Greg and Michelle Steffens

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


WEEKLY MARKET UPDATE
(08/09/09 through 08/15/09)


This was  an unusually slow week for sales in our multiple listing service with only 4 properties successfully closing escrow across the mountain (from Crestline, through Lake Arrowhead and Running Springs).  These 4 homes averaged 162.0 days on market and an average list-to-sale percentage of a healthy 96.7%.

Right now there are 896 single family dwellings listed for sale in our MLS with another 139 properties currently in escrow.  Thirty six new listings were added to the mix over the last 7 days.


ARROWHEAD WOODS

New Listings

9

Median Price

$439,000

Price Range

$259,000 - $1,150,000

 

 

Active Listings

404

Median Price

$499,000

Price Range

$149,000 - $3,450,000

 

 

Pending Listings

42

Median Price

$342,000

Price Range

$99,800 - $2,100,000

 

 

Sold Listings

2

Median Price

$273,750

Price Range

$247,500 - $300,000

Avg. Days on Market

83.0

Avg. List To Sale %

99.3%

 

LAKEFRONT HOMES

New Listings

2

Median Price

$2,097,000

Price Range

$1,399,000 - $2,795,000

 

 

Active Listings

46

Median Price

$2,537,500

Price Range

$160,000 - $9,500,000

 

 

Pending Listings

3

Median Price

$999,000

Price Range

$749,000- $1,398,000

 

 

Sold Listings

1

Median Price

$1,350,000

Price Range

$ - $

Avg. Days on Market

119.0

Avg. List To Sale %

100.0%


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

New Listings

8

Median Price

$152,400

Price Range

$59,000 - $739,000

 

 

Active Listings

120

Median Price

$230,700

Price Range

$54,900 - $1,495,000

 

 

Pending Listings

30

Median Price

$120,950

Price Range

$54,900 - $450,000

 

 

Sold Listings

0

Median Price

$

Price Range

$ - $

Avg. Days on Market

 

Avg. List To Sale %

%


CRESTLINE

New Listings

10

Median Price

$242,000

Price Range

$54,900 - $459,000

 

 

Active Listings

151

Median Price

$225,000

Price Range

$50,000 - $1,195,000

 

 

Pending Listings

39

Median Price

$148,500

Price Range

$43,510 - $529,000

 

 

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

7

Median Price

$169,000

Price Range

$64,900 - $625,000

 

 

Active Listings

175

Median Price

$219,000

Price Range

$63,500 - $3,400,000

 

 

Pending Listings

25

Median Price

$130,000

Price Range

$64,300 - $377,000

 

 

Sold Listings

1

Median Price

$100,000

Price Range

$ - $

Avg. Days on Market

284.0

Avg. List To Sale %

90.9%


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