Lake Arrowhead Real Estate: Weekly Market Update (8/4/14 - 8/10/14)

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

14

 $230,000 - $975,000 

 $  374,950

ACTIVE

363

 $190,000 - $5,850,000 

 $  449,550

PENDING

42

 $99,500 - $1,499,000 

 $  339,000

SOLD

  4

 $229,500 - $975,000 

 $  374,950

Of the 4 homes in Arrowhead Woods that sold over the last seven days, the average list-to-sale percentage was 94.0%.  The average number of days on market was only 36!

LAKEFRONT PROPERTIES

STATUS

NUMBER

 PRICE RANGE 

 MEDIAN 

NEW

0

 -

 -

ACTIVE

42

$920,000 - $15,900,000 

    $2,599,500

PENDING

3

$875,000 - $1,998,000  

$1,249,000

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

11

 $77,000 - $395,000

 $  145,000

ACTIVE

96

 $78,500 - $775,000 

 $  187,000

PENDING

31

 $72,000 - $1,090,000

 $  159,000

SOLD

3

 $87,000 - $259,000

 $  99,900

The 3 sales for this week's time got a 94.8% of their list prices and were on the market for 50 days on average.    

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

Comments (5)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Greg - Excellent real estate data and information for Lake Arrowhead buyers and sellers to be aware of!  I hope buyers and sellers call you for more information and help!

Aug 11, 2014 08:59 AM
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Hi Laura!  Thanks very much....I'm hoping those buyers and sellers will call, too!  We both work in resort areas...how is the market looking in the Tahoe area?

Aug 11, 2014 01:02 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Greg - Thanks for the information.   I hope the Lake Arrowhead real estate market continues to improve.

Aug 14, 2014 12:31 PM
Kat DeLong
Realty ONE Group Mountain Desert - Prescott, AZ
REALTOR

Greg:  I re-blogged... BECAUSE I love your market reports!  Great job.

Aug 15, 2014 12:57 PM
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

@Joan - Thanks very much!  I, too, hope the market keeps moving in the right direction!  :)

@ Kat - I'm glad you love them...enough to re-blog them, even!  Thanks for all your support, my friend!

Aug 15, 2014 01:10 PM