Greg and Michelle Steffens

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.