Lake Arrowhead Real Estate Market Report for January 2007

Arrowhead Woods
Home sales are down 34.6% this January compared to this time last year. 26 homes sold in the Arrowhead Woods during January 2006 and 17 sold in January 2007. Home prices have decreased 18.2% this January from last January. The median price of a home sold last year was $459,583 compared to this years $376,000. The January 2007 Median price decreased 8.8% compared to December’s $412,500.

Arrowhead Woods – January 2007
Homes Sold: 17
Median List Price: $399,000
Median Sold Price: $376,000

Arrowhead Wood – January 2006
Homes Sold: 26
Median List Price: $474,633
Median Sold Price: $459,833

Arrowhead Woods – December 2006
Homes Sold: 32
Median List Price: $429,000
Median Sold Price: $412,500

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 42.1% this January compared to this time last year. 19 homes sold in the Surrounding Communities of Lake Arrowhead during January 2006 and 11 sold in January 2007. Home prices are up 43.8% this year from last. The median price of a home sold last year was $232,900 compared to this years $335,000. The January 2007 median price increased 40.2% compared to December’s $239,000.

Surrounding Communities - January 2007
Homes Sold: 11
Median List Price: $339,000
Median Sold Price: $335,000

Surrounding Communities – January 2006
Homes Sold: 19
Median List Price: $249,000
Median Sold Price: $232,900

Surrounding Communities – December 2006
Homes Sold: 14
Median List Price: $249,000
Median Sold Price: $239,000

Crestline
Home sales are down 77.7% this January compared to this time last year. 13 homes sold in the Crestline area during January 2006 and 3 sold in January 2007. Home prices have increased by 1.7%. The median price of a home sold last year in January was $285,000 compared to this years $290,000. The January 2007 Median price increased 33.6% compared to December’s $217,000.

Crestline – January 2007
Homes Sold: 3
Median List Price: $295,000
Median Sold Price: $290,000

Crestline - January 2006
Homes Sold: 13
Median List Price: $289,900
Median Sold Price: $285,000

Crestline – December 2006
Homes Sold: 19
Median List Price: $239,000
Median Sold Price: $217,000

Running Springs
Sales have remained the same this January compared to this time last year. 10 homes sold in the Running Springs area during January 2006 and 10 sold in January 2007. Home prices increased by 11.4% this January compared to January 2006. The median price of a home sold last January was $250,833compared to this years $279,500. The January 2007 Median price increased 7.5% compared to December’s $260,000.

Running Springs – January 2007
Homes Sold: 10
Median List Price: $291,300
Median Sold Price: $279,500

Running Springs – January 2006
Homes Sold: 10
Median List Price: $267,667
Median Sold Price: $250,833

Running Springs – December 2006
Homes Sold: 18
Median List Price: $275,000
Median Sold Price: $260,000

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.