Lake Arrowhead Lot Statistics as of August, 2008

Currently on the market (# of lots)	161
Closed or pending sale in 2008	9
Lots Withdrawn or Expired	189
Success ratio (Percentage of lots sold compared to actives, withdrawns and expireds)	2.5%
Lots sold per month	1.125
Months of supply - 12 years of current inventory, assuming nothing else comes on the market	143
Lot Buyers per year (extrapolated)	13.5
Average days on market per successful sale	140

Lake Arrowhead Real Estate Statistics for 2007 (As of June 6, 2007)

Currently Active Home Listings	146
Year to Date # of Homes Sold	26
Average Home Sold Price	$277,997
Average Days on Market For Sold Homes	92
Year To Date Expired Home Listings	30
Currently Active Lot Listings	125
Year To Date # of Lots Sold	41
Average Lot Sold Price	$27,309
Average Days On Market For Sold Lots	64
Year To Date Expired Lot Listings	29

Commentary on 2007 Real Estate Activity:
Real estate appreciation for homes in Lake Arrowhead Georgia is booming. Statistics for average price of sold homes for the first six months of this year shows a whopping 17.9% increase over last year.

Real estate absorption is steady however. Based on the first six months of the year we are averaging 92 days on market for a sale vs. 91 days in 2006. If I project the statistics for homes sold during the first half of the year assuming a linear progression, we will have 23% less homes sold this year than last in Lake Arrowhead unless there is a pickup in the market in the second half of the year.

Lot appreciation and absorption are far exceeding the home statistics. Sold lot prices are averaging 37% higher in 2006 compared to last year. The average days on market for lots are almost half of what it was in 2006, and the total projected number of lots sold also exceeds the number for last year. This indicates that interest in Lake Arrowhead is picking up very significantly, and people feel that buying a lot here is a good investment.

Lake Arrowhead Real Estate Statistics for 2006