Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral Information June 20, 2022

May 2022 Big Bear Real Estate Stats

Here are last month single family residence Big Bear real estate sales.  As normally happens this time of year, the concentration of sales moves away from the slopes and towards the lake. Except for Lakefronts, all areas that we track still sold for over 100% of asking on average, but the average $/sqft was down a bit from the previous month.  One month doesn’t make a trend, of course; but with the inventory up to almost 285 properties (still only about 3 months of inventory and about half of where we should be at this time of year, but much higher than the 47- property low that we reached in January) sellers seem to be pricing more aggressively to stay ahead of the curve.
Area #Sales Avg. Sale Avg.$/sqft SP/LP DOM
BBC  24   $531,167  $418.99 102.7%  37
BBL  19   $716,258  $488.25 100.7%  38
BBL-Lakefront   2 $2,150,000  $611.99  94.7%  62
FAWN   3   $636,667  $476.78 102.1%  51
FAWN-Lakefront   0     NA   NA   NA  NA
FOX   6   $944,165  $488.56 101.9%  43
MOON  13   $815,808  $506.70 106.5%  40
SUGA  17   $400,376  $414.61 103.5%  58
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationListingsMarketing Reports May 16, 2022

April 2021 Big Bear Real Estate Stats/Memorial Day weekend Drone Light Show & Free Concerts

Below are last month’s single family residence stats from the Big Bear MLS.  Sales remained strong with fairly large increases in average $/sqft for Lakefronts, Big Bear City, Moonridge, and Sugarloaf.  Also, the average sales price remained over 100% of asking price for all areas we track, except Lakefronts.  Looking at the long-range forecast, we’re hoping for very nice weather on Memorial Day weekend (sunny in the low 70’s), so stop by and say “hi” at the Grill & Chill event in the Village, where we will have a booth, and make sure to stay for Big Bear’s first ever Drone Light Show (replacing fireworks on Memorial Day weekend, since our local Bald Eaglet, Spirit, hasn’t left the nest yet).  New this year will also be three free “Concerts in the Park”, the weekends of June 17th, June 24th, and July 1st, featuring X Ambassadors, Debbie Gibson, and Drake White.
Area #Sales Avg. Sale Avg.$/sqft SP/LP DOM
BBC  34   $548,516  $426.16 104.7%  35
BBL  21   $696,419  $512.27 101.5%  42
BBL   2 $3,050,000  $944.72  96.2%  42
FAWN   0   N/A    N/A  N/A N/A
FAWN   0   N/A    N/A  N/A N/A
FOX   8 $1,031,875  $451.33 104.1%  41
MOON  21   $727,738  $555.77 106.1%  35
SUGA  18   $408,411  $459.87 108.0%  27
Have a great week!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports April 15, 2022

March 2022 Big Bear Real Estate Stats/Redfin prediction

As another season at the slopes comes to a close, the Big Bear Real Estate market isn’t showing any signs of slowing down yet.  Most areas are still selling above asking price on average, with days on market (DOM) in the 30-45 day range (very short given an average escrow length of about 30 days)!  As of this morning, we are at 125 single family residences in the Big Bear MLS, which is still only about 1-month’s supply, but trending in the right direction (although still less than half of where we should be at this time of year).  All of the analysts that I have read from expect prices to continue to climb over the next year, but at a single-digit rate (3-5%), rather than the double digits that we have seen over the past two years.  Still, as interest rates continue to rise, monthly payments will go up significantly for any buyers getting a loan/mortgage.  Here’s a recent quote from the analysts at Redfin: “Mortgage rates are shooting up at the fastest pace in history, sending the typical monthly mortgage payment for a homebuyer up more than $500 since the beginning of this year…As rates quickly approach 5%, we expect their impact on homebuyer demand to change from a motivator—driving a sense of urgency to buy before rates rise further—to a deterrent.”
Area #Sales Avg. Sale Avg.$/sqft SP/LP DOM
BBC 35   $585,449  $401.68 106.5%  31
BBL-general 18   $761,200  $555.56 106.0%  35
BBL-lakefront  3 $1,403,333  $670.50  98.3%  47
FAWN-general  4   $880,600  $327.05  98.7% 106
FAWN-lakefront  0      NA     NA   NA  NA
FOX 12   $912,113  $448.25 103.2%  37
MOON 27   $812,833  $532.72 105.0%  37
SUGA 17   $373,603  $436.03 103.1%  45
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports March 23, 2022

