Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral Information December 21, 2019

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!!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationListingsMarketing Reports January 4, 2019

December 2018 Big Bear Real Estate Stats

Happy New Year!!   With the two weeks around Christmas and New Year’s coming to an end, our “sleepy little town” is looking forward to a little break in the action before the next weekend rolls around.  We haven’t seen the final numbers yet, but for those of us who have lived up here for a significant amount of time can tell you, it was the busiest Christmas season we can remember!  I think there were several things that contributed to that:  a good economy, some  well-timed snows (including one early Christmas morning that brought us a beautiful White Christmas), and all the improvements and season passes brought about by Aspen/KSL (the new owners of our local resorts).  As of this morning, our single-family residence inventory in the Big Bear MLS is down to only 412 cabins (about 75% of where it was at the peak last Summer) and continuing to fall. Below are the statistics for the month of December. The total number of sales was a little lower last month, but that is very common for December, as many sellers want to keep a last couple of days at “ultra-prime” rent and many closings get pushed into January because of the holidays and lender/escrow offices being closed.
Area #Sales Avg. Sale Avg.$/sqft SP/LP DOM
BBC 19 $285,461 $212.52 96.5%  96
BBL 14 $467,050 $268.81 96.7% 131
BBL-Lakefront  2 $821,000 $426.23 91.8% 367
FAWN  3 $390,667 $300.35 96.3% 114
FAWN-Lakefront  0     NA   NA  NA  NA
FOX  7 $493,200 $202.36 95.8% 125
MOON 14 $386,921 $263.13 96.8%  64
SUGA  8 $236,863 $195.80 98.1% 109
Have a great weekend!!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationListingsMarketing ReportsRegional News December 5, 2018

November 2018 Big Bear Real Estate Stats/The Snow is Falling!!

Hi folks!
Here are last month’s Big Bear Real Estate statistics.  As of this morning, the inventory has dropped to 447 single-family residences in the Big Bear MLS, along with a handful of condos.  If you click on the link for the MLS, you’ll see that we switched our idx providers to a more user-friendly search that can be selected as either map-based or list-based.  If you have used the MLS search before, it may ask you to register again, but we think you’ll really like the new format.  Feel free to pass along any feedback that you may have o the new search format.  As you can see from the chart below, November was pretty busy for closings, especially for a short holiday month, with many buyers trying to close in time to enjoy the holidays at the cabin and/or get them rented for the profitable winter rental season.  As we often mention, buyers’ attention has already started to turn away from the Lake and towards the slopes, with increased sales in Moonridge.  As property values in the Big Bear Lake area continue to increase, the number of sales also continues to increase in the relatively more affordable areas of Big Bear City and Sugarloaf, which are still great areas for second homes, but not as ideal for vacation rentals.
Area $Sales Avg. Sale Avg.$/sqft SP/LP DOM
BBC 31 $280,171 $212.40 97.1%  80
BBL 22 $406,514 $272.35 96.0% 115
BBL-LAKEFRONT  0 NA NA NA NA
FAWN  4 $535,750 $228.93 96.3%  75
FAWN-LAKEFRONT  0 NA NA NA NA
FOX  5 $534,800 $260.39 96.9% 118
MOON 16 $375,144 $277.30 96.2% 107
SUGA 13 $191,954 $214.37 97.7% 104
We got about 6 inches of snow at resort level last week and the first wave of the current storm is dropping snow right now.  This storm is supposed to linger through Friday morning, with another storm on the horizon for mid next week already, so it’s looking like it should be a White Christmas, if current trends continue!  Here’s a link to download this week’s edition of “Live it. UP”.  This week’s highlights include skiing and snowboarding at both Snow Summit and Bear Mountain, Winter Adventures at Action Tours, and Santa and Mrs. Claus in the Village!
Have a great week!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing ReportsRegional News November 15, 2018

October 2018 Big Bear Real Estate Stats/Slopes Open Tomorrow!!

