Lake Arrowhead Real Estate Market Report for October 2006

Arrowhead Woods
Home sales are down 40% this October compared to this time last year. 45 homes sold in the Arrowhead Woods during October 2005 and 27 sold in October 2006. Home prices have decreased 4% this October from last October. The median price of a home sold last year was $427,000 compared to this years $410,000. The October 2006 Median price decreased 15% compared to September’s $482,500.

Arrowhead Woods – October 2006
Homes Sold: 27
Median List Price: $429,900
Median Sold Price: $410,000

Arrowhead Wood – October 2005
Homes Sold: 45
Median List Price: $429,000
Median Sold Price: $427,000

Arrowhead Woods – September 2006
Homes Sold: 29
Median List Price: $499,000
Median Sold Price: $482,500


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 16.7% this October compared to this time last year. 18 homes sold in the Surrounding Communities of Lake Arrowhead during October 2005 and 15 sold in October 2006. Home prices are up 14.7% this year from last. The median price of a home sold last year was $222,333 compared to this years $255,000. The October 2006 median price increased 7.8% compared to September’s $236,500.

Surrounding Communities - October 2006
Homes Sold: 15
Median List Price: $262,500
Median Sold Price: $255,000

Surrounding Communities - October 2005
Homes Sold: 18
Median List Price: $227,967
Median Sold Price: $222,333

Surrounding Communities – September 2006
Homes Sold: 8
Median List Price: $239,000
Median Sold Price: $236,500


Crestline
Home sales are down 20.8% this October compared to this time last year. 24 homes sold in the Crestline area during October 2005 and 19 sold in October 2006. Home prices have decreased by .29%. The median price of a home sold last year in October was $250,733 compared to this years $250,000. The October 2006 Median price decreased 5% compared to September’s $263,250.

Crestline – October 2006
Homes Sold: 19
Median List Price: $269,900
Median Sold Price: $250,000

Crestline - October 2005
Homes Sold: 24
Median List Price: $256,633
Median Sold Price: $250,733

Crestline – September 2006
Homes Sold: 14
Median List Price: $267,450
Median Sold Price: $263,250


Running Springs

Sales have decreased by 75% this October compared to this time last year. 28 homes sold in the Running Springs area during October 2005 and 7 sold in October 2006. Home prices increased by 5.3% this October compared to October 2005. The median price of a home sold last October was $230,667 compared to this years $243,000. The October 2006 Median price decreased 8.8% compared to September’s $266,500.

Running Springs – October 2006
Homes Sold: 7
Median List Price: $246,000
Median Sold Price: $243,000

Running Springs – October 2005
Homes Sold: 28
Median List Price: $234,667
Median Sold Price: $230,667

Running Springs – September 2006
Homes Sold: 18
Median List Price: $272,400
Median Sold Price: $266,500

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