Lake Arrowhead Real Estate: Weekly Market Update (10/7/13 - 10/13/13)
As usual, Greg did a fantastic job with his weekly real estate market report on Lake Arrowhead.
You can see by Greg's figures that, though inventory is lower than normal, we have a large selection of homes for sale with lake rights. And, if you want on the lake, we have a nice selection of those estates, also.
So, come on up and let's have a look around.
To be an informed seller or buyer, it is imperative to know what is happening in the current market. There are many factors to determining the proper price when listing a home for sale. There are just as many factors to help you decide whether you are getting good value for your dollar when you purchase a home.
The tables below show you the weekly breakdown of new listings, homes sold, active listings and homes currently in escrow. We have further broken down this information to show you median prices and price ranges, number of days on market and the percentages of list price to sales price.
To discuss your particular property and to get a more detailed idea of what your property is worth in our current market, including a free comparative market analysis, please call us. If you are looking to buy a home and are wondering what is a good deal right now, please contact us right away. Good deals go quickly!
ARROWHEAD WOODS
STATUS
NUMBER
PRICE RANGE
MEDIAN
NEW
6
$229,000 - $949,000
$ 319,475
ACTIVE
275
$169,900 - $5,250,000
$ 459,000
PENDING
54
$194,950 - $1,269,000
$ 349,000
SOLD
5
$255,000 - $925,000
$ 384,000
Of the 5 homes in Arrowhead Woods that sold over the last seven days, the average list-to-sale percentage was a whopping 96.2%. The average number of days on market was 119.
LAKEFRONT PROPERTIES
STATUS
NUMBER
PRICE RANGE
MEDIAN
NEW
0
ACTIVE
35
$325,000 - $14,800,000
$ 2,588,000
PENDING
2
$1,359,000 - $1,660,000
$ 1,509,500
SOLD
0
SURROUNDING COMMUNITIES
(Includes Arrowhead Villas, Cedar Glen, Deer Lodge Park, Skyforest, Rim Forest, Twin Peaks, Crest Park, Crest Estates)
STATUS
NUMBER
PRICE RANGE
MEDIAN
NEW
5
$85,000 - $564,000
$ 165,000
ACTIVE
73
$59,000 - $2,800,000
$ 164,500
PENDING
25
$58,000 - $449,000
$ 143,500
SOLD
1
$120,000
The only sale for this week's time got an impressive 100.1% of their list prices and was on the market for only 8 days.
*Statistics taken from Rim O' the World multiple listing service and are deemed reliable, but are not guaranteed.
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