Arrowhead Life

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Monday Morning Update

Save the Date

The Lake Arrowhead Film Festival

April 14 – 17, 2011

 

This event takes place at the Lake Arrowhead Resort & Spa. For more information, event schedule & tickets please visit www.lakearrowheadfilmfestival.com

or please call: (909) 337-7587

Fundraiser at Rim Bowling

April 1, 2011

8:00 pm

 

Family Fun Night Fundraiser to benefit The Leukemia & Lymphoma Society at Rim Bowling in Crestline. Hosted by The Sparkman Kids. Glow Bowling Night $20 per person Includes: Unlimited bowling, bowling shoes, unlimited fountain drinks, & 2 slices of pizza. Door Prizes, Raffles, Lots Of Fun.Bring your friends to help us wipe out blood cancers. For more information please call Kristina: (909)337-3435

 

Arrowhead Arts Association

April 2, 2011

 

2:00 pm

 

The Arrowhead Arts Association is proud to announce the return of our ConcertMaster program held at the Lake Arrowhead Country Club. The program will feature a group known as the Blue Rose Trio. International violin sensation Corinne Chapelle joins pianist Rose Chen and cellist Lars Hoefs in a vibrant and impassioned program of musical marvels.

– Tickets are $50 which includes the concert and dinner following the concert. Those of you planning to stay for the dinner must RSVP to Ken Camarella at saeflash@aol.com no later than Tuesday, March 28th. It is preferred that dinner reservations be prepaid by calling (909) 337-4296 with your credit card information.

– Children through high school are free when accompanied by a paying adult.

– Tickets are $30 for any students who stay for dinner.

 – Tickets for the concert only are $20.

– Tickets available on site on the concert date payable to the Arrowhead Arts Association. However, dinner reservations cannot be guaranteed without an RSVP as noted above. For more information please call: (909)337-4296

 

 

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This Week on the Mountain

Annual St. Patrick’s Mixer

Wednesday, March 16, 2011

 

5:00 pm – 7:00 pm

 

Join us for the LACCC Mixer hosted by Blue Jay Village Merchants and the Royal Oak Restaurant located on Hwy. 189 in Blue Jay. Enjoy great food & beverages. What a great time to network
as well. For more information please call  (909)337-3715 
 

 

 

A Taste of Ireland

March 17, 2011

6:00pm – 8:00 pm

 

Bin 189 & Lake Arrowhead Resort & Spa presents “A Taste of Ireland”. In the Lobby of the Lake Arrowhead Resort & Spa. Join us for this rare opportunity to taste a tantalizing array of Irish Ales & Stouts, Irish Whiskeys, Irish Cream liqueur & Irish Morsels. $20 per person Reservations are suggested by calling (909)337-4189 or by e-mailing dparker@lakearrowheadresort.com

 

St. Patrick’s Day Luncheon at the Senior Center

March 15, 2011

12:00 pm

  

The luncheon will be at the Mountain Communities Senior Center 675 Grandview Road in Twin Peaks Corned Beef & Cabbage!.Open to seniors 55 & older. Limited to the first 50. Call for reservations: (909) 337-1824. Please leave your name & phone number by March 11 at 11am.

St. Pattys Day Special

March 18, 2011

6:30 pm

 

“St. Pattys Day Special” at Rim Bowling in Crestline. Double Bowling for Dollars.
Start at 7pm, $18 per person. Come have some green beer. Win some money. Have fun with family & friends. $300 For A 800 Series
$100 For A 275-299 Game $300 For A Perfect 300 Game. Rim Bowling & Entertainment Center
23991 Lake Drive in Crestline (909) 338-5550.

 Bye Bye Birdie

March 16 – 20, 2011

 

Enjoy a performance of “Bye Bye Birdie”
presented by the Rim of the World Performing Arts Department in the Performing Arts Center. March 16 at 7pm (preview). March 17, 18 & 19 at 7pm. March 19 & 20 at 2pm For tickets & more information please visit their website:
www.rimhighdrama.com

Mardi Gras: Mountain Style!

