The following chart shows all single family home sales in Lake Arrowhead from January 1, 2008 to May 31, 2008.  Coldwell Banker Sky Ridge Realty represented the seller in 50% of these transactions.  All data from Rim Association of Realtors. Coldwell Banker Sky Ridge 44 50% Re/Max 24 27% Prudential California 4 5% Mountain Country Realty 3 3% Ultimate Home Sales 2 2% Century 21 High Country 2 2% Lynne B. Wilson and Associates 2 2% Windermere 2 2% Associated Realtors 1 1% Prime Properties 1 1% Realty World Mountian Resorts 1 1% Shear Realty 1 1% The Arrowhead Company 1 1%       Total Listings Sold 88   06/02/2008

  This post deals strictly with ARROWHEAD WOODS May 2008 statistics as compared to the prior year's activity for the same month.  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 market and the list to sale percentages.  May  2007  2008 New ListingsMedian List PriceList Price Range 99$490,000$259,000 - $2,100,000 94$471,150$227,900 - $2,499,000 Listings SoldMedian Sale PriceSale Price Range 25$469,900$283,000 - $819,000 16$537,000$315,000 - $1,366,000 Average Days On MarketAverage List To Sale Percentage 164.9298.4% 179.893.3% Number of Price Reductions 15/25 (60.0%) 5/16 (31.2%) Though new listings remained... 05/31/2008

Active Residential Listings: 1098 Active Residental Listings in Arrowhead Woods: 436 Pending Residential Sales: 156 Sold Residential Properites month to date: 89 MLS wide Median Residential Sold Month-do-date: $217,500 (#60) Arrowhead Woods & Lake Front Median Sold Month-do-date: $537,000 (#14) Source: MLS, Rim of the World Association of Realtors 05/31/2008

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 crossed with the number of foreclosures stepping up to 44 listings.  Six of those properties reduced their list prices this past week.  Short sales had a very uneventful week with only one price reduction and absolutely no new listings. BANK-OWNED (REO)   PRICE AREA STREET ADDRESS BR BA YR BLT   $115,000 Arrowbear 2315 Eagle Lane 2 1.5 1977   $149,625 Arrowbear  32918 Chipmunk Lane 3  2  1960    $149,900 Arrowbear 2397 Independence 3 1.5 1964   $167,500  Arrowbear  33040... 05/31/2008

This week will start the Lake Arrowhead Village's Farmers Market Night Join in for the weekend fun and shop around the market, then take in the tunes at the concert tonight.  Backtraxx is playing tonight, some kicking rock and roll.  Tomorrow night is a The Doors tribute band, Wild Child.  Come on out and kick back. Kim Kelley Coldwell Banker Sky Ridge Realty 909-336-7949 Direct 909-725-1248 Cell www.arrowheadeliteproperties.com   05/30/2008

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 completely full.  Let's pray that we get some more rain soon to "top-off" the lake for the Summer. 05/30/2008

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 was predominantly "stormy" and limited some showings.  There were 15 new Arrowhead Woods listings (including one condo) that were on the tour sheets today.  In the "tour re-cap" group, theses were the top picks: 159 D Lane (Arrowhead Woods) - 4 br, 3.5 ba built in 1932 for $565,000 29303 Lakeview (Cedar Glen) - 2 br, 1 ba remodel, built in 1954 for $239,000 1314 Sequoia (Arrowhead Woods) - 3 br, 3 ba built in 1977 for $415,000 27320 Elmwood (Arrowhead Woods) - 4 br, 4 ba built in 2000 for $695,000 2752... 05/29/2008

Our local theatre has 4 movies playing most days and, all the latest flicks I might add. The link below will give you the movie titles, theatre location, directions and map. Bookmark it for future use. You can click on any movie title, watch the trailer, see ratings and read reviews.  27315 North Bay Road, Blue Jay, CA 92317  |  (909) 337-8404  BLUE JAY 4 THEATRE      05/29/2008

Finally, after being 4 weeks late on closing my hardest escrow finally closes.  This is also one of the least expensive homes I have ever sold and it was the toughest.  My client is extremely pleased to see the end of the roller coaster he has been on.  I can't stress enough to clients to use a lender who is straight up with you, gives you a good faith, performs their job on time, has good communication and knows and uses vendors they trust.  From day one this has been badly handled.  Lender failed to order the appraisal until we were four days from closing, obviously, it was never going to happen.  Bottom line, my client is happy, but he went through un-needed stress and trials. Call me today for a list of qualified and trusted lenders. Kim Kelley Coldwell Banker Sky Ridge Realty www.a... 05/29/2008

