For BuyersFor SellersGeneral Information June 23, 2010

Summer in Big Bear

You are cordially invited to our weekly BBQ’s at Shore Acres Lodge.   Shore Acres is the oldest lakefront lodge up here and the Mon. night BBQ’s are a Big Bear tradition since the 1950’s!   The BBQ’s start the Mon. after the 4th of July and run through Labor Day.   Shore Acres is also a great place to hang out on the beach and catch the amazing fireworks show that Big Bear puts on every year for the 4th of July!!

Below is the monthly link to the CA Sales and Price Report.   Sales were up again in May and the Median Price was up 23.2% from the same time last year (and up 32.3% from the market trough at the beginning of 2009)!!   According to the article, the continued low supply should result in further price increases: œMay also marked the fifth month of double-digit gains in the median price, indicative of strong buyer demand relative to the supply of homes for sale. With a 4.6-month supply of homes for sale, unsold inventory continues to be well below the long-run average of seven months, and will continue to drive price appreciation over the next several months.