June 2020 Big Bear Real Estate Stats and Sold/Active by Price Point

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!
Posted on July 8, 2020 at 10:52 am
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports | Tagged , , , , , ,

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