Big Bear Real EstateFor BuyersFor SellersGeneral InformationListingsMarketing ReportsRegional News September 15, 2016

August 2016 Big Bear Real Estate Statistics/What’s Up this weekend

As temperatures start to cool, the inventory has fallen to 551 Single family residences already.  That’s about a 10% drop from the peak a month ago. That makes this the last chance of the year to buy a property while there are still a relatively good number of choices and get it on a rental program by Thanksgiving.  Sales and prices remained strong for the last full month of Summer.  The only real exception is the one lakeview property that was on the market for 9 months.  It was located on a dirt road/driveway off of Edgemoor and had a very disjointed “two different houses stuck together” feeling because of a bad addition, so it sold for much less than a “normal” lakeview property.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC  29 $236,233 $185.41 98%  81
BBL-general  15 $385,460 $256.81 95%  79
BBL-lakeview   1 $320,000 $149.67 95% 270
BBL-lakefront   0 NA NA NA NA
FAWN   3 $286,600 $210.36 98%  55
FOX  11 $434,363 $228.79 97%  76
MOON  16 $406,662 $247.75 98%  85
SUGA  10 $174,240 $189.65 96%  43

 

Here’s a link to this week’s edition of “What’s Up at 7000ft”. This weekend’s highlights include the second weekend of the 46th Annual Big Bear Oktoberfest, the Kodiak 100 Ultra-marathon, and Aaron’s Big Bass Fishing Tournament.
Have a great weekend!!