Steven Keefe, Broker/Owner
www.mountainmoves.com
steve@mountainupdate.com
909.744.7690
Almost every day at least 3 times per day I am asked this question.... "How is the market?" Good question, often there isn't a simple answer to this very simple question. Some Realtors will answer "Fantastic" or "Super". I guess its part of their training, but it hardly instills any level of credibility.
The answer is that there is no single answer to when a person should take action. Are you a buyer or a seller? If you are the latter... do you have any equity, or is there a reason why you need to move? Are you looking to buy a fixer upper, entry level home, or million dollar mansion? What neighborhoodare you most interested in? Is it a primary residence, or an investment property? Are you moving up or down? I could go on and on.
The number one rule is that the real estate market is "Local". National media is projecting a lot of good news in the real estate market. Locally, we are experiencing some of the same as the rest of the country.
In 2012 we experienced an 11% increase in the number of home sales over the previous year as did the rest of the country. Values remained stable reversing a trend of up to double digit declines in value over the last 5 years. This is a good sign. Nationally some experts are forecasting significant increases in median price what we should expect on the mountain is a modest 3-4R% increase.
We are experiencing as the rest of the Country is a shortage in inventory; however, our shortage is not as sever as is being reported in many other Southern California markets. Certain price ranges are feeling the pinch where others there is a lot of available inventory.
We have seen a sharp decline in the number of bank owned (REO) properties. As the availabilty of distressed properties narrows, we will see a higher percentage of "regular" sales which will in turn also drive up values. We have another 2-3 years of pent up inventory for the distressed sales.
There is a trend developing locally that homes that come on the market are selling quickly, sometimes within the first 30 days, while others languish on the market for extended periods of time. This primarily has to do with pricing. If a home is priced correctly in the market, it will sell. If it isn't, buyers are moving on to the property that is priced correctly.
The good news for us is that the market is showing signs of more transactions, we will see some modest increases in values this year so we are on the right track.
April 01, 2013
February 05, 2013
2012 Home Sales Recap Lake Arrowhead
Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty 
www.mountainmoves.com
steve@mountainupdate.com
909.744.7690
The following chart shows all single family home sales in the Lake Arrowhead market reported as sold to the Rim Association of Realtors for the calendar year 2012. Serious sellers list their property with a company that gets results. That company is Coldwell Banker Sky Ridge Realty. If you are a homeowner needing the assistance of a professional nationally recognized firm don't hesitate to contact Coldwell Banker Sky Ridge Realty.
Coldwell Banker Sky Ridge Realty sells more homes than anyone on the mountain. In these tough economic times sellers need every advantage possible to obtain the best results. Coldwell Banker Sky Ridge Realty offers those advantages.
| Listings | Market | |
| Firm | Sold | Share |
| Coldwell Banker Sky Ridge | 162 | 42% |
| Capre | 55 | 14% |
| Remax Lakeside | 39 | 10% |
| Lynne B. Wilson and Associates | 21 | 5% |
| Mountain Country | 17 | 4% |
| Prudential California | 17 | 4% |
| Windermere | 16 | 4% |
| Prime Properties | 14 | 4% |
| Out of Area Broker | 7 | 2% |
| Sothebys | 7 | 2% |
| Maxim | 7 | 2% |
| Keller Williams Lake Arrowhead | 5 | 1% |
| Lake Arrowhead Real Estate | 3 | 1% |
| Century 21 Bonnie Blue | 3 | 1% |
| Century 21 Showcase | 3 | 1% |
| ERA Bruin Trojan | 2 | 1% |
| Coldwell Banker Crestline | 2 | 1% |
| Rita Shaw Broker | 2 | 1% |
| Highlander Real Estate | 1 | 0% |
| Mountain Top Producers | 1 | 0% |
| Welcome Home Realty | 1 | 0% |
| Jerry Cobb, Broker | 1 | 0% |
| Plaza One | 1 | 0% |
| Glenn Tinturin Broker | 1 | 0% |
| Total | 388 |
2012 Home Sales Recap Lake Arrowhead
Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty
www.mountainmoves.com
steve@mountainupdate.com
909.744.7690
The following chart shows all single family home sales in the Lake Arrowhead market reported as sold to the Rim Association of Realtors for the calendar year 2012. Serious sellers list their property with a company that gets results. That company is Coldwell Banker Sky Ridge Realty. If you are a homeowner needing the assistance of a professional nationally recognized firm don't hesitate to contact Coldwell Banker Sky Ridge Realty.
