Greg and Michelle Steffens 909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com
WEEKLY MARKET UPDATE (10/12/08 through 10/18/08)
Numbers of total inventory continue to decline with the colder months looming on the horizon. Many owners are deciding to pull their homes off the market and wait for Spring - a tactic I usually do NOT encourage....it is hard to sell something that isn't for sale (not to mention that we live in a four-season area where many people are looking for a winter getaway for skiing and/or boarding, to enjoy snow falling on the trees, snowball fights, etc - we definitely DO sell homes in the Fall/Winter seasons).
Total inventory sits at 983 units currently, with 83 homes in escrow as of this morning - slightly down from the week prior.
In the last three weeks, there have been 8 new lakefront listings, bringing the total number of lakeside properties for sale up to 42.
It was a good week for sales, with 13 properties successfully closing escrow. These properties averaged 94.4% of their list prices and were on the market an average of 110.8 days (under 3 months - not bad).
ARROWHEAD WOODS
New Listings
11
Median Price
$425,000
Price Range
$215,000 - $635,000
Active Listings
417
Median Price
$539,000
Price Range
$190,000 - $5,995,000
Pending Listings
26
Median Price
$382,000
Price Range
$219,900 - $899,000
Sold Listings
6
Median Price
$289,000
Price Range
$169,000 - $405,000
Avg. Days on Market
93.4
Avg. List To Sale %
91.8%
LAKEFRONT HOMES
New Listings
2
Median Price
$2,468,500
Price Range
$1,637,000 - $3,300,000
Active Listings
42
Median Price
$2,487,500
Price Range
$879,000 - $9,950,000
Pending Listings
0
Median Price
$
Price Range
$ - $
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
$329,900
Price Range
$148,913 - $469,000
Active Listings
157
Median Price
$249,000
Price Range
$54,900 - $309,000
Pending Listings
17
Median Price
$169,000
Price Range
$54,900 - $309,000
Sold Listings
2
Median Price
$122,500
Price Range
$90,000 - $155,000
Avg. Days on Market
175
Avg. List To Sale %
92.7%
CRESTLINE
New Listings
9
Median Price
$174,900
Price Range
$84,500 - $375,000
Active Listings
161
Median Price
$234,000
Price Range
$59,900 - $695,000
Pending Listings
25
Median Price
$161,500
Price Range
$64,500 - $449,000
Sold Listings
3
Median Price
$195,000
Price Range
$48,500 - $332,000
Avg. Days on Market
49
Avg. List To Sale %
95.9%
RUNNING SPRINGS AREAS (RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)
New Listings
8
Median Price
$152,900
Price Range
$120,000 - $399,900
Active Listings
206
Median Price
$172,475
Price Range
$39,900 - $4,600,000
Pending Listings
15
Median Price
$170,450
Price Range
$93,900 - $2,100,000
Sold Listings
2
Median Price
$177,000
Price Range
$62,000 - $292,000
Avg. Days on Market
236.5
Avg. List To Sale %
97.1%
* ALL FIGURES TAKEN FROM THE RIM O' THE WORLD MULTIPLE LISTING SERVICE AND ARE DEEMED RELIABLE, BUT NOT GUARANTEED.