the … (2 comments)
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Lake Arrowhead Real Estate: Weekly Market Update (05/11/08-05/17/08) - 05/19/08 04:58 PM
New listings in Arrowhead Woods more than doubled the prior week's number with 32 (versus 14 for the previous 7 days). This puts the total inventory in Arrowhead Woods (not including, lots, lakefronts or condos) to 389 homes. There were 55 new listings in the entire multiple listing service (not … (1 comments)
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Lake Arrowhead Real Estate: Bank-Owned (REO) and Short Sale Properties For Sale as of 5/17/08 - 05/17/08 05:41 PM
Four bank-owned properties went into escrow this past week with list prices ranging from $84,900 to $319,900. Seven new bank-owned listings took their place, while five price reductions hit the market. In short sale activity, a whopping nine properties were added to the list, as well as a couple of … (1 comments)
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Lake Arrowhead Real Estate: The Cream of the Crop - Best Deals on the Agent Tour (5/15/08) - 05/15/08 06:56 PM
Today's agent tour was a good example of "the good, the bad and the ugly" (and the overpriced)! There were 18 new Arrowhead Woods listings on tour and 46 total properties to view.
According to our office's "tour re-cap" group, there were some really good values and then there were some … (3 comments)
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Lake Arrowhead Real Estate: The Best Deals Out There... - 05/12/08 03:00 PM
Each Thursday, agents in our association "hit the pavement" to tour new listings, price reductions, etc. It is how we stay abreast of all the newest listings and the properties that have reduced their prices. Some are great, others are so-so, still others are not (by any stretch of the imagination) … (3 comments)
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Lake Arrowhead Real Estate: The Legend of the Dogwood... - 05/12/08 01:31 PM
The beautiful dogwoods are in bloom throughout the mountain communities and reminded me of the legend that surrounds this tree...
The Legend of the Dogwood
Two thousand years ago, few trees in the Middle East were big enough to construct anything. However, one tree was valued above the others for its … (6 comments)
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Lake Arrowhead Real Estate: Bank-Owned (REO) and Short Sale Properties For Sale (as of 05/12/08) - 05/12/08 12:33 PM
Bank-owned properties continue to sell well, especially at the lower price ranges. There are good deals to be had. Four price reductions in the REO sector, with almost as many new listings (3). The number of foreclosed home listings remains around 35 - seems they are selling at roughly the same … (0 comments)
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Lake Arrowhead Real Estate: Weekly Market Update (05/04/08 - 05/10/08) - 05/12/08 11:37 AM
This week there were 36 new listings from Crestline to Green Valley Lake and all areas in between. Fourteen listings mountain-wide successfully closed escrow with the average listing selling for 95% of the list price. Arrowhead Woods and Running Springs showed an average number of days on market of 228.6 … (0 comments)
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Lake Arrowhead Real Estate: Price Reduction - 280648 Lakeview, Cedar Glen for $189,000 - 05/12/08 10:40 AM
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Lake Arrowhead Real Estate: Price Reduction - 28050 Hwy 189 #101, Lake Arrowhead for $395,000 - 05/12/08 10:35 AM
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Lake Arrowhead Real Estate: Summer Concert Series Continues... - 05/11/08 03:57 AM
Tonight we were taken back to the days of Journey and, to tell you the truth, if my eyes had been closed I would have thought Steve Perry himself was belting them out from Center Stage. The band "Lights" was phenomenol.
Haley loved the music and danced the night … (1 comments)
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Lake Arrowhead Real Estate: Bank-Owned (REO) and Short Sale Properties For Sale (as of 05/03/08) - 05/05/08 12:13 PM
It was a relatively uneventful week with bank-owned properties. Only 3 new properties and two price reductions. The total number is edging closer to 40 - almost 10 more than when I started doing this analysis about 2 months ago. Short sales saw 5 new properties added to their ranks, but not one … (1 comments)
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Lake Arrowhead Real Estate: Summer Concert Series Kickoff... - 05/05/08 11:33 AM
The "Beach Toys" (Beach Boy cover band) opened the Summer Concert Series at Center Stage in Lake Arrowhead Village this past Friday evening. The weather was perfect (though it was a touch windy and chilly once the sun went down) and lots of people were there.
It was a ton of … (2 comments)
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Lake Arrowhead Real Estate - Weekly Market Update (04/27/08 - 05/03/08) - 05/05/08 11:14 AM
Listings, listings, listings - 48 new ones this past week hit the multiple listing service for areas from Crestline to Green Valley Lake. Of the 5 sales in Arrowhead Woods, the average days on market was under 100 (though for all the sales reported in the mls for this past week … (0 comments)
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Lake Arrowhead Real Estate: Agent Tour Highlights (05/01/08) - 05/03/08 08:57 AM
It was a good-sized tour this week with 11 new listings toured in Arrowhead Woods. There were no bank-owned listings in Arrowhead Woods this week, but there were 2 short sale properties:
238 Birchwood - 4 br, 3 ba for $457,000934 Grass Valley - 3 br, 2 ba for $275,000According to the … (1 comments)
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Lake Arrowhead Real Estate: April 2007 vs. April 2008 - Market Statistics - 05/01/08 01:20 PM
This post deals strictly with ARROWHEAD WOODS statistics as compared monthly to the prior year's activity. This report is for single-family residences only and does not include lakefront homes, condos or lots. We are tracking information regarding new listings and properties sold. We are also looking at some of the averages - days on … (3 comments)
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Lake Arrowhead Real Estate: Fabulous, New 100% Financing Program - Check It Out! - 05/01/08 12:21 PM
I've recently been working with a client who has good credit, but not much money saved up. I called Tom Crate at Arrowhead Home Loans who turned me on to a new loan program that just became available through USDA Rural Development.
This is 100% financing with a 30-year fixed interest rate (currently … (0 comments)
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Lake Arrowhead Real Estate: New Listing - 818 Cottage Grove, Lake Arrowhead - 05/01/08 02:23 AM
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