Lake Gregory sales past 90 days

Crestline/Lake Gregory Home sales in the past 90 days...

53 Sales

$29,161-$453,000

Median sales price: $127,000 (at 96% of list price)

Average Days on Market 65

29 of the 53 were bank owned, 55% of the sales being REO is down from the previous 90 days at 68% REO when the median price was $129,500.

Hopefully the prices will continue to stabalize and the REO sales will stop driving the prices down. There are currently 16 active bank owned properties in Crestline, still plenty of opportunity to buy a dream cabin at a fraction of the cost.

According to CAR (http://www.car.org/newsstand/newsreleases/augustsalesandprice/) "The statewide median price of an existing single-family home increased 2.6 percent in August to $292,960, compared with July 2009."

With Lake Gregory coming in at 44% of the average home in California, I'd say there's never been a better time to buy! Come up for some fresh air!

Holly Galligan Coldwell Banker Sky Ridge Realty direct:909-336-7937 cell: 909-838-8715 jhgalligan@msn.com http://www.thearrowheadlife.com DRE license #01435203

Statistics data gathered from Rim O' the World MLS 10/7/09. Photo courtesy of cityofcrestline.com