Greg and Michelle Steffens 909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com
WEEKLY MARKET UPDATE (07/27/08 through 08/02/08)
The market, as a whole, was a notch down from the previous week: 33 new listings on the market (42 the week before) brings the total number of listings (single family residenceds only) to 1058 (down from 1062 the week prior).
There are 97 homes currently in escrow (down 3 from 100 exactly the previous week) and 12 homes sold (versus 15 the week before). Days on market went up quite a bit, averaging 174.25 days and the list to sale percentages dropped from 97.2% to 91.3%.
Again, lots of action in the low-end of the market. Buyers are snatching up listings as they come on the market, especially bank-owned homes in good condition (some are in great shape). Have a tight relationship with your Realtor to be in the loop when new listings are getting ready to be listed....
ARROWHEAD WOODS
New Listings
13
Median Price
$679,000
Price Range
$399,000 - $5,995,000
Active Listings
454
Median Price
$559,00
Price Range
$199,000 - $5,995,000
Pending Listings
23
Median Price
$329,000
Price Range
$225,000 - $899,000
Sold Listings
4
Median Price
$425,000
Price Range
$242,000 - $750,000
Avg. Days on Market
189.5
Avg. List To Sale %
94.9%
LAKEFRONT HOMES
New Listings
1
Median Price
$9,500,000
Price Range
$ - $
Active Listings
35
Median Price
$2,950,000
Price Range
$899,000 - $10,500,000
Pending Listings
2
Median Price
$1,324,950
Price Range
$824,900 - $1,825,000
Sold Listings
1
Median Price
$1,950,000
Price Range
$ - $
Avg. Days on Market
199.0
Avg. List To Sale %
87.75%
SURROUNDING COMMUNITIES (ARROWHEAD VILLAS, CEDAR GLEN, CREST ESTATES, CREST PARK, DEER LODGE PARK, RIM FOREST, SKYFOREST, TWIN PEAKS)
New Listings
5
Median Price
$223,900
Price Range
$109,900 - $424,900
Active Listings
178
Median Price
$249,000
Price Range
$107,900 - $1,997,000
Pending Listings
17
Median Price
$169,000
Price Range
$69,900 - $799,000
Sold Listings
3
Median Price
$161,000
Price Range
$159,000 - $255,000
Avg. Days on Market
204.0
Avg. List To Sale %
91.9%
CRESTLINE
New Listings
9
Median Price
$247,000
Price Range
$169,900 - $695,000
Active Listings
182
Median Price
$249,450
Price Range
$70,900 - $799,000
Pending Listings
26
Median Price
$173,450
Price Range
$34,900 - $444,900
Sold Listings
0
Median Price
$
Price Range
$1 - $
Avg. Days on Market
Avg. List To Sale %
%
RUNNING SPRINGS AREAS (RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)
New Listings
5
Median Price
$209,000
Price Range
$150,00 - $399,900
Active Listings
209
Median Price
$265,000
Price Range
$49,900 - $4,600,000
Pending Listings
29
Median Price
$160,000
Price Range
$83,000 - $699,900
Sold Listings
4
Median Price
$135,000
Price Range
$81,370 - $149,000
Avg. Days on Market
104.5
Avg. List To Sale %
90.6%
* ALL FIGURES TAKEN FROM THE RIM O' THE WORLD MULTIPLE LISTING SERVICE AND ARE DEEMED RELIABLE, BUT NOT GUARANTEED.