Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports June 15, 2021

May 2021 Big Bear Real Estate Stats

Here are the Big Bear real estate statistics for last month.  As you can see, sales remain very strong, with most areas still selling 3-5% over asking price, on average.  As is usual in the Spring, inventory ticked up a bit (but much less than expected at this time of year), to only 172 single family residences on the market, which is still less than half of where we should be at this time of year.  If the inventory continues to follow the regular trajectory this year, it should rise slightly for about 2 more months, until it peaks in mid-August and then starts to go back down from there through the Fall and Winter.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 44   $406,083 $342.86 105.31% 40
BBL-general 24   $647,423 $451.02 106.10% 36
BBL-Lakefront  3 $1,868,333 $575.22  99.41% 60
FAWN-general  5   $507,800 $346.24 101.94% 57
FAWN-Lakefront  0     NA   NA   NA NA
FOX  8   $839,625 $377.51 103.92% 36
MOON 20   $647,982 $449.11 103.69% 36
SUGA 26   $325,819 $359.32 104.89% 42
Have a great week!
Big Bear Real EstateFor BuyersFor SellersGeneral InformationMarketing Reports May 9, 2021

April 2021 Big Bear Real Estate Stats

Below are the Big Bear Real Estate stats for the month of April.  As you can see, the number of sales and ratio of sales price to list price remained very high; but in general, closings that occurred in April typically opened in either February or March, when inventory was still at record lows.  As of today, we are at 156 active single family residence listings in the Big Bear MLS, which is still only about 40% of where we should be at this time of year, but much healthier than the 62 that we hit in February, so we are seeing less multiple offers and some easing of pressure on the buying side.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 28  $486,443 $339.70 105.05% 38
BBL-general 32  $728,299 $421.71 104.81% 42
BBL-Lakefront  3 $1,774,167 $731.62 124.39% 54
FAWN-general  5  $839,000 $302.09  98.58% 90
FAWN-Lakefront  0     NA   NA   NA  NA
FOX  6  $867,167 $378.30 107.72% 44
MOON 36  $599,792 $421.79 107.27% 38
SUGA 21  $329,929 $380.58 107.32% 36
Have a great week!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationListingsRegional News April 9, 2021

March 2021 Big Bear Real Estate Stats

Well, another winter season has come to an end (probably the busiest ever for sales and rentals) and things seem to be returning to some sort of normalcy.  The Big Bear Real Estate inventory has almost doubled in the past 6 weeks (from 62 to 122 Single Family residences), but it’s still only about 1/4 to 1/3 of where it should be at this time of year.  Still, we seem to be experiencing a bit of the regular “Spring surge” in inventory; so hopefully (for buyers at least) that will tamp down some of the crazy multiple offer situations and bidding wars that we have seen over the last 6-8 months. For sellers, the inventory is still historically very low, but ordinarily climbs through-out the Spring and Summer, so getting your cabin on the market as soon as possible would make sense to take advantage of what is still record-low inventory. The number of sales for March remained very high and prices increased again almost across the board.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 38   $522,845 $334.89 105.45% 54
BBL-general 21   $705,586 $424.12 105.17% 57
BBL-Lakefront  4 $1,073,725 $668.04 101.81% 88
FAWN-general  1   $345,000 $210.24  92.00% 159
FAWN-Lakefront  1 $2,500,000 $455.71  96.19% 79
FOX  7   $739,143 $325.77 105.86% 36
MOON 30   $589,483 $442.33 108.81% 40
SUGA 21   $383,914 $346.98 106.54% 30
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports April 9, 2021

February 2021 Big Bear Real Estate Statistics

As winter is wrapping up and we get closer to Spring and the closure of the ski resorts for the season, the inventory has ticked up a little bit to 78 single family properties in the Big Bear MLS.  This is still only about 25% of where it should be at this time of year, but it seems to be following the regular trend, since it’s about half of where we were at the peak last summer.  Interest rates have also ticked up a bit to about 3% for a 30-year mortgage, but that number is still also historically extremely low.  The record low inventory and interest rates are continuing the trend of a very heated sellers market, with multiple offers being the norm and the Sales Price to List Price ratio (SP/LP) being over 100% in almost every area that we track.  Hopefully the inventory will continue to go up a bit through the Spring, but it looks like it’s going to be a long time before it returns to normal levels.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 22   $387,084 $314.66 103.25% 38
BBL-general 23   $698,692 $359.02 102.00% 75
BBL-Lakefront  1 $1,330,000 $438.22  95.07% 587
FAWN-general  2   $411,000 $260.17 107.43%  43
FAWN-Lakefront  1   $602,500 $465.06 100.58% 304
FOX  4   $658,250 $380.30 107.75% 103
MOON 18   $560,883 $421.21 104.99%  53
SUGA 16   $272,656 $331.32 102.27%  54
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports January 11, 2021

