August is near always the best month of the year for Arrowhead Woods sales and prices. We’re thrilled with a 10% one month rise in the median price to $432,500. The last time we were in this rare air was seven year ago, summer 2007.
This year, sales dropped from 42 homes sold in July to 35 in August. September is almost as strong as August so we’ll have to wait to see if sales are weakening or just a blip as sometimes happens in this resort of Lake Arrowhead.
The 8 month reports of 2015 over 2014 is solid base building for this market.
The blue box shows a 3% median price rise year over year; a way to go for the velocity of downhill price trends; but August $432,500 is still a WOW.
ARROWHEAD WOODS AUGUST 2015 35 SALES $432,500 MEDIAN PRICE
NEXT WEEK IS 24 MONTH STREET BY STREET SALES.
1. QUESTIONS: Call 909-496-8200. 2. SUGGESTIONS, IDEA: Send an email. 3. Add a friend’s email and share the joy. 4. ADVICE? Call Bob.