November 2018 Big Bear Real Estate Stats/The Snow is Falling!!

Hi folks!
Here are last month’s Big Bear Real Estate statistics.  As of this morning, the inventory has dropped to 447 single-family residences in the Big Bear MLS, along with a handful of condos.  If you click on the link for the MLS, you’ll see that we switched our idx providers to a more user-friendly search that can be selected as either map-based or list-based.  If you have used the MLS search before, it may ask you to register again, but we think you’ll really like the new format.  Feel free to pass along any feedback that you may have o the new search format.  As you can see from the chart below, November was pretty busy for closings, especially for a short holiday month, with many buyers trying to close in time to enjoy the holidays at the cabin and/or get them rented for the profitable winter rental season.  As we often mention, buyers’ attention has already started to turn away from the Lake and towards the slopes, with increased sales in Moonridge.  As property values in the Big Bear Lake area continue to increase, the number of sales also continues to increase in the relatively more affordable areas of Big Bear City and Sugarloaf, which are still great areas for second homes, but not as ideal for vacation rentals.
Area $Sales Avg. Sale Avg.$/sqft SP/LP DOM
BBC 31 $280,171 $212.40 97.1%  80
BBL 22 $406,514 $272.35 96.0% 115
BBL-LAKEFRONT  0 NA NA NA NA
FAWN  4 $535,750 $228.93 96.3%  75
FAWN-LAKEFRONT  0 NA NA NA NA
FOX  5 $534,800 $260.39 96.9% 118
MOON 16 $375,144 $277.30 96.2% 107
SUGA 13 $191,954 $214.37 97.7% 104
We got about 6 inches of snow at resort level last week and the first wave of the current storm is dropping snow right now.  This storm is supposed to linger through Friday morning, with another storm on the horizon for mid next week already, so it’s looking like it should be a White Christmas, if current trends continue!  Here’s a link to download this week’s edition of “Live it. UP”.  This week’s highlights include skiing and snowboarding at both Snow Summit and Bear Mountain, Winter Adventures at Action Tours, and Santa and Mrs. Claus in the Village!
Have a great week!
Posted on December 5, 2018 at 11:23 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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