RE/MAX Lakeside sells Lake Arrowhead Real Estate

Monthly Real Estate Market News from RE/MAX Lakeside

Good news from the California Association of Realtors shows foreclosure filings are decreasing, median home prices in California are rising, new home sales have grown and homes prices throughout the country improved in May 2010. Check out these reports below and feel free to get in touch with RE/MAX Lakeside anytime to search for a new home in the Lake Arrowhead area or with questions about your current residence, we’re happy to help.

Foreclosure filings decrease 5 percent in first half of 2010
Foreclosure filings – notices of default, scheduled auctions, and bank repossessions – declined 5 percent during the first six months of the year compared with the previous six months, but rose 8 percent compared with the first six months of 2009, RealtyTrac® recently reported.  The report also shows that 1.28 percent of all U.S. housing units (one in 78) received at least one foreclosure filing in the first half of the year.
A total of 340,740 California properties received a foreclosure filing in the first half of 2010, the nation’s highest total, according to the report.  Filings in California decreased 15 percent from the previous six months and nearly 13 percent from the first six months of 2009.
More info.

California median home price rises 13.6 percent
In the absence of the federal home buyers tax credit, sales of existing, single-family homes in California declined 4.2 percent to a seasonally adjusted annual rate of 492,000 units in June compared with the same period a year ago, according to C.A.R.’s June sales and price report.  The median price of an existing home in California rose 13.6 percent to $350,911.
“Buyers who scrambled to close escrow in May to take advantage of federal and state tax credits before they expired impacted the number of homes sold last month,” said C.A.R. President Steve Goddard. “Although we expect sales to be lower in the second half of the year because of the absence of the government stimulus, they should remain above the long-run average and be significantly higher than the trough in 2007, when sales bottomed out.
“Although the tax credits are no longer available, it’s important to keep in mind that home prices are substantially below their peaks and interest rates remain at historic lows, making this a very affordable time for many first-time buyers to purchase a home of their own,” he said.
C.A.R.’s Unsold Inventory Index (UII) also rose to 4.8 months in June from 4.2 months in June 2009, but still remains lower than the long-run average of a 7.1-month supply of unsold inventory.
More info.

New home sales rise 23.6 percent in June
Sales of new homes rose 23.6 percent in June compared with May to a seasonally adjusted annual rate of 330,000 units, the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development (HUD) announced this week.  On a year-over-year basis, new home sales declined 16.7 percent.
The median sales price of new houses sold in June 2010 was $213,400; the average sales price was $242,900. The seasonally adjusted estimate of new houses for sale at the end of June was 210,000 units, representing a supply of 7.6 months at the current sales rate.
More info.

Home prices nationwide improve in May
The 10-City and 20-City Composites tracked as part of the S&P/Case-Shiller Home Price Indices rose in May.  The 10-City Composite rose 5.4 percent in May compared with a year ago, and the 20-City Composite increased 4.6 percent compared with May 2009.  Nineteen of the 20 metro areas and both Composites showed an improvement in May compared with April, but only 12 of the metro areas reported better month-over-month growth rates in May than those reported in April.
More info.

From July 28, 2010 C.A.R. Newsline

Reprinted with permission of the CALIFORNIA ASSOCIATION OF REALTORS®

The Oil Spills Effect on Real Estate

 RE/MAX Lakeside Lake Arrowhead Real Estate

We are all aware of the economic impact that oil spill has had. Real Estate Brokers and Agents say that BP’s Deepwater Horizon oil-drilling catastrophe has kept vacationers away. However other renters including BP staff, National Guard, Coast Guard Personnel, and the media are picking up a bit of the slack.  

              The environmental and economic costs caused by the disaster will certainly be major. Vivid media coverage is greatly discouraging real estate activity and risk of a tropical storm or hurricane lurks. There’s a lot of real estate within a 20 mile distance from the coastal beaches of Gulf States and there’s virtually nothing that can be done to prepare for such an event. All forms of real estate including, farms, office buildings, schools, government buildings, military installations, utility systems and homes are in peril which raises the question, who would want to live there let alone buy or invest property?

             If you would like to help several web sites are compiling places to donate money, time and resources. The Greater New Orleans Foundation is focused on charities that help fishermen and their families in Louisiana. The National Wildlife Foundation and the Humane Society of the United States are taking donations to help wildlife on the coast.

