Why a Local Realtor?   1 comment

 

Hello, Lake Arrowhead Neighbors,

Real Estate is Local:  In this challenging Real Estate Market, one thing is certain: Whether selling or buying, you will be better served to engage a LOCAL Realtor.

Not only do we know our market area, we are also aware of disclosure issues – Lake Rights or not, sewer or septic, maintained or non-maintained road – to name just a very few peculiar to our Lake Arrowhead area.  I’d like to introduce myself as a Local Realtor, living and working in our beautiful Mountains for over 50 years.  If you’re looking for an experienced and dedicated representative, I would very much like to talk with you.

Here are some facts regarding our Local Real Estate Market – you might find them interesting:

  • The market peaked in home sales in 2004 with a total o f 1779 sales or 3558 units or “deals”.  Last year there were 749 sales with 1498 deals.  The percentage decline from the peak was 58%.  Coincidently we have seen only a 25% drop in the number of Realtors in the market.
  • For average sales price the peak was 2007 at $446,000.  Last year the average sales price was $260,693 representing a 42% decline from the peak.   This doesn’t mean that homes purchased in 2007 are worth 42% less than they were it just means the average sale in the market dropped to that figure.
  • Dollars into our local economy was at a peak in 2005 where the real estate industry generated 1.279 Billion Dollars in sales and $35,568,070 in commission dollars.  Last years figures were approximately $390 Million in sales and $10,856,404 in commission dollars representing a decline of nearly 70%…. any guesses as to why money might be a bit tight?

This might explain the impact the Real Estate industry has on our local economy.  In spite of the above, we are still selling properties here in Lake Arrowhead.  If I can be of service, please give me a call – or check out my website: www.carolbanner.com  and send me an e-mail.  Call Carol Banner at Coldwell Banker Sky Ridge Realty, your Local Realtor, for a Market Analysis or to answer any questions you may have regarding the Real Estate in Lake Arrowhead.  I am a recognized Foreclosure and Short Sale Resource in our mountain communities.

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Posted February 18, 2011 by Carol Banner in Mountain real estate

One response to “Why a Local Realtor?

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  1. Great information Carol. Excellent post. Congratulations on your blog. Keep up the good work.

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