This post covers only residential sales in Arrowhead Woods (not including condos, lots, or lakefront properties) for the first quarter of 2008 and shows listing and sales activity, including price ranges, median values and averages for days on market and list-to-sale percentages as compared to the first quarter of 2007.

Though we are down in the number of new listings and sales as compared to last year, the median prices for both listings and sales are up.  In fact, the median sale price rose by $80,000.  Days on market are longer this year, on average, by almost a month and a half and seller are a tad looser in their negotiating (by a percent or two). We're still seeing an increase in the number of properties that had to do a price reduction (at least one from their original list prices) - now close to 70%.

For other statistics and market information, please visit our website at:  www.gregsteffens.com or call us at 909.336.7971.   For a free market evaluation of your property, please contact us to schedule an appointment.