Lake Arrowhead Real Estate Market Report for September 2005

Arrowhead Woods
According to the

Lake Arrowhead MLS, home sales are down 14.2% this September compared to this time last year. 77 homes sold in the Arrowhead Woods during September 2004 and 61 sold in September 2005. However, home prices are up 32.6% this year from last. The median price of a Lake Arrowhead property last year was $362,000 compared to this years $480,000. The September 2005 Median price of Lake Arrowhead real estate increased 6.1% compared to August’s $452,500.

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

Arrowhead Woods - September 2004
Homes Sold: 77
Median List Price: $371,000
Median Sold Price: $362,000

Arrowhead Woods – August 2005
Homes Sold: 66
Median List Price: $440,000
Median Sold Price: $452,500

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 8.1% this September compared to this time last year. 37 homes sold in the Surrounding Communities of Lake Arrowhead during September 2004 and 34 sold in September 2005. However, home prices are up 25.1% this year from last. The median price of a home last year was $195,000 compared to this years $243,975. The September 2005 Median price increased 7.5% compared to August’s $227,000.

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

Surrounding Communities - September 2004
Homes Sold: 37
Median List Price: $199,900
Median Sold Price: $195,000

Surrounding Communities – August 2005
Homes Sold: 26
Median List Price: $227,000
Median Sold Price: $227,000


Crestline
Home sales are up 16.7% this September compared to this time last year. 18 homes sold in the Crestline area during September 2004 and 21 sold in September 2005. Also, home prices are up 21.7% this year from last. The median price of
Crestline real estate last year was $207,450 compared to this years $252,500. The September 2005 Median price increased 7.2% compared to August’s $235,500.

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

Crestline - September 2004
Homes Sold: 18
Median List Price: $209,450
Median Sold Price: $207,450

Crestline – August 2005
Homes Sold: 13
Median List Price: $250,000
Median Sold Price: $235,500

Running Springs

Believe it or not,
Running Springs real estate sales are the same from this September compared to this time last year. 30 homes sold in the Running Springs area during September 2004 and 30 sold in September 2005. However, home prices are up 30.2% this year from last. The median price of a home last year was $207,500 compared to this years $270,250. The September 2005 Median price increased 3.1% compared to August’s $262,000.

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

Running Springs - September 2004
Homes Sold: 30
Median List Price: $212,450
Median Sold Price: $207,500

Running Springs – August 2005
Homes Sold: 26
Median List Price: $267,400
Median Sold Price: $262,000