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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
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New Listings |
20 |
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Median Price |
$572,000 |
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Price Range |
$299,000 - $1,299,000 |
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Active Listings |
427 |
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Median Price |
$547,500 |
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Price Range |
$190,000 - $5,995,000 |
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Pending Listings |
34 |
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Median Price |
$368,250 |
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Price Range |
$169,900 - $899,000 |
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Sold Listings |
11 |
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Median Price |
$4730,000 |
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Price Range |
$278,500 - $855,000 |
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Avg. Days on Market |
115.2 |
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Avg. List To Sale % |
95.6% |
LAKEFRONT HOMES
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New Listings |
3 |
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Median Price |
$1,195,000 |
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Price Range |
$879,000 - $1,525,000 |
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Active Listings |
39 |
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Median Price |
$2,850,000 |
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Price Range |
$879,000 - $9,950,000 |
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Pending Listings |
1 |
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Median Price |
$2,495,000 |
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Price Range |
$ - $ |
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Sold Listings |
1 |
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Median Price |
$3,490,000 |
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Price Range |
$ - $ |
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Avg. Days on Market |
346 |
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Avg. List To Sale % |
88.4% |
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New Listings |
8 |
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Median Price |
$244,500 |
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Price Range |
$133,000 - $519,000 |
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Active Listings |
167 |
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Median Price |
$240,000 |
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Price Range |
$74,900 - $1,289,000 |
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Pending Listings |
14 |
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Median Price |
$177,400 |
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Price Range |
$99,999 - $198,000 |
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Sold Listings |
1 |
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Median Price |
$153,000 |
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Price Range |
$ - $ |
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Avg. Days on Market |
42 |
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Avg. List To Sale % |
96.2% |
CRESTLINE
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New Listings |
8 |
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Median Price |
$255,450 |
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Price Range |
$210,000 - $647,000 |
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Active Listings |
157 |
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Median Price |
$240,000 |
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Price Range |
$59,900 - $799,000 |
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Pending Listings |
25 |
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Median Price |
$168,000 |
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Price Range |
$44,900 - $168,000 |
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Sold Listings |
3 |
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Median Price |
$132,900 |
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Price Range |
$49,900 - $225,750 |
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Avg. Days on Market |
89.7 |
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Avg. List To Sale % |
90.2% |
RUNNING SPRINGS AREAS
(RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)
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New Listings |
6 |
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Median Price |
$244,700 |
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Price Range |
$149,900 - $399,000 |
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Active Listings |
204 |
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Median Price |
$249,000 |
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Price Range |
$39,900 - $4,600,000 |
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Pending Listings |
16 |
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Median Price |
$203,350 |
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Price Range |
$64,500 - $2,100,000 |
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Sold Listings |
3 |
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Median Price |
$119,000 |
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Price Range |
$52,000 - $129,900 |
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Avg. Days on Market |
24.0 |
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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.
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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.
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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.
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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 in the Village (10/02/08)
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).
Trees are just starting to turn their brilliant Autumn colors....come see the spectacle for yourselves!
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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.
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Q3 '07 vs Q3 '08 |
2007 |
2008 |
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New Listings |
193 |
206 |
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Listings Sold |
69 |
60 |
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Average Days On Market |
141.75 |
139.15 |
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.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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