Lake Arrowhead Real Estate Market Report for November 2006

Arrowhead Woods
Home sales are down 32.7% this November compared to this time last year. 55 homes sold in the Arrowhead Woods during November 2005 and 37 sold in November 2006. Home prices have increased 14.3% this November from last November. The median price of a home sold last year was $420,000 compared to this years $480,000. The November 2006 Median price increased 17.1% compared to October’s $410,000.

Arrowhead Woods – November 2006
Homes Sold: 37
Median List Price: $499,000
Median Sold Price: $480,000

Arrowhead Wood – November 2005
Homes Sold: 55
Median List Price: $419,000
Median Sold Price: $420,000

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


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 28% this November compared to this time last year. 25 homes sold in the Surrounding Communities of Lake Arrowhead during November 2005 and 18 sold in November 2006. Home prices are up 20.1% this year from last. The median price of a home sold last year was $207,900 compared to this years $249,667. The November 2006 median price decreased 2.1% compared to October’s $255,000.

Surrounding Communities - November 2006
Homes Sold: 18
Median List Price: $266,000
Median Sold Price: $249,667

Surrounding Communities – November 2005
Homes Sold: 25
Median List Price: $207,900
Median Sold Price: $207,900

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


Crestline
Home sales are down 45.5% this November compared to this time last year. 22 homes sold in the Crestline area during November 2005 and 12 sold in November 2006. Home prices have decreased by 11.8%. The median price of a home sold last year in November was $256,000 compared to this years $225,833. The November 2006 Median price decreased 9.7% compared to October’s $250,000.

Crestline – November 2006
Homes Sold: 12
Median List Price: $244,600
Median Sold Price: $225,833

Crestline - November 2005
Homes Sold: 22
Median List Price: $270,633
Median Sold Price: $256,000

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


Running Springs
Sales have decreased by 44.4% this November compared to this time last year. 18 homes sold in the Running Springs area during November 2005 and 10 sold in November 2006. Home prices decreased by 3.1% this November compared to November 2005. The median price of a home sold last November was $250,000 compared to this years $242,250. The November 2006 Median price decreased .31% compared to October’s $243,000.

Running Springs – November 2006
Homes Sold: 10
Median List Price: $254,700
Median Sold Price: $242,250

Running Springs – November 2005
Homes Sold: 18
Median List Price: $256,267
Median Sold Price: $250,000

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


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.