Lake Arrowhead, Crestline and Running Springs Real Estate - Weekly Market Update (09/28/08 through 10/04/08)

Greg and Michelle Steffens
909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com

WEEKLY MARKET UPDATE
(09/28/08 through 10/04/08)

The total number of active single family homes in our multiple listing service dipped down below 1000 units this past week to 995. This is a seasonal thing, so doesn't mean much more than we're approaching Fall and Summer is coming to an end.

Correspondingly, there are a fewer homes in escrow,,,but not by much - 89 to be exact (34 in Arrowhead Woods and 25 more in Crestline). There were healthy numbers of new listings across the mountain (45, with 20 of them in Arrowhead Woods) and 19 properties sold (11 of which were in the woods).

One lakefront home closed escrow for $3,490,00 which will bring the median sales prices of lakefront up a notch and another 3 lakefront listings hit the grid, bringing available lakefronts up to 39 homes.

ARROWHEAD WOODS

New Listings	20
Median Price	$572,000
Price Range	$299,000 - $1,299,000

Active Listings	427
Median Price	$547,500
Price Range	$190,000 - $5,995,000

Pending Listings	34
Median Price	$368,250
Price Range	$169,900 - $899,000

Sold Listings	11
Median Price	$4730,000
Price Range	$278,500 - $855,000
Avg. Days on Market	115.2
Avg. List To Sale %	95.6%

LAKEFRONT HOMES

New Listings	3
Median Price	$1,195,000
Price Range	$879,000 - $1,525,000

Active Listings	39
Median Price	$2,850,000
Price Range	$879,000 - $9,950,000

Pending Listings	1
Median Price	$2,495,000
Price Range	$ - $

Sold Listings	1
Median Price	$3,490,000
Price Range	$ - $
Avg. Days on Market	346
Avg. List To Sale %	88.4%

SURROUNDING COMMUNITIES
(ARROWHEAD VILLAS, CEDAR GLEN, CREST ESTATES, CREST PARK,
DEER LODGE PARK, RIM FOREST, SKYFOREST, TWIN PEAKS)

New Listings	8
Median Price	$244,500
Price Range	$133,000 - $519,000

Active Listings	167
Median Price	$240,000
Price Range	$74,900 - $1,289,000

Pending Listings	14
Median Price	$177,400
Price Range	$99,999 - $198,000

Sold Listings	1
Median Price	$153,000
Price Range	$ - $
Avg. Days on Market	42
Avg. List To Sale %	96.2%

CRESTLINE

New Listings	8
Median Price	$255,450
Price Range	$210,000 - $647,000

Active Listings	157
Median Price	$240,000
Price Range	$59,900 - $799,000

Pending Listings	25
Median Price	$168,000
Price Range	$44,900 - $168,000

Sold Listings	3
Median Price	$132,900
Price Range	$49,900 - $225,750
Avg. Days on Market	89.7
Avg. List To Sale %	90.2%

RUNNING SPRINGS AREAS
(RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)

New Listings	6
Median Price	$244,700
Price Range	$149,900 - $399,000

Active Listings	204
Median Price	$249,000
Price Range	$39,900 - $4,600,000

Pending Listings	16
Median Price	$203,350
Price Range	$64,500 - $2,100,000

Sold Listings	3
Median Price	$119,000
Price Range	$52,000 - $129,900
Avg. Days on Market	24.0
Avg. List To Sale %	97.2%

* ALL FIGURES TAKEN FROM THE RIM O' THE WORLD MULTIPLE LISTING SERVICE AND ARE DEEMED RELIABLE, BUT NOT GUARANTEED.