Greg and Michelle Steffens

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


WEEKLY MARKET UPDATE
(03/22/09 through 03/28/09)


Total inventory (of single family homes) in our multiple listing service bumped up yet again to 741 homes.  There are 86 homes that are in escrow right now.  In addition to the houses in escrow, there are another 11 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).....5 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.  Twelve homes sold with an average list to sale percentage of 93% (6 of the 12 were bank-owned). The average number of days on market for these properties was 145.7 days.


ARROWHEAD WOODS

New Listings

14

Median Price

$499,000

Price Range

$269,900 - $1,695,000

 

 

Active Listings

324

Median Price

$499,450

Price Range

$154,375 - $5,995,000

 

 

Pending Listings

27

Median Price

$339,000

Price Range

$119,900 - $1,100,000

 

 

Sold Listings

2

Median Price

$404,825

Price Range

$324,750 - $484,900

Avg. Days on Market

191.5

Avg. List To Sale %

91.6%

 

LAKEFRONT HOMES

New Listings

3

Median Price

$2,475,000

Price Range

$1,395,000 - $2,950,000

 

 

Active Listings

37

Median Price

$2,475,000

Price Range

$160,000 - $9,950,000

 

 

Pending Listings

0

Median Price

$

Price Range

$ - $

 

 

Sold Listings

1

Median Price

$1,900,000

Price Range

$ - $

Avg. Days on Market

31

Avg. List To Sale %

88.4%


SURROUNDING COMMUNITIES 
(ARROWHEAD VILLAS, CEDAR GLEN, CREST ESTATES, CREST PARK, 
DEER LODGE PARK, RIM FOREST, SKYFOREST, TWIN PEAKS)

New Listings

10

Median Price

$209,450

Price Range

$104,900 - $795,000

 

 

Active Listings

110

Median Price

$219,000

Price Range

$64,900 - $1,779,000

 

 

Pending Listings

17

Median Price

$125,000

Price Range

$54,900 - $499,000

 

 

Sold Listings

2

Median Price

$104,950

Price Range

$79,900 - $130,000

Avg. Days on Market

20.5

Avg. List To Sale %

91.7%


CRESTLINE

New Listings

6

Median Price

$157,450

Price Range

$79,900 - $319,000

 

 

Active Listings

132

Median Price

$222,450

Price Range

$44,900 - $647,000

 

 

Pending Listings

25

Median Price

$157,200

Price Range

$75,719 - $595,000

 

 

Sold Listings

2

Median Price

$335,360

Price Range

$75,719 - $595,000

Avg. Days on Market

209.5

Avg. List To Sale %

100.0%


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

New Listings

4

Median Price

$239,000

Price Range

$100,000 - $357,000

 

 

Active Listings

138

Median Price

$239,450

Price Range

$40,000 - $4,600,000

 

 

Pending Listings

17

Median Price

$144,000

Price Range

$88,900 - $385,000

 

 

Sold Listings

5

Median Price

$230,000

Price Range

$83,000 - $330,000

Avg. Days on Market

276.2

Avg. List To Sale %

93.1%


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