Greg and Michelle Steffens 909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com
WEEKLY MARKET UPDATE (03/15/09 through 03/21/09)
Total inventory (of single family homes) in our multiple listing service bumped up some more to 728 homes. There are 92 homes that are in escrow right now - another increase over last week's report. In addition to the 92 in escrow, there are another 7 homes that are showing a status of "Contingent" in our MLS. This usually means that they have an accepted deal, but are waiting for final signatures to be received back from the bank (usually these are bank-owned or short sale deals).....4 of the contingent properties are short sales and 3 are bank-owned.
The number of new listings was down a bit compared to the prior week to 26 units. Only 4 homes sold, but with an average list to sale percentage of 99.5%! The average number of days on market for these properties was 116 days.
ARROWHEAD WOODS
New Listings
14
Median Price
$562,500
Price Range
$254,500 - $2,950,000
Active Listings
319
Median Price
$499,900
Price Range
$156,000 - $5,995,000
Pending Listings
25
Median Price
$359,900
Price Range
$147,250 - $1,100,000
Sold Listings
1
Median Price
$699,000
Price Range
$ - $
Avg. Days on Market
109.0
Avg. List To Sale %
100.0%
LAKEFRONT HOMES
New Listings
1
Median Price
$2,200,000
Price Range
$ - $
Active Listings
37
Median Price
$2,575,000
Price Range
$160,000 - $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
5
Median Price
$193,725
Price Range
$129,000 - $219,000
Active Listings
104
Median Price
$219,000
Price Range
$54,900 - $1,779,000
Pending Listings
17
Median Price
$123,000
Price Range
$54,900 - $499,000
Sold Listings
2
Median Price
$322,000
Price Range
$265,000 - $379,000
Avg. Days on Market
190
Avg. List To Sale %
99.9%
CRESTLINE
New Listings
4
Median Price
$184,900
Price Range
$44,900 - $449,000
Active Listings
130
Median Price
$222,450
Price Range
$44,900 - $647,000
Pending Listings
31
Median Price
$149,900
Price Range
$75,719 - $645,000
Sold Listings
1
Median Price
$192,000
Price Range
$ - $
Avg. Days on Market
49.0
Avg. List To Sale %
98.5%
RUNNING SPRINGS AREAS (RUNNING SPRINGS, ARROWBEAR, GREEN VALLEY LAKE)
New Listings
3
Median Price
$315,000
Price Range
$249,000 - $490,000
Active Listings
138
Median Price
$239,450
Price Range
$40,000 - $4,600,000
Pending Listings
18
Median Price
$146,950
Price Range
$85,500 - $385,000
Sold Listings
0
Median Price
$
Price Range
$ - $
Avg. Days on Market
Avg. List To Sale %
%
* ALL FIGURES TAKEN FROM THE RIM O' THE WORLD MULTIPLE LISTING SERVICE AND ARE DEEMED RELIABLE, BUT NOT GUARANTEED.