In the first six months of 2014, prices have risen an extraordinary 20.6% in Arrowhead Woods above the first six months of 2013. At the same time sales dropped 18.5%, the economic reality or rising prices typically reducing sales – which happened in our ‘bubble’ rise and fall.
More good news is, Inventory is up to 388 homes for sale, near normal.
This may seem counterintuitive, but a resort, Lake Arrowhead, doesn’t always follow the rules, as our home buyers do not ‘need’ a vacation home, thus lots of choices should bring more buyers. However,prices could flatten.
The perspective is a ‘sustained recovery – in a rising economy’