April 2018 Big Bear Real Estate Stats/YTD Price Break-down

With the summer season quickly approaching, I thought I would send out a quick breakdown of the properties that have sold so far, since the beginning of the year.  As usual, the vast majority of homes sold were in the $500K and under range.  That’s usually the range that most people are able to afford for a second home and if they are going for a conventional loan with 20% down, $575K is usually about their max. As you can see, there have only been ten properties sold over $1M (and only 3 over $1.25M); but the lakefront season hasn’t even begun yet, so that should change in the next couple of months.
Price (K)       #Sold
———-       ——-
250-               128
251-500         162
501-750           34
751-1000          9
1001-1250        7
1251-1500        1
1501-1750        1
1751-2000        1
2000+              0
Here are the Big Bear real estate single family statistics for the month of April.  As is usual, once the slopes close and until the summer season begins, the number of sales is lower; but prices continued to climb, with big jumps in the Big Bear Lake, Fox Farm, and Fawnskin areas, especially.
Area #Sales Avg.Sale Avg. $/sqft SP/LP DOM
BBC    30 $269,425 $215.74  98.94%  77
BBL     9 $494,050 $308.46  96.33% 166
BBL-Lakefront     0 N/A N/A N/A N/A
FAWN     2 $355,950 $245.12  96.56% 312
FAWN-Lakefront     0 N/A N/A N/A N/A
FOX     4 $703,750 $268.43  98.21%  53
MOON   10 $379,840 $272.67 100.35%  98
SUGA  11 $204,968 $198.47  98.34%  72

 

Finally, here’s this week’s edition of “What’s Up at 7000ft”, including the Spartan Races at Snow Summit, Opening Day of the Bear Mountain Golf course, and guitar legend, Dave Mason, appearing at the Cave.
Posted on May 17, 2018 at 10:10 am
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports, Regional News | Tagged , , , ,

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