The following Chart shows all single family homes in the Rim Association of Realtors as of May 28, 2007 that are currently "in escrow" or pending sales.  The chart gives the listing office, the number of listings they have that are pending and the market share.  If a company is not listed, they have no pending listings according to the Rim Association of Realtors. Firm Pending Listings Coldwell Banker Sky Ridge Realty 58 44% Century 21 High Country 19 14% Mountain Top Producers 8 6% Remax Lake Arrowhead 6 5% ERA Bruin Trojan 5 4% Prudential California 4 3% Windermere 4 3% Associated 3 2% Bibby  3 2% Realty World Mountain Resorts 3 2% Century 21 Prestige 2 2% Franklin 2 2% Gregg Grant 2 2% Prudential Consultants 2 2% Ultimate Home Sales 1 1% Ash Realty 1 1% Blackstone 1 1% C-21 Bill Bake... 05/28/2008

JUNE 1, 2008      Papagayos...the Best Mexican Food restaurant on the Mountain is celebrating their 25th Anniversary.Join the party from 12pm to 4pm. Great food, Great Margaritas and Great Entertainment by:               "The MoonDaddies"  Location: Lake Arrowhead Village Normal Hours:Sunday - Thursday: 11:00 am - 9:00 pmFriday and Saturday: 11:00 am - 10:00 pm Phone: 909-337-9529 MAP TO LAKE ARROWHEAD VILLAGE This is one of MY favorite places to eat! 05/28/2008

MAY 30, 2008 Summer CONCERT SERIES continues with: Backtraax , Classic Rock/Blues/FunkThis is one of So Cal's newest bands. BacktraXX show consists of classic rock, blues and punk combined with an exceptional stage presence. Band Members:Joseph Galvan - Vocals, guitar;Danny St. James- Bass, vocalsMark Ulmer - Drums, vocals - Welcome Back! Johnny "Hoss" Hostetler - Lead guitar, vocals   MAY 31, 2008 Summer CONCERT SERIES continues with: Wild Child - Tribute to Jim Morrison & the Doors Supposedly, this is the closest you will ever get to the real Jim Morrison & the Doors. David Brock and Wild Child are returning to Center Stage to ratchet up the Concert Series with the magic and madness of The Doors. ****  Beverages and food available at festival area or order take-out from any one of our... 05/28/2008

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 these days.  AAAHHHHHH!!! Don't get me wrong - there are definitely areas of the nation where this is, sadly, true.  But real estate is a funny animal - it is local, not national.  Good markets exist in pockets, in niches.  Broad generalities about what is happening in the US may not necessarily apply in, for instance, Lake Arrowhead. In Lake Arrowhead and the surrounding communities of Crestline and Running Springs, we are dealing with more short... 05/28/2008

The following chart shows all single family home sales from January 1, 2008 to May 27, 2008 as reported to Rim Association of Realtors by month.  Additionally, the top companies in the Lake Arrowhead market are tracked with the number of listings they have sold in our market area and their market share.   Jan Feb Mar April May Total Arrowbear 1 3 1 4 1 10 Arrowhead Villas 1 2 1 1 4 9 Lake Arrowhead 17 13 16 19 13 78 Lakefront 0 1 2 0 1 4 Cedar Glen 1 1 1 0 1 4 Crestline 6 3 8 7 11 35 Green Valley Lake 3 1 1 2 2 9 Running Springs 4 5 3 10 5 27 Skyforest 0 1 1 2 0 4 Twin Peaks 1 2 4 4 3 14               Total 34 32 38 49 41 194                                           Coldwell Banker Sky Ridge Realty 78 40%     Remax Lake Arrowhead   35 18%     Century 21 High Country   14 7%     Prudent... 05/28/2008

