Lake Arrowhead Real Estate Market Report for December 2005

Arrowhead Woods

Home sales are down 15.2% this December compared to this time last year. 46 homes sold in the Arrowhead Woods during December 2004 and 39 sold in December 2005. Home prices have increased 19.6% this December from last December. The median price of a home last year was $393,000 compared to this years $470,000. The December 2005 Median price increased 10.6% compared to November’s $425,000.

Arrowhead Woods – December 2005
Homes Sold: 39
Median List Price: $474,000
Median Sold Price: $470,000

Arrowhead Wood – December 2004
Homes Sold: 46
Median List Price: $399,316
Median Sold Price: $393,000

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


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 33.3% this December compared to this time last year. 27 homes sold in the Surrounding Communities of Lake Arrowhead during December 2004 and 16 sold in December 2005. Home prices are up 37.5% this year from last. The median price of a home last year was $185,000 compared to this years $254,333. The December 2005 Median price increased 27.1 % compared to November’s $200,000.

Surrounding Communities - December 2005
Homes Sold: 16
Median List Price: $252,966
Median Sold Price: $254,333

Surrounding Communities - December 2004
Homes Sold: 27
Median List Price: $189,900
Median Sold Price: $185,000

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


Crestline

Home sales are up 4.8% this December compared to this time last year. 31 homes sold in the Crestline area during December 2004 and 22 sold in December 2005. Home prices have increased by 20.5%. The median price of a home last year was $190,000 compared to this years $229,100. The December 2005 Median price decreased 4.3% compared to November’s $239,333.

Crestline - December 2005
Homes Sold: 22
Median List Price: $234,466
Median Sold Price: $229,100

Crestline - December 2004
Homes Sold: 21
Median List Price: $209,000
Median Sold Price: $190,000

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


Running Springs

Sales have decreased by 9.5% this December compared to this time last year. 21 homes sold in the Running Springs area during December 2004 and 19 sold in December 2005. Home prices increased by 24.8% this December compared to December 2004. The median price of a home last year was $183,500 compared to this years $229,000. The December 2005 Median price decreased 8.4% compared to November’s $250,000.

Running Springs – December 2005
Homes Sold: 19
Median List Price: $239,000
Median Sold Price: $229,000

Running Springs – December 2004
Homes Sold: 21
Median List Price: $179,900
Median Sold Price: $183,500

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

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.