Greg and Michelle Steffens

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.