February 2020 Big Bear Real Estate Stats/Big Announcement!!

Hi folks!
Below are the monthly Big Bear real estate stats for February. The average sales price was up big-time across the board from our last stats for December!! The inventory has gone down slightly in the Big Bear MLS from 337 single-family residences (does not include condos or vacant land) in January to 327 now.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 18   $304,817 $226.88 96.2% 87
BBL 17   $513,324 $266.26 98.1% 154
BBL-Lakefront  1 $2,950,000 $636.36 94.9% 245
FAWN  0 NA NA NA NA
FAWN-Lakefront  0 NA NA NA NA
FOX  6   $655,383 $247.08 99.1%  96
MOON 17   $537,532 $275.28 96.6% 118
SUGA 18   $204,011 $232.54 97.4%  96

I’m excited to finally be able to announce a project that I’ve been working on for the last couple of months! I have accepted the position as Principal Broker of California for VACASA Real Estate.  With approximately 25,000 units managed, VACASA is the largest vacation rental management company in North America and should be largest in the world by the end of this year. VACASA started getting into the real estate world about two years ago and is focusing primarily on vacation rental markets. Because of that, we have unparalleled access to vacation rental histories, vacation rental market trends, and an inventory of homes that are already income-producing vacation rentals. Having both vacation rental and real estate divisions really sets VACASA apart from other national real estate firms and allows a synergy for both homeowners and buyers.  Our agents are licensed to buy and sell properties anywhere in California, of course, but we are going to be focusing on resort areas where we have a lot of short-term vacation rental properties, such as Big Bear, Palm Springs, San Diego, Lake Tahoe, etc.  Besides the exposure in the vacation rental industry, our VACASA listings will all be listed on our national website (along with cap rates for investors), in multiple boards and MLS’ throughout the state (including Big Bear and the CRMLS for maximum exposure), and include free 3D Matterport photography (something that no other brokerage in Big Bear is offering)!!  We already have a great team onboard in Big Bear that did over $50M in sales just last year, so please reach out if you are ready to buy or sell!!

Have a great week!!

Posted on March 17, 2020 at 9:33 am
Joe Kovich | Posted in Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports, Regional News | Tagged , , ,

December 2019 Big Bear Real Estate Stats/Top 10 Places in US to Buy a Vacation Rental

Hi folks!
Below are last month’s Big Bear real estate stats for single-family residences.  As you can see, we finished off the decade on a high note, with a relatively large number of sales, especially for  a holiday month. With the large number of sales, this morning’s inventory is down to only 337 properties! As we come up on Martin Luther King weekend, I thought i would share an article on the top 10 locations in the U.S. to buy a vacation rental investment property this winter (spolier alert: Big Bear is #10; although, I think that if they had combined Big Bear Lake and Big Bear City into one area, we would have been higher)!

Best places to buy a winter vacation home 2019–2020

Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC  21 $270,990 $219.34 97.0% 141
BBL-general  29 $427,451 $283.61 97.4% 112
BBL-Lakefront   0   NA  NA  NA  NA
FAWN   2 $243,000 $204,900 87.5% 125
FAWN   0   NA  NA  NA  NA
FOX   5 $526,880 $270.11 96.9% 166
MOON  20 $388,190 $281.30 97.6%  90
SUGA  13 $219,423 $210.28 97.7%  64

Have a great week!


Posted on January 14, 2020 at 12:30 pm
Joe Kovich | Posted in Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, Listings, Marketing Reports | Tagged , , , , , ,

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 , ,