February 2020 Big Bear Real Estate Stats/Big Announcement!!

Hi folks!
Below are the monthly Big Bear real estate stats for February. The average sales price was up big-time across the board from our last stats for December!! The inventory has gone down slightly in the Big Bear MLS from 337 single-family residences (does not include condos or vacant land) in January to 327 now.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 18   $304,817 $226.88 96.2% 87
BBL 17   $513,324 $266.26 98.1% 154
BBL-Lakefront  1 $2,950,000 $636.36 94.9% 245
FAWN  0 NA NA NA NA
FAWN-Lakefront  0 NA NA NA NA
FOX  6   $655,383 $247.08 99.1%  96
MOON 17   $537,532 $275.28 96.6% 118
SUGA 18   $204,011 $232.54 97.4%  96

I’m excited to finally be able to announce a project that I’ve been working on for the last couple of months! I have accepted the position as Principal Broker of California for VACASA Real Estate.  With approximately 25,000 units managed, VACASA is the largest vacation rental management company in North America and should be largest in the world by the end of this year. VACASA started getting into the real estate world about two years ago and is focusing primarily on vacation rental markets. Because of that, we have unparalleled access to vacation rental histories, vacation rental market trends, and an inventory of homes that are already income-producing vacation rentals. Having both vacation rental and real estate divisions really sets VACASA apart from other national real estate firms and allows a synergy for both homeowners and buyers.  Our agents are licensed to buy and sell properties anywhere in California, of course, but we are going to be focusing on resort areas where we have a lot of short-term vacation rental properties, such as Big Bear, Palm Springs, San Diego, Lake Tahoe, etc.  Besides the exposure in the vacation rental industry, our VACASA listings will all be listed on our national website (along with cap rates for investors), in multiple boards and MLS’ throughout the state (including Big Bear and the CRMLS for maximum exposure), and include free 3D Matterport photography (something that no other brokerage in Big Bear is offering)!!  We already have a great team onboard in Big Bear that did over $50M in sales just last year, so please reach out if you are ready to buy or sell!!

Have a great week!!
Posted on March 17, 2020 at 9:33 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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