Coldwell Banker Sky Ridge Realty sells more homes than anyone on the mountain. In these tough economic times sellers need every advantage possible to obtain the best results. Coldwell Banker Sky Ridge Realty offers those advantages.
| Listings | Market | |
| Firm | Sold | Share |
| Coldwell Banker Sky Ridge | 162 | 42% |
| Capre | 55 | 14% |
| Remax Lakeside | 39 | 10% |
| Lynne B. Wilson and Associates | 21 | 5% |
| Mountain Country | 17 | 4% |
| Prudential California | 17 | 4% |
| Windermere | 16 | 4% |
| Prime Properties | 14 | 4% |
| Out of Area Broker | 7 | 2% |
| Sothebys | 7 | 2% |
| Maxim | 7 | 2% |
| Keller Williams Lake Arrowhead | 5 | 1% |
| Lake Arrowhead Real Estate | 3 | 1% |
| Century 21 Bonnie Blue | 3 | 1% |
| Century 21 Showcase | 3 | 1% |
| ERA Bruin Trojan | 2 | 1% |
| Coldwell Banker Crestline | 2 | 1% |
| Rita Shaw Broker | 2 | 1% |
| Highlander Real Estate | 1 | 0% |
| Mountain Top Producers | 1 | 0% |
| Welcome Home Realty | 1 | 0% |
| Jerry Cobb, Broker | 1 | 0% |
| Plaza One | 1 | 0% |
| Glenn Tinturin Broker | 1 | 0% |
| Total | 388 |
November 21, 2012
Year to Date Home Sales in Lake Arrowhead
Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty
www.mountainmoves.com
steve@mountainupdate.com
909.744.7690
The following chart shows all single family home sales in the Lake Arrowhead market excluding lakefront sales reported as sold to the Rim Association of Realtors for the calendar year 2012 as of November 20, 2012. Serious sellers list their property with a company that gets results. That company is Coldwell Banker Sky Ridge Realty. If you are a homeowner needing the assistance of a professional nationally recognized firm don't hesitate to contact Coldwell Banker Sky Ridge Realty.
Coldwell Banker Sky Ridge Realty sells more homes than anyone on the mountain. In these tough economic times sellers need every advantage possible to obtain the best results. Coldwell Banker Sky Ridge Realty offers those advantages.
| Listings | Market | |
| Firm | Sold | Share |
| Coldwell Banker Sky Ridge Realty |
131 | 40.9% |
| Capre | 44 | 13.8% |
| Remax Lakeside | 33 | 10.3% |
| Prudential California (Center) | 16 | 5.0% |
| Lynne B. Wilson and Associates | 15 | 4.7% |
| Windermere Lake Arrowhead | 14 | 4.4% |
| Mountain Country Realty | 13 | 4.1% |
| Prime Properties | 13 | 4.1% |
| Sothebys | 7 | 2.2% |
| Maxim Realty | 5 | 1.6% |
| Keller Williams Lake Arrowhead | 4 | 1.3% |
| Century 21 Showcase | 3 | 0.9% |
| Lake Arrowhead Realty Company | 3 | 0.9% |
| ERA Bruin Trojan | 2 | 0.6% |
| Century 21 Bonnie Blue | 2 | 0.6% |
| Coldwell Banker Crestline | 2 | 0.6% |
| Kristinna Sellers Broker | 2 | 0.6% |
| Brad Freeman Broker | 1 | 0.3% |
| Glenn Tinturin Broker | 1 | 0.3% |
| Highlander Real Estate | 1 | 0.3% |
| Mountain Top Producers | 1 | 0.3% |
| North Hills Real Estate | 1 | 0.3% |
| Pac West Realty | 1 | 0.3% |
| Patrick Daniali Broker | 1 | 0.3% |
| Plaza One Realty | 1 | 0.3% |
| Rita Shaw Broker | 1 | 0.3% |
| Jerry Cobb Broker | 1 | 0.3% |
| Welcome Home Realty | 1 | 0.3% |
| Total Sales | 320 |
October 31, 2012
Don't Work with a "Fish Out of Water"
Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty
www.mountainmoves.com
steve@mountainupdate.com
909.744.7690
The mountain communities are like an island elevated over 5000 feet in the air. Selling property here on the mountain brings with it many unique and sometimes complicated issues that many agents who are not accustomed to selling here both are unaware of and ill equipped to deal with. These issues can often create lingering liability to buyers, sellers and the real estate providers who are involved in the transaction. The National Association of Realtors Code of Ethics prohibits Brokers and agents to work outside the scope of their expertise for the very reason that they can’t adequately represent a buyer or seller. Despite this, with the advent of the regional MLS system and online marketing agents from outside the fish bowl are more and more representing buyers and sellers in areas where they do not normally work.
