Greg and Michelle Steffens

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


WEEKLY MARKET UPDATE
(02/22/09 through 02/28/09)


Total inventory (of single family homes) in our multiple listing service took another drop this past week down to 706 homes.  There are another 87 homes that are in escrow right now.  The number of new listings, though, was up quite a bit to 24 units (though this is likely attributed to the recent bad weather).

Eleven homes sold, with an average list to sale percentage of 99.5% (and with a range of 92.4% to 109.6%) and with an average number of days on market of only 37.7 days.


ARROWHEAD WOODS

New Listings

11

Median Price

$495,000

Price Range

$179,900 - $1,675,000

 

 

Active Listings

309

Median Price

$499,000

Price Range

$162,500 - $5,995,000

 

 

Pending Listings

25

Median Price

$359,900

Price Range

$205,000 - $1,650,000

 

 

Sold Listings

3

Median Price

$378,500

Price Range

$250,000 - $640,000

Avg. Days on Market

21.7

Avg. List To Sale %

92.4%

 

LAKEFRONT HOMES

New Listings

0

Median Price

$

Price Range

$ - $

 

 

Active Listings

34

Median Price

$2,725,000

Price Range

$799,000 - $9,950,000

 

 

Pending Listings

1

Median Price

$2,150,000

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

1

Median Price

$299,000

Price Range

$ - $

 

 

Active Listings

104

Median Price

$229,450

Price Range

$54,900 - $1,779,000

 

 

Pending Listings

17

Median Price

$132,500

Price Range

$79,900 - $579,000

 

 

Sold Listings

1

Median Price

$166,250

Price Range

$ - $

Avg. Days on Market

8

Avg. List To Sale %

100%


CRESTLINE

New Listings

7

Median Price

$125,000

Price Range

$49,900 - $359,000

 

 

Active Listings

122

Median Price

$219,000

Price Range

$49,900 - $647,000

 

 

Pending Listings

30

Median Price

$171,500

Price Range

$56,900 - $645,000

 

 

Sold Listings

3

Median Price

$110,000

Price Range

$53,000 - $220,000

Avg. Days on Market

65.7

Avg. List To Sale %

109.6%


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

New Listings

5

Median Price

$199,000

Price Range

$100,000 - $250,000

 

 

Active Listings

137

Median Price

$249,000

Price Range

$40,000 - $4,600,000

 

 

Pending Listings

14

Median Price

$125,200

Price Range

$70,000 - $269,000

 

 

Sold Listings

4

Median Price

$130,950

Price Range

$93,000 - $380,000

Avg. Days on Market

55.3

Avg. List To Sale %

96.1%


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