Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersMarketing Reports December 5, 2012

November 2012 Big Bear Real Estate “Sold” and “Pending/Back-up” lists

Hi folks,
Below are the lists of “sold” and “pending/back-up” properties for the month of November.  As you can see, the number of “solds” is holding very strong, even with the holiday at the end of last month.  I’ve also included the latest Trulia stats for the Big Bear Lake resort area (92315) which shows another 4.8% year-over-year increase in median sales price and an 8.7% increase in avg. $/sqft!  As you can also see, our number of sales is back to where we were at the peak of the market in 2006 (our market last peaked price-wise in the end of 2006 and sales-wise in the end of 2005).   If you look at the more outlying areas of Big Bear City (92314) and Sugarloaf (92386), where the prices dropped more from the peak than they did in the resort area, the numbers are even higher, with increases in median sales price of 13.8% and 8.0%, respectively!
132 Sold:
208 Pending/Back-up:
1 yr 5 yr Max

92315, Big Bear Lake median sales prices

Number of sold homes in 92315, Big Bear Lake
Location Aug – Oct ’12 y-o-y 3 months prior 1 year prior 5 years prior
Big Bear Lake $223,750 +4.8% $223,500 $213,500 $360,000
Big Bear Lake, 92315 Summary

The median sales price for homes in ZIP code 92315 for Aug 12 to Oct 12 was $222,500. This represents an increase of 0.2%, or $500, compared to the prior quarter and an increase of 4.2% compared to the prior year. Sales prices have depreciated 38.2% over the last 5 years in 92315, Big Bear Lake. Average listing price for homes on Trulia in ZIP code 92315 was $484,657 for the week ending Nov 28, which represents a decline of 0.1%, or $514 compared to the prior week and an increase of 0.3%, or $1,446, compared to the week ending Nov 07. Average price per square foot for homes in 92315 was $188 in the most recent quarter.

Average Listing Price in 92315

1 yr 5 yr Max

92315, Big Bear Lake average property price

92315, Big Bear Lake – number of properties
Location Week ending
Nov 28
w-o-w Week ending
Nov 21
Week ending
Nov 14
Week ending
Nov 7
Big Bear Lake $499,852 +0.2% $498,982 $495,634 $498,205
Average Price Per Sqft for Homes in 92315
1 yr 5 yr Max
92315, Big Bear Lake average price per square foot
Location Aug – Oct ’12 y-o-y 3 months prior 1 year prior 5 years prior
Big Bear Lake $188 +8.7% $182 $173 $303
Have a great rest of the week!!