Bank Owned Properties Sales in the Lake Arrowhead Vicinity

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

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%

Comments (1)

Kim Sellers
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