Lake Arrowhead, Crestline and Running Springs Real Estate - Weekly Market Update (04/12/09 through 04/18/09)

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

WEEKLY MARKET UPDATE
(04/12/09 through 04/18/09)

Total inventory (of single family homes) in our multiple listing service is up to 765 homes, while the number of home currently in escrow has climbed to 102 properties.

In addition to the houses in escrow, there are another 18 homes that are showing a status of "Contingent" in our MLS. In our current marketplace, 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).....9 of the contingent properties are short sales and 4 are bank-owned. The remaining 5 contingent properties probably represent "true" contingent sales (when the buyer must sell another property before they can perform on the new property).

There were 7 sales over the past week with the average list-to-sale percentage of 97.6% and the average number of days on market at 119.25 days.

ARROWHEAD WOODS

New Listings	14
Median Price	$567,250
Price Range	$299,000 - $1,990,000

Active Listings	352
Median Price	$524,950
Price Range	$142,900 - $5,995,000

Pending Listings	36
Median Price	$290,750
Price Range	$119,900 - $999,000

Sold Listings	2
Median Price	$666,500
Price Range	$499,000 - $834,000
Avg. Days on Market	312.5
Avg. List To Sale %	95.4%

LAKEFRONT HOMES

New Listings	3
Median Price	$5,750,000
Price Range	$1,400,000 - $7,775,000

Active Listings	39
Median Price	$2,425,000
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	8
Median Price	$249,500
Price Range	$75,000 - $679,000

Active Listings	116
Median Price	$219,500
Price Range	$75,000 - $1,779,000

Pending Listings	18
Median Price	$169,500
Price Range	$64,900 - $499,000

Sold Listings	1
Median Price	$114,900
Price Range	$ - $
Avg. Days on Market	18.0
Avg. List To Sale %	100.0%

CRESTLINE

New Listings	9
Median Price	$195,000
Price Range	$94,500 - $849,000

Active Listings	124
Median Price	$225,000
Price Range	$44,900 - $849,000

Pending Listings	26
Median Price	$133,950
Price Range	$83,900 - $645,000

Sold Listings	4
Median Price	$110,000
Price Range	$85,500 - $195,000
Avg. Days on Market	27.25
Avg. List To Sale %	97.3%

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

New Listings	6
Median Price	$257,450
Price Range	$139,000 - $875,000

Active Listings	134
Median Price	$249,000
Price Range	$40,000 - $4,600,000

Pending Listings	22
Median Price	$146,950
Price Range	$79,500 - $358,000

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.