Greg and Michelle Steffens

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.