Community Profile~ Crestline California

RE/MAX Lakeside Lake Arrowhead Real Estate

Crestline California is located about 15 minutes from Lake Arrowhead California and 90 miles east of downtown Los Angeles. Crestline is the home of beautiful Lake Gregory and sits at an altitude of about 4800′ above sea level. This mountain community is surrounded by magnificent forests of pine, oak and cedar.  

           The Crestline resorts are situated on privately owned acres totally enclosed within the 812,000 acres of San Bernardino National forest. The name Crestline was chosen back in 1906 as a part of a contest sponsored by H.A Guernsey, in an effort to promote real estate development, which several others owned. Dr. Wesley Thompson submitted the winning name.

            Lake Gregory, a man made lake, was created in the early 1930′s. The great town of Crestline has been known as the prefect family oriented mountain and vacation destination.

            Access from the San Bernardino Valley is via Historic State HWY 18, a nationally designated scenic byway known as “Rim of The World Highway” and provides magnificent views ranging on a clear day to the Pacific Ocean, and Catalina Island visible in the distance.

            Crestline Village is host to various events and recreation activities year round.Lake Gregory offers  trout fishing, catfishing, shore fishing, float tube fishing, swimming and water slides, aqua cycle rental, paddle board rental, sail boat rental, rowboat rental, basketball rental, sand volleyball and Hiking trails.

For more information regarding this great mountain town go to the Crestline Chamber.

 The Blue Jay Jazz Foundation Presents, Jazz in Blue Jay!

RE/MAX Lakeside Lake Arrowhead Real Estate

Jazz in Blue Jay is back in The Lake Arrowhead area! Join the fun as the Lake Arrowhead Resort & Spa plays host to this wonderful Jazz concert! Syde & Co. along with Emmy Award winner Rich Calacci on Piano will be kicking off the concert series this Sunday July 18, 2010, 4pm at the beautiful Lake Arrowhead Resort and Spa. August concerts will be held in Blue Jay Village above the rite aid shopping center.

Concert Schedule 

Greg Adams, August 5, 2010 @ 6pm Click here for more about Greg

Elliot Deutsch 17 Piece big band August 12, 2010 @ 6pm Click here for more about Elliot

For more information on this popular Lake Arrowhead event go to, Blue Jay Jazz.

JoAnn Dickinson Presents

~28875 Hwy 330 , Highland 92346 Trout Pond Springs~

This is a very unique property offering 19 acres of secluded well groomed land and years of history that dates back to once being trout farm and the property is still located off Trout Pond Rd. This one of a kind property offers 7 fresh water springs FDA approved flows approx. 5,690,000 gallons of water per year, three structures including main house, guest house and third structure w/garage considered a fixer. 7 garages total includes RV or boat garage, trout pond, many natural streams, several look-out points, barn and training arena for horses, private shooting range, skeet shooting, golf cart paths throughout property, large pad for building your dream home with valley views of city lights. this property could be used for camp, family compound or retreat. Cell tower located on the property which is under a 25 year contract with possible expansion.

This property is a must see to appreciate!

Call Today and Schedule your Private Tour (909) 260-8228

Lake Arrowhead area Listings

Call JoAnn Dickinson Today and schedule a private tour to any of these beautiful Lake Arrowhead homes.

 (909) 260-8228

783 GOLF COURSE. Adorable home with distant views. Offers 3 bedrooms, 2 baths, loft upstairs w/master, 2 bedrooms on main, parking deck off access road for easy access & great deck with views. $249,000

28963 PALISADES. Charming Lake House Just Steps away from Lakes Edge! Offering 3bed, 2 ba, bright livngroom w/fp, kitchen w/eating area, bedroom/bath on main level, large deck for entertaining, filtered lake views, dock across the street 1/2 Dbl Dock for addition $95k in calm Emerald Bay.$299,000

312 BIRCHWOOD. Newer construction on a very private lot offering 5 bed, 3.5 Baths, open kitchen, living room, 1/2 ba. On main, 3/2 on 2nd level, 2/1 Jack & Jill on 3rd level, Play Deck for kids off 3rd level, beautiful distant views. Includes wired gen., partially furnished. Snow removal in place. Off access rd. at 323 Old Toll. $395,000

