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Coldwell Banker Participates in 50% of all Home Sales in Lake Arrowhead Year to Date

Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty
Arrowhead Home Loans, Inc.
www.mountainmoves.com
steve@mountainupdate.com
909.336.2131

The following chart shows all residential single family sales in Lake Arrowhead reported to Rim Association of Realtors as of January 29, 2008 for the calendar year 2008.

	Listings	Market
Office	Sold	Share
Coldwell Banker Sky Ridge	8	57%
Re/Max Lake Arrowhead	6	43%
Century 21 High Country	0
Prudential	0
The Arrowehad Company	0
Lynne B. Wilson	0
Total Solds	14	100%
	Buyer	Market
Office	Sales	Share
Coldwell Banker Sky Ridge	6	43%
Re/Max	3	21%
Out of Area	2	14%
Lynne B. Wilson and Assoc.	2	14%
The Arrowhead Company	1	7%
Total Solds	14	100%
	Total	Market
Office	Sales	Share
Coldwell Banker Sky Ridge	14	50%
Re/Max Lake Arrowhead	9	32%
Lynne B. Wilson and Assoc.	2	7%
The Arrowhead Company	1	4%
Century 21 High Country	0
Prudential	0

52% of all sales on the mountain represented by Coldwell Banker Sky Ridge Realty for 2008

Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty
Arrowhead Home Loans, Inc.
www.mountainmoves.com
steve@mountainupdate.com
909.336.2131

The following chart shows all residential single family sales on the mountain reported to Rim Association of Realtors as of January 29, 2008 for the calendar year 2008.

	Listings	Market
Office	Sold	Share
Coldwell Banker Sky Ridge	15	52%
Re/Max Lake Arrowhead	8	28%
Associated Realtors	1	3%
Century 21 Bill Baker	1	3%
Century 21 High Country	1	3%
Franklin Realty	1	3%
Mountain Top Producers	1	3%
Prudential	1	3%
Total Solds	29	100%
	Buyer	Market
Office	Sales	Share
Coldwell Banker Sky Ridge	8	28%
Out of Area	6	21%
Re/Max	3	10%
Lynne B. Wilson and Assoc.	3	10%
Green Valley Lake Realty	1	3%
Century 21 Bill Baker	1	3%
Century 21 High Country	1	3%
Realty World	1	3%
Gregg Grant	1	3%
Franklin	1	3%
Prudential	1	3%
The Arrowhead Company	1	3%
Associated Realtors	1	3%
Total Solds	29	100%
	Total	Market
Office	Sales	Share
Coldwell Banker Sky Ridge	23	40%
Re/Max Lake Arrowhead	11	19%
Lynne B. Wilson and Assoc.	3	5%
Century 21 High Country	2	3%
Prudential	2	3%

Proposed Mortgage Changes Could Offer Big Boost

Tom Crate, Mortgage Consultant
Arrowhead Home Loans, Inc.
tom@arrowheadhomeloans.com
(909)  336-1793  Office
(909) 615-3987 Cell

A component of the governments proposed enconomic stimulus package announced Thursday would give an immediate lift to buyers and sellers in higher priced housing markets such as California. 

The package agreed upon by leaders in both parties in the house would allow government sponsored Fannie Mae and Freddie Mac to buy mortgages 50% more than the existing conforming limit of $417,000.  The Senate and the White House must also sign off on the proposal before it becomes effective.

The higher cap of $625,000 would likely breath life into the California market by making very affordable mortgage money available.  As of today, the current conforming rates are at 40 year lows.  Some individuals with higher "jumbo" or non-conforming loans would be able to refinance to take advantage of these historically low rates.  Home buyers would benefit as extremely affordable interest rate scenarios would be freed up by this move.

Steve Keefe, Owner/Broker of Coldwell Banker Sky Ridge Realty and Arrowhead Home Loans said late Thursday "In my nearly 20 years in the business, this is one of the most proactive things, I have seen government do to address real issues.  Moving forward with this provision and following it up with a permanent adjustment will benefit consumers and offer meaningful economic benefit."

Buyers and sellers looking to find out more about what his happening in the current mortgage market should contact the professionals at Arrowhead Home Loans, Inc. at 909-336-1793

Tom Crate, Mortgage Consultant
Arrowhead Home Loans, Inc.
tom@arrowheadhomeloans.com
(909)  336-1793  Office
(909) 615-3987 Cell

A component of the governments proposed enconomic stimulus package announced Thursday would give an immediate lift to buyers and sellers in higher priced housing markets such as California. 

The package agreed upon by leaders in both parties in the house would allow government sponsored Fannie Mae and Freddie Mac to buy mortgages 50% more than the existing conforming limit of $417,000.  The Senate and the White House must also sign off on the proposal before it becomes effective.

The higher cap of $625,000 would likely breath life into the California market by making very affordable mortgage money available.  As of today, the current conforming rates are at 40 year lows.  Some individuals with higher "jumbo" or non-conforming loans would be able to refinance to take advantage of these historically low rates.  Home buyers would benefit as extremely affordable interest rate scenarios would be freed up by this move.

Steve Keefe, Owner/Broker of Coldwell Banker Sky Ridge Realty and Arrowhead Home Loans said late Thursday "In my nearly 20 years in the business, this is one of the most proactive things, I have seen government do to address real issues.  Moving forward with this provision and following it up with a permanent adjustment will benefit consumers and offer meaningful economic benefit."

