Greg and Michelle Steffens 909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com
WEEKLY MARKET UPDATE (06/22/08 through 06/28/08)
Active properties continue to rise (now up to 1069 from peak to peak). Lakefronts are one home away from 40 total listings available. I expect that new listings will keep going up over the next week with the 4th of July holiday on the horizon. We should probably see an increase in the number of price reductions as sellers position themselves for the numbers of people who will be coming to the area to celebrate our nation's birthday.
Arrowhead Woods posted an average days on market of less than 100 days (95.5) with other areas showing around 125-135 - not too bad. Twenty homes closed escrow with an average list to sales percentage of 92.4%.
Mountain-wide there are 1069 single-family homes listed for sale, 85 in escrow and this past week, 47 new properties showed up on the grid.
ARROWHEAD WOODS
New Listings
22
Median Price
$547,950
Price Range
$95,000 - $1,637,000
Active Listings
420
Median Price
$526,500
Price Range
$214,900 - $5,995,000
Pending Listings
26
Median Price
$437,000
Price Range
$252,500 - $1,789,000
Sold Listings
8
Median Price
$306,500
Price Range
$183,000 - $610,000
Average Days on Market
95.5
Average List To Sale Percentage
94.5%
LAKEFRONT HOMES
New Listings
2
Median Price
$1,947,000
Price Range
$899,000 - $2,995,000
Active Listings
39
Median Price
$2,950,000
Price Range
$899,000 - $10,500,000
Pending Listings
4
Median Price
$1,609,061
Price Range
$800,000 - $5,950,000
Sold Listings
0
Median Price
$
Price Range
$ - $
Average Days on Market
Average List To Sale Percentage
%
SURROUNDING COMMUNITIES (ARROWHEAD VILLAS, CEDAR GLEN, CREST ESTATES, CREST PARK, DEER LODGE PARK, RIM FOREST, SKYFOREST, TWIN PEAKS)
New Listings
9
Median Price
$249,900
Price Range
$149,000 - $449,000
Active Listings
186
Median Price
$249,000
Price Range
$99,900 - $1,997,000
Pending Listings
15
Median Price
$219,900
Price Range
$118,900 - $595,000
Sold Listings
3
Median Price
$185,000
Price Range
$125,000 - $245,000
Average Days on Market
296.0
Average List To Sale Percentage
92.5%
CRESTLINE
New Listings
5
Median Price
$260,000
Price Range
$71,900 - $747,000
Active Listings
198
Median Price
$259,450
Price Range
$71,900 - $1,800,000
Pending Listings
18
Median Price
$172,500
Price Range
$83,750 - $444,900
Sold Listings
5
Median Price
$160,000
Price Range
$116,000 - $303,500
Average Days on Market
135.8
Average List To Sale Percentage
90.6%
RUNNING SPRINGS AREAS (RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)
New Listings
9
Median Price
$200,000
Price Range
$59,900 - $599,950
Active Listings
226
Median Price
$265,000
Price Range
$59,900 - $4,600,000
Pending Listings
22
Median Price
$163,750
Price Range
$81,370 - $449,900
Sold Listings
4
Median Price
$271,500
Price Range
$125,000 - $390,000
Average Days on Market
127.3
Average List To Sale Percentage
92.0%
* ALL FIGURES TAKEN FROM THE RIM O' THE WORLD MULTIPLE LISTING SERVICE AND ARE DEEMED RELIABLE, BUT NOT GUARANTEED.