28527 SHENANDOAH. Beautifully maintained home offering 3/2 master on main, open kitchen w/granite counter, updated cabinets, newer app. included Large living room offers new stone fireplace, fresh paint, newer carpet, dual pane windows, 4yr new roof, ext. stone work, serene back & side patio area, deck off 2nd bedroom, fully landscaped w/dogwoods in bloom, fenced backyard for pets, 2/gar, RV parking in back, workshop below front steps. $429,000

1636 EAST BIG BEAR BLVD. Bank owned property 3 bedrooms 2.5 baths, 1944 sq. feet lot size 7800 sq. feet. Two car garage. This new construction is located in an equestrian area and very close to Ski Resort and Big Bear Village. Seller may complete construction upon request. $295,000

363 CEDAR COURT. “Circa 1932″ absolutely adorable Vintage Blue Jay Canyon Cabin! Complete remodel with guest quarters or poss. rental. Home offers 3 bed, 2.75 baths, original hardwood flooring, workshop, AC, 2 car garage. Beautiful grounds w/dogwoods, lilacs and vinca for the traditional Lake Arrowhead landscape. Deck, back patio & Paver sitting areas to relax & enjoy the tranquility of Blue Jay Canyon bordering Lake Arrowhead. $369,000

To View more Lake Arrowhead Listings go to YOUR LAKE ARROWHEAD HOME

The Lake Arrowhead communities is in the midst of the largest event weekend of the year. As Lake Arrowhead residents, people always ask us, “What is there to do up there?” RE/MAX Lakeside has the answer! Located in one of the most breath-taking back drops in California, the Lake Arrowhead area retains a wide-open mountain charm and mixes, fabulous restaurants, great shopping and events year round to make it one of the most memorable places you will visit. Immerse yourself in the perfect summer escape to Lake Arrowhead. You can feast your soul and senses at our many events while endless outdoor activities inspire the mind and body. Or, just kick back and soak in fantastic mountain scenery from a real mountain town!

~4th of July Weekend Celebration in Lake Arrowhead~

~Saturday July 3, 2010 – Sunday July 4, 2010~

♦Saturday July 3, 2010: Lake Arrowhead Repertory theatre and Company Performs “Rocky Horror Picture Show” playing every Saturday night at midnight at the Lake Gregory Cultural and Performing Arts Center in Crestline.

♦Saturday July 3, 2010: Jamboree days in Crestline, Join the fun at the annual Jamboree Days in Crestline. Enjoy the Parade, Street Faire and Live music! The fun starts from 9:00am-6:00pm.

♦Saturday July 3, 2010: 4th of July Weekend Celebration in Lake Arrowhead Village including free Summer Concert Series featuring “Joshua Tree”, U2 Tribute Band.

♦Sunday July 4, 2010: Rim of the of the world historical society hosts the 8th annual old fashion picnic.

♦Sunday July 4, 2010: 4th of July Weekend Celebration including free Summer Concert Series featuring “Austin Law”, Country Rock Band.

♦Sunday July 4, 2010: 4^th of July Fire Works Display over Lake Arrowhead. Fireworks begin at 9:00pm.

Looking for more Lake Arrowhead information? Go to RE/MAX Lakeside Lake Arrowhead Real Estate.

For a complete list of Lake Arrowhead area Events, go to Lake Arrowhead Communities Chamber of Commerce Events Calendar.

Great Event’s this Weekend In Lake Arrowhead!

6/26/2010 & 6/27/2010.

The 15th Annual Mountain Home Improvement Expo

It’s the time of year when Lake Arrowhead residents are taking advantage of the beautiful weather as they begin projects around the home.The 15th Annual Mountain Home Improvement Expo, in partnership with the Association of Building Contractors and the Lake Arrowhead Communities Chamber of Commerce is just around the corner! If you are looking for a Roofing Contractor, Home Loan or Refinance Help, Landscaper, Realtor, Plumber or maybe you would like to find new ideas for your home; the Home Improvement Expo is the perfect event for you.

Booths will be scattered all around the Lake Arrowhead Village Peninsula located in the middle of great shopping, dining and entertainment. We invite you to stop by RE/MAX Lakeside’s Lake Arrowhead Village office while you are in the area. We look forward to seeing you at this event for local residents!

