July 2018 Big Bear Real Estate Stats

Below are the monthly Big Bear real estate single family residence statistics for the month of July.  The inventory appears to have reached it’s peak for the year.  We were at 537 single family residences last Monday and 540 this Monday.  Since most sellers put their properties on the market at the beginning of the season, there are usually much fewer new listings in the latter half of summer.  At the same time last year, we had reached about 605 listings and then the announcement came that the sale of our local resorts to Aspen/KSL was completed and it really accelerated the normal seasonal drop in inventory, which was below 400 by October and remained historically low all winter.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC   31 $289,229 $223.04 98.36%  65
BBL-general   21 $400,729 $262.47 98.45% 108
BBL-Lakefront    1 $875,000 $852.00 97.23%  75
FAWN-general    0 N/A N/A N/A N/A
FAWN-Lakefront    1 $500,000 $513.35 83.47%  28
FOX    3 $554,933 $264.07 98.37% 203
MOON   16 $374,338 $269.26 98.93%  66
SUGA   11 $177,345 $232.64 99.06%  58
Here’s a link to download this week’s edition of “Live it Up”.  This week’s highlights include the Kodiak 100 Ultramarathon and the 35th Annual Wooden Boat Show!
Have a great week!!
Posted on August 14, 2018 at 10:18 am
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports | Tagged , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *