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Breaking it down! August 2010 Real Esate Sales in Arrowhead Woods, Lake Arrowhead, CA Started by JoAnn Dickinson - Posted September 05, 2010 2:03pm
The tables below highlight the number of homes, lots & docks sold in the Arrowhead Woods area of Lake Arrowhead in August 2010, as well as the number of current listings for each.
The Arrowhead Woods area includes Lake Rights to Lake Arrowhead.
We have plenty of homes and lots available in every price range. Vistit www.remaxlakearrowheadrealestate.com to search for properties in the area or give us a call and one of our agents will be happy to pull a customized list of properties for you.
Residential Sold Active
Lakefront 1 39
$1 Million + 2 45
$600-999k 0 73
$300-500k 9 209
Under $300k 7 92
Total 19 458
LOTS
Under $50k 2 29
$50-100k 1 30
$100-300k 0 15
$300-600k 0 10
$600 + 0 4
Docks
All 3 19

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Price Drop ~ Charming Lake Arrowhead Lake House Started by JoAnn Dickinson - Posted September 04, 2010 12:03pm
Lake House Price Drop in Lake Arrowhead! ~ $275,000
28963 Palisades, Lake Arrowhead, CA 92352 
Located steps away from the Lakes Edge, this 3bdrm 2bath Lake House charmer has a bright living room, a fireplace, warm kitchen with eat-in dining and a large deck perfect for entertaining.
Filtered lake views and dock access across the street make this house perfect for any activity. Half the double dock for boat storage on Emerald Bay is an additional $95,000.
For a details and a private showing call JoAnn Dickinson at (909) 260-8228.

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Open House ~ Lake Arrowhead, CA Started by JoAnn Dickinson - Posted September 04, 2010 12:05pm
Give us a call to for details and directions to any of these Open Houses today in Lake Arrowhead, CA (909) 337-9999

Saturday and Sunday!
Lakefront! 28853 North Shore, Lake Arrowhead ~ 4bedroom, 4bath
Louisa Millington ~ $2,500,000
28136 North Bay, Lake Arrowhead 3bedroom, 2.5bath
Sophie Formby ~ $389,000

363 Cedar Way, Blue Jay ~ 3bedroom, 2bath
Completely Remodeled! ~ JoAnn Dickinson - $369,000

373 Redtail Hawk, Lake Arrowhead
3bedroom, 2.75bath 4,600 Sq. Ft. in Cedar Ridge .
Charlie Dickinson - $1,750,000
| 0 CommentsPerspectives: U.S. and CA Home Sales Decline in July Started by JoAnn Dickinson - Posted September 03, 2010 4:32pm
Over the past week you’ve probably heard at least some of the details from The National Association of Realtor’s (NAR) announcement that homes sales throughout the country dropped 27% last month while home prices increased slightly nationwide compared to the same measures from July 2009.
Stephane Fitch, real estate advisor at Forbes doesn’t think slower sales are bad thing, stating, “I think the slow pace of home sales represents, above all, a sign that homeowners, home sellers and home buyers are coming to their senses. A market full of sober, careful players is a good thing.” He pointed out the last time we saw housing sales soar and everyone thought it was such a good sign, we were actually right in the middle of what we now call the housing bubble –and we all know where that got us. Here.
Another interesting point of view from Nick Thomas writing for the Wall Street Journal’s blog sees the sales decline and price increase as a standoff between seller’s and buyers who aren’t seeing eye-to-eye on price. His source’s say sellers were setting prices based on increased sales and demand caused by the tax credit rush two months ago, while buyers were looking “steals” due to unemployment data and low consumer confidence. The only way to solve this sales roadblock is seller’s lowering prices in order to sell homes. So, we’ll hopefully see increased sales transactions, but prices will come down.
Overall, housing affordability mixed with rock-bottom mortgage rates has created an unprecedented buyer’s market. To take advantage of the lowest prices we’ll see for years, start by choosing a well-informed real estate agent with a large network and deep market experience in the area you’re selling or buying. Nothing will work for you better than an agent capable of keeping you educated on the market and providing you with straightforward advice when it comes to accurately pricing a home, listing a short sale or making a the best offer.
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373 REDTAIL HAWK, LAKE ARROWHEAD Started by JoAnn Dickinson - Posted September 03, 2010 7:53pm
OPEN HOUSE "Saturday in Cedar Ridge" September4th, 2010 10am - 4pm
Restful and Peaceful Mountain getaway Located in Cedar Ridge Estates. This custom Alpine Log Home has a spacious open floor plan offering panoramic forest views, situated on over 6 acres.Approx.2 acres are fenced.Drive up to your own gated property. 2 bedrooms plus a loft, 2.75 baths,master bedroom with cedar lined closets and his and her bath areas,Granite kitchen with sub-zero fridge, to many amenties to mention. custom stone work, beautiful workmanship, 3 car garage, landscaped w/waterfall. $1,750,000
CALL RE/MAX LAKESIDE FOR MORE INFORMATION 909-337-9999
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“Saturday in Cedar Ridge” Started by JoAnn Dickinson - Posted August 28, 2010 5:08pm
WHAT: Spend Saturday, Sept. 4th personally touring over 20 exclusive properties all currently for sale in the Cedar Ridge Estates community of
WHY: Don’t miss this unique opportunity to explore a wide variety of cedar ridge homes & experience first-hand why this prestigious, master planned, gated community is said to include some of the finest mountain homes in the local area. Make sure to bring some friends and make a day out of it!
WHEN: Saturday, September 4, 2010 - 10:00AM – 4:00PM
DIRECTIONS:
CONTACT: RE/MAX Lakeside at (909) 337-9999 for details & visit the Cedar Ridge Estates Property Owners Association to learn more about this unique community.
**Don’t Miss RE/MAX Lakeside Properties in Cedar Ridge Estates!**
Mary Vail Presents:
373 RedTail Hawk
Single Family Home - $1,750,000
3 Bdrm, 2.75
Over 4, 500 Sq. Ft. on 6 Acres
3 Car Garage + Numerous Custom Amenities & Forest View

