The following chart shows all single family home sales on the mountain reported to Rim Association of Realtors for the calendar year 2008 vs. 2007 as of January 4, 2009. The figures represent a 14% drop in number of sales and a 21% decrease in median sales price across the mountain. Most areas experienced decreased sales and median sales prices, although some areas actually saw an increase in sales and some held their own with regard to value.
2008 Figures
Community
Sales
Median
Arrowbear
24
$ 132,250
Arrowhead Villas
34
$ 201,000
Lake Arrowhead
239
$ 389,000
Cedar Glen
15
$ 153,000
Crestline
140
$ 177,450
Deer Lodge Park
6
$ 180,625
Green Valley Lake
24
$ 167,050
Lakefront
16
$ 1,821,515
Running Springs
97
$ 181,000
Sky Forest
15
$ 230,000
Twin Peaks/Blue Jay
36
$ 183,500
Total
646
$ 270,000
2007 Figures
Community
Sales
Median
Arrowbear
24
$ 187,000
Arrowhead Villas
31
$ 235,500
Lake Arrowhead
299
$ 510,000
Cedar Glen
13
$ 190,000
Crestline
119
$ 289,500
Deer Lodge Park
5
$ 449,000
Green Valley Lake
29
$ 249,900
Lakefront
23
$ 1,850,000
Running Springs
133
$ 299,000
Sky Forest
21
$ 297,000
Twin Peaks/Blue Jay
52
$ 257,500
Total
749
$ 340,000
Difference 2008 from 2007
Community
Sales
Median
Arrowbear
0
-29%
Arrowhead Villas
10%
-15%
Lake Arrowhead
-20%
-24%
Cedar Glen
15%
-19%
Crestline
18%
-39%
Deer Lodge Park
20%
-60%
Green Valley Lake
-17%
-33%
Lakefront
-30%
-2%
Running Springs
-27%
-39%
Sky Forest
-29%
-23%
Twin Peaks/Blue Jay
-31%
-29%
Total
-14%
-21%
Lake Arrowhead, CA Coldwell Banker - Lake Arrowhead, CA
Lake Arrowhead Realtor - BRE#01412099 - Lake Arrow
Wow... that really lays out what the market did this year verses last... I am thinking our numbers will go up this year.
Jan 05, 2009 04:19 AM
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