Greg and Michelle Steffens 909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com
WEEKLY MARKET UPDATE (08/10/08 through 08/16/08)
It was a fairly average week on the mountain - 30 new listings makes 1073 the total number of single family homes currently for sale in our multiple listing service.
There are 98 homes in escrow right now and 10 properties successfully closed. The average days on market for the sold homes was 132.4 days and the average list-to-sale percentage was 96.2% (ranging from 91.0% in the Running Springs communities to 102.7% for the Crestline area).
Nothing too exciting...we're still seeing more buyer activity than we've seen in a while and I project that we'll see some price reductions and more new listings as we approach Labor Day Weekend.
ARROWHEAD WOODS
New Listings
13
Median Price
$455,000
Price Range
$268,500 - $899,000
Active Listings
463
Median Price
$544,000
Price Range
$199,000 - $5,995,000
Pending Listings
32
Median Price
$399,000
Price Range
$225,000 - $1,637,000
Sold Listings
1
Median Price
$345,000
Price Range
$ - $
Avg. Days on Market
36.0
Avg. List To Sale %
98.6%
LAKEFRONT HOMES
New Listings
1
Median Price
$2,499,000
Price Range
$ - $
Active Listings
39
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
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
$150,000
Price Range
$149,900 - $304,500
Active Listings
183
Median Price
$245,000
Price Range
$85,000 - $1,997,000
Pending Listings
14
Median Price
$189,500
Price Range
$100,000 - $799,000
Sold Listings
3
Median Price
$132,500
Price Range
$103,000 - $160,000
Avg. Days on Market
325.3
Avg. List To Sale %
92.4%
CRESTLINE
New Listings
6
Median Price
$262,500
Price Range
$164,900 - $399,000
Active Listings
181
Median Price
$249,000
Price Range
$84,900 - $799,000
Pending Listings
25
Median Price
$179,900
Price Range
$34,900 - $444,900
Sold Listings
2
Median Price
$199,662
Price Range
$150,323 - $249,000
Avg. Days on Market
48.5
Avg. List To Sale %
102.7%
RUNNING SPRINGS AREAS (RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)
New Listings
7
Median Price
$285,000
Price Range
$115,00 - $375,000
Active Listings
207
Median Price
$264,900
Price Range
$49,900 - $4,600,000
Pending Listings
25
Median Price
$160,000
Price Range
$70,000 - $699,900
Sold Listings
4
Median Price
$138,750
Price Range
$122,500 - $232,000
Avg. Days on Market
119.75
Avg. List To Sale %
91.0%
* ALL FIGURES TAKEN FROM THE RIM O' THE WORLD MULTIPLE LISTING SERVICE AND ARE DEEMED RELIABLE, BUT NOT GUARANTEED.