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It was another busy weekend up here for 4th of July, but a little less crowded than expected (less “day-trippers”), because the fireworks got postponed until later in the year. The inventory remains historically low (down another 20% from last month) at only 276 single family residences (SFR’s) in the Big Bear MLS as of this morning!! As usual, most people are still looking under $400K, with the vast majority of sales being in that category; but the inventory is just the reverse, with only 96 up to $400K, 103 from $400-800K, and 81 at $800K+. From January 1st to July 1st, there were a total of 492 sold SFR’s, with 348 sold under $400K, 117 from $400-800K, and only 28 total from $800K+. For the “resort areas” (Big Bear Lake, Moonridge, and Fox Farm), here is a breakdown of sold properties by price, since the beginning of the year, as of June 23rd:
Price Range #Sales
————- ——–
100-200K 5
200-299K 34
300-399K 49
400-499K 37
500-599K 19
600-699K 13
700-799K 10 (incl. 2 Lakefronts)
800-899K 10 (incl. 1 Lakefront)
900-999K 3
1000-1099K 0
1100-1199K 1 (Lakefront)
1200-1299K 0
1300-1399K 0
1400-1499K 1
1500-1599K 2 (both Lakefronts)
1600-1699K 0
1700-1799K 2 (incl. 1 Lakefront)
1800-1899K 1
1900-1999K 0
2000-2499K 0
2500-2999K 2 (incl. 1 Lakefront)
3000K+ 2 (both Lakefronts)
| Area | #Sales | Avg. Sale | Avg. $/sqft | SP/LP | DOM |
| BBC | 38 | $324,695 | $239.05 | 99.2% | 89 |
| BBL | 24 | $434,596 | $284.21 | 98.2% | 87 |
| BBL-Lakefront | 3 | $2,067,000 | $471.72 | 95.0% | 140 |
| FAWN | 4 | $340,750 | $263.74 | 97.7% | 105 |
| FAWN-Lakefront | 1 | $610,000 | $405.59 | 101.8% | 5 |
| FOX | 5 | $719,200 | $286.47 | 97.6% | 127 |
| MOON | 24 | $406,938 | $301.13 | 97.7% | 103 |
| SUGA | 29 | $189,562 | $229.79 | 98.4% | 107 |
Have a great week!