This is also the weekend for Rotary Art and Wine and there will be boat shuttles from the Village to Tavern Bay Beach Club…

Lake Arrowhead Rotary Art & Festival 2010

As RE/MAX Lakeside Agents, we are pleased to be located in the Lake Arrowhead area. Lake Arrowhead is a beautiful community that has attracted people to its rich variety of natural resources for thousands of years. Today people flock to Lake Arrowhead to enjoy the many recreational activities it has to offer. The summer season in Lake Arrowhead is the best time of year to visit. There are great events, and a limitless amount of activities and loads to experience!

June plays host to wonderful summer events including The Lake Arrowhead Rotary Art and Wine Festival. You can enjoy fine art and wine at Lake Arrowheads Tavern Bay beach club at this community favorite event. There will be more than 80 artist exhibits including great wine and food. Hours are Saturday June 26th from 10am to 7pm, Sunday June 27 from 11am to 4pm. (Ticket Price: $5.00) Tickets are available at Betty’s General Store in Blue Jay, The Lake House in Cedar Glen & Vino 100 in Lake Arrowhead Village. You may also find more information when you visit the Lake Arrowhead Rotary or call them at(909) 337-4014.

Looking for more Lake Arrowhead Information? Just go to RE/MAX Lakeside Lake Arrowhead Real Estate.

`

Looking for more Lake Arrowhead Information? Go to RE/MAX Lakeside Lake Arrowhead Real Estate.

Lake Arrowhead 4th of July Weekend Events

RE/MAX Lakeside Lake Arrowhead Real Estate

There are countless ways to celebrate 4^th of July in Lake Arrowhead. This annual event draws a huge crowd to Lake Arrowhead, so it’s a good idea to plan ahead for a great 4^th!

       Lake Arrowhead offers a spectacular fire works show, and great events all weekend long. Spectators from all over gather around the shoreline, at the Beach Clubs, Lake Arrowhead Village, on docks, at homes and in boats awaiting Lake Arrowhead’s biggest event of the year. Come early for best parking and viewing locations.

Below is a list of 4^th of July events in Lake Arrowhead.

Friday July 2, 2010: Lake Arrowhead Village presents family movie night. The movie “Willy Wonka and the Chocolate Factory” will begin at dusk.

Friday July 2, 2010: Lake Arrowhead Village Farmers Market. Certified produce vendors, Fresh bread, and unique Vendors From 4pm – 8pm

Saturday July 3, 2010: Summer Concert Series in Lake Arrowhead Village. Concerts start at 5:30 pm at Center Stage.

Saturday July 3, 2010: Join the fun at the annual Jamboree Days in Crestline! Enjoy the parade, street faire, and live music. The fun starts from 9am-6pm.

* Sunday July 4, 2010: Enjoy the “4th of July” Fireworks display  over the lake in Lake Arrowhead! The Fireworks will begin at 9pm.*

Sunday July 4, 2010:Summer Concert Series in Lake Arrowhead Village. Concerts start at 5:30 pm at Center Stage.

Sunday July 4, 2010: Rim of The World Historical society annual old Fashion 4^th of July Picnic. Join the fun at Rim of the World Historical Society’s 8th annual old-Fashioned Fourth of July community Picnic, wonderful for children! 

 For more Lake Arrowhead information, go to RE/MAX Lakeside Lake Arrowhead Real Estate.

~Remember, All other fireworks-including safe ‘n sane-are prohibited in the San Bernardino National Forest and unincorporated areas of San Bernardino County~

Harvard study finds job growth key to housing recovery

RE/MAX Lakeside Lake Arrowhead Real Estate

According to the State of the Nation’s Housing report released by the Joint Center for Housing Studies of Harvard University, Improved affordability for first-time buyers and government incentives led to increases in sales of existing homes last year.  The study also found a record number of foreclosures continues to add pressure to the housing market and millions of homeowners. Despite some positive signs early in the spring-buying season this year, housing continues to face significant challenges, according to the study.  “Many factors still are weighing heavily on the market,” said Nicolas P. Retsinas, director of the Center. “Elevated vacancy rates, record foreclosures, the expiration of the home buyer tax credit, and continued high unemployment all are causes for concern.” If history is a guide, what happens with jobs will matter the most to the strength of the housing rebound,” said Eric S. Belsky, executive director of the Joint Center for Housing Studies. ”Right now, economists expect the unemployment rate to stay high, but if employment growth surprises on the upside or downside, housing numbers could too.”

For more information go to: JOINT CENTER FOR HOUSING STUDIES.