Greg and Michelle Steffens

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.