Below are last month’s Big Bear real estate stats. Once again, we see another month-over-month increase in the average sales price for the vast majority of areas that we track. According to Zillow, these trends are expected to continue: “Big Bear Lake home values have gone up 5.6% over the past year and Zillow predicts they will rise 6.8% within the next year.” and “Big Bear City home values have gone up 8.5% over the past year and Zillow predicts they will rise 7.3% within the next year.” With more and more buyers getting priced out of the markets in L.A., O.C., and San Diego, we are even seeing more first-time buyers up here now (just wanting to get something affordable that’s still in CA), in addition to all of the second-home-buyers that we normally get. If this trend continues, I think Zillow’s estimates will probably be a little lower than reality.
|Area||Total Sales||Avg. Sale||Av. $/sqft||SP/LP||DOM|
Here’s a link to this week’s “What’s Up at 7000ft”. Highlights this weekend include the continuing 44th Annual Big Bear Lake Oktoberfest, the 15th Annual Big Bear Lake International Film Festival, and the Autumn Wine Walk in the Village.
Have a fantastic weekend!