It’s that time of year already!  Snow Summit opens tomorrow and Bear Mountain is scheduled to open for weekends only until Dec.7th, starting next Friday.  Below are last month’s Big Bear real estate statistics.  It was a busy month for what is usually one of the slower months of the year, but keep in mind that most of the listings in October were for escrows that opened in September. As we get into the busy winter season, expect more sales closer to the slopes and less on the Lake.  Speaking of the Lake, there were two that sold last month at “lakeview” rather than “lakefront” prices because they were both very shallow-water lakefronts (one was about 60 yards from the water, at this point, and the other currently has no water in front of it).  Most owners of shallow-water lakefront aren’t selling now, with many of them waiting for the new Water Reclamation project that we first mentioned about 6 months ago to go into operation and start to stabilize lake levels.  That said, it could be a great time to pick up a shallow-water lakefront (if you can find one) and wait for the lake levels to go back up!
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 33 $266,997 $227.57 98.05%  66
BBL 36 $386,222 $264.25 97.46%  93
BBL-Lakefront  2 $676,250 $309.77 88.18% 217
FAWN  1 $300,000 $170.07 92.31% 257
FAWN-Lakefront  0 NA NA NA NA
FOX  6 $770,833 $264.18 93.48% 162
MOON 13 $412,992 $244.11 97.84%  98
SUGA 19 $192,216 $216.90 97.18%  81

 

With Thanksgiving only a week away, here’s a link to a list of local restaurants that will be open on Thanksgiving Day, as well as local activities, including Santa’s entrance into the Village and the lighting of the Big Bear Lake Christmas Tree!!

 

Have a great weekend and fantastic holiday week!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing ReportsRegional News October 17, 2018

September 2018 Big Bear Real Estate Stats/Live It Up this Weekend

With the beautiful color of changing leaves and our first dusting of snow at the higher elevations last weekend, it’s definitely beginning to feel like fall in Big Bear!  As we normally mention at this time of year, we are at the point where inventory is still relatively high (503 single-family residences in the Big Bear MLS) and activity drops off a bit because of school activities, so it’s usually a great time for buyers and really the last chance of the year to find a property and get it on the rental market before Thanksgiving.  There was a surprisingly high number of sales in Moonridge last month, with no sales on lakefronts, so it shows that buyers are already turning their attention towards the slopes.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 21 $265,173 $208.71 97.8%  65
BBL-general 21 $332,133 $285.90 97.8% 110
BBL-lakefront  0  N/A  N/A N/A N/A
FAWN-general  1 $229,000 $366.99 95.4% 235
FAWN-lalefront  0  N/A  N/A N/A N/A
FOX  5 $492,980 $283.36 98.0%  81
MOON 25 $391,976 $260.81 98.1%  66
SUGA 28 $180,055 $222.72 08.1%  67
Here’s a link to download this week’s edition of Live It.Up.  Highlights this weekend include the ongoing 48th Annual Big Bear Oktoberfest, the Flashlight Safari at the Zoo, and Haunted Hayrides at Bear (Scare) Valley Farms.
Have a great weekend and a Happy Halloween!!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing ReportsRegional News September 19, 2018

August 2018 Big Bear Real Estate Stats/Hot Dawgz & Handrails

Hi folks,
Below are the Big Bear real estate numbers for the last full month of summer.  Even though summer is almost over, the market is remaining hot, with the busiest September we can remember in our 11 years as Realtors up here. They are always adding more events so that spring and fall aren’t as slow as they were went we first moved up here (Oktoberfest actually opened two weekends ago) and there’s still lots of excitement about the acquisition of our local resorts by Aspen/KSL, the IKON pass, lots of progress on the new Moonridge Zoo, etc.  As with last year, the inventory seems to have peaked around the second week of August and has started dropping already.  As of this morning, we are down about 5% already to 517 active single-family residence listings in the Big Bear MLS.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC  21 $211,129 $219.87 97.84%  75
BBL  27 $432,308 $264.47 97.14% 142
BBL-Lakefront   0   N/A   N/A   N/A  N/A
FAWN   9 $276,500 $254.10 95.65%  98
FAWN-Lakefront   0   N/A   N/A   N/A  N/A
FOX   9 $524,667 $253.78 97.96% 134
MOON  19 $359,042 $257.27 97.97%  79
SUGA  21 $207,933 $200.60 98.27%  81

 