Buyers and sellers looking to find out more about what his happening in the current mortgage market should contact the professionals at Arrowhead Home Loans, Inc. at 909-336-1793

Is Now a Good Time To Buy?

Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty 
Arrowhead Home Loans, Inc.
www.mountainmoves.com
steve@mountainupdate.com
909.336.2131

The answer to that question is yes, now is a great time to buy.  Interest rates are at a 40 year low, there is a lot for buyers to choose from, sellers are extremely workable and want to put deals together with buyers, and most of the B.S. about declining values is exactly that B.S.

In our market, we are fortunate that we don't see the peaks and valleys when it comes to value.  Anyone who is buying on the mountain is making an investment in lifestyle.  In my opinion the longer someone waits the longer their family will have to wait for the memories that are made here on the mountain. 

I say to those of you on the fence waiting, get off the fence, give us a call and start making memories with your family here in the San Bernardino mountains.

Meet Patti Roddick

Patti Roddick,  Sales Associate
Coldwell Banker Sky Ridge Realty
909.336.7908
www.pattiroddick.com
patti@pattiroddick.com

Patti is proud to say that she loves living and working in the mountain communities.  A full time Realtor since 1989, Patti serves the Lake Arrowhead, Crestline/Lake Gregory and Running Springs Markets. 

A multiple award winner with Coldwell Banker, Patti brings a class and professionalism to every real estate experience.  As part of the #1 real estate office on the mountain, she is committed to the highest professional and ethical standards.  Patti works tirelessly to insure that her clients are satisfied and has a "knack" for putting buyers and sellers together.

If you are looking for an experienced Realtor with the ability to make deals happen, contact Patti Roddick at Coldwell Banker Sky Ridge Realty.

2007 Year End Recap Listings Sold in Lake Arrowhead

Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty 
Arrowhead Home Loans, Inc.
www.mountainmoves.com
steve@mountainupdate.com
909.336.2131

The following chart shows residential single family home sales in Lake Arrowhead for the calendar year 2007 as reported to Rim Association of Realtors on January 5, 2007.  The chart has been broken down into 3 price ranges and documents the company who represented the seller. 

Properties listed by Coldwell Banker Sky Ridge Realty represent nearly 50% of the total market and over double our closest competitors production in Lake Arrowhead as reported to Rim Association of Realtors.

$500,000 and Under
Company	Solds	%
Coldwell Banker	93	52%
Remax	41	23%
Century 21	10	6%
Prudential	9	5%
OOA/Misc	8	4%
Arrowhead Mountain	6	3%
Lynne B. Wilson	6	3%
Windermere	4	2%
Mountain Country	3	2%
Total	180	100%
$501,000 to $999,000
Company	Solds	%
Coldwell Banker	54	50%
Remax	27	25%
Out of Area/Misc	7	6%
Lynne B. Wilson	6	6%
Prudential	5	5%
Century 21	4	4%
Windermere	3	3%
Mountain Country	3	3%
Total	109	100%
$1,000,000 and Over
Company	Solds	%
Coldwell Banker	15	41%
Lynne B. Wilson	8	22%
Remax	6	16%
Prudential	5	14%
Parkinson	3	8%
Total	37	100%

2007 Year End Recap

Steven Keefe, Broker/Owner
Coldwell Banker Sky Ridge Realty 
Arrowhead Home Loans, Inc.
www.mountainmoves.com
steve@mountainupdate.com
909.336.2131

The following Charts show the year end numbers for 2007 vs. 2006 for total transactions, average sales price and days on market for residential properties as reported to Rim Association of Realtors for each calendar year as of January 2, 2008.

Residential Home Sales
	2007	2006	Change
Arrowbear	23	43	-47%
Arrowhead Villas	31	65	-52%
Arrowhead Woods	298	366	-19%
Cedar Glen	13	25	-48%
Crestline	115	189	-39%
Deer Lodge Park	4	8	-50%
Green Valley Lake	29	46	-37%
Lakefront	23	25	-8%
Running Springs	132	163	-19%
Sky Forest/Crest Estates	21	21	0%
Twin Peaks/Blue Jay	50	90	-44%
Total Peak to Peak	754	1051	-28%
Average Sales Price
	2007	2006	Change
Arrowbear	$   185,648	$   200,778	-8%
Arrowhead Villas	$   236,558	$   239,630	-1%
Arrowhead Woods	$   542,210	$   563,123	-4%
Cedar Glen	$   211,992	$   192,000	10%
Crestline	$   248,811	$   272,180	-9%
Deer Lodge Park	$   422,250	$   260,858	62%
Green Valley Lake	$   275,122	$   279,087	-1%
Lakefront	$2,401,953	$2,193,780	9%
Running Springs	$   292,668	$   297,207	-2%
Sky Forest/Crest Estates	$   453,969	$   472,262	-4%
Twin Peaks/Blue Jay	$   271,053	$   256,088	6%
Total Peak to Peak	$   461,031	$   420,099	10%
Average Days on Market
	2007	2006	Change
Arrowbear	124	74	68%
Arrowhead Villas	88	88	0%
Arrowhead Woods	146	103	42%