Big Bear Real EstateFor BuyersFor SellersMarketing Reports July 20, 2012

Big Bear Happenings This Weekend/Real Estate Stats

Hi folks!
Below is a link to this week’s “What’s Up at 7000ft”.  Highlights include the Old Miner’s Day Parade, Summer Theater in the Village, and another free Summer Movie on the Beach – “Cars 2” (think “drive-in” at the beach).
Also, here are a few links that you might find helpful.  First, we’re always getting calls from people who are looking on secondary and tertiary websites such as Zillow, Trulia, etc. and finding properties with outdated prices or statuses (we get calls about properties that sold a year ago).  The reason for this is that these websites buy their data from someone that bought their data from the MLS where the data was originally inputted.  That’s why the actual MLS is ALWAYS going to be the most current source of up-to-date information,  The MLS is where the listing agent actually enters the data and makes any changes; and sometimes it can take months for those changes to trickle their way down to Trulia, etc.  Also, these websites (especially Zillow) don’t seem to know the difference between “active” and “active contingent”; so they continue to show short sale properties as “active” for months after an offer has been submitted to the bank.  If you have already registered on our new website, you can access the Big Bear MLS directly, just by logging in on the bottom left of the homepage.  If you registered on the old version of our site and would prefer to go directly to the Big Bear MLS, you can do so here: Big Bear Real Estate MLS Search.   Also, for those of you who get daily or weekly email updates from us, you can access the MLS directly by clicking on any of those links and then “Property Search”.
Finally, here’s the most recent data on our local real estate market.  While websites like Trulia are horrible for up-to-date information on specific properties, they can be very good sources of information on market trends.  As you can see, in 92315, the median sales price is up 12.5% in the last 3 months and 1.4% year-over-year:
1 yr 5 yr Max

92315, Big Bear Lake median sales prices

Number of sold homes in 92315, Big Bear Lake
Location Apr – Jun ’12 y-o-y 3 months prior 1 year prior 5 years prior
92315 $227,286 +1.4% $202,000 $224,174 $412,000
Big Bear Lake $227,286 +1.4% $202,000 $224,174 $419,500

Big Bear Lake, 92315 Summary

The median sales price for homes in ZIP code 92315 for Apr 12 to Jun 12 was $227,286. This represents an increase of 12.5%, or $25,286, compared to the prior quarter and an increase of 1.4% compared to the prior year. Sales prices have depreciated 44.8% over the last 5 years in 92315, Big Bear Lake. The median sales price of $227,286 for 92315 is 0.00% higher than the median sales price for Big Bear Lake CA. Average listing price for homes on Trulia in ZIP code 92315 was $459,412 for the week ending Jul 04, which represents an increase of 0.7%, or $2,979 compared to the prior week and an increase of 1.9%, or $8,739, compared to the week ending Jun 13. Average price per square foot for homes in 92315 was $185 in the most recent quarter, which is 0.00% higher than the average price per square foot for homes in Big Bear Lake.

Average Listing Price in 92315

92315, Big Bear Lake average property price

92315, Big Bear Lake - number of properties
Location Week ending
Jul 4
w-o-w Week ending
Jun 27
Week ending
Jun 20
Week ending
Jun 13
92315 $459,412 +0.7% $456,433 $450,184 $450,673
Big Bear Lake $477,002 +0.3% $475,417 $467,369 $467,280

Average Price Per Sqft for Homes in 92315

1 yr 5 yr Max

92315, Big Bear Lake average price per square foot

Location Apr – Jun ’12 y-o-y 3 months prior 1 year prior 5 years prior
92315 $185 -0.5% $175 $186 $375
Big Bear Lake $185 -0.5% $175 $186 $373