December 2020 Big Bear Real Estate Stats

The Big Bear real estate market remains insanely hot, with the active single family residence inventory in the Big Bear MLS down to only 65 properties!!  The lowest that anyone can remember that number being in at least the last 15 years was 250, so we are currently about 75% under that!  With such low inventory, competition remains very high, with most properties getting multiple offers and selling above asking price.  As we’ve discussed before, one of the reasons that the inventory is so low is that rental demand is the highest anyone up here can remember and vacation rental properties are having their best year ever, so sellers are much less likely to sell.  We’re all hoping that the inventory will edge up a bit in the Spring, but if it follows its normal trajectory, it will most likely continue to drop for at least two more months and I wouldn’t be surprised if it hits the teens or even single digits by the end of March/beginning of April!!
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 42  $357,269 $261.52 100.3%  51
BBL-general 20  $679,768 $353.20 100.5%  58
BBL-Lakefront  4 $1,575,500 $532.45  96.5% 299
FAWN-general  4  $376,700 $319.38  99.9%  73
FAWN-Lakefront  1 $2,350,000 $474.56  88.7% 210
FOX 18  $854,228 $317.15 100.7%  50
MOON 28  $481,928 $358.40 105.0%  34
SUGA 20  $259,925 $282.60 103.6%  36

 

Have a great week!

Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports December 13, 2020

November 2020 Big Bear Real Estate Stats

We are coming into the final stretch of 2020, with the second home market remaining incredibly hot.  Prices continue to rise and almost all areas are selling at a little over asking price on average.  The largest problem we are having in terms of sales right now is the ridiculously low inventory.  We are down to only about 90 single family residences for sale in the Big Bear MLS in the entire valley (for perspective, this number usually only gets as low as about 300 – and that’s at the very end of winter, when inventory is always at its lowest).  If you are buying, be prepared for competition, but if you have been thinking of selling, I can’t think of a better time in the last 14+ years!!
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 49   $331,518 $288.24 103.2%  43
BBL 32   $632,181 $336.31 100.6%  80
BBL-Lakefront  9 $1,972,944 $576.33  97.6% 440
FAWN  5   $348,000 $297.66  99.4% 162
FAWN-Lakefront  0   NA   NA   NA  NA
FOX 13   $886,577 $301.63 100.2%  57
MOON 40   $508,062 $343.65 102.6%  42
SUGA 28   $254,804 $269.31 103.0%  41
Have a Merry Christmas and Happy Holidays!!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral Information November 10, 2020

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
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports October 27, 2020

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!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationListingsMarketing ReportsRegional News September 14, 2020

August 2020 Big Bear Real Estate Statistics/Oktoberest Opens this Weekend!

With this crazy summer almost behind us, sales continue at a record pace and the inventory has dropped another 13% from last month to only 146 active single-family residences in the Big Bear MLS!  New properties are still coming on the market, but the inventory is selling faster than it is being replenished; so with the inventory normally starting to drop at this time of year anyways, it’s anyone’s guess as to just how low it will be by the end of Fall/beginning of Winter.  Speaking of Fall, Oktoberfest opens already this coming weekend, but with outdoor-only seating, advance reservations are required.
Area #Sales Avg. Price Avg/ $/sqft SP/LP DOM
BBC 53   $336,743 $262.14 100.6%  87
BBL 40   $522,505 $294.44  98.7% 118
BBL-Lakefront  7 $1,630,575 $400.39  97.5% 183
FAWN  7   $341,400 $235.06 100.8%  75
FAWN-Lakefront  0      NA   NA   NA  NA
FOX 14   $649,393 $283.07  98.6% 139
MOON 52   $502,308 $285.33  99.0% 104
SUGA 30   $219,944 $255.71 100.1%  63
Have a great week!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports September 5, 2020

July 2020 Big Bear Real Estate Stats/Record Low Inventory!!

Below are the monthly Big Bear Real Estate single family residence statistics.  Historically, we should be reaching our peak inventory for the year this week (second week of August) and should be around 600 sfr’s on the market; but as of this morning we only have 168 such active listings in the Big Bear MLS!  As we discussed earlier, there are a couple reasons for this:  1. Interest rates are ridiculously low right now (less than 3% for a 30-yr loan!), 2. After the lockdowns, demand for a mountain cabin is at an all-time high, and 3. The “zillow-make-me-move” sellers that usually come out every spring just didn’t come out this year (partly because they are using their own cabins so much more this year and partly because they are making money “hand over fist” due to record high short-term rental demand – especially since millions of residents in LA, OC, San Diego, etc. just don’t have anywhere else to go right now)!!  All in all, it makes for a “perfect storm” for cabin sales!!
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 40   $321,860 $227.22 97.9%  89
BBL 33   $483,499 $273.80 99.2% 111
BBL-Lakefront  5 $1,595,000 $902.27 93.5% 484
FAWN  11   $389,332 $269.27 98.9%  88
FAWN-Lakefront  2 $1,070,000 $506.44 96.1% 312
FOX 15   $632,593 $271.14 97.9%  83
MOON 50   $448,481 $295.39 99.8%  67
SUGA 24   $216,459 $237.33 98.1%  97