November 2019 Big Bear Real Estate Stats

It’s been a very snowy start to the ski/snowboard season so far!  We have already received almost half the annual season average for snowfall (and winter has just begun)!!  All the precipitation has slowed down showings a bit, but sales remained fairly strong for the usually slower month of November.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC  16 $311,494 $210.17  97.5% 112
BBL  28 $420,593 $256.73  96.2%  91
BBL-Lakefront   1 $895,000 $559.03 100.0%  82
FAWN   4 $367,200 $230.30  97.6%  62
FAWN-Lakefront   0   NA  NA  NA  NA
FOX   8 $480,625 $288.76  97.4% 101
MOON  19 $382,842 $274.12  99.0%  97
SUGA  15 $208,565 $213.35  95.6% 119
Have a Merry Christmas and Happy Holidays!!

Posted on December 21, 2019 at 11:37 am
Joe Kovich | Posted in Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information | Tagged , , , ,

October 2019 Big Bear Real Estate Stats

With only two weeks left until Thanksgiving, our inventory is down to 482 single-family residences.  That is down about 20% already from the annual peak in August and another 10% from last month. As normally happens at this time of year, the inventory will continue to drop through the fall and winter and usually bottoms out at the end of the winter season.  Below are last month’s Big Bear Real Estate statistics.

Area
#Sales
Avg. Sale
Avg. $/sqft
SP/LP
DOM
BBC
30
 $335,490$221.51 94.0%
111
BBL
29
 $450,776$264.60 97.7%
126
BBL-Lakefront
 1
$1,955,000$523.01 98.0%
 49
FAWN
 7
 $327,643$226.33 93.8%
134
FAWN-Lakefront
 1
 $467,000$375.10101.5%
 47
FOX
13
 $477,500$277.37 97.5%
 84
MOON
20
 $428,115$278.01 97.0%
115
SUGA
18
 $211,744$230.64 97.8% 84

Here’s a link to download this week’s edition of “Live.It.Up”.  This week’s edition includes KISS’ Ace Frehley at The Cave, as well as the Thanksgiving Day turkey trot and Santa’s entrance into the Village and Christmas Tree Lighting on the day after Thanksgiving!
Live It Up 11.11.19


Posted on November 13, 2019 at 11:30 am
Joe Kovich | Posted in Big Bear Real Estate, For Buyers, For Sellers, General Information, Listings, Marketing Reports | Tagged , , , ,

September 2019 Big Bear Real Estate Stats

As of this morning, we are down to 535 active single family residence listings in the Big Bear MLS.  That is down about 10% from our annual peak in August already!  There are also another 156 currently in escrow.  As you can see from the table below, there were quite a few closings in September and further increases in $/sqft almost across the board, but most significantly in the Big Bear City and Moonridge areas.

Area
#Sales
Avg. Sale
Avg. $/sqft
SP/LP
DOM
BBC
31
  $271,342
$229.25
97.7%
 76
BBL
24
  $495,933$268.18
96.7%
127
BBL-Lakefront
 3
$1,030,000$401.3591.3%
247
FAWN
 4
  $324,375$262.2296.8%
 56
FAWN-Lakefront
 0
  NA
  NA
 NA
 NA
FOX
 6
  $500,917$282.5398.3%
 61
MOON
13
  $444,554$298.7898.3%
104
SUGA
15
  $225,070$230.23
98.6%
 77

Have a great week!


Posted on October 18, 2019 at 10:43 am
Joe Kovich | Posted in Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports | Tagged ,

August 2019 Big Bear Real Estate Stats

Below are last month’s Big Bear Real Estate Single Family residence statistics.  The last full month of summer saw relatively large increases in avg. $/sqft in several areas, but especially in Big Bear Lake.  We also saw increases in the Sales price to List price ratio and decreases in Days on Market (except with Lakefronts, which always take longer to sell).

Area
#Sales
Avg.Sale
Avg.$/sqft
SP/LP
DOM
BBC
  36
$259,809$221.6198.0%
 79
BBL
  24
$401,121$304.5098.5%
 68
BBL-lakefront
   1
$875,000$366.11 97.2%
163
FAWN
   5
$384,300$293.6597.4%
 78
FAWN-lakefront
   1
$425,000$218.17 90.6%
 94
FOX
  10
$465,200$281.98 97.6%
137
MOON
  17
$431,500$269.34 98.7%
 59
SUGA
  24
$212,817$227.0698.9%
 63

The calendar may say it’s still summer, but with temps already dropping in Big Bear, it’s starting to feel a lot like fall.  To add to that feeling, we are already coming up on the third weekend of “Oktoberfest”.  That’s just one of the events in this week’s edition of “Live.It.Up”:
Live.It.Up 9-20-19
Have a great weekend!


