Lake Arrowhead Real Estate: Weekly Market Update (10/21/13 - 10/27/13)

By
Real Estate Agent with Mountain Country Realty BRE#01228248

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

10

 $220,000 - $1,875,000 

 $  304,900

ACTIVE

287

 $169,000 - $5,250,000 

 $  459,000

PENDING

50

 $209,000 - $1,269,000 

 $  375,000

SOLD

  6

 $185,000 - $370,000 

 $  298,500

Of the 6 homes in Arrowhead Woods that sold over the last seven days, the average list-to-sale percentage was 94.5%.  The average number of days on market was only 42!

LAKEFRONT PROPERTIES

STATUS

NUMBER

 PRICE RANGE 

 MEDIAN 

NEW

0

 -

 -

ACTIVE

36

$325,000 - $14,800,000 

 $  2,593,500

PENDING

1

$1,359,000  

-

SOLD

0

-

-

Not much new in this sector of the market this week....not too surprising.

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

3

 $103,900 - $192,500

 $  136,000

ACTIVE

63

 $71,000 - $2,800,000 

 $  185,000

PENDING

35

 $58,000 - $375,000

 $  134,900

SOLD

2

 $98,000 - $445,000

 $  271,500

The 2 sales for this week's time got a full 100% of their list prices and were on the market for 74.5 days on average.    

*Statistics taken from Rim O' the World multiple listing service and are deemed reliable, but are not guaranteed.

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