Greg and Michelle Steffens

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


WEEKLY MARKET UPDATE
(11/09/08 through 11/15/08)


Inventory continues to decline, as is normal for this time of the year - sellers are pulling their homes off the market to wait for Spring....

The number of single-family homes (not including lots and condos) dipped under 900 units this past week, though 26 new homes entered the market.  Right now, there are 91 homes in escrow and another 10 homes successfully closed escrow.

Of the 10 homes that sold, the average days on market was a healthy 114.75 and the list-to-sale percentage averaged 94.5%.


ARROWHEAD WOODS

New Listings

14

Median Price

$617,000

Price Range

$200,000 - $1,399,000

 

 

Active Listings

388

Median Price

$499,700

Price Range

$189,900 - $5,995,000

 

 

Pending Listings

26

Median Price

$373,800

Price Range

$199,900 - $899,000

 

 

Sold Listings

4

Median Price

$559,500

Price Range

$369,000 - $965,000

Avg. Days on Market

119.8

Avg. List To Sale %

90.6%

 

LAKEFRONT HOMES

New Listings

1

Median Price

$1,575,000

Price Range

$ - $

 

 

Active Listings

39

Median Price

$2,575,000

Price Range

$879,000 - $9,950,000

 

 

Pending Listings

2

Median Price

$2,172,500

Price Range

$1,145,000 - $3,200,000

 

 

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

8

Median Price

$167,250

Price Range

$55,900 - $419,000

 

 

Active Listings

143

Median Price

$234,000

Price Range

$49,900 - $1,779,000

 

 

Pending Listings

19

Median Price

$169,000

Price Range

$54,900 - $449,000

 

 

Sold Listings

1

Median Price

$160,000

Price Range

$ - $

Avg. Days on Market

135

Avg. List To Sale %

100.3%


CRESTLINE

New Listings

2

Median Price

$224,700

Price Range

$94,500 - $354,900

 

 

Active Listings

143

Median Price

$235,000

Price Range

$64,500 - $695,000

 

 

Pending Listings

26

Median Price

$175,200

Price Range

$9,900 - $459,000

 

 

Sold Listings

0

Median Price

$

Price Range

$ - $

Avg. Days on Market

 

Avg. List To Sale %

%


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

New Listings

1

Median Price

$220,000

Price Range

$ - $

 

 

Active Listings

186

Median Price

$249,000

Price Range

$95,000 - $4,600,000

 

 

Pending Listings

18

Median Price

$170,450

Price Range

$55,000 - $2,100,000

 

 

Sold Listings

5

Median Price

$185,000

Price Range

$95,000 - $289,000

Avg. Days on Market

89.5

Avg. List To Sale %

92.5%


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