Lake Arrowhead Real Estate Market Report for August 2006

Arrowhead Woods
Home sales are down 43.3% this August compared to this time last year. 67 homes sold in the Arrowhead Woods during August 2005 and 38 sold in August 2006. Home prices have decreased 7.7% this August from last August. The median price of a home sold last year was $455,000 compared to this years $420,000. The August 2006 Median price decreased 12.1% compared to July’s $478,000.

Arrowhead Woods – August 2006
Homes Sold: 38
Median List Price: $428,300
Median Sold Price: $420,000

Arrowhead Wood – August 2005
Homes Sold: 67
Median List Price: $450,000
Median Sold Price: $455,000

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


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 have decreased 36.7% this August compared to this time last year. 30 homes sold in the Surrounding Communities of Lake Arrowhead during August 2005 and 19 sold in August 2006. Home prices are down 2.8% this year from last. The median price of a home sold last year was $226,333 compared to this years $220,000. The August 2006 median price decreased 0.8% compared to July’s $221,833.

Surrounding Communities - August 2006
Homes Sold: 19
Median List Price: $229,900
Median Sold Price: $220,000

Surrounding Communities - August 2005
Homes Sold: 30
Median List Price: $226,000
Median Sold Price: $226,333

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


Crestline
Home sales are up 9.5% this August compared to this time last year. 21 homes sold in the Crestline area during August 2005 and 23 sold in August 2006. Home prices have decreased by 11.6%. The median price of a home sold last year in August was $260,000 compared to this years $229,900. The August 2006 Median price increased 4.5% compared to July’s $219,900.

Crestline – August 2006
Homes Sold: 23
Median List Price: $242,777
Median Sold Price: $229,900

Crestline - August 2005
Homes Sold: 21
Median List Price: $269,000
Median Sold Price: $260,000

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


Running Springs
Sales have decreased by 50% this August compared to this time last year. 28 homes sold in the Running Springs area during August 2005 and 14 sold in August 2006. Home prices increased by 22.4% this August compared to August 2005. The median price of a home sold last August was $257,000 compared to this years $314,667. The August 2006 Median price increased 36.2% compared to July’s $231,000.

Running Springs – August 2006
Homes Sold: 14
Median List Price: $315,333
Median Sold Price: $314,667

Running Springs – August 2005
Homes Sold: 28
Median List Price: $260,300
Median Sold Price: $257,000

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


This information was pulled from the Rim of the World Association of Realtors MLS. Agents Johnn & Liz Whieldon make no guarantee to the validity of this information.