Here’s a link to download this week’s edition of “Live It UP” (formerly “What’s Up at 7000ft”).  This weekend’s highlights include Hot Dawgz & Handrails at Bear Mountain, the Big Bear Village Scarecrow Festival, and the ongoing 48th Annual Big Bear Oktoberfest!
Have a great week!!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports August 14, 2018

July 2018 Big Bear Real Estate Stats

Below are the monthly Big Bear real estate single family residence statistics for the month of July.  The inventory appears to have reached it’s peak for the year.  We were at 537 single family residences last Monday and 540 this Monday.  Since most sellers put their properties on the market at the beginning of the season, there are usually much fewer new listings in the latter half of summer.  At the same time last year, we had reached about 605 listings and then the announcement came that the sale of our local resorts to Aspen/KSL was completed and it really accelerated the normal seasonal drop in inventory, which was below 400 by October and remained historically low all winter.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC   31 $289,229 $223.04 98.36%  65
BBL-general   21 $400,729 $262.47 98.45% 108
BBL-Lakefront    1 $875,000 $852.00 97.23%  75
FAWN-general    0 N/A N/A N/A N/A
FAWN-Lakefront    1 $500,000 $513.35 83.47%  28
FOX    3 $554,933 $264.07 98.37% 203
MOON   16 $374,338 $269.26 98.93%  66
SUGA   11 $177,345 $232.64 99.06%  58
Here’s a link to download this week’s edition of “Live it Up”.  This week’s highlights include the Kodiak 100 Ultramarathon and the 35th Annual Wooden Boat Show!
Have a great week!!
Big Bear Real EstateFor BuyersFor SellersGeneral Information June 8, 2018

May 2018 Big Bear Real Estate Stats/Exciting Happenings around the Valley

As we rapidly approach the beginning of our summer selling season (usually right around the 4th of July), here are the Big Bear single-family residence stats for last month.  As of this morning, the Big Bear MLS residential inventory is at 474 active properties on the market.  As usual, many sellers put their houses on the market in the Spring with a 6-month listing (often just to see what they can get – I call them “zillow-make-me-move sellers”); so the inventory is always highest in the summer (meaning the most choices for buyers) and lowest at the end of winter. I also wanted to fill you in on some really exciting news from the Big Bear Visitor Bureau meeting that we attended last month.  We had several different speakers from the zoo, resorts, and MWD talking about future expansion and improvement plans.  In addition to getting an over-lay of what is going to be a beautiful new zoo by a former curator of the San Diego zoo (scheduled to open later this year), as well as plans for a fish hatchery right on Big Bear Lake, one of the most exciting announcements was about the joint BBARWA/MWD ground-water sustainability project, which will help to provide more stable lake levels, as well as keeping our groundwater levels at peak capacity.  I know this may seem like something strange to be excited about, but as any of us who live close to the Lake would know, the Lake levels can fluctuate greatly with the drought cycle, evaporation, water usage from the resorts for snow-making purposes, etc.  This is a 43M project that will involve releasing recycled water back into the ground and into the Lake (which actually has lower TDS requirements than into the ground) on the east end of Stanfield Marsh (Baker’s Pond).  This will keep Baker’s Pond always full of water and supply the Lake to a level always within 3-7.5ft of full!!  That’s huge news for anyone owning shallow-water lakefront properties (which in drought years, has meant no-water in the past).  Most owners of shallow-water lakefronts haven’t even been trying to sell the last couple of years because of the low prices they would get.  For example, there was one that sold last month that was on the market for 566 days and sold for only $263/sqft!  The new plant/project is expected to go online within 3-5 years and the water level goals are within 10 years after that, so it’s a long-term sustainability project; but should have huge long-lasting impacts on the water fowl conservation area in Baker’s Pond, conservation of protected species like the sickleback fish, and most importantly (for real estate purposes, at least) values of shallow-water lakefront properties and homes in areas like Bear Loop.
Area #Sales Avg. Sales Price Avg. $/sqft SP/LP DOM
BBC  30 $269,730 $229.38  98.7%  88
BBL  21 $501,979 $287.02  98.5%  69
BBL-LAKEFRONT   2 $872,000 $335.33  95.3% 332
FAWN   1 $215,000 $466.38  98.2% 113
FAWN-LAKEFRONT   0 N/A N/A N/A N/A
FOX   7 $431,429 $228.94  96.8%  69
MOON 24 $381,025 $269.51  98.6%  66
SUGA 13 $203,781 $226.24 101.5%  50
Finally, here’s a link to download the Big Bear Events calendar for the Summer season.  Besides the “Fishin’ for $50K” tournament and Village Wine Walk this weekend, there’s one of the best fireworks shows in Southern CA on 4th of July, the Renaissance Faire, Chili Cook-off, Tour de Big Bear bike race, Ted Nugent, Everclear, and Puddle of Mudd performing at the Cave, and MUCH, MUCH, MORE!!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing ReportsRegional News May 17, 2018

