Lake Arrowhead, Crestline and Running Springs Real Estate - Weekly Market Update (03/29/09 through 04/04/09)

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

WEEKLY MARKET UPDATE
(03/29/09 through 04/04/09)

Total inventory (of single family homes) in our multiple listing service came down a bit to 723 homes, while the number of home currently in escrow climbed a bit to 93 properties. In addition to the houses in escrow, there are another 13 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).....8 of the contingent properties are short sales and 3 are bank-owned.

This past weeks numbers may be off a bit - especially considering the new listings. The reason being is that ReMax Lake Arrowhead was just purchased and renamed "Capre." Therefore, all the listings are transitioning from ReMax to Capre and had to be re-entered into the MLS with the new name. So, there were a total of 97 new listings in the MLS this week, but only 32 of them were with firms other than ReMax / Capre.

There were 9 sales over the past week with the average list-to-sale percentage of 90.5% and the average number of days on market at 204.3 days.

ARROWHEAD WOODS

New Listings	18
Median Price	$519,500
Price Range	$277,000 - $1,195,000

Active Listings	328
Median Price	$525,000
Price Range	$154,375 - $5,995,000

Pending Listings	33
Median Price	$299,900
Price Range	$119,900 - $1,100,000

Sold Listings	4
Median Price	$425,170
Price Range	$320,000 - $822,000
Avg. Days on Market	182.0
Avg. List To Sale %	95.2%

LAKEFRONT HOMES

New Listings	1
Median Price	$2,495,000
Price Range	$ - $

Active Listings	37
Median Price	$2,475,000
Price Range	$160,000 - $9,950,000

Pending Listings	0
Median Price	$
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	10
Median Price	$199,450
Price Range	$84,900 - $350,000

Active Listings	107
Median Price	$219,000
Price Range	$64,900 - $1,779,000

Pending Listings	19
Median Price	$160,000
Price Range	$54,900 - $499,000

Sold Listings	2
Median Price	$106,000
Price Range	$65,000 - $147,000
Avg. Days on Market	358.5
Avg. List To Sale %	81.6%

CRESTLINE

New Listings	3
Median Price	$329,000
Price Range	$294,000 - $339,900

Active Listings	132
Median Price	$224,900
Price Range	$44,900 - $599,000

Pending Listings	26
Median Price	$144,900
Price Range	$84,900 - $645,000

Sold Listings	0
Median Price	$
Price Range	$ - $
Avg. Days on Market
Avg. List To Sale %	%

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

New Listings	2
Median Price	$202,400
Price Range	$184,900 - $219,900

Active Listings	130
Median Price	$238,250
Price Range	$40,000 - $4,600,000

Pending Listings	15
Median Price	$129,900
Price Range	$88,900 - $348,500

Sold Listings	3
Median Price	$117,500
Price Range	$96,200 - $172,500
Avg. Days on Market	72.3
Avg. List To Sale %	94.8%

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