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Monday Evening Market Report for Lake Arrowhead

By
Real Estate Agent with Realty ONE Group Mountain Desert

Monday Evening Market Report for Lake Arrowhead

 

I've been saying for a month or so, that we're seeing a little change (for the better) in our local market. Fewer listings and more sales. The hottest ticket is the $300,000 and under price range, where we've had more repos, and those repos are getting scooped up by ready and willing buyers. My two cents!  

Below are figures reflecting areas from Crestline to Green Valley Lake.

 

 

MARKET STATS  for August 24, 2009

LAKE ARROWHEAD AND ITS SURROUNDING AREAS

(All towns from Crestline to Green Valley Lake, including Lake Fronts)

Listings: 892      Prices: $59,000 - $9,950,000 

Pendings:  145    Prices:  $43,510 - $1,450,000

Solds from: August 1 - to date: 37 Prices:  $34,000 - $1,350,000

SOLDS Year-To-Date:  407  Price:  $31,900 - $3,250,000

 ~~~

ARROWHEAD WOODS (Lake Rights)

Listings: 398      Prices: $149,900 - $3,450,000 

Pendings:  44     Prices: $99,800 - $899,000 

Solds from August 1 to date: 14   Price: $147,250 - $879,000

SOLDS   Year-To-Date:  156   Price: $119,900 - $1,650,000

~ ~ ~

LAKEFRONTS

Listings:  45   Prices:  $160,000 (an interest in) - $9,950,000  

Pendings:   4   Price: $749,000 - $1,450,000   (4!!!! That's awesome)

Solds August to date:  1 Price: $1,350,000

SOLDS Year-To-Date:   10 Price: $1,100,000 - $3,250,000

(FIGURES TAKEN FROM RIM OF THE WORLD MLS ARE RELIABLE BUT NOT GUARANTEED)

 ~ ~ ~ 

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Monday Evening Market Report for Lake Arrowhead

Kat DeLong
Realty ONE Group Mountain Desert - Prescott, AZ
REALTOR

Call for a FREE list of homes meeting your budget.

Aug 24, 2009 01:03 PM
Jamie Dumaine-Russell
RE/MAX Alliance - Branford, CT

Kat - Looks like business is booming in Lake Arrowhead in every price range! 

Aug 24, 2009 02:45 PM
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

This is good news....we are moving down here too. I took a client to a new REO tonight and must have been joined by 10 different agents with clients while we were there. Crazy! I don't know if things will slow down once the tax credit is over...we'll see.

Aug 24, 2009 08:47 PM
Kat DeLong
Realty ONE Group Mountain Desert - Prescott, AZ
REALTOR

Donna: We certainly have a price range for every budget, that's for sure.

Karen: Nope, I don't think the first time buyer credit (when it is over) will slow the pace we're seeing.

Aug 25, 2009 01:37 AM