Posted on September 19, 2019 at 10:17 am
Joe Kovich | Posted in Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Listings | Tagged ,

July 2019 Big Bear Real Estate Stats

Below are the last month’s Big Bear real estate single-family residence statistics. The number of sales remained high through the month of July.  The number of sales in Moonridge has been surprisingly high for the summer season.  As usually happens at the time of year, the inventory seems to have peaked at about 590 properties.

Area#SalesAvg. SaleAvg. $/sqftSP/LPDOM
BBC30$281,850$228.7397.5% 59
BBL20$394,385$256.0396.6% 92
BBL-Lakefront 1$1,025,000$353.3393.6%180
FAWN 2 $430,000$264.8194.4% 44
FAWN-Lakefront 0     NA   NA  NA NA
FOX 4 $640,875$243.1899.7%189
MOON23 $367,626$270.8197.7% 81
SUGA15 $204,600$228.0496.4% 79

 Have a great weekend!


Posted on August 23, 2019 at 11:00 am
Joe Kovich | Posted in Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports | Tagged ,

June 2019 Big Bear Real Estate Stats/Inventory

Below are last month’s Big Bear Real estate stats for single-family residences.  Sales have been very strong so far this summer, and as always happens this time of year, the inventory has climbed to 585 single-family residences currently on the market in the Big Bear MLS.  This number usually peaks around the second week of August and then starts going back down from there; so if history serves, we have about 2-3 weeks left of peak inventory before it starts going back down again.

Area
#Sales
Avg. Sale
Avg. $/sqft
SP/LP
DOM
BBC
20
 $303,635$214.44
 97.4%
92
BBL-general
14
 $428,429$271.38
 98.1%
122
BBL-Lakefront
 1
$1,480,000$483.19
 92.8%
  4
FAWN- general
 2
 $259,000$209.22
101.3%150
FAWN- Lakefront
 0
    NA
 NA
  NA
 NA
FOX
 7
 $526,343$272.67 95.6%
130
MOON
26
 $360,896 
$270.21 99.7%
 67
SUGA
19
 $189,437$228.59 98.6%
 87

 Here is this week’s edition of “Live.It.UP” featuring the “Spirits of the West Brewfest”, ongoing Renaissance Faire, Summer Artwalk in the Village, and Ted Nugent at the Cave!
Live.It.UP 7-22-28

Have a great weekend!


Posted on July 26, 2019 at 1:14 pm
Joe Kovich | Posted in Big Bear Real Estate |

May 2019 Big Bear Real Estate Stats/New Listings!!

With the official beginning of summer this week, the weather is beautiful up here in Big Bear with highs in the 70’s and awesome conditions on the Lake (up almost 9.5ft from last winter)!!  Below are last month’s Big Bear real Estate stats.  As always happens this time of year, the inventory has climbed considerably since winter (up to a little over 530 condos and single-family residences) and prices continue to climb, as well, with the average sale up to $289,910 in Big Bear City and $432,945 in Big Bear Lake (not including Lakefronts)!!

Area
#Sales
Avg. Sale
Avg. $/sqft
SP/LP
DOM
BBC
 31
$289,910$233.04
98.7%
  85
BBL-general
 14
$432,945$265.24
98.0%
106
BBL-Lakefront
 12
$901,000$386.59
89.3%
141
FAWN-general
  3
$264,833$170.81
95.7%
100
FAWN-Lakefront
  0
 NA
 NA
 NA
 NA
FOX
 12
$551,125$283.52
97.0%
139
MOON
 24
$375,946$277.42
98.5%117
SUGA
  9
$206,000$216.1498.6%
 94

 Finally, we have some great new listings coming on the market this week, with something for everyone (from $249.9K to $1.5M).  Please see link below for virtual tours:
Virtual Tours


Posted on June 20, 2019 at 10:53 am
Joe Kovich | Posted in Big Bear Real Estate | Tagged , ,

April 2019 Big Bear Real Estate Stats

Here are last month’s single-family residence Big Bear real estate stats.  There were fairly large increases in $/sqft for Big Bear City, Big Bear Lake, Moonridge, and Sugarloaf. The lake level also continues to rise and as of this past Monday, we were only 9.33ft from full.  That’s a gain of over 9ft already for the season, as the creeks continue to flow!  It also puts us almost at the lower limit of the target range for the water reclamation project, so we are off to a great start there!

