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  Greg and Michelle Steffens

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


WEEKLY MARKET UPDATE
(05/03/09 through 05/09/09)


The inventory continues to build with 38 new listings added into the mix this past week.  This brings the total number of homes currently for sale in our multiple listing service to 829.  Additionally, there are exactly 100 homes in escrow.  Nine other properties successfully closed escrow over the last 7 days with list-to-sale percentages averaging 95.3% and with an average of 240.875 (though this figure is significantly skewed because one home in Green Valley Lake sold after having been on the market since June 2006).


ARROWHEAD WOODS

New Listings

18

Median Price

$524,000

Price Range

$299,000 - $975,000

 

 

Active Listings

377

Median Price

$499,000

Price Range

$140,500 - $5,995,000

 

 

Pending Listings

35

Median Price

$349,000

Price Range

$125,000 - $899,000

 

 

Sold Listings

4

Median Price

$285,000

Price Range

$211,000 - $505,000

Avg. Days on Market

184.0

Avg. List To Sale %

95.1%

 

LAKEFRONT HOMES

New Listings

1

Median Price

$2,495,000

Price Range

$ - $

 

 

Active Listings

45

Median Price

$2,425,000

Price Range

$160,000 - $9,950,000

 

 

Pending Listings

2

Median Price

$2,322,500

Price Range

$1,395,000 - $3,250,000

 

 

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

6

Median Price

$196,150

Price Range

$143,900 - $499,000

 

 

Active Listings

121

Median Price

$220,000

Price Range

$75,000 - $1,677,000

 

 

Pending Listings

16

Median Price

$196,363

Price Range

$99,900 - $499,000

 

 

Sold Listings

1

Median Price

$135,000

Price Range

$ - $

Avg. Days on Market

5.0

Avg. List To Sale %

95.1%


CRESTLINE

New Listings

4

Median Price

$105,000

Price Range

$80,000 - $299,500

 

 

Active Listings

139

Median Price

$224,90

Price Range

$44,900 - $1,100,000

 

 

Pending Listings

23

Median Price

$149,900

Price Range

$83,900 - $645,000

 

 

Sold Listings

2

Median Price

$97,500

Price Range

$70,000 - $125,000

Avg. Days on Market

126.0

Avg. List To Sale %

87.5%


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

New Listings

9

Median Price

$177,000

Price Range

$53,500 - $320,000

 

 

Active Listings

147

Median Price

$239,000

Price Range

$36,000 - $4,600,000

 

 

Pending Listings

24

Median Price

$142,375

Price Range

$74,900 - $519,000

 

 

Sold Listings

2

Median Price

$256,000

Price Range

$182,000 - $330,000

Avg. Days on Market

648.5

Avg. List To Sale %

93.4%


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