Below are the Big Bear real estate
stats for the month of December. As of today, there are 425 listings available in the Big Bear MLS. As usually happens this time of year, buyers tend to focus more on the areas closer to the slopes. This year, the Mammoth buy-out seems to have intensified that effect. Prices are expected to continue to rise, especially as the expected improvements from Mammoth begin to roll out. So far, the rumored improvements include connecting the resorts between the existing slopes and adding a second “Village area” along Moonridge Road. While these changes would undoubtedly bring further advances in the Moonridge area, now is a great time to look at properties closer to the Lake, which should benefit from these improvements as well and get less attention at this time of year.
For those of you looking for a little more creative financing on your purchase, we just started working with HomeStreet Bank. They’ve been in WA and HI for several years; but they are just getting started in the CA market, so they’re offering great rates and some very attractive loan options, such as a no-cost HELOC to cover your down-payment and the return of the 80-10-10 loan to avoid PMI w/out having to put 20% down. If you’d like more information, just let us know and we can put you in touch with our local loan officer.
We hope you’re all having a great New Year so far! Up here, we’ve made it through the busiest two holiday weeks we’ve seen in years. There were MILLIONS of visitors over the last 18 days and it was a little difficult to show properties because pretty much every property on a rental program was […] Continue reading →
It looks like it’s definitely going to be a White Christmas up here! We’ve gotten about a foot of snow over the last week and there’s a chance of a little more on Saturday. Below are last month’s Big Bear real estate statistics. I took off 2 outliers (one that was a serious fixer in […] Continue reading →
Hi folks! I hope everyone is drying out from the last couple of days. Because it was a warm-water storm (“Pineapple Express”), we got mostly rain up here; but we’re not complaining because it was great for the Lake (up over half a foot just this week)! Below are the monthly lists of “Sold” and […] Continue reading →
With the cold, dry air we’ve been experiencing recently, they’ve been busy blowing snow at both resorts and both sledding areas are ready to ride! Below are the Big Bear real estate stats for last month. With the strong rate of sales, inventory has dropped another 5% in the last 2 weeks and we are […] Continue reading →
Here are last month’s lists of Big Bear’s “Sold” and “Pending/Back-up” properties . The numbers are up again and so many single-family residences sold last month that we are down to less than a 5-month supply! In fact, our inventory has dropped almost 20% in just the last 6 weeks! I believe there are two […] Continue reading →
Here are last month’s Big Bear real estate statistics. Once again, the average $/sqft has held strong or risen over the previous month in every area that we track. With the recent “Mammoth merger” and the oncoming winter season, this trend is expected to accelerate. Big Bear was even mentioned in a recent “Money” magazine […] Continue reading →
Here are the lists of “sold” and “pending/back-up” Big Bear real estate for the month of Sept.: 137 Sold: XPROP – Multi Row View 207 Pending/Back-up: XPROP – Multi Row View As you can see, sales continue to climb and are expected to accelerate even more with the recent Mammoth “merger” and the funding grant […] Continue reading →
Median Sales Price in Big Bear City 1 Br 2 Br 3 Br 4 Br All properties 1 yr 5 yr Max No. Bedrooms Jun – Sep ’14 y-o-y 3 months prior 1 year prior 5 years prior 1 bedroom $125,000 +28.5% $99,000 $97,250 $86,250 2 bedrooms $145,000 +20.8% $139,750 $120,000 $117,500 3 bedrooms […] Continue reading →
In case you missed it (and in case you need another reason why now is a great time to buy/own in Big Bear), it was just announced yesterday that the owners of Mammoth Mountain finally signed the deal to buy both Bear Mtn and Snow Summit for $38M! The deal has been in the works […] Continue reading →