Area
#Sales
Avg. Sale
Avg. $/sqft
SP/LP
DOM
BBC
39
$265,300
$238.1697.2%
 88
BBL21
$424,824$283.6198.3%
 85
BBL-Lakefront 2
$943,375$464.5389.8%
187
FAWN
 2
$328,250$243.4297.3%
264
FAWN-Lakefront
 0
NA
NA
NA
NA
FOX
 3
$454,967$211.7295.9%
160
MOON
18
$342,656$290.0298.2%
 96
SUGA
14
$179,879$220.4997.0%
108

Have a great weekend!



Posted on May 15, 2019 at 11:49 am
Joe Kovich | Posted in Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers | Tagged , ,

March 2019 Big Bear Real Estate Stats

Below are the Big Bear MLS single-family residence stats for the month of March.  It’s that wonderful time of year when both the slopes and the Lake are open, so it’s a great time to visit!  The Lake is up almost another foot and a half since our last email.  Even though the creeks are still running fast and hard, the Lake level (as measured at the dam) won’t change as quickly because the more shallow areas are filling in now and it takes more water to go “up and out” rather than just “up”.

Area
#Sales
Avg. Sale
Avg. $/sqft
SP/LP
DOM
BBC
30
 $319,313$213.2197.6%
116
BBL
14
 $433,982$274.1997.0%
 96
BBL-Lakefront
 1
$2,650,000
$518.9096.4%
177
FAWN
 2
 $352,500
$205.9496.6%
181
FAWN-Lakefront
 0
 NA
 NA
 NA
 NA
FOX
 6
 $506,000
$240.8898.3%
 88
MOON
12
 $359,814
$263.5996.4%
104
SUGA
 9
 $222,422$203.2497.8%
105

Here’s a link to this week’s edition of “Live.It.Up”.  This weekend’s highlights include the season opening of the Lake (I heard the trout are HUGE this year), “Los Lobos” performing at the Cave, and spring-time skiing, boarding, and tubing.
Live_It._Up._04_1_2019

Have a great week!


Posted on April 3, 2019 at 9:06 am
Joe Kovich | Posted in Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports, Regional News | Tagged ,

January and February 2019 Big Bear Real Estate Stats/Snow is Falling Again!!

Sorry it’s been a while, but we were in Hawaii at this time last month doing some work on our rental properties out there. Btw, we are planning on selling one of our Kona condos (studio) to buy a little larger unit, so if you know anyone looking for a good cash-flow condo in an oceanfront complex, just let us know!  Turned out it was a good time to go, as Big Bear has already received more than 15 inches of rain this season and almost 6ft of snow (and it’s snowing right now as I type this)!!  The good news is that the local resorts, vacation rentals, stores, restaurants, etc. are having a great year and the even better news is that the Lake is almost up 7ft already from the beginning of the season!!  The creeks/tributary streams are flowing heavily into the Lake and with more snow falling (and more on the way), we should be up about 10ft by the beginning of Summer!  This would put us already around the point that the Water Reclamation project was shooting for, so it should make their job much easier to maintain from here on out.  This means that some of the shallow-water lakefronts (that had no water the last couple of years) will be able to put their docks back out! In fact, the shallow-water lakefront across the street from us just sold, with multiple offers, after years of having been on the market!  If you’ve been thinking about a Lakefront, now may definitely be the time to pull the trigger, if you can find one!! As of this morning, we are down to only 347 single-family residences on the market in the Big Bear MLS.

Since we didn’t do a stats email last month, I thought I would just combine Jan. and Feb. into one chart to give a YTD snapshot of prices so far:

Area
#Sales
Avg. Sale
Avg. $/sqft
SP/LP
DOM
BBC
 29
 $258,000$223.6396.8%
120
BBL
 35
 $505,951$259.0996.6%
 88
BBL-LAKEFRONT
   2
$1,552,500$441.7095.9%
121
FAWN
   6
 $262,417$279.3297.4%
126
FAWN-LAKEFRONT
   1
 $899,900
$541.13100%
 29
FOX
   8
 $544,988$270.0596.3%
 93
MOON
 29
 $372,997
$283.0398.1%
 92
SUGA
 25
 $190,564$198.3096.9%
104

Finally, discounted lift tickets just went on sale for the 2019/2020 season.  Please see link below for more details:
“Screamin’ Deal” Season Passes
Have a great weekend!


Posted on March 6, 2019 at 11:57 am
Joe Kovich | Posted in Big Bear Real Estate | Tagged , ,