Mary Vail Presents:
Vacant Land - $500, 000
Build a Custom Home on a 1.76 acre
Corner lot in the gated
Cedar Ridge Estates Community
Lush trees surround & a gentle lot enabling a level access design
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Lake Arrowhead Real Estate - Shorts Sales Rising Started by JoAnn Dickinson - Posted August 13, 2010 10:20pm
| Market Watch: Short Sales Rising |
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Short Sales made up 18 percent of buy-side real estate transactions in June, according to an independent survey of more than 2,500 real estate agents across the country.
The survey, conducted by Campbell Communications, found that Short Sales constituted 12.5 percent of property sales in July 2009. That's compared with move-in ready and damaged REOs, which comprised 17.9 and 19.8 percent, respectively, of all closed transactions during the same time frame.That trend has apparently reversed. In June, move-in ready REOs and damaged REOs comprised 15.2 percent and 13 percent, respectively, of closed transactions.
"These numbers are encouraging because it tells us that more people are avoiding foreclosure," says RE/MAX Chairman and Co-Founder Dave Liniger (ABR, CDPE, CRB). "Short Sales are infinitely more complex and time-consuming transactions, so agents need to be educated on how to assist homeowners in this situation. We'll see an even greater influx of Short Sales flood the market as people take advantage of the government's Home Affordable Foreclosure Alternatives program."
The HAFA program, which streamlines the Short Sale process, was created to help both homeowners and banks avoid foreclosure, through the use of Short Sales or a deed-in-lieu of foreclosure when homeowners don’t qualify for or maintain a loan modification
More about HAFA
- Lenders must respond to Short Sale requests within 10 business days of receipt of the offer package.
- The seller will be released from all liability for repayment of the primary mortgage debt.
- Subsequently, the seller is entitled to a relocation incentive of $3,000, which will be deducted from the gross sale proceeds at closing.
- The lender will be paid $1,500 to cover administrative and processing costs for a Short Sale or a deed-in-lieu.
- The property must be listed with a licensed real estate professional who does regular business in the community where the property is located.
- The lender is prohibited from requiring, as a condition of approving the Short Sale, a reduction in the agreed-upon real estate commission.
Comments (3)
I just went through the HAFA underwriting pile for 45 days with a seller, and contract in hand. The seller was denied as they had vacated the home as they were unable to afford to live there. Like good Americans they felt if they could not afford to live in the home they should move out. HAFA stated only verbally to us, so far, that it's the reason for denial. So sad. Bank of America should have expressed this to the homeowner prior to 45 days of underwriting trauma. It's clear that HAFA and BOA don’t communicate to each other.
– Donna Courter-Matsko, RE/MAX Metro Realty, Seattle, Wash.
Warning to those representing owners for short sale transactions. If the owner files bankruptcy after they've signed your listing agreement thinking they'll postpone foreclosure, they're right, but as their agent you're screwed. During a bankruptcy, the bank cannot do anything with the file. The file is locked until the bankruptcy is discharged and even then it can take a bank weeks after the discharge before the file is released for processing. THEN, you finally have a qualified buyer, you get everything fully negotiated, and your seller then refuses to sign because the contract does not protect him/her from potential financial liability. The seller chooses foreclosure because he/she knows the law has them protected through their bankruptcy. Bankruptcy appears on their credit report, not the foreclosure if the mortgage was included within the bankruptcy. Word to the wise: Terminate your listing if you find the owner has filed bankruptcy. I'm sharing this story because it happened to me and I have yet to hear any of these short sale courses covering bankruptcy situations. I not only had one but two bankruptcies filed separately during this one short sale listing. I had brought not one but two buyers to the seller. The first one fizzled because of the waiting and the second one was lost because the seller refused to sign due to the mediation clause and the potential liability with attorney fees. 10.5 months WASTED!!!! and no paycheck to show for it in the end!Why haven't our state commissioned attorneys promulgated contracts for our distressed sales? Our attorneys just don't get it if they think the short sale addendum is sufficient. Absolutely not!
– Brenda White, RE/MAX Northwest, Spring, Texas.
© 2010 RE/MAX, LLC. RE/MAX Affiliates may share this article, provided they do not charge for it and this notice is included. All other rights reserved.
| 0 CommentsSurvey Says! – Home Buyers Find Green Features Attractive When Shopping for a Home Started by JoAnn Dickinson - Posted August 31, 2010 1:55pm
ecent research reveals 55% of home buyers consider the availability
of green features in a home, such as energy efficient appliances and solar
panels an “important” or “somewhat important” factor when deciding to
purchase a new home. At the top of the green wish list, 89%, said energy efficient
appliances are the most important green feature in a home. Not a surprise in this economy,
however it is surprising that less the 1% of real estate listings promote any green features.
Green-home hunter’s motivations include:
Saving money (49%)
2.
3. Occupant/Family Health (37%)
4. Home’s resale value (15%)
5. Tax credit availability (12%)
These results highlight an opportunity for realtors to help homeowner’s set their homes apart by listing any existing green features in
their home, or recommending they add of energy efficient appliances or make a few energy-saving home improvements before putting a
home on the market.
In addition attracting “green house-hunters,” other perks for homeowner’s include rebates
on Energy Star appliances and eligibility for tax credits up to $1,500 for energy-efficient
home improvements in insulation, duct sealing and infiltration reduction, installation of energy-efficient
windows and skylights, high efficiency central air conditioners and air-source heat pumps, high efficiency
gas furnaces and boilers and high efficiency water heaters.
For iFor information on tax incentives and rebates for energy-efficient improvements and appliances, visit http://energytaxincentives.org and www.energystar.gov.
Source: http://www.buildingonline.com/news/viewnews.pl?id=9621&subcategory=208
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Labor Day Weekend? More Like Leisure Day Weekend in Lake Arrowhead Started by JoAnn Dickinson - Posted September 03, 2010 4:11pm




