Lake Arrowhead Real Estate Market Report for January 2006

Arrowhead Woods

Home sales are down 23.3% this January compared to this time last year. 30 homes sold in the Arrowhead Woods during January 2005 and 23 sold in January 2006. Home prices have increased 29.7% this January from last January. The median price of a home last year was $319,833 compared to this years $415,000. The January 2006 Median price decreased 11.7% compared to December’s $470,000.

Arrowhead Woods – January 2006
Homes Sold: 23
Median List Price: $425,000
Median Sold Price: $415,000

Arrowhead Wood – January 2005
Homes Sold: 30
Median List Price: $335,000
Median Sold Price: $319,833

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

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 up 12.5% this January compared to this time last year. 16 homes sold in the Surrounding Communities of Lake Arrowhead during January 2005 and 18 sold in January 2006. Home prices are up 17.5% this year from last. The median price of a home last year was $188,000 compared to this years $221,000. The January 2006 Median price decreased 13.1 % compared to December’s $254,333.

Surrounding Communities - January 2006
Homes Sold: 18
Median List Price: $234,333
Median Sold Price: $221,000

Surrounding Communities - January 2005
Homes Sold: 16
Median List Price: $190,300
Median Sold Price: $188,000

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


Crestline

Home sales are down 11.1% this January compared to this time last year. 9 homes sold in the Crestline area during January 2005 and 8 sold in January 2006. Home prices have increased by 19.9%. The median price of a home last year was $246,000 compared to this years $295,000. The January 2006 Median price increased 7.3% compared to December’s $229,100.

Crestline - January 2006
Homes Sold: 8
Median List Price: $299,900
Median Sold Price: $295,000

Crestline - January 2005
Homes Sold: 9
Median List Price: $249,900
Median Sold Price: $246,000

Crestline – December 2005
Homes Sold: 19
Median List Price: $234,466
Median Sold Price: $229,100


Running Springs

Sales have decreased by 10% this January compared to this time last year. 9 homes sold in the Running Springs area during January 2005 and 10 sold in January 2006. Home prices increased by 3.2% this January compared to January 2005. The median price of a home last year was $243,000 compared to this years $250,833. The January 2006 Median price increased 9.5% compared to December’s $229,000.

Running Springs – January 2006
Homes Sold: 10
Median List Price: $268,000
Median Sold Price: $250,833


Running Springs – January 2005
Homes Sold: 9
Median List Price: $243,000
Median Sold Price: $243,000

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

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.