Greg and Michelle Steffens

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


WEEKLY MARKET UPDATE
(07/06/08 through 07/12/08)


As expected, the number of new listings in Arrowhead Woods dropped from 34 the previous week to 13 this week (most people pushed to get the houses on the market for the holiday weekend).  This puts the total number of homes in Arrowhead Woods (single family residences, not including condos or lakefronts) at 438.

All lakefront inventory under $1 million is either sold or in escrow...I still feel this will be a strong year for the lakefront segment of our market.

The rest of the mountain fared pretty much the same as the prior week.  Mountain-wide, the total number of listings is down a tad ( to 1062) and the number of homes in escrow are up a tad (to 102).  Nine homes sold last week and the days on market are still relatively low (on average 92.2 days).


ARROWHEAD WOODS

New Listings

13

Median Price

$549,000

Price Range

$269,900 - $1,599,000

 

 

Active Listings

438

Median Price

$537,950

Price Range

$210,000 - $5,995,000

 

 

Pending Listings

27

Median Price

$399,000

Price Range

$225,000 - $899,000

 

 

Sold Listings

3

Median Price

$370,000

Price Range

$289,500 - $459,000

Avg. Days on Market

108.3

Avg. List To Sale %

95.8%


LAKEFRONT HOMES

New Listings

1

Median Price

$824,900

Price Range

$ - $

 

 

Active Listings

34

Median Price

$2,973,500

Price Range

$1,150,000 - $10,500,000

 

 

Pending Listings

5

Median Price

$995,900

Price Range

$800,000 - $2,222,222

 

 

Sold Listings

0

Median Price

$

Price Range

$ - $

Avg. Days on Market

 

Avg. List To Sale %

%



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

New Listings

3

Median Price

$259,000

Price Range

$225,000 - $625,000

 

 

Active Listings

184

Median Price

$249,000

Price Range

$99,900 - $1,997,000

 

 

Pending Listings

16

Median Price

$197,000

Price Range

$100,000 - $595,000

 

 

Sold Listings

3

Median Price

$215,000

Price Range

$135,000 - $330,000

Avg. Days on Market

30

Avg. List To Sale %

98.0%


CRESTLINE

New Listings

9

Median Price

$249,000

Price Range

$34,900 - $449,000

 

 

Active Listings

188

Median Price

$260,000

Price Range

$34,900 - $1,800,000

 

 

Pending Listings

23

Median Price

$159,900

Price Range

$83,750 - $444,900

 

 

Sold Listings

1

Median Price

$295,000

Price Range

$ - $

Avg. Days on Market

0

Avg. List To Sale %

98.7%



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

New Listings

6

Median Price

$244,500

Price Range

$183,000 - $400,000

 

 

Active Listings

218

Median Price

$265,000

Price Range

$54,900 - $4,600,000

 

 

Pending Listings

31

Median Price

$150,000

Price Range

$81,370 - $449,900

 

 

Sold Listings

2

Median Price

$222,450

Price Range

$99,900 - $345,000

Avg. Days on Market

230.5

Avg. List To Sale %

84.2%


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