Below are some "fast facts" and comments about real estate activity on the mountain, and California. This information is taken from our local MLS (Multiple Listing Service), and C.A.R. Updates. For more detailed information, market history, individual market activity and graphs, please visit our "Market Stats" page. Also, visit the Mortgage Market page for updates on what is going on in the financials. **************************************************
The following chart shows all single family home listed for sale in Lake Arrowhead according to the Rim Association of Realtors on April 1, 2010.
If you need real estate related services, please don't hesitate to send me an email at Jim@LakeArrowheadAgents.com, or call the office 909.336.7981.
The following chart shows all single family home sales on the mountain reported to the Rim Association of Realtors for January and February 2010.
Serious sellers and buyers choose Coldwell Banker Sky Ridge Realty for quality representation. If you need real estate related services, please don't hesitate to send me an email at Jim@LakeArrowheadAgents.com or call the office 909.336.7981.
Listings
Buyer
Total
Firm
Sales
Sales
Sales
Coldwell Banker Sky Ridge
32
19
51
Capre
14
16
30
Prudential California
9
7
16
Mountain Top Producers
4
6
10
Lynne B. Wilson and Assoc.
4
4
8
Mountain Country Realty
2
6
8
Out of Area Broker
0
8
8
Exit Realty on the Mountain
2
2
4
Prime Properties
2
2
4
Sothebys
3
0
3
Century 21 Bonnie Blue
2
1
3
The Parkinson Group
2
1
3
Windermere Lake Arrowhead
1
2
3
Keller Williams Realty
2
0
2
Shear Realty
2
0
2
Team Advantage
2
0
2
Bibby Realty
0
2
2
Gregg Grant Broker
0
2
2
Lakeview Realty
0
2
2
Remax Lakeside
0
1
1
Cozy Cabins
1
0
1
ERA Bruin Trojan
1
0
1
Key Asset Solultions
1
0
1
Mountain Cabini Realty
1
0
1
Secure Heritage
1
0
1
Century 21 San Moritz
0
1
1
Coldwell Banker Running Springs
0
1
1
Glenn Tinturin Broker
0
1
1
Green Valley Lake Realty
0
1
1
Kimberly Barr
0
1
1
KMG Realty
0
1
1
Welcome Home Realty
0
1
1
Total Sales
88
88
176
******************************************************************* Mountian Home Sales Up 2% Year to Date vs. 2008 Same Period
The following chart shows all single family home sales from January 1, 2009 to July 27, 2009 vs. the same time period in 2008 as reported to the Rim Association of Realtors
The following chart shows single family homes reported as under contract to Rim Association of Realtors as of February 5, 2009. The percentages define what portion of each market sector are foreclosure properties.
Area
Pending
Bank Owned
Percentage
Arrowbear
4
4
100%
Arrowhead Villas
5
5
100%
Arrowhead Woods
21
6
29%
Crestline
30
17
57%
Deer Lodge Park
1
1
100%
Green Valley Lake
2
1
50%
Lake Front
1
0
0%
OOA
22
22
100%
Running Springs
10
6
60%
Sky Forest
1
0
0%
Twin Peaks/Blue Jay
8
6
75%
Total
105
68
65%
******************************************************************************* "Despite the difficult headlines regarding our overall economy, the residential real estate market has been showing several positive signs over recent months that could be signaling a tipping point," said Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate LLC. "Because of higher inventory, buyers have more homes to choose from and they can take advantage of near historically low interest rates and affordability levels that are the best they have been in years.The recent housing and economic recovery legislation also provides first-time homebuyers with the added incentive of a $7,500 tax credit.
"Yet our research and discussions with our brokers and sales associates shows that in many markets sellers remain reluctant to list their homes at the proper prices necessary to attract buyers," continued Gillespie."It´s our hope that the Coldwell Banker 10-Day Sales Event will move buyers off the sidelines and into the market.We are embarking on this initiative ? which has never been done before on a national basis ? because we believe it is critical for Coldwell Banker, as an industry leader, to help serve the needs of those individuals listing homes with a Coldwell Banker broker and to help move the U.S. real estate market in the right direction."