New Listings for Week Ending May 26 2008                       Address List Price Year Built Bed Bath Area 191Grass Valley $252,000.00 1968 3 3 AW 26260 Augusta $264,900.00 1978 3 2 AW 26265 Augusta $298,000.00 1980 4 2.5 AW 171 Grass Valley $310,000.00 1990 3 2.5 AW 301 Emerald $324,900.00 1970 3 1.75 AW 342 Oak Dr $349,000.00 1963 3 2 AW 355 Cottage Grove $354,000.00 1950 3 1 AW 243 Fremont $375,000.00 1955 2 3 AW 27282 Bernina $439,000.00 1976 4 3 AW 1220 Yosemite $449,000.00 1968 3 1.75 AW 283 Maple Dr $449,900.00 1966 3 2 AW 1211 Yukon $459,000.00 1991 3 2.5 AW 28105 W Shore Rd $459,000.00 1963 4 3 AW 27462 Cedarwood $539,000.00 1979 4 3 AW 159 D Lane $565,000.00 1932 4 3.5 AW 27526 West Shore $589,000.00 1970 4 3 AW 27700 N Bay $611,000.00 1991 4 4 AW 27311 Matterhorn $640,000.00... 05/27/2008

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 from Crestline to Green Valley Lake this past week, 110 properties in escrow and, as last week, 9 properties sold (5 of them in Crestline).    Not one single sale in Arrowhead Woods this week.... ARROWHEAD WOODS New Listings 24 Median Price $444,000 Price Range $252,000 - $1,195,000     Active Listings 393 Median Price $525,000 Price Range $227,900 - $5,995,000     Pending Listings 35 Median Price $415,000 Price Range $199,900 - $1,789,000     Sold Listings 0 Median Price $ Price Range $ - $ Average Day... 05/26/2008

Lake Arrowhead this week has not been the typical weather pattern... Here I sit on the Sunday of Memorial Weekend, I am thinking back to the holidays of the past, sunshine, warmth, bbq's, swimming, but that is far from what we have this weekend.  We have had freakish weather the last few days... thunder storms, hail, snow and mass rain.  When I headed out for my morning run, it was a crisp 29 degrees, brrrrr.  Funny thing is, I am sitting here, wearing my sandals, capris and all of my patriotic acessories and I am trying to tell myself, it is summer, brrrr... The bright side of all of this, I glanced at next weeks forecast, 75 and sunny for next weekend... I have already planned my next Sunday, I will float around in the boat and bask in the sun... COME UP TO LAKE ARROWHEAD, THE WEATHER... 05/25/2008

Market Statistics for Lake Arrowhead MLS Active Residential Listings: 1063 Active Residental Listings in Arrowhead Woods: 411 Pending Residential Sales: 142 Sold Residential Properites month to date: 50 MLS wide Median Residential Sold Month-do-date: $286,000 (#26) Arrowhead Woods & Lake Front Median Sold Month-do-date: $642,909 (#11) Source: MLS, Rim of the World Association of Realtors 05/25/2008

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, as has been the case the entire time I've been tracking them.  Three new homes and three new price reductions round out the group for this past week. BANK-OWNED (REO)   PRICE AREA STREET ADDRESS BR BA YR BLT   $74,900 Arrowbear 2294 Deep Creek 2 1 1981   $115,000 Arrowbear 2315 Eagle Lane 2 1.5 1977   $149,625 Arrowbear  32918 Chipmunk Lane 3  2  1960    $149,900 Arrowbear 2397 Independence 3 1.5 1964 New  $167,500  Arrowbear  33040  Donner   3  2  1978                  $126,500 Arrowhead Villas ... 05/24/2008

Memorial Weekend is the kick off to summer!!! The traditional Coldwell Banker Open House Month is May.  On Memorial weekend it is also Coldwell Banker Sky Ridge Realty's #1 open house weekend.    Some of the areas finest homes will be on tour. Be sure to stop by and say hello YARD SALES!!! Along the way be sure to take part in our HUGE yard sale weekend through out our area.  You can find a map of all of the yard sales in the local Mountain News-Paper... Log onto CBSkyRidge.com and check out our open houses or stop by our office, either in Blue Jay Village or the Lake Arrowhead Village to pick up your free map and list. 27206 St Hwy 189 Blue Jay, CA 92317 (Blue Jay Village) 28200  St Hwy 189 Lake Arrowhead, CA 92352 (Lower Village) Contact Kim Kelley for additional information Kim Kell... 05/23/2008