March 25, 2011

 

6:00 pm – 11:00 pm

 

The Mountain Bruins will be hosting “Mardi Gras” Mountain Style at the Beautiful UCLA Lake Arrowhead Conference Center. Awesome Food & Entertainment. For ticket reservations please call: (909) 337-8200 or go to Betty’s General Store or The Lake House.

 

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Lake Arrowhead’s Monday Morning Update

Annual St. Patrick’s Mixer
Wednesday, March 16, 20115:00 pm – 7:00 pm

Join us for the LACCC Mixer hosted by Blue Jay Village Merchants and the Royal Oak Restaurant located on Hwy. 189 in Blue Jay. Enjoy great food & beverages. What a great time to network
as well. For more information please call  (909)337-3715

MSAS Astronomy Village
March 12, 20118:00 pm – 10:00 pm

Subject: “The Moon, Our Nearest Neighbor”

(weather permitting). For more information please call: (909) 336-1699. Come see all of “Star Gazer’s Gift Shop” unique items! Open Wednesday, Friday & Saturday from 11am to 2pm (weather permitting) 2001 Observatory Way off Hwy. 18 west of Rim of the World High

School in Lake Arrowhead.

Bald Eagle Count
March 12, 20118:00 am

Volunteers needed to count bald eagles. Eagle counts for this winter have been scheduled for March 12. No experience needed. Volunteers should dress warm & bring binoculars & a watch. Lake Arrowhead volunteers will meet at 8 am at the Sky Forest Ranger Station.

 

Contact Marc Stamer, Wildlife Biologist at (909) 382-2828 for more information.

 Heartsaver CPR
March 12, 20119:00 am – 1:30 pm

This class will teach CPR basics for adult, child & infant, foreign body airway obstruction & rescue breathing. You will learn both 1-rescuer

& 2-resuer methods. Participants that complete the course satisfactorily will receive a card from the American Heart Association. This card will be valid for 2 years.Instructor: Tony Wetmore. Location: District Office in Rimforest. Ages: 10 to adult. Class fee: $25 per person + $15 for supplies Class size: Minimum 3, Maximum 9 Pre-registration is required For more information: (909) 337-7275

St. Pattys Day Special
March 18, 20116:30 pm

 

“St. Pattys Day Special” at Rim Bowling in Crestline. Double Bowling for Dollars.
Start at 7pm, $18 per person. Come have some green beer. Win some money. Have fun with family & friends. $300 For A 800 Series
$100 For A 275-299 Game $300 For A Perfect 300 Game. Rim Bowling & Entertainment Center
23991 Lake Drive in Crestline (909) 338-5550.

Mardi Gras: Mountain Style!
March 25, 20116:00 pm – 11:00 pm

The Mountain Bruins will be hosting “Mardi Gras” Mountain Style at the Beautiful UCLA Lake Arrowhead Conference Center. Awesome Food & Entertainment. For ticket reservations please call: (909) 337-8200 or go to Betty’s General Store or The Light House.

 Save the Date
The Lake Arrowhead Film FestivalApril 14 – 17, 2011

 

This event takes place at the Lake Arrowhead Resort & Spa. For more information, event schedule & tickets please visit www.lakearrowheadfilmfestival.co

Voni Saxbury is a Certified HAFA (Home Affordable Forclosure Alternative) Specialist.  If you’re in trouble with your mortgage

Call Voni at 909-560-6565

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Home Sales in 2010 according to Rim Association of Realtors

The following matrix shows all single family homes reported to the Rim Association of Realtors as closed escrow for the calendar year 2010.  I have also provided the average sales price by community for each year and percentage change for comparison purposes. 

