Mountain Real Estate: Residential Home Sales 2008 vs. 2007

By
Real Estate Broker/Owner with Coldwell Banker Sky Ridge Realty

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%

 

Comments (1)

Kim Sellers
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