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Lake Arrowhead Real Estate: Weekly Market Update (2/10/08 through 2/16/08), Market Statistics and Current Trends

By
Real Estate Agent with Mountain Country Realty BRE#01228248

To be an informed seller or buyer, it is imperative to know what is happening in the current market.  There are many factors to determining the proper price when listing a home for sale.  There are just as many factors to help you decide whether you are getting good value for your dollar when you purchase a home.

Below is a weekly breakdown of new listings, homes sold, active listings and homes currently in escrow.  We have further broken down this information to show you median prices and price ranges, number of days on market and the percentages of list price to sales price.

To discuss your particular property and to get a more detailed idea of what your property is worth in our current market, including a free comparative market analysis, please call us.  If you are looking to buy a home and are wondering what is a good deal right now, please contact us right away.  Good deals go quickly!

To see previous weekly, monthly and quarterly statistics, visit our website at:  www.GregSteffens.com


WEEKLY MARKET UPDATE
(02/10/08 through 02/16/08)


ARROWHEAD WOODS

New Listings

10

Median Price

$439,450

Price Range

$300,000 - $1,250,000

 

 

Active Listings

303

Median Price

$549,000

Price Range

$229,000 - $6,995,000

 

 

Pending Listings

28

Median Price

$562,450

Price Range

$213,200 - $1,295,000

 

 

Sold Listings

5

Median Price

$580,000

Price Range

$295,000 - $1,535,000

Average Days on Market

362.2

Average List To Sale Percentage

95.8%



LAKEFRONT HOMES

New Listings

1

Median Price

$1,895,000

Price Range

$ - $

 

 

Active Listings

27

Median Price

$2,850,000

Price Range

$995,900 - $9,950,000

 

 

Pending Listings

3

Median Price

$2,250,000

Price Range

$1,775,000 - $2,950,000

 

 

Sold Listings

0

Median Price

$

Price Range

$ - $

Average Days on Market

 

Average List To Sale Percentage

%



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

New Listings

5

Median Price

$345,000

Price Range

$124,950 - $389,000

 

 

Active Listings

157

Median Price

$265,000

Price Range

$99,900 - $1,619,100

 

 

Pending Listings

13

Median Price

$214,900

Price Range

$175,000 - $395,000

 

 

Sold Listings

0

Median Price

$

Price Range

$ - $

Average Days on Market

 

Average List To Sale Percentage

%



CRESTLINE

New Listings

15

Median Price

$269,900

Price Range

$159,900 - $649,000

 

 

Active Listings

147

Median Price

$263,000

Price Range

$37,500 - $1,650,000

 

 

Pending Listings

18

Median Price

$179,500

Price Range

$119,900 - $489,900

 

 

Sold Listings

1

Median Price

$250,000

Price Range

$ - $

Average Days on Market

133.0

Average List To Sale Percentage

92.9%



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

New Listings

7

Median Price

$227,700

Price Range

$159,900 - $539,000

 

 

Active Listings

201

Median Price

$269,000

Price Range

$94,500 - $1,395,000

 

 

Pending Listings

11

Median Price

$253,600

Price Range

$189,000 - $499,900

 

 

Sold Listings

1

Median Price

$320,000

Price Range

$ - $

Average Days on Market

27.0

Average List To Sale Percentage

100%


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