April 2018 Big Bear Real Estate Stats/YTD Price Break-down

With the summer season quickly approaching, I thought I would send out a quick breakdown of the properties that have sold so far, since the beginning of the year.  As usual, the vast majority of homes sold were in the $500K and under range.  That’s usually the range that most people are able to afford for a second home and if they are going for a conventional loan with 20% down, $575K is usually about their max. As you can see, there have only been ten properties sold over $1M (and only 3 over $1.25M); but the lakefront season hasn’t even begun yet, so that should change in the next couple of months.
Price (K)       #Sold
———-       ——-
250-               128
251-500         162
501-750           34
751-1000          9
1001-1250        7
1251-1500        1
1501-1750        1
1751-2000        1
2000+              0
Here are the Big Bear real estate single family statistics for the month of April.  As is usual, once the slopes close and until the summer season begins, the number of sales is lower; but prices continued to climb, with big jumps in the Big Bear Lake, Fox Farm, and Fawnskin areas, especially.
Area #Sales Avg.Sale Avg. $/sqft SP/LP DOM
BBC    30 $269,425 $215.74  98.94%  77
BBL     9 $494,050 $308.46  96.33% 166
BBL-Lakefront     0 N/A N/A N/A N/A
FAWN     2 $355,950 $245.12  96.56% 312
FAWN-Lakefront     0 N/A N/A N/A N/A
FOX     4 $703,750 $268.43  98.21%  53
MOON   10 $379,840 $272.67 100.35%  98
SUGA  11 $204,968 $198.47  98.34%  72

 

Finally, here’s this week’s edition of “What’s Up at 7000ft”, including the Spartan Races at Snow Summit, Opening Day of the Bear Mountain Golf course, and guitar legend, Dave Mason, appearing at the Cave.
Big Bear Real EstateFor BuyersFor SellersGeneral InformationMarketing Reports March 21, 2018

February 2018 Big Bear Real Estate Stats/”Screamin’ Deal” Passes on Sale!

Even with the low inventory, the sales machine keeps chugging along, with further increases in sales price, especially closer to the slopes.  As of this morning, the current inventory of single family residences in the Big Bear MLS still sits at only 286 homes on the market. This has lead to a lower total number of sales with quite a bit of pent-up demand, which is reflected in a relatively rapid sales pace when a properly-priced home hits the market and a high Sales Price/List Price ratio (over 100% in Big Bear City)!
Area #Sales Avg. Sales Price Avg. $/sqft SP/LP DOM
BBC 14 $288,071 $213.22 100.2% 122
BBL 13 $462,323 $262.88  98.2%  90
BBL-Lakefront  2 $880,000 $494.82  95.4% 159
FAWN  3 $279,967 $200.09  95.9% 181
FOX  8 $582,463 $247.82  96.1%  75
MOON  8 $354,188 $271.04  97.8% 108
SUGA  14 $179,857 $210.76  96.8% 100

 

2018/2019 season passes are on sale now at Bear Mountain and Snow Summit  This is always advertised as the best deal of the year because you get to ski or ride for the rest of this season, as well as get a low price for all of next season: http://www.bigbearmountainresort.com/season-passes.
Finally, here’s a link to this week’s edition of “What’s Up at 7000ft”/ This week’s highlights include “Bear Break
At Bear Mountain” and “Snow Tubing…Day or Night”.
Have a great rest of your week!