Big Bear Real EstateFor BuyersFor SellersMarketing Reports November 21, 2012

Big Bear Real Estate October 2012 Sales Statistics

Hi folks!
Happy Thanksgiving!!!  We hope you can join us up in Big Bear for the holiday!  Both resorts are open – we took our nieces and nephews sledding and snowboarding yesterday and everyone had an awesome time; but be sure to book your lift tickets online ahead of time because Bear mountain has been selling out every day!  On Friday, we’ll have the annual Christmas tree-lighting ceremony in the Village and Santa will be there for the kids!
Here are October’s stats for single family residences.  As of this morning, the inventory has fallen even further, with only 410 SFR’s for sale in the entire valley.  Of those, only 14 are REO’s (bank-owned) and only 3 of those are in the good rental areas (Big Bear Lake, Moonridge, and Fox Farm)!
As you can see, the average dollar per sqft has risen even more since last month in the majority of areas that we track and (as usually happens this time of year) the number of sales close to the ski resorts (Moonridge) has risen steeply (almost doubling since last month)!
Area #Sales Avg. Sale Avg. $/sqft LP/SP DOM
BBC 21   $150,457 $129.20 97%  81
BBL-general 20   $229,280 $159.98 94% 130
BBL-lakefront  2 $1,521,100 $382.82 93%  73
FAWN-general  3   $266,666 $158.30 95% 123
FAWN-lakefront  1 $1,850,000 $518.50 84% 143
FOX  7   $361,714 $184.12 96% 144
MOON 30   $237,685 $171.67 98% 104
SUGA 25     $96,004 $103.04 96%  60

Have a great holiday!!