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Lake Arrowhead Real Estate Market Trends – California

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Lake Arrowhead Real Estate Market Conditions and Trends

Homes for Sale > Real Estate Market > California Real Estate Market > Lake Arrowhead Real Estate Market

Spring 2012 Market Update There certainly seems to be increased buyer interest and activity. As we move into spring asn summer, now is the time for Buyers to take advantage of the good inventory of homes from which to choose. So, come up now and get your mountain home so you have it in time for summer, whether for full time or vacation use. Call or email Glenn Tinturin today.
Average Home Price	$475,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	More than 120 days

Best Selling Price Range	$350,000 - $399,000

Worst Selling Price Range	$700,000 - $749,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in Lake Arrowhead is	Increasing

Seller Activity for the past 90 days in Lake Arrowhead is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	The properly priced homes are seeing multiple offers and are snapped up within a day or two. The thing to know is, do not try to low-ball a seller, even on bank foreclosures. Those days are gone. Also, if you are really serious about purchasing a home, then you must be mentally prepared to take immediate action as soon as you find the right home for yourself.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	10-15%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Be sure to get Pre-Approved before going out to look for a home. Sellers are now requiring Pre-Approval letters to be submitted together with all offers, especially for forclosure and short-sale properties. If you do not have a local lender, please give me a call and I’ll be happy to refer one to you. This is extremely important. You want to use a lender from the Lake Arrowhead area who can guarantee you that they will use only appraisers who are intimately familiar with our very unique mountain area. This is a must if you want as smooth a transaction as possible. Call or email me for a referral. Also, if you are a cash buyer, you must have Proof of Funds ready to submit with your offer. This can be a copy of your bank statement, brokerage account, or a letter from your business or financial manager stating you have the necessary liquid assets available to close this transaction.

Housing Inventory	Limited Supply

Inventory Comments	Our inventory is tightening up. Buyers still have plenty from which to choose. However, since most of our homes are custom, there may be only one that is just right for you.

Greatest Activity	Investors

Reason to Buy/Sell	When you buy a home in Lake Arrowhead CA, you get much more than a house -- you get a lifestyle. Lake Arrowhead is a resort community a mile high in the San Bernardino Mountains of Southern California. Only an hour and a half drive from Los Angeles and an hour from Palm Springs, it is an ideal place to dash off to for a weekend, a week, or a lifetime. You can easily get away from it all. And, you can just as easily play an active role in our community, with plenty of organizations for which to volunteer.

Nearest Metro Area	San Bernardino / Redlands

Housing Hot Spots	Arrowhead Woods, Lakefront homes, Cedar Ridge Estates. For lower priced properties, Arrowhead Villas, Twin Peaks, Cedar Glen, Crestline, and Running Springs have been very active.

Average Sold Price	$475,000 - View Graph Trend

Lake Arrowhead Local News

News for Lake Arrowhead, CA - September 16th, 2011 3:27pm
Spring in Lake Arrowhead is a beautiful time with flowers blooming and the leaves coming back to the trees. A nice surprise this year is seeing the buyers coming back, too, in droves! I even listed and sold a home on the same day! That hasn't happened in a while. Whether you pay cash or get a loan, the prices are certainly terrific. And, as a friend of mine says, the best time to buy is when you find the home you love! Don't wait, because it won't likely be available in another six months. So, come on up to Lake Arrowhead today, look around, and get yourself that mountain home now so that you have it in time for summer. Give me a call to arrange an appointment, Glenn Tinturin, 909.336.6733.

News for Lake Arrowhead, CA - June 15th, 2011 9:32pm
Summertime, Summertime, Sum- Sum- Summertime! Yes, it is here in full force, and it's gorgeous, warm, and sunny. The flowers are blooming, the boats and people are on the lake, and everbody has a smile on their face. Of course, that is the Lake Arrowhead way - just be happy! And you know what? That's is being reflected in the real estate market, too!

News for Lake Arrowhead, CA - April 20th, 2011 5:52pm
Spring is here, the flowers are blooming, and the birds are singing. Oh, Lake Arrowhead is such a beautiful place. And, even though all the snow has melted, we locals know that we shouldn't really plant any new flowers until after mothers' day because we can get another snow just to keep us on our toes. Besides the flowers, the real estate market is growing, too. This is the time for more listings to come on to the market in anticipation of more buyers coming to visit our beautiful resort. And, yes, it is happening.

News for Lake Arrowhead, CA - December 22nd, 2010 6:33pm
Well, winter is here in full force. As I sit her writing this on December 22, 2010, it is raining and hailing like crazy. No snow here,though. But it is falling at the ski resorts, and Bear Mountain and Snow Summit plan to open tomorrow with holiday rates in effect, and access will only be available via Hwy. 18 from the "back" way due to mud slide between Running Springs and Snow Valley.

So much for the weather report. Real estate is active and it is definitely a buyer's market here in Lake Arrowhead. Most homes are prices very competitively and are moving in a relatively reasonable period of time, with a median list price to sale price of 96%.

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Glenn Tinturin

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Mortgage Rates

– May 19th, 2012 –
---------------------------------

30 yr. fixed rate: 3.73%
15 yr. fixed rate: 3.03%
30 yr. jumbo rate: 4.39%
15 yr. jumbo rate: 3.60%

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Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)

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