I expect that 2011 will show some signs of recovery I am predicting home sales across the mountain to hit the 800 mark with modestly higher average prices.  There is a confidence returning to the market as buyers are realizing that prices will not likely go lower and rates are for sure going up.  If you need any clarification on any of the figures, please don’t hesitate to contact me via phone at 909.560-6565 or via email at voni@VoniSells.com

Lake Arrowhead Woods  
  Number  Average  Percent
Year Of Sales  Price  Change
2004 765  $     389,500 0
2005 614  $     504,800 29.6%
2006 366  $     563,100 11.5%
2007 299  $     543,400 -3.5%
2008 242  $     488,300 -10.1%
2009 284  $     377,900 -22.6%
2010 284  $     409,400 8.8%
       
Arrowhead Villas    
  Number  Average  Percent
Year Of Sales  Price  Change
2004 83  $     169,000 0
2005 86  $     216,300 28.0%
2006 65  $     239,600 10.8%
2007 31  $     236,600 -1.3%
2008 35  $     206,200 -12.8%
2009 38  $     131,200 -36.3%
2010 37  $     119,000 -9.3%
       
Twin Peaks    
  Number  Average  Percent
Year Of Sales  Price  Change
2004 116  $      84,500 0
2005 118  $     221,500 162.1%
2006 90  $     256,100 15.6%
2007 52  $     268,500 4.8%
2008 37  $     197,600 -26.4%
2009 62  $     163,400 -17.3%
2010 48  $     131,500 -19.5%
       
Crestline      
  Number  Average  Percent
Year Of Sales  Price  Change
2004 219  $     193,300 0
2005 226  $     264,100 36.6%
2006 189  $     272,200 3.1%
2007 119  $     247,900 -9.8%
2008 141  $     191,700 -22.6%
2009 168  $     145,500 -24.1%
2010 183  $     118,400 -18.6%
       
Running Springs    
  Number  Average  Percent
Year Of Sales  Price  Change
2004 302  $     214,400 0
2005 264  $     271,000 26.4%
2006 163  $     297,200 9.7%
2007 133  $     293,700 -1.2%
2008 98  $     202,300 -31.1%
2009 107  $     165,800 -18.0%
2010 109  $     151,000 -8.9%
       
All Mountain Communities  
  Number  Average  Percent
Year Of Sales  Price  Change
2004 1779  $     296,200 0
2005 1597  $     400,600 35.2%
2006 1041  $     420,500 5.0%
2007 749  $     446,500 6.2%
2008 654  $     347,800 -22.1%
2009 762  $     270,200 -22.3%
2010 749  $     260,700 -3.5%
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Sellers Fare Better Using a Realtor

Sellers have a better chance at getting their house sold by using a REALTOR® than opting for the do-it-yourself approach, according to a survey of 1,000 home owners by HomeGain.com, an online real estate resource. Nearly 60 percent of home owners who used a REALTOR® to sell their home were successful compared to 39 percent of FSBOs, the survey found.

In the survey, 83 percent of home owners said they used a REALTOR® to sell their home, whereas 17 percent said they tried to sell it themselves. This corresponds to results from NAR’s 2010 Profile of Buyers & Sellers, which found 88 percent of sellers were assisted by a real estate agent. (Additionally, 83 percent of buyers bought their home through an agent.)

“It is especially striking that home owners fare significantly better in selling their homes using a REALTOR®  than selling on their own,” says Louis Cammarosano, general manager at HomeGain. “Due to that relative success, the level of satisfaction in the home selling process is also higher for home sellers utilizing the services of a REALTOR® than those who try to sell their homes on their own.”

Among the findings in its For Sale by Owner vs. REALTOR® survey:

  • 88 percent of home owners who sold their homes using a REALTOR® said they would use a REALTOR® again.
  • 24 percent of FSBOs eventually contacted a REALTOR® to help sell their home.

Source: “HomeGain Survey Finds Home Sellers Fare 50% Better in Getting Their Homes Sold Using a REALTOR® Than Selling on Their Own,” HomeGain.com (Feb. 24, 2011)

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Existing-Home Sales Up Again in January

Existing-Home Sales Up Again in January
The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above levels a year ago, according to the NATIONAL ASSOCIATION OF REALTORS®.

