The following chart shows the residential sales reported to the Rim Association for January 2009 by area. For all areas combined on the mountain, 41% were bank owned or REO properties. Of note is Lake Arrowhead with only 26% of the sales were properties that had been foreclosed on.
Total
Bank
Area
Sales
Owned
Percent
Arrowbear
1
0
0%
Arrowhead Villas
4
3
75%
Cedar Glen
0
0
0%
Crestline
6
3
50%
Deer Lodge Park
0
0
0%
Green Valley Lake
2
1
50%
Lake Arrowhead
19
5
26%
Lake Front
0
0
0%
Running Springs
3
2
67%
Sky Forest
2
0
0%
Twin Peaks/Blue Jay
4
3
75%
Total
41
17
41%
Lake Arrowhead, CA Coldwell Banker - Lake Arrowhead, CA
Lake Arrowhead Realtor - BRE#01412099 - Lake Arrow
Very good report. Lake Arrowhead is still the lowest on the pole, but wow, the percentage of bank owned homes is up there... hope we flush through them soon. But on the flip side, great buys out there for people.
Feb 04, 2009 04:46 AM
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