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.