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.
RECENT POSTS:
You've probably heard the Federal Reserve (the Fed) is raising rates again. And if you're planning to buy or sell a house, you may be wondering what that means for you.
Higher mortgage rates don't just affect buyers. They can change what it takes to sell your house, too.
If you're trying to buy a home, affordability is probably what keeps you up at night. And as you watch mortgage rates tick up again lately, it’s fair to wonder if you should just hit pause and wait for them to go down.
Selling your house in Lake Arrowhead this fall is absolutely doable. But there’s something you need to know about this time of year.
Ask a couple people how the housing market is doing and you’ll probably get a couple different answers. That’s because right now, the market runs on 2 very different tracks, split by price point.
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.
