Is Home Price Appreciation Accelerating Again?
Arrowhead Woods prices are climbing as is the entire nation. Arrowhead Woods first quarter median price was $580,000, not an exciting rise, though steadily upward from 2020. We could attribute the more modest increase to typical winter / snow weather for our mile high private lake. April 2021 however, with the smallest home inventory ever, 72 homes, shot up to 47 sales in 35 days with the price roaring up to a median of $720,000…a 24% rise. Can this really continue? The window for committed sellers has no precedent here in the mountains.
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You've been waiting for something to change before you buy. It just might not be the thing you expected…
While everyone’s paying attention to mortgage rates, only the savviest buyers know that the changing season in Lake Arrowhead can start tipping things in their favor.
You're scrolling through listings on your phone and everything looks good until you see the price (or the estimated monthly payment). Then you close the app. Why?
You may have heard the number of homes for sale isn’t growing like it was.
Ask around and almost every homebuyer out there wants to know if there’s a way to get a better deal. And just about every seller wants to know if they'll still get top dollar.
Imagine waiting a year to buy a home, only to find mortgage rates haven't changed much. That may sound frustrating. But it's a real possibility.
After more than a year of headlines talking about how home prices are going to crash, the latest data shows that price growth may be starting to pick back up again.
