Happy New Year!
Well, we survived another holiday season up here in Big Bear! With Christmas and New Year’s Day both being on weekends and with some fresh snow thrown in-between for good measure, it was extra crazy up here this year, but that was great for vacation rental owners and other businesses, of course! It’s only the beginning of the winter season and we are down to only 51 single family residences left for sale in the Big Bear MLS!! Remember when we thought that 62 was insanely low last February? I wouldn’t be surprised if we hit teens or even single digits by the end of the season, so there has never been a better time to sell (for non-Lakefront properties); but for buyers, hopefully there will be some relief (however small) in the Spring.
|Area||#Sales||Avg. Sale||Avg. $/sqft||SP/LP||DOM|
With the current inventory already being down to a historic low of 51 single family residences, I thought it might be interesting to look at the inventory as a function of price. Keep in mind that most savvy sellers don’t list lakefronts in the winter (see how low the avg. $/sqft are, compared to summer), so the top price bracket is lower than might be expected and anything under $450k is going to be more in the areas outside of the City of Big Bear Lake (Sugarloaf, Baldwin Lake, Erwin Lake, etc.).
List price #on market
Have a great week!