Greg and Michelle Steffens

Greg and Michelle Steffens
909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com


WEEKLY MARKET UPDATE
(06/29/08 through 07/05/08)


The biggest news for this past week was in Arrowhead Woods.  As predicted, the number of new listings was substantially higher as sellers rushed to get their homes listed prior to the holiday weekend.  Thirty four new properties were added to the inventory in Arrowhead Woods, bringing the total number of active listings up to 437.

Additional news in Lake Arrowhead real estate was Coldwell Banker's sale of a $5,950,000 lakefront property (which sold at full price after being on the market for over two years).

Overall, closed escrows were down this week (again, probably due to the holiday).  There were only 7 properties sold across the mountain.  With the exception of the aforementioned lakefront sale, days on market are low - less than 50 days on average.

Total inventory right now, from peak-to-peak, of single family residences sits at 1065 homes, with another 91 in escrow.


ARROWHEAD WOODS

New Listings

34

Median Price

$563,500

Price Range

$324,900 - $1,225,000

 

 

Active Listings

437

Median Price

$536,900

Price Range

$214,900 - $1,795,000

 

 

Pending Listings

25

Median Price

$399,500

Price Range

$252,500 - $899,000

 

 

Sold Listings

2

Median Price

$1,032,000

Price Range

$389,000 - $1,675,000

Average Days on Market

103.5

Average List To Sale Percentage

92.6%


LAKEFRONT HOMES

New Listings

0

Median Price

$

Price Range

$ - $

 

 

Active Listings

34

Median Price

$2,973,500

Price Range

$899,000 - $10,500,000

 

 

Pending Listings

4

Median Price

$1,410,450

Price Range

$800,000 - $2,222,222

 

 

Sold Listings

1

Median Price

$5,950,000

Price Range

$ - $

Average Days on Market

875

Average List To Sale Percentage

100%



SURROUNDING COMMUNITIES 
(ARROWHEAD VILLAS, CEDAR GLEN, CREST ESTATES, CREST PARK, 
DEER LODGE PARK, RIM FOREST, SKYFOREST, TWIN PEAKS)

New Listings

9

Median Price

$199,000

Price Range

$159,000 - $249,900

 

 

Active Listings

188

Median Price

$249,000

Price Range

$99,900 - $1,997,000

 

 

Pending Listings

15

Median Price

$219,000

Price Range

$118,900 - $595,000

 

 

Sold Listings

1

Median Price

$225,000

Price Range

$ - $

Average Days on Market

7

Average List To Sale Percentage

102.3%


CRESTLINE

New Listings

7

Median Price

$333,000

Price Range

$159,000 - $649,000

 

 

Active Listings

187

Median Price

$2260,000

Price Range

$71,900 - $1,800,000

 

 

Pending Listings

22

Median Price

$172,500

Price Range

$83,750 - $444,900

 

 

Sold Listings

2

Median Price

$267,500

Price Range

$210,000 - $325,000

Average Days on Market

62

Average List To Sale Percentage

90.8%



RUNNING SPRINGS AREAS
(RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)

New Listings

9

Median Price

$189,000

Price Range

$79,000 - $625,000

 

 

Active Listings

219

Median Price

$265,000

Price Range

$59,900 - $4,600,000

 

 

Pending Listings

25

Median Price

$155,000

Price Range

$81,370 - $449,900

 

 

Sold Listings

1

Median Price

$325,000

Price Range

$ - $

Average Days on Market

18

Average List To Sale Percentage

98.8%


* ALL FIGURES TAKEN FROM THE RIM O' THE WORLD MULTIPLE LISTING SERVICE AND ARE DEEMED RELIABLE, BUT NOT GUARANTEED.