Kathy "Kat" DeLong, Realtor. Dre#01235311
Lake Arrowhead, CA
Single-Family Homes
909-273-4542 | kdlakearrowheadkat@gmail.com
Lake Arrowhead, CA
Thu Sep 20 2018
This week the median list price for Lake Arrowhead, CA is $542,499 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 308.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $542,499 | |
| Per Square Foot | $235 | |
| Days on Market | 157 | |
| Price Decreased | 44% | |
| Price Increased | 1% | |
| Relisted | 4% | |
| Inventory | 308 | |
| Median House Rent | $2,248 | |
| Most Expensive | $14,250,000 | |
| Least Expensive | $63,000 | |
|
Market Action Index
Slight Buyer's Advantage |
27 |
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,585,000 | 4,054 | 0.25 - 0.5 acre | 5 | 4 | 30 | 1 | 2 | 254 |
| $649,500 | 2,958 | 0.25 - 0.5 acre | 4 | 3 | 30 | 4 | 5 | 172 |
| $469,000 | 2,088 | 8,000 - 10,000 sqft | 3 | 2 | 37 | 7 | 8 | 114 |
| $338,800 | 1,597 | 8,000 - 10,000 sqft | 3 | 2 | 42 | 6 | 14 | 90 |