Lake Arrowhead Real Estate Market Report for October 2005

Arrowhead Woods
Home sales are down 39.7% this October compared to this time last year. 68 homes sold in the Arrowhead Woods during October 2004 and 41 sold in October 2005. Could this be because of the prices? Home prices have increased 19.7% this October from last October. The median price of a home last year was $350,000 compared to this years $419,000. The October 2005 Median price decreased 12.7% compared to September’s $480,000.

Arrowhead Woods – October 2005
Homes Sold: 41
Median List Price: $429,000
Median Sold Price: $419,000

Arrowhead Woods – October 2004
Homes Sold: 68
Median List Price: $359,000
Median Sold Price: $350,000

Arrowhead Woods – September 2005
Homes Sold: 61
Median List Price: $489,000
Median Sold Price: $480,000

Lake Arrowhead Surrounding Communities
(This area consists of: Arrowhead Villas, Cedar Glen, Deer Lodge Park, Twin Peaks, Blue Jay, Rim Forest, Sky Forest, Crest Estates and Crest Park)

Home sales are down 37.5% this October compared to this time last year. 24 homes sold in the Surrounding Communities of Lake Arrowhead during October 2004 and 15 sold in October 2005. Home prices are up 8.4% this year from last. The median price of a home last year was $193,750 compared to this years 210,000. The October 2005 Median price decreased 13.9% compared to September’s $243,975.

Surrounding Communities - October 2005
Homes Sold: 15
Median List Price: $214,900
Median Sold Price: $210,000

Surrounding Communities - October 2004
Homes Sold: 24
Median List Price: $199,950
Median Sold Price: $193,750

Surrounding Communities – September 2005
Homes Sold: 34
Median List Price: $247,000
Median Sold Price: $243,975

Crestline Real Estate
Home sales are down 4.5% this October compared to this time last year. 22 homes sold in the Crestline area during October 2004 and 21 sold in October 2005. Home prices have increase by 62.5%. The median price of a home last year was $161,500 compared to this years $262,500. The October 2005 Median price increased 4% compared to September’s $252,500.

Crestline - October 2005
Homes Sold: 21
Median List Price: $275,000
Median Sold Price: $262,500

Crestline - October 2004
Homes Sold: 22
Median List Price: $170,000
Median Sold Price: $161,500

Crestline – September 2005
Homes Sold: 21
Median List Price: $260,000
Median Sold Price: $252,500

Running Springs Real Estate

Sales have increase by 31.6% this October compared to this time last year. 19 homes sold in the Running Springs area during October 2004 and 25 sold in October 2005. Home prices are the same from this October compared to October 2004. The median price of a home last year was $230,000 compared to this years $230,000. The October 2005 Median price decreased 14.9% compared to September’s $270,250.

Running Springs - October 2005
Homes Sold: 25
Median List Price: $235,000
Median Sold Price: $230,000

Running Springs - October 2004
Homes Sold: 19
Median List Price: $244,900
Median Sold Price: $230,000

Running Springs – September 2005
Homes Sold: 30
Median List Price: $270,250
Median Sold Price: $270,250

For more on the Lake Arrowhead Real Estate market...