February 2022 Big Bear Real Estate Stats

Below are the monthly single family residence statistics from the Big Bear MLS for the month of February. As you can see, we posted huge additional increases pretty much across the board (remember when we got down to only 47 properties in January?).  The inventory has gone up a bit to 101 single family residences, but still extremely low for this time of year; so it will be interesting to see what the March numbers bring!
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 17   $485,153   $447.86 105.4%  58
BBL 14   $935,179   $568.71 106.4%  28
BBL-Lakefront  1   $990.000 $1,730.77  99.1% 142
FAWN  2   $599,500   $393.25 100.5%  26
FAWN-Lakefront  1 $1,908,000 $1,238.16  95.5%  68
FOX  9 $1.243,167   $468.48 101.5%  88
MOON 13   $623,185   $539.67 110.9%  29
SUGA 14   $349,421   $414.96 103.0%  33
Have a great week!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationListingsMarketing Reports January 9, 2022

December 2021 Big Bear Real Estate Statistics/Inventory by Price

Happy New Year!
Well, we survived another holiday season up here in Big Bear!  With Christmas and New Year’s Day both being on weekends and with some fresh snow thrown in-between for good measure, it was extra crazy up here this year, but that was great for vacation rental owners and other businesses, of course!  It’s only the beginning of the winter season and we are down to only 51 single family residences left for sale in the Big Bear MLS!! Remember when we thought that 62 was insanely low last February?  I wouldn’t be surprised if we hit teens or even single digits by the end of the season, so there has never been a better time to sell (for non-Lakefront properties); but for buyers, hopefully there will be some relief (however small) in the Spring.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC  32   $518,213 $366.86 103.5%  60
BBL-general  19   $708,147 $425.67 101.6%  77
BBL-Lakefront   3 $2,345,667 $501.07  94.4% 215
FAWN-general   4   $578,000 $325.10  98.6%  95
FAWN-Lakefront   1 $1,150,000 $396.01  95.8% 302
FOX   6   $886,583 $475.84 103.5%  55
MOON 15   $638,053 $476.54 104.0%  49
SUGA 11   $373,752 $361.27 101.5%  50
With the current inventory already being down to a historic low of 51 single family residences, I thought it might be interesting to look at the inventory as a function of price.  Keep in mind that most savvy sellers don’t list lakefronts in the winter (see how low the avg. $/sqft are, compared to summer), so the top price bracket is lower than might be expected and anything under $450k is going to be more in the areas outside of the City of Big Bear Lake (Sugarloaf, Baldwin Lake, Erwin Lake, etc.).
List price           #on market
————–      ————–
$2M+                     2
$1.5-1.999M           5
$1-1.499M              7
$900k-1M               4
$800-899k              3
$700-799k              6
$600-699k              4
$500-599k              4
$400-499k              7
$300-399k              5
$250-300k              4
Have a great week!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsGeneral Information December 30, 2021

What Are the Differences Between Lake Arrowhead and Big Bear Real Estate?

Update to post from 4/27/2012:

One of the questions that we get fairly often is “What are the differences between Big Bear Lake and Lake Arrowhead?” One of the reasons that people sometimes ask this question is probably because they are looking at all kinds of different sites such as, Redfin, or (God forbid) Zillow and see various price ranges that don’t seem to make sense. First, the most important difference is that Lake Arrowhead is a private lake and Big Bear is a public lake. This means that, even if you own a property in Lake Arrowhead, you aren’t allowed to use the Lake unless you also own lake rights (only available in Arrowhead Estates) and your short-term renters (less than 30-day rentals) are not allowed to use it at all, even if you have lake rights. Therefore, some properties seem less expensive because the owners don’t have the right to do anything but look at the Lake. In Big Bear, on the other hand, anyone can use the Lake (whether they own land there or not). There are also other restrictions on Lake Arrowhead (such as no jet skis), but this is really the most important. There are also very different areas of Arrowhead from lakefront to Crestline, just as in the Big Bear area, where you can spend $600+/sqft for a property right on the Lake, down to $350/sqft in the more outlying areas which are 10-15 miles from the Lake and resorts. Another important difference is the altitude. Big Bear is at approx. 6800ft which explains why we have 320+ days of sunshine a year. Even when it is raining in Los Angeles or San Diego, it is often sunny up here because we are usually above the cloudline. That’s why we have one of only a handful of Solar observatories in the world in Big Bear! It’s also why you may have experienced what seems like the worst fog you’ve ever seen in your life while driving up through the Lake Arrowhead area. Because of their lower altitude, they are usually right at cloud level, so they are literally in the clouds many days when it is perfectly sunny in Big Bear.  Also, because of the lower altitude, Lake Arrowhead is usually about 5-10 degrees hotter in the Summer. Finally, the closest ski resort to Arrowhead is Snow Valley, which is about a 30min. drive with no traffic or weather (and much longer with – I’ve actually heard of people taking 4.5hrs to get from Lake Arrowhead to Big Bear in the winter); whereas Big Bear has two resorts right within its city limits (Bear Mountain and Snow Summit). Along with the private lake, this is the main reason why properties in Lake Arrowhead typically do not make as good vacation rentals. In summary, if you want a full-time property that you can commute to San Bernardino more easily from and/or are not concerned with rentals and lake use, Arrowhead may be the choice for you; but if you want a property with good vacation rental potential, proximity to the ski resorts, and lake use, Big Bear is probably the better choice.

Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports December 5, 2021

November 2021 Big Bear Real Estate Stats/Opening Day for the Resorts!

Sales remain very strong, even with the single family residence inventory already down to only 81 properties in the Big Bear MLS.  That’s already almost down to the 62-property historic low that we reached in February of this year.  For reference, that’s only about a 1/2 month supply and we would normally be around 500 properties at this time of year!
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC  45   $471,713 $367.30 101.8%  56
BBL-general  20   $696,425 $437.88 101.3%  44
BBL-Lakefront   2 $1,912,500 $629.33  97.5% 143
FAWN-general   6   $651,067 $354.86  98.2%  42
FAWN-Lakefront   0      NA   NA   NA  NA
FOX  11   $751,298 $406.98 102.4%  42
MOON  39   $657,606 $445.01 100.6%  58
SUGA  17   $340,400 $341.29  98.9%  68
Finally, this past Friday (Dec. 3rd) was opening Day for both Snow Summit and Bear Mountain, so we’ll see you on the slopes!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports October 18, 2021

September 2021 Big Bear Real Estate Stats/Inventory

With our first dusting of snow already last week, we are well into the fall season already.  Besides snow, nothing shows that more than our already plummeting inventory.  While inventory normally drops during the fall and winter, we are already down to only 134 active single family residences in the Big Bear MLS! That number should be around 500 at this time of year and usually only drops as low as 300 at the tail end of winter.  In addition, we had 141 single-family residences sold last month, so we are currently just under a 1-month supply!  Below are the sales stats for the month of September.
Area #Sales Avg. Sale Avg.$/sqft SP/LP DOM
BBC  37   $490,932 $354.93 101.1% 60
BBL-general  29   $663,213 $429.00 101.4% 43
BBL-Lakefront   3 $1,380,000 $727.20  97.1% 61
FAWN-general   2    $615,000 $351.00  98.8% 63
FAWN-Lakefront   1 $2,040,000 $822.91  97.1% 47
FOX 10    $871,100 $397.00  99.2% 62
MOON 22    $682,955 $428.44 100.9% 55
SUGA 24    $314,179 $349.89 100.3% 41
Have a great week!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports September 19, 2021

August 2021 Big Bear Real Estate Stats

Below are the stats for last month’s single-family residence sales.  As of this morning, the inventory sits at only 195 sfr’s in the Big Bear MLS.  A couple people have asked about the few properties that don’t get listed in the Big Bear MLS and you can see them, also, on our website, since we are the only brokerage that I am aware of that belongs to the Big Bear MLS, CRMLS, and San Diego MLS.  If you ever want to set up a custom search there, you can access it via this link: Big Bear Real Estate.  The number of sales remained very high last month, but we finally saw a couple of areas that did not sell over 100% of asking price.  Whether this is a new trend or just overly-aggressive sellers who had priced too high, but wanted to sell before our un-official end of Summer (Labor Day weekend), remains to be seen.
Area #Sales Avg. Sale Price Avg. $/sqft SP/LP DOM
BBC  53   $430,067 $363.01 102.7% 48
BBL-general  30   $721,034 $429.77  99.4% 53
BBL-Lakefront   1 $4,750,000 $519.69  86.4% 66
FAWN-general   3   $538,333 $302.21  99.2% 39
FAWN-Lakefront   2 $2,025,000 $564.63  91.4% 56
FOX   6   $910,000 $424.59 101.3% 54
MOON  32   $555,998 $427.06 100.9% 48
SUGA  23   $311,004 $345.87  99.2% 55
Have a great week!
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor Sellers August 21, 2021

July 2021 Big Bear Real Estate Stats

Sales remained strong through the month of July and (as normally happens this time of year) the inventory seems to have peaked for the year already.  It has dropped below 200 single family residences again and is currently at 198 active properties in the Big Bear MLS.  If normal trends persist, the inventory will continue to decrease through the fall and winter, bottoming out in February or March of next year, when the whole cycle repeats itself.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 36  $443,864 $327.80 102.21% 49
BBL 30  $664,990 $441.17 101.84% 58
BBL-Lakefront  6 $2,189,802 $558.57  95.76% 75
FAWN  2   $920,000 $414.01 109.06% 60
FAWN-Lakefront  1   $649,000 $462.91 100.00% 35
FOX 11 $1,012,636 $422.49 103.55% 54
MOON 17   $638,818 $420.77 102.15% 52
SUGA 18   $372,439 $369.67 103.58% 39