Lake Arrowhead Real Estate Market Report for November 2005

"Liz Whieldon's monthly report on the state of Lake Arrowhead real estate!"

Arrowhead Woods
Home sales are down, according to the Lake Arrowhead MLS, but not by much. They are down 1.9% this November compared to this time last year. 52 homes sold in the Arrowhead Woods during November 2004 and 51 sold in November 2005. Home prices have increased 22.7% this November from last November. The median price of a home last year was $346,333 compared to this years $425,000. The November 2005 Median price increased 1.4% compared to October’s $419,000.

Arrowhead Woods – November 2005
Homes Sold: 51
Median List Price: $435,000
Median Sold Price: $425,000

Arrowhead Woods – November 2004
Homes Sold: 52
Median List Price: $352,950
Median Sold Price: $346,333

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

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 20.7% this November compared to this time last year. 29 homes sold in the Surrounding Communities of Lake Arrowhead during November 2004 and 23 sold in November 2005. Home prices are up 12.7% this year from last. The median price of a home last year was $177,500 compared to this years $200,000. The November 2005 Median price decreased 4.8% compared to October’s $210,000.

Surrounding Communities - November 2005
Homes Sold: 23
Median List Price: $205,000
Median Sold Price: $200,000

Surrounding Communities - November 2004
Homes Sold: 29
Median List Price: $182,000
Median Sold Price: $177,500

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

Crestline
Home sales are up 38.5% this November compared to this time last year. 13 homes sold in the Crestline area during November 2004 and 18 sold in November 2005. Home prices have increase by 18.8%. The median price of a home last year was $201,500 compared to this years $239,333. The November 2005 Median price decreased 8.8% compared to October’s $262,500.

Crestline - November 2005
Homes Sold: 18
Median List Price: $239,633
Median Sold Price: $239,333

Crestline - November 2004
Homes Sold: 13
Median List Price: $199,900
Median Sold Price: $201,500

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

Running Springs

Sales have decrease by 21.3% this November compared to this time last year. 23 homes sold in the Running Springs area during November 2004 and 18 sold in November 2005. Home prices increased by 19% this November compared to November 2004. The median price of a home last year was $210,000 compared to this years $250,000. The November 2005 Median price increased 8.7% compared to October’s $230,000.

Running Springs – November 2005
Homes Sold: 18
Median List Price: $256,266
Median Sold Price: $250,000

Running Springs – November 2004
Homes Sold: 23
Median List Price: $210,000
Median Sold Price: $210,000

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

This information was pulled from the Rim of the World Association of Realtors MLS. Agent Liz Whieldon makes no guarantee to the validity of this information.