October 2020 Big Bear Real Estate Stats/Opening Day for Snow Summit!!

Activity remains very high in the Big Bear Real Estate market, especially after we received a little over a foot of snow this past weekend and Snow Summit is scheduled to open on November 20th. In addition, the tubing areas are scheduled to open on November 14th and Bear Mountain on November 27th. As I always mention at this tine of year, it’s the last chance to purchase a property and rent or use yourselves before the winter season officially begins! Sales in October remained at a very high level, with huge increases in both average sales price and average $/sqft for Big Bear City, Big Bear Lake, Fox Farm, and Moonridge.  Also, all areas that we track sold at over 100% of asking price, on average, except for Lakefronts (and even they were at 99.1%)!! The inventory remains incredibly low at only 114 active single-family residences in the Big Bear MLS (that’s about 75% lower than we usually are at this time of year)!
Area #Sales Avg.Sale Avg.$/sqft SP/LP DOM
BBC 40   $347,832 $272.37 102.9%  67
BBL 38   $648,454 $315.24 100.8%  84
BBL-Lakefront 11 $1,432,364 $487.48  99.1%  81
FAWN  6   $498,333 $277.49 107.3% 139
FAWN-Lakefront  0      NA   NA   NA  NA
FOX 16   $775,916 $308.90 103.2%  60
MOON 38   $530,846 $340.41 103.0%  39
SUGA 22   $263,359 $259.65 104.4%  38
Posted on November 10, 2020 at 12:53 pm
Joe & Ana Kovich | Category: Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information

September 2020 Big Bear Real Estate Stats

It was another huge month for Big Bear real estate sales, with a total of 247 single family residences sold.  For the first time that we can remember, the average sales price was over asking price in the majority of the areas that we track and the single-family residence inventory is at only about 110 properties in the Big Bear MLS (and expected to continue to decline through-out the fall and winter).
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC   48   $331,427 $257.34 101.56%   60
BBL-general   62   $606,926 $304.55 100.51%   61
BBL-Lakefront   10 $1,967,117 $569.74  96.73% 168
FAWN-general    6   $571,067 $286.83  98.80% 102
FAWN-Lakefront    1   $975,000 $445.21  97.50% 227
FOX   15   $702,067 $282.81 100.59%   84
MOON   46   $489,007 $306.16 101.67%   49
SUGA   37   $255,325 $247.02 101.24%   67
Have a great week!
Posted on October 27, 2020 at 10:21 am
Joe & Ana Kovich | Category: Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports | Tagged , , , ,