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.