| Luxury Homes in Arrowhead Woods Offer the Most Competitive prices in years.
3 Reasons to buy Luxury Property in Lake Arrowhead THIS Year
The housing market is hot, with prices rising as demand far outpaces supply in almost every region of Southern California and the nation. However, when it comes to luxury real estate, things are quite different. In the upper-end market, inventory is plentiful in most locations as it is here in Arrowhead Woods.
For that reason, prices haven’t skyrocketed as they have in the lower and mid-tier markets. This, coupled with sensational mortgage rates, means that this may be the perfect time to purchase the luxury property you have always desired.
Let’s break it down into the three major reasons to act now:
1. There are more homes from which to choose
According to a recent Lake Arrowhead Living.com real estate web site, inventory in the upper end is increasing, while it is decreasing at the lower and mid-tier price ranges. At this time Arrowhead Woods has 64 homes for sale over $1 million dollar. We have estates in the Woods as well as lake fronts as you can see in the area map. All have lake rights.
2. Prices are becoming more reasonable
In a separate article another publication talked about prices in the luxury market, explaining that downward price adjustments have been more common in the luxury market than in markets with lower prices, a match to the pattern here on the mountain.
The growing number of price cuts suggests luxury-home sellers are savvy that more realistic pricing is likely to move their sale more quickly than typical ‘hold the line, I can wait’. In coming months we will go through wrenching political changes. Time does count.
Studying our market, not only will you have more to choose from, but you may be negotiating with a more market driven homeowner… where time is as important as price.
64 LUXURY HOMES FOR SALE IN ARROWHEAD WOODS, a mile closer to heaven.
3. Mortgage rates are at historic lows
In the past, one of the drawbacks to purchasing a luxury property was the larger mortgage rate on “jumbo” loans which are often required on high end properties. However, HSH.com just revealed that jumbo rates just set new record lows:
“While conforming fixed-rate mortgages eased a little this week, 30-year fixed-rate jumbos declined enough to break into new record low territory (3.66%), besting the previous low set in April by two basis points.”
More choices, better prices and historically low mortgage rates may make this the perfect time for you to own a Lake Arrowhead luxury property you and your family have always fantasized about.
Enjoy our web site www.LakeArrowheadLiving.com
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