Buyers and sellers often are uneducated about the potential pitfalls of working with an agent who is outside their area of expertise. They often don’t realize that working with this agent puts them at a significant dis-advantage prior to the transaction, during the transaction and long after the transaction. There are countless examples of clients who trusted in an agent who should have told them that they were not an expert in a particular area, but didn’t and the client got burned.
As a buyer it is impossible for you to get the best deal on a property unless you are being represented by an agent who is an expert in the area. Your Newport Beach agent does not have a clue how to find you the best property, get you the best deal on it, and protect you from the many pitfalls you will likely encounter in buying mountain property.
As a seller, in today’s market you have an uphill battle. Statistically 1 in 4 homes that are listed on the mountain sell. When we look at the statistics for off the hill brokers, the numbers go to 1 in 8. The odds that your property will not sell are high, they double when you employ someone from Orange County or some other remote location to sell your home. Selling a home is hard work, it isn’t putting the property in the MLS, throwing up a sign and negotiating offers, there is way more that goes into it, and you need an agent who is plugged in to the local market to even give you a chance of selling.
Beware of agents who say they can do a good job for you from a remote location. They can’t. I wouldn’t even consider attempting to represent a client in Newport Beach for all of the reasons I stated above and many more. I would find the best agent in that market and put that client in the hands of a professional who has the expertise to represent that clients interest.
The only reason an agent wouldn’t refer the business to an expert is the commission is more important than the client. Don’t put yourself at risk by working with a fish out of water.
Top 10 Reasons Why People Buy A Home In Lake Arrowhead
Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty
www.mountainmoves.com
steve@mountainupdate.com
909.744.7690
When we sell a home to someone here in Lake Arrowhead we ask
them why…. What follows are the 10 most popular answers to why someone chose to
buy property in Lake Arrowhead.
We wanted
a place for our family to go that wasn’t far from where we live, but is worlds
apart from where we live.
We were looking for a place within a 2 hours
drive where we could retreat from the hustle bustle of our life down the hill.
We came to Lake Arrowhead for a visit and were
totally surprised at what we found.
I have always dreamed of a cabin in the trees.
It reminds me of where I grew up in the East.
I love to spend time in the great outdoors.
I bought my home so I could enjoy golf at Lake
Arrowhead Country Club.
I enjoy water sports and fishing and wanted a
place where I could do that.
I wanted my kids to grow up in a small town type
atmosphere.
I wanted to get away from it all.
Every buyer has their reasons for coming to Lake Arrowhead. If you are reading this and you have
something different, sent me an email to steve@cbskyridge.com
and let me know what it is.
October 25, 2012
This is a classic Lake Arrowhead Lakefront Property. Call me if you would like to schedule an appointment to see it.
90 Days of Home Sales in Lake Arrowhead
Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty
www.mountainmoves.com
steve@mountainupdate.com
909.744.7690
The following chart shows all single family home sales in the Lake Arrowhead market excluding lakefront sales reported as sold to the Rim Association of Realtors for the last 90 days as of October 25, 2012. Serious sellers list their property with a company that gets results. That company is Coldwell Banker Sky Ridge Realty. If you are a homeowner needing the assistance of a professional nationally recognized firm don't hesitate to contact Coldwell Banker Sky Ridge Realty.
Coldwell Banker Sky Ridge Realty sells more homes than anyone on the mountain. In these tough economic times sellers need every advantage possible to obtain the best results. Coldwell Banker Sky Ridge Realty offers those advantages.
| Listings | Buyer | Total | |
| Firm | Sold | Sales | Sales |
| Coldwell Banker Sky Ridge Realty | 46 | 27 | 73 |
| Capre | 11 | 22 | 33 |
| Remax Lakeside | 12 | 12 | 24 |
| Keller Williams | 1 | 10 | 11 |
| Mountain Country | 4 | 6 | 10 |
| Prime Properties | 6 | 4 | 10 |
| Lynne B. Wilson & Assoc. | 4 | 5 | 9 |
| Windermere | 6 | 3 | 9 |
| Out of Area | 0 | 8 | 8 |
| Prudential | 4 | 3 | 7 |
| Sothebys | 3 | 0 | 3 |
| Lake Arrowhead Realty Co. | 2 | 1 | 3 |
| Kristinna Sellers Broker | 1 | 1 | 2 |
| Century 21 Bonnie Blue | 1 | 1 | 2 |
| Maxim | 1 | 1 | 2 |
| Glenn Tinturin Broker | 0 | 2 | 2 |
| Mountain Top Producers | 1 | 0 | 1 |
| ERA Bruin Trojan | 1 | 0 | 1 |
| Century 21 Showcase | 1 | 0 | 1 |
| Pac West Real Estate | 1 | 0 | 1 |
| Total Sales | 106 | 106 | 212 |
90 Days of Home Sales in Running Springs
Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty
www.mountainmoves.com
steve@mountainupdate.com
909.744.7690
The following chart shows all single family home sales in the Running Springs market reported as sold to the Rim Association of Realtors for the last 90 days as of October 25, 2012. Serious sellers list their property with a company that gets results. That company is Coldwell Banker Sky Ridge Realty. If you are a homeowner needing the assistance of a professional nationally recognized firm don't hesitate to contact Coldwell Banker Sky Ridge Realty.
