June 2017 Big Bear Real Estate Stats/What’s Up this Weekend

As summer kicks into full gear, we are currently at 538 Single family residences on the market.  Last month, there were a total of 147 sold properties and another 207 in escrow (Pending/Back-up).  As prices continue to rise closer to the Lake and slopes, the more distant areas are increasing even more, with Big Bear City averaging more than $200/sqft and even Sugarloaf at almost $200/sqft!!  As usual, the larger the home, the lower the $/sqft (land value comes less into play), so that explains why the average $/sqft for BBL-lakeview and Fox Farm appear lower, even though the average sale prices increased significantly in those categories.

Area	#Sales	Avg. Sale	Avg. $/sqft	SP/LP	DOM
BBC	34	$255,928	$208.17	98.93%	90
BBL-general	18	$383,861	$245.30	97.43%	119
BBL-lakeview	7	$577,224	$241.35	94.71%	106
BBL-Lakefront	1	$1,350,000	$469.73	100.00%	10
FAWN	2	$183,000	$267.52	96.52%	9
FOX	5	$735,980	$215.42	95.47%	130
MOON	25	$359,896	$253.38	96.96%	99
SUGA	12	$169,200	$196.64	99.16%	74

Finally, here’s a link to this week’s edition of “What’s Up at 7000ft”.  This week’s highlights include the Crafts & Cranks Brewfest at Snow Summit, Colin Hay of “Men at Work” at the Cave, and the Spirits Of The West
Brewfest at the Big Bear Convention Center.