Lake Arrowhead Real Estate Market Report for December 2006

Arrowhead Woods
Home sales are down 25.6% this December compared to this time last year. 43 homes sold in the Arrowhead Woods during December 2005 and 32 sold in December 2006. Home prices have decreased 12.2% this December from last December. The median price of a home sold last year was $470,000 compared to this years $412,500. The December 2006 Median price decreased 14.1% compared to November’s $480,000.

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

Arrowhead Wood – December 2005
Homes Sold: 43
Median List Price: $474,000
Median Sold Price: $470,000

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


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 36.4% this December compared to this time last year. 22 homes sold in the Surrounding Communities of Lake Arrowhead during December 2005 and 14 sold in December 2006. Home prices are down 4% this year from last. The median price of a home sold last year was $249,000 compared to this years $239,000. The December 2006 median price decreased 4.3% compared to November’s $249,669.

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

Surrounding Communities – December 2005
Homes Sold: 22
Median List Price: $249,000
Median Sold Price: $249,000

Surrounding Communities – November 2006
Homes Sold: 18
Median List Price: $266,000
Median Sold Price: $249,669


Crestline
Home sales are down 13.6% this December compared to this time last year. 22 homes sold in the Crestline area during December 2005 and 19 sold in December 2006. Home prices have decreased by 5.6%. The median price of a home sold last year in December was $229,900 compared to this years $217,000. The December 2006 Median price decreased 3.9% compared to November’s $225,833.

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

Crestline - December 2005
Homes Sold: 22
Median List Price: $234,500
Median Sold Price: $229,900

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


Running Springs
Sales have decreased by 14.3% this December compared to this time last year. 21 homes sold in the Running Springs area during December 2005 and 18 sold in December 2006. Home prices increased by 13.5% this December compared to December 2005. The median price of a home sold last December was $229,000 compared to this years $260,000. The December 2006 Median price increased 7.3% compared to November’s $242,250.

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

Running Springs – December 2005
Homes Sold: 21
Median List Price: $239,000
Median Sold Price: $229,000

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


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.