Coldwell Banker Sky Ridge Realty sells more homes than anyone on the mountain. In these tough economic times sellers need every advantage possible to obtain the best results. Coldwell Banker Sky Ridge Realty offers those advantages.
| Listings | Buyer | Total | |
| Firm | Sold | Sales | Sales |
| Coldwell Banker Sky Ridge Realty | 9 | 8 | 17 |
| Mountain Top Producers | 9 | 6 | 15 |
| Capre | 1 | 5 | 6 |
| Out of Area | 1 | 5 | 6 |
| Remax Lakeside | 3 | 1 | 4 |
| ERA Bruin Trojan | 2 | 1 | 3 |
| Sothebys | 3 | 0 | 3 |
| Keller Willaims | 0 | 3 | 3 |
| Coldwell Banker Running Springs | 1 | 1 | 2 |
| Maxim | 2 | 0 | 2 |
| Dan Teeter Broker | 0 | 2 | 2 |
| Lynne B. Wilson and Assoc. | 1 | 0 | 1 |
| Highlander Real Estate | 1 | 0 | 1 |
| Windermere | 1 | 0 | 1 |
| Green Valley Lake Real Estate | 0 | 1 | 1 |
| Mountain Country | 0 | 1 | 1 |
| Total Sales | 34 | 34 | 68 |
October 24, 2012
90 Days of Home Sales in Crestline/Lake Gregory
Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty
www.mountainmoves.com
steve@mountainupdate.com
909.744.7690
The following chart shows all single family home sales in the Crestline/Lake Gregory market reported as sold to the Rim Association of Realtors for the last 90 days as of October 23, 2012. Serious sellers list their property with a company that gets results. That company is Coldwell Banker Sky Ridge Realty. If you are a homeowner needing the assistance of a professional nationally recognized firm don't hesitate to contact Coldwell Banker Sky Ridge Realty.
Coldwell Banker Sky Ridge Realty sells more homes than anyone on the mountain. In these tough economic times sellers need every advantage possible to obtain the best results. Coldwell Banker Sky Ridge Realty offers those advantages.
| Listings | Buyer | Total | |
| Firm | Sold | Sales | Sales |
| Coldwell Banker Sky Ridge Realty | 12 | 6 | 18 |
| Lynne B. Wilson and Assoc. | 5 | 6 | 11 |
| Remax Lakeside | 6 | 4 | 10 |
| Capre | 7 | 2 | 9 |
| Lakeview Realty | 4 | 5 | 9 |
| Prudential California Realty | 3 | 4 | 7 |
| Prime Properties | 1 | 3 | 4 |
| Century 21 San Moritz | 0 | 4 | 4 |
| Out of Area Broker | 0 | 3 | 3 |
| Keller Williams | 1 | 2 | 3 |
| Maxim Real Estate | 3 | 0 | 3 |
| Cozy Cabins | 1 | 2 | 3 |
| Mountain Country Realty | 0 | 2 | 2 |
| Coldwell Banker Running Springs | 1 | 1 | 2 |
| Arrowhead Resort Realty | 1 | 1 | 2 |
| Gregg Grant Broker | 2 | 0 | 2 |
| Lake Arrowhead Real Estate Co. | 0 | 1 | 1 |
| Bibby Realty | 1 | 0 | 1 |
| Crestline Real Estate | 0 | 1 | 1 |
| Waynes Realty | 0 | 1 | 1 |
| Total Sales | 48 | 48 | 96 |
Mountain Real Estate Links
- Request A Mountain Buyers Guide for Free
Fill out our easy online form and one wil be on its way to you.
Recent Posts
- How is the market?
- 2012 Home Sales Recap Lake Arrowhead
- 2012 Home Sales Recap Lake Arrowhead
- Year to Date Home Sales in Lake Arrowhead
- Don't Work with a "Fish Out of Water"
- Top 10 Reasons Why People Buy A Home In Lake Arrowhead
- This is a classic Lake
- 90 Days of Home Sales in Lake Arrowhead
- 90 Days of Home Sales in Running Springs
- 90 Days of Home Sales in Crestline/Lake Gregory
