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As we begin the second half of the year and head into our summer selling season, it's important to look back to see how the high-end home marketplace has reacted to our current economy here in Lake Arrowhad.

First let's take a look at our current inventory of homes at or above $1,000,000 actively on the market:

  • Mountain-wide:        101 Active Listings
  • Arrowhead Woods:    57 Active Listings with a Median Price of $1,350,000
  • Lakefront Homes:      37 Active Listings with a Median Price of $3,150,000

Breaking this down even further, we see in:

  • Arrowhead Woods between $1,000,000 - $3,000,000: 56 Active Listings
    • Above $3,000,000: 1 Active Listing ($3,995,000 - which just so happens to be the best deal on the mountain today!)
  • Lakefront Homes between $1,000,000 - $3,000,000: 18 Active Listings
    • Between $3,000,000 - $6,000,000: 13 Active Listings
    • Above $6,000,000: 6 Active Listings

Now, let's look at the real world. What actually sold withing the past 90 days in the same high-end marrket:

  • Mountain wide: 6 with a Median Value of $1,745,000
  • Arrowhead Woods: 1 at $920,000
  • Lakefront Homes: 5 with a Median Value of $1,990,000

Putting all these numbers together, we can draw a conclusion that, at its current rate of sales, Lake Arrowhead currently has about 50 months of inventory available in the high-end market. This makes it a perfect buyers' market. With lots of inventory to choose from, and interest rates again at an all-time low, now is the time to buy a home in Lake Arrowhead.

For more information, contact Glenn Tinturin today at 909-336-6733 or via the contact page on this website.