We hope you’re having a great year so far! Sorry we haven’t sent out any emails yet this year, but we’ve been in Hawaii for the last 6 weeks “tending to” some vacation rentals that we own out that way. With the inventory being as low as it has been in Big Bear, we figured it was a good time to take some time away; but we sold all of our listings while we were gone (getting offers on all of them within 2-3 weeks of putting them on the market) and decided it was time to come back and list some more! As you can probably tell, we are big believers in income properties (both full-time and vacation rentals), for the income potential, equity growth, and tax advantages. Of course, vacation rentals have the added advantage of allowing the owner to enjoy personal use themselves, so we are all about letting renters/guests pay for your second (or third, or fourth, or fifth) home!
As I mentioned before, the inventory has been extremely low this winter (fluctuating between only about 250-275 single family residences in the entire valley), so the number of sales has been relatively lower, but the market has still been very active, with lots of multiple offers (we have personally had multiple offers on all of our listings this year). Here are the stats for last month:
|Area||#Sales||Avg. Price||Avg. $/sqft||SP/LP||DOM|