March 2015 Big Bear Real Estate Stats/Sold & Pending Properties

We just returned from a long, much needed, vacation; so I thought I would send out both the monthly statistics and sold/pending properties in one email, since we weren’t around at the beginning of the month.  We hope everyone got their taxes done on time and that it’s time to think about a new tax deduction that you can enjoy on the weekends!  As you can see, sales stayed strong through the end of the ski/snow-board season and both sales prices and average $/sqft ticked up again in almost all of the areas that we track.  As usually happens this time of year, the inventory has gone up about 15% over the last month, as owners who have been renting all season (especially in Moonridge) decide to test the waters and see what they can get for their property.  Unfortunately, as we’ve discussed in the past, most of these new listings are usually at what you would consider a “make me move” price, because the owners will only sell at a price that makes it worth giving up their rental income; so it leads to an artificially high inventory through the spring and summer months.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 25  $216,546 $170.02 98% 114
BBL-general 12  $300,616 $204.44 98% 102
BBL-lakeview  3  $664,333 $304.73 94% 143
BBL-lakefront  3 $1,005,000 $502.12 94% 101
FAWN  2  $311,000 $218.83 93%  70
FOX  2  $950,000 $256.37 92% 223
MOON 19  $314,550 $234.97 97% 110
SUGA 15  $144,583 $148.33 97% 119
116 Sold:
196 Pending/Back-up:
Finally, here’s a link to this week’s “What’s Up at 7000ft”.  Highlights this weekend include Aaron’s Big Bass Fishing Tournament, the Village Faire at Nottingham’s, and the Diamond Rio concert at the Cave.
Posted on April 18, 2015 at 9:34 am
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Listings, Marketing Reports, Regional News | Tagged , , , ,

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