In a recent survey of 3,379 Coldwell Banker real estate professionals in markets across the United States, 56 percent said that listing prices in their market remain above where they need to be to attract qualified buyers.Additional findings from the survey include:
77 percent agreed that the majority of sellers in their market still have unrealistic expectations regarding the initial listing price for their homes
79 percent agreed that homes in their market that are priced appropriately are attracting more buyers and moving more quickly
76 percent feel that a 10 percent or less reduction in listing prices in their area is all it will take to help push these homes over the "tipping point" to a sale
"Our brokers and sales associates agreed that, even in the current climate, it will not take much movement to attract those buyers who have been watching and waiting," noted Gillespie."Depending on the market, a price reduction of just 10 percent or less just may make the difference in both satisfying sellers and bringing buyers to the table." ******************************************************
C.A.R. (California Association of Realtors) Update 9-25-8 ECONOMISTS PREDICT HOME PRICES TO STABILIZE IN 2009, BUT ECONOMIC WOES TO CONTINUE Home prices in California are expected to stabilize next year, but the state's economic woes will continue, due to rising unemployment, declining consumer spending, and other factors, according to the latest UCLA Anderson Forecast released Wednesday. In addition, the forecast says that, while the national economy is still not technically in a recession, several converging economic soft spots make it vulnerable to one going forward, and have put the economy in what it calls "stalled" status.
"What we are describing is an economy operating at its 'stall speed,' where any modest shock can trigger a full-blown recession," said UCLA Anderson Forecast Senior Economist David Shulman.
UCLA's analysis predicts a weaker economy for California than the U.S. as a whole in 2009, due to very sluggish home construction levels and related unemployment activity over the last year.
"We can expect 'doldrums' to be the operative word describing the California economy over the next 18 to 24 months," said Jerry Nickelsburg, UCLA economist and co-author of the report. Government layoffs and job losses, he said, will offset any benefits coming from the stabilization of real estate prices.
The following chart shows all single family home sales in LakeArrowhead for the last 90 days as of September 1, 2008 according to the Rim Association of Realtors. Each company is listed that had a sale where they represented a seller and the companies market share for this period.
Firm
Listings Sold
Market Share
Coldwell Banker Sky Ridge Realty
27
38%
RemaxLake Arrowhead
14
19%
Century 21 High Country
13
18%
Prudential
8
11%
ERA Bruin Trojan
2
3%
Windermere
2
3%
Bob French
1
1%
Lakeview
1
1%
Mountain Country Realty
1
1%
Mountain Top Producers
1
1%
The Parkinson Group
1
1%
Sothebys
1
1%
Lynne B. Wilson
0
0%
Total Listings Sold
72
The following chart shows all single family home sales reported to Rim Association of Realtors for the last 90 days as of August 8, 2008.
Area
# of Sales
% of Market
Arrowbear
5
2%
Arrowhead Villas
18
8%
Arrowhead Woods
63
29%
Cedar Glen
1
0%
Crestline
43
20%
GreenValleyLake
9
4%
Lakefront
6
3%
Out of Area
29
13%
Running Springs
31
14%
Sky Forest/Crest Estates
5
2%
Twin Peaks/Blue Jay/RimForest
10
5%
Total Sales
220
The following chart shows all single family home sales in LakeArrowhead for the last 90 days as of August 8, 2008 according to the Rim Association of Realtors. Of the 69 buyers, 29 of them worked with Coldwell Banker Sky Ridge Realty when purchasing their Lake Arrowhead Home. Each company is listed that had a sale where they represented a buyer and the companies market share for this period.
Coldwell Banker Sky Ridge Realty works with more buyers in the Lake Arrowhead Market than any other company.