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 2.7 percent to a seasonally adjusted annual rate of 5.36 million in January from a downwardly revised 5.22 million in December, and are 5.3 percent above the 5.09 million level in January 2010. This is the first time in seven months that sales activity was higher than a year earlier.

Lawrence Yun, NAR chief economist, said the improvement is good but could be better. “The uptrend in home sales is consistent with improvements in the economy and jobs, which are helping boost consumer confidence,” Yun said. “The extremely favorable housing affordability conditions are a big factor, but buyers have been constrained by unnecessarily tight credit. As a result, there are abnormally high levels of all-cash purchases, along with rising investor activity.”

A parallel NAR practitioner survey shows first-time buyers purchased 29 percent of homes in January, down from 33 percent in December and 40 percent in January 2010 when an extended tax credit was in place.
Investors accounted for 23 percent of purchases in January, up from 20 percent in December and 17 percent in January 2010; the balance of sales were to repeat buyers. All-cash sales rose to 32 percent in January from 29 percent in December and 26 percent in January 2010.

“Increases in all-cash transactions, the investor market share and distressed home sales all go hand-in-hand. With tight credit standards, it’s not surprising to see so much activity where cash is king and investors are taking advantage of conditions to purchase undervalued homes,” Yun said.

All-cash purchases are at the highest level since NAR started measuring these purchases monthly in October 2008, when they accounted for 15 percent of the market. The average of all-cash deals was 20 percent in 2009, rising to 28 percent last year.

The national median existing-home price for all housing types was $158,800 in January, down 3.7 percent from January 2010. Distressed homes edged up to a 37 percent market share in January from 36 percent in December; it was 38 percent in January 2010.

NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I., said the median price is being dampened by unusual market factors. “Unprecedented levels of all-cash purchases, primarily of distressed homes sold at deep discounts, undoubtedly pulls the median price downward,” Phipps said. “Given the levels of inventory we see today, we believe that traditional homes in good condition have held their value.”

Total housing inventory at the end of January fell 5.1 percent to 3.38 million existing homes available for sale, which represents a 7.6-month supply at the current sales pace, down from an 8.2-month supply in December. The inventory supply is at the lowest level since December 2009 when there was a 7.3-month supply.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 4.76 percent in January from 4.71 percent in December; the rate was 5.03 percent in January 2010.
Single-family home sales rose 2.4 percent to a seasonally adjusted annual rate of 4.69 million in January from 4.58 million in December, and are 4.9 percent higher than the 4.47 million level in January 2010. The median existing single-family home price was $159,400 in January, down 2.7 percent from a year ago.

Existing condominium and co-op sales increased 4.7 percent to a seasonally adjusted annual rate of 670,000 in January from 640,000 in December, and are 7.9 percent above the 621,000-unit pace one year ago. The median existing condo price was $154,900 in January, which is 10.2 percent below January 2010.

Regional Sales
Northeast: Regionally, existing-home sales in the Northeast fell 4.6 percent to an annual pace of 830,000 in January from a spike in December and are 1.2 percent below January 2010. The median price in the Northeast was $236,500, which is 4.0 percent below a year ago.

Midwest :“Existing-home sales in the Midwest rose 1.8 percent in January to a level of 1.14 million and are 3.6 percent above a year ago. The median price in the Midwest was $126,300, which is 3.2 percent below January 2010.

South: In the South, existing-home sales increased 3.6 percent to an annual pace of 2.02 million in January and are 8.0 percent higher than January 2010. The median price in the South was $136,600, down 2.1 percent from a year ago.

West: Existing-home sales in the West rose 7.9 percent to an annual level of 1.37 million in January and are 7.0 percent above January 2010. The median price in the West was $193,200, down 5.7 percent from a year ago.

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