Greg and Michelle Steffens 909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com
WEEKLY MARKET UPDATE (08/17/08 through 08/23/08)
Forty new listings his the market this past week (10 more than the week prior), bring the total inventory in our MLS for single family homes to 1063 units. We continue to see about 100 homes in escrow, but this last week had almost twice as many properties close escrow (18) than the prior week (10).
Days on market took a huge drop - way under 100 days - to 89.1, while the list -to-sale percentage only went down 1% to 95.2%.
Should the three pending lakefront sales close escrow successfully, the median sale price for lakefront homes this year will go up significantly - perhaps to exceed 2007's median....
ARROWHEAD WOODS
New Listings
11
Median Price
$635,000
Price Range
$229,900 - $1,575,000
Active Listings
451
Median Price
$547,000
Price Range
$199,000 - $5,995,000
Pending Listings
33
Median Price
$420,000
Price Range
$229,900 - $1,637,000
Sold Listings
6
Median Price
$315,450
Price Range
$208,000 - $1,250,000
Avg. Days on Market
90.5
Avg. List To Sale %
95.2%
LAKEFRONT HOMES
New Listings
2
Median Price
$3,487,500
Price Range
$2,225,000 - $4,750,000
Active Listings
38
Median Price
$2,950,000
Price Range
$899,000 - $9,950,000
Pending Listings
3
Median Price
$2,495,000
Price Range
$2,225,000 - $4,750,000
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
9
Median Price
$249,000
Price Range
$149,950 - $899,000
Active Listings
183
Median Price
$249,000
Price Range
$85,000 - $1,997,000
Pending Listings
16
Median Price
$197,450
Price Range
$100,000 - $279,000
Sold Listings
2
Median Price
$478,500
Price Range
$182,000 - $775,000
Avg. Days on Market
59.5
Avg. List To Sale %
97.4%
CRESTLINE
New Listings
10
Median Price
$187,500
Price Range
$49,900 - $335,000
Active Listings
181
Median Price
$249,000
Price Range
$74,500 - $799,000
Pending Listings
23
Median Price
$177,000
Price Range
$49,900 - $444,900
Sold Listings
7
Median Price
$195,000
Price Range
$34,900 - $260,000
Avg. Days on Market
102.9
Avg. List To Sale %
93.8%
RUNNING SPRINGS AREAS (RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)
New Listings
8
Median Price
$192,000
Price Range
$129,900 - $2,500,000
Active Listings
210
Median Price
$259,000
Price Range
$49,900 - $4,600,000
Pending Listings
23
Median Price
$155,000
Price Range
$70,000 - $699,900
Sold Listings
3
Median Price
$138,000
Price Range
$130,000 - $155,000
Avg. Days on Market
18.7
Avg. List To Sale %
94.2%
* ALL FIGURES TAKEN FROM THE RIM O' THE WORLD MULTIPLE LISTING SERVICE AND ARE DEEMED RELIABLE, BUT NOT GUARANTEED.