Holly Galligan

This lakefront just sold today!

Another high-end home listed and sold by Coldwell Banker Sky Ridge Realty. See the info here:

RES Client 4-Up Sold

Also, see the stats from my broker's blog at:

http://www.mountainupdate.com/wwwmountainupdatecom/2009/10/lake-arrowhead-lakefront-home-sales-update

I showed this house a few times and LOVED it. It is so charming and there is such care in every detail of the property. I'm sure the new owners will be very pleased with this purchase.

Holly Galligan
Coldwell Banker SRR
Cell: 909-838-8715
Lic#01435203

Data pulled from Rim O' the World MLS 10/7/09

Currently there are 10 Bank owned homes with Lake Rights - in Arrowhead Woods - on the market. Banks must sell these homes, they cannot keep them and will drop prices until each home is sold. There are deals to be had here in Lake Arrowhead, to view these 10 homes, click here:

Holly's Top 10

To see these homes or others in the area, give me a call. This Saturday should be a cool 70 degrees. The leaves are starting to change color and the lake couldn't look better.

Holly Galligan
Coldwell Banker Sky Ridge Realty
direct:909-336-7937
cell: 909-838-8715
fax: 909-336-2400
jhgalligan@msn.com
http://www.thearrowheadlife.com
DRE license #01435203

4 Sales ~ Sale price range $925,000 - $4,250,000 ~ Median sales price $1,225,000 ~ Average DOM: 122

4 Sales ~ Sale price range $925,000 - $4,250,000 ~ Median sales price $1,225,000 ~ Average DOM: 122

Lakefronts have been lingering on the market and many sellers elect to take their homes off of the market rather than reduce their price. Reductions have been coming on some, but slowly. Currently there are 48 active Lakefronts on the market (one is a percentage ownership, so really 47). You can view them by clicking here: Holly's Report

Lakefronts are available starting at $779,000. A great time to jump into this Luxury Home market.

Holly Galligan Coldwell Banker Sky Ridge Realty direct:909-336-7937 cell: 909-838-8715 jhgalligan@msn.com http://www.thearrowheadlife.com DRE license #01435203

Market info and current home link gathered from Rim O' the World MLS 10/7/07.

Crestline/Lake Gregory Home sales in the past 90 days...

53 Sales

$29,161-$453,000

Median sales price: $127,000 (at 96% of list price)

Average Days on Market 65

29 of the 53 were bank owned, 55% of the sales being REO is down from the previous 90 days at 68% REO when the median price was $129,500.

Hopefully the prices will continue to stabalize and the REO sales will stop driving the prices down. There are currently 16 active bank owned properties in Crestline, still plenty of opportunity to buy a dream cabin at a fraction of the cost.

According to CAR (http://www.car.org/newsstand/newsreleases/augustsalesandprice/) "The statewide median price of an existing single-family home increased 2.6 percent in August to $292,960, compared with July 2009."

With Lake Gregory coming in at 44% of the average home in California, I'd say there's never been a better time to buy! Come up for some fresh air!

Holly Galligan Coldwell Banker Sky Ridge Realty direct:909-336-7937 cell: 909-838-8715 jhgalligan@msn.com http://www.thearrowheadlife.com DRE license #01435203

Statistics data gathered from Rim O' the World MLS 10/7/09. Photo courtesy of cityofcrestline.com

28 Homes Sold in RS in the past 90 days

28 Sales

$28,000 - $350,000

Median price $ 130,950 (at 95% of list price)

Average days on market: 131

An interesting note is that 15 of the 28 were bank owned.

54% of the sales being bank owned, this is down from the previous 90 days where 63% of the sales were bank owned and the median price was $127,500.

Hopefully this means the prices are stabalizing in Running Springs. We'll see what happens over the next 90 days.

This photo was taken on a trip back to Lake Arrowhead from Smiley Park along Hwy 18 just near the Transfer station. Love the many differnt colors. Every day is a gift!

Holly Galligan Coldwell Banker Sky Ridge Realty direct:909-336-7937 cell: 909-838-8715 jhgalligan@msn.com http://www.thearrowheadlife.com DRE license #01435203

Info taken from Rim O' the World MLS 10/7/09