Greg and Michelle Steffens

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.