Lake Arrowhead Real Estate Market Report for July 2006

Arrowhead Woods

Home sales are down 51.7% this July compared to this time last year. 58 homes sold in the Arrowhead Woods during July 2005 and 28 sold in July 2006. Home prices have increased 9% this July from last July. The median price of a home sold last year was $438,333 compared to this years $478,000. The July 2006 Median price increased 10.2% compared to June’s $433,833.

Arrowhead Woods – July 2006
Homes Sold: 28
Median List Price: $481,833
Median Sold Price: $478,000

Arrowhead Wood – July 2005
Homes Sold: 58
Median List Price: $439,000
Median Sold Price: $438,333

Arrowhead Woods – June 2006
Homes Sold: 22
Median List Price: $455,667
Median Sold Price: $433,833


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 have decreased 65.7% this July compared to this time last year. 35 homes sold in the Surrounding Communities of Lake Arrowhead during July 2005 and 12 sold in July 2006. Home prices are up 13.8% this year from last. The median price of a home sold last year was $195,000 compared to this years $221,833. The July 2006 median price decreased 5.4% compared to June’s $234,500.

Surrounding Communities - July 2006
Homes Sold: 12
Median List Price: $226,333
Median Sold Price: $221,833

Surrounding Communities - July 2005
Homes Sold: 35
Median List Price: $215,000
Median Sold Price: $195,000

Surrounding Communities – June 2006
Homes Sold: 25
Median List Price: $245,000
Median Sold Price: $234,500


Crestline

Home sales are down 56% this July compared to this time last year. 25 homes sold in the Crestline area during July 2005 and 11 sold in July 2006. Home prices have decreased by 8.3%. The median price of a home sold last year in July was $239,900 compared to this years $219,900. The July 2006 Median price decreased 8.6% compared to June’s $240,667.

Crestline – July 2006
Homes Sold: 11
Median List Price: $219,900
Median Sold Price: $219,900

Crestline - July 2005
Homes Sold: 25
Median List Price: $239,900
Median Sold Price: $239,900

Crestline – June 2006
Homes Sold: 14
Median List Price: $237,967
Median Sold Price: $240,667


Running Springs

Sales have decreased by 45.8% this July compared to this time last year. 24 homes sold in the Running Springs area during July 2005 and 13 sold in July 2006. Home prices decreased by 9.0% this July compared to July 2005. The median price of a home sold last July was $253,833 compared to this years $231,000. The July 2006 Median price decreased 5.7% compared to June’s $245,000.

Running Springs – July 2006
Homes Sold: 13
Median List Price: $231,000
Median Sold Price: $231,000

Running Springs – July 2005
Homes Sold: 24
Median List Price: $258,133
Median Sold Price: $253,833

Running Springs – June 2006
Homes Sold: 12
Median List Price: $262,333
Median Sold Price: $245,000

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.