Lake Arrowhead Has Strong Start For 2 Months. Sales Up 10%, Prices Up 8%
Sales rose 10% with prices gaining 8%, despite the lowest inventory in 40 years. We have 176 homes for sale in Arrowhead Woods, about the same as last year. Since the ‘70s we have had very few months with inventories below 200 home listed. Our community is 75% vacation homes plus see-saw winter weather so we are not likely to move this resort at the same pace as the nation. The National Association of Realtors said “due to the good economic backdrop and exceptionally low mortgage rates, national sales are now a healthy 18% higher than a year ago”.
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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.
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.
