Greg and Michelle Steffens

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.