January and February 2019 Big Bear Real Estate Stats/Snow is Falling Again!!

Sorry it’s been a while, but we were in Hawaii at this time last month doing some work on our rental properties out there. Btw, we are planning on selling one of our Kona condos (studio) to buy a little larger unit, so if you know anyone looking for a good cash-flow condo in an oceanfront complex, just let us know!  Turned out it was a good time to go, as Big Bear has already received more than 15 inches of rain this season and almost 6ft of snow (and it’s snowing right now as I type this)!!  The good news is that the local resorts, vacation rentals, stores, restaurants, etc. are having a great year and the even better news is that the Lake is almost up 7ft already from the beginning of the season!!  The creeks/tributary streams are flowing heavily into the Lake and with more snow falling (and more on the way), we should be up about 10ft by the beginning of Summer!  This would put us already around the point that the Water Reclamation project was shooting for, so it should make their job much easier to maintain from here on out.  This means that some of the shallow-water lakefronts (that had no water the last couple of years) will be able to put their docks back out! In fact, the shallow-water lakefront across the street from us just sold, with multiple offers, after years of having been on the market!  If you’ve been thinking about a Lakefront, now may definitely be the time to pull the trigger, if you can find one!! As of this morning, we are down to only 347 single-family residences on the market in the Big Bear MLS.

Since we didn’t do a stats email last month, I thought I would just combine Jan. and Feb. into one chart to give a YTD snapshot of prices so far:

Area
#Sales
Avg. Sale
Avg. $/sqft
SP/LP
DOM
BBC
 29
 $258,000$223.6396.8%
120
BBL
 35
 $505,951$259.0996.6%
 88
BBL-LAKEFRONT
   2
$1,552,500$441.7095.9%
121
FAWN
   6
 $262,417$279.3297.4%
126
FAWN-LAKEFRONT
   1
 $899,900
$541.13100%
 29
FOX
   8
 $544,988$270.0596.3%
 93
MOON
 29
 $372,997
$283.0398.1%
 92
SUGA
 25
 $190,564$198.3096.9%
104

Finally, discounted lift tickets just went on sale for the 2019/2020 season.  Please see link below for more details:
“Screamin’ Deal” Season Passes
Have a great weekend!

Posted on March 6, 2019 at 11:57 am
Joe Kovich | Category: Big Bear Real Estate | Tagged , ,

Leave a Reply

Your email address will not be published.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