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Lake Arrowhead, CA

Lake Arrowhead Real Estate: Weekly Market Update (09/28/08 through 10/04/08)

Greg Steffens: Real Estate Agent in Lake Arrowhead, CA

The total number of active single family homes in our multiple listing service dipped down below 1000 units this past week to 995. This is a seasonal thing, so doesn't mean much more than we're approaching Fall and Summer is coming to an end.

Correspondingly, there are a fewer homes in escrow...but not by much - 89 to be exact (34 in Arrowhead Woods and 25 more in Crestline). There were healthy numbers of new listings across the mountain (45, with 20 of them in Arrowhead Woods) and 19 properties sold (11 of which were in the woods).

One lakefront home closed escrow for $3,490,00 which will bring the median sales prices of lakefront up a notch and another 3 lakefront listings hit the grid, bringing available lakefronts up to 39 homes.

ARROWHEAD WOODS

New Listings

20

Median Price

$572,000

Price Range

$299,000 - $1,299,000

Active Listings

427

Median Price

$547,500

Price Range

$190,000 - $5,995,000

Pending Listings

34

Median Price

$368,250

Price Range

$169,900 - $899,000

Sold Listings

11

Median Price

$4730,000

Price Range

$278,500 - $855,000

Avg. Days on Market

115.2

Avg. List To Sale %

95.6%

LAKEFRONT HOMES

New Listings

3

Median Price

$1,195,000

Price Range

$879,000 - $1,525,000

Active Listings

39

Median Price

$2,850,000

Price Range

$879,000 - $9,950,000

Pending Listings

1

Median Price

$2,495,000

Price Range

$ - $

Sold Listings

1

Median Price

$3,490,000

Price Range

$ - $

Avg. Days on Market

346

Avg. List To Sale %

88.4%


SURROUNDING COMMUNITIES
(ARROWHEAD VILLAS, CEDAR GLEN, CREST ESTATES, CREST PARK,
DEER LODGE PARK, RIM FOREST, SKYFOREST, TWIN PEAKS)

New Listings

8

Median Price

$244,500

Price Range

$133,000 - $519,000

Active Listings

167

Median Price

$240,000

Price Range

$74,900 - $1,289,000

Pending Listings

14

Median Price

$177,400

Price Range

$99,999 - $198,000

Sold Listings

1

Median Price

$153,000

Price Range

$ - $

Avg. Days on Market

42

Avg. List To Sale %

96.2%

CRESTLINE

New Listings

8

Median Price

$255,450

Price Range

$210,000 - $647,000

Active Listings

157

Median Price

$240,000

Price Range

$59,900 - $799,000

Pending Listings

25

Median Price

$168,000

Price Range

$44,900 - $168,000

Sold Listings

3

Median Price

$132,900

Price Range

$49,900 - $225,750

Avg. Days on Market

89.7

Avg. List To Sale %

90.2%

RUNNING SPRINGS AREAS
(RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)

New Listings

6

Median Price

$244,700

Price Range

$149,900 - $399,000

Active Listings

204

Median Price

$249,000

Price Range

$39,900 - $4,600,000

Pending Listings

16

Median Price

$203,350

Price Range

$64,500 - $2,100,000

Sold Listings

3

Median Price

$119,000

Price Range

$52,000 - $129,900

Avg. Days on Market

24.0

Avg. List To Sale %

97.2%

* ALL FIGURES TAKEN FROM THE RIM O' THE WORLD MULTIPLE LISTING SERVICE AND ARE DEEMED RELIABLE, BUT NOT GUARANTEED.

Lake Arrowhead's Weekly Housing Market UPDATE 10/5/08

Kat DeLong,  REALTOR: Real Estate Agent in Lake Arrowhead, CA

Market Statistics for Lake Arrowhead MLS

Active Residential Listings: 1042

Active Residential Listings in Arrowhead Woods: 460

Pending Residential Sales: 136

Sold Residential Properties month to date: 4

MLS wide Median Residential Sold Month-do-date: $477,500 (#4)

Arrowhead Woods & Lake Front Median Sold Month-do-date: $477,500 (#2)

Source: MLS, Rim of the World Association of Realtors, figures are deemed reliable but not guaranteed.

    For your Lake Arrowhead Real Estate needs, CALL: KAT DELONG, REALTOR.

SHAKE ROOFS IN LAKE ARROWHEAD WILL BE HISTORY BY THE YEAR 2014

Kat DeLong,  REALTOR: Real Estate Agent in Lake Arrowhead, CA

This is a topic that people don't want to think about, but not talking or thinking about it, doesn't make it disappear. The topic is FIRE.

By the year 2014, old, wood shake roofs MUST be replaced. Gone. History. As everyone in the nation knows, Lake Arrowhead and all of the San Bernardino Mountains have had their share of fires; the last being OCTOBER 2007, The Grass Fire. Though that fire, or prior fires during the last decade, may not have been caused by shake roofs, old shake-roofs are like matchsticks waiting to ignite. When most of our charming mountain cabins (homes) were constructed way-back-when, these shakes roofs fit the "mountain style." However, there's no style worth risking your house being in harms way during a blazing, Southern California fire.

On September 23, 2008, The SAN BERNARDINO COUNTY BOARD OF SUPERVISORS' meeting addressed the shake roof issue. They proposed that by the 2014, home owners within the FIRE OVERLAY SAFETY AREA must have their old, shake roofs replaced by roofs with a minimum Class A fire rating roof. Sellers of homes with shake roofs must have this done during escrow and before closing.

This ORDINANCE WILL become effective by January 2009. If you'd like to attend future meetings regarding this issue or others, CLICK HERE for dates and times.

    For your Lake Arrowhead Real Estate needs, CALL: KAT DELONG, REALTOR.

Lake Arrowhead Real Estate: Falls Comes to the Mountains...Overnight!

Greg Steffens: Real Estate Agent in Lake Arrowhead, CA

Last night Fall made it's grand arrival. In the cover of night a storm swept in with wind, fog and drizzle. Today, the fog has come and gone all day, but temps are low....

Haley - 10/02/08

Haley in the Village (10/02/08)

Haley - 10/03/08

What a difference a day makes!

Haley in the Village - 10/03/08

Yesterday, we took Haley to the small pumpkin patch that is a part of the Agua Fria Hardware Store (just down the road from our office), so she could get a pumpkin to carve. She was very excited (as you can tell).

Haley at the Pumpkin Patch - Oct 2008

Trees are just starting to turn their brilliant Autumn colors....come see the spectacle for yourselves!

Lake Arrowhead Real Estate: Quarterly Statistics - Third Quarter 2007 vs. Third Quarter 2008

Greg Steffens: Real Estate Agent in Lake Arrowhead, CA

This post deals strictly with ARROWHEAD WOODS statistics as compared quarterly to the prior year's activity. This report is for single-family residences only and does not include lakefront homes, condos or lots. We are tracking information regarding new listings and properties sold. We are also looking at some of the averages - days on market and the list to sale percentages.

Q3 '07 vs Q3 '08

2007

2008

New Listings
Median List Price
List Price Range

193
$501.67K
$213.2K - $4.35M

206
$510.73K
$139.9K - $5.995M

Listings Sold
Median Sale Price
Sale Price Range

69
$501.48K
$230K - $2.3M

60
$394.17K
$95K- $1.497M

Average Days On Market
Average List To Sale Percentage

141.75
95.3%

139.15
94.9%

Though new listings were up, as was the median list price, the number of sales were down and the median sales price was WAY down (this tells me that the lower end of the market is where the deals are being done in '08). Days on market are slightly down and the list-to-sale percentage is down less than a half a percent.