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!!
Posted on January 4, 2019 at 9:36 am
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Listings, Marketing Reports | Tagged , , , ,

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!
Posted on March 21, 2018 at 10:19 am
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Sellers, General Information, Marketing Reports | Tagged , , , ,

November 2017 Big Bear Real Estate Stats/Resorts Open this Weekend!!

Here are last month’s statistics for the Big Bear Real Estate market. The inventory has continued to drop and, as of this morning, there are only 309 Single Family Residences left on the market!  This is lower than we typically see even at the lowest point of the year (in Spring).  At this rate, I wouldn’t be surprised if it drops to double digits by the end of the season!  In addition, this year there is the possibility of the new tax reform plan and there are people buying in an attempt to get grandfathered in with higher interest deductions, as well as concerns about higher mortgage interest rates.  Below is an excerpt from an email that we received recently from one of our national lenders:
“You have likely heard that the current administration may be reforming the tax code. Reforms to the tax code will impact many aspects of our economy. It is unknown what the final plan will include or the exact impacts it will have, but one very likely consequence of the plan, as proposed today, will be increasing interest rates on Treasury Bonds caused by shifting economic conditions, and rebalancing of cash positions held in Treasuries in the global economy.

If interest rates on Treasury Bonds increase, then mortgage interest rates in the U.S. will also increase since mortgage rates are directly impacted by rates of U.S. Treasuries.”

Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 36   $255,674 $202.22 98.68% 106
BBL 25   $434,444 $252.02 98.21% 158
BBL-Lakefront  1 $1,020,000 $448.55 92.74% 187
FAWN  3   $224,667 $258.06 98.03% 359
FAWN-Lakefront  0 N/A N/A N/A N/A
FOX 15   $492,200 $258.04 97.50% 147
MOON 33   $310,263 $251.64 98.91%  84
SUGA 23   $196,235 $199.75 97.63%  98
Finally, the local resorts have been blowing snow all week and both Bear Mountain and Snow Summit are scheduled to open this Friday!
Posted on December 7, 2017 at 10:01 am
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Sellers, General Information, Marketing Reports, Regional News | Tagged , , , ,

October 2017 Big Bear Real Estate Stats/CA Market Forecast

Hi folks!
As we are almost up to the beginning of the Holiday Season, we are down to only 342 Single-family residences left on the market in the Big Bear MLS.  As we have discussed in the past, the inventory normally starts to drop after summer, but when combined with the finalization of the Aspen acquisition of our local resorts this year, it has plummeted this year to levels we normally only see at the end of the winter season in Feb. or March!  Below are the stats for last month.  I’m considering starting to combine BBL-general and BBL-lakeview because so many agents are listing properties as “lakeview” even if they are 2 miles from the Lake, with only a peek-a-boo view, that it can make the stats misleading for that category.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 43 $229,946 $203.67 97.98% 119
BBL-general 18 $381,378 $258.67 97.70% 107
BBL-lakeview 12 $520,708 $228.37 98.11% 168
BBL-Lakefront  4 $1,670,000 $451.03 87.92% 451
FAWN  4  $298,850 $174.77 94.90% 270
FAWN-Lakefront  2  $974,950 $585.18 100.0% 278
FOX 12  $590,208 $250.48  97.92% 133
MOON 30  $353,317 $235.91  98.08%  86
Here’s a link from the San Diego Association of Realtors (which we also belong to, in order to give more exposure to our listings).  According to the article:
“With the economy expected to continue growing, housing demand should remain strong and incrementally boost California’s housing market in 2018, C.A.R. said. However, C.A.R. said a shortage of available homes for sale and affordability constraints will continue to be a challenge.
The California median home price is forecast to increase 4.2 percent to $561,000 in 2018, following a projected 7.2 percent increase in 2017 to $538,500.
“This year’s housing market can be told as a tale of two markets, the inventory constrained lower end and the upper end that’s non-inventory constrained,” said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. “This trend is likely to continue into 2018 as active listings have declined across all price ranges for the past two years, but is most obvious at the lower end.years, but is most obvious at the lower end.”
Have a great weekend and a fantastic Thanksgiving Holiday!!
Posted on November 17, 2017 at 9:49 am
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports, Regional News | Tagged , , ,

Best Places to Get a Cup of Coffee in Big Bear

Big Bear Lake es el único centro turístico en el Sur de California que está de temporada durante todo el año. Big Bear Lake está ubicado en el San Bernardino National Forest, conocido por ser el mayor bosque urbano en el país. Con una altitud de 7000 pies y gozando de más de 300 días soleados al año, el espléndido clima, la belleza escénica y la amplia gama de actividades recreativas hacen de Big Bear el lugar perfecto para disfrutar de unas vacaciones familiares, actividades al aire libre y salidas románticas con su pareja. Si le interesa compar una casita de vacaciones Lamenos al 909-521-0330 , Big Bear Real Estate. Puede comunicarse con Ana o Joe. En mi blog pasado hablamos de las tiendas de ropas, pero olvidamos mencionar los sitios donde puedes tomarte un cafe acompnado de un rico postre. Hay muchos sitios donde puedes ir, pero uno de mis favoritos es Copper Q, rico cafecito con una diversidad de pastelitos, galletas, ademas de bagels, ensaladas, sanwiches y muchas mas opciones. Ofrecen demostraciones de cocina los fines de semana. Otro de los lugares es Tea and Coffee Exchange, donde ofrecen una variedad de bebidas calientes ademas de rico sabores de Gelato. Big Bear fue y es uno de mis sitios favoritos; experimente muchos lugares de vacaciones anterioremente, pero Big Bear robo toda mi atencion.; perfecto sitio para relajarme despues de una larga semana de stress y mucho trabajo.
No te olvides de comunicarte en relacion a Big Bear Real Estate con tus agentes/amigos en Big Bear al 909-521-0330 ; con mucho gusto te informaremos de bienes y raices, excelentes inversiones en Big Bear Lake y tambien si deseas rentar una casita por unos dias.
Joe Kovich podra informarte especificamente en todo lo relacionado con las inversiones en Big Bear, ya que nosotros tenemos la experiencia en cuanto a ese campo; las inversiones nos permitieron retirarnos temprano en nuestra casa de vacaciones. Fue tanta la sastifaccion de nuestro logro, que decidimos dedicarnos a las bienes y raices para poder compartir nuestro
conocimiento con los demas. Big Bear Real Estate- 909-521-0330

Posted on April 10, 2012 at 3:12 pm
Joe Kovich | Category: Big Bear Real Estate, For Buyers, General Information | Tagged ,

Big Bear Real Estate Shopping

Big Bear Lake es el único centro turístico en el Sur de California que está de temporada durante todo el año. Big Bear Lake está ubicado en el San Bernardino National Forest, conocido por ser el mayor bosque urbano en el país. Con una altitud de 7000 pies y gozando de más de 300 días soleados al año, el espléndido clima, la belleza escénica y la amplia gama de actividades recreativas hacen de Big Bear el lugar perfecto para disfrutar de unas  vacaciones familiares, actividades al aire libre y salidas románticas con su pareja. Si le interesa compar una casita de vacaciones  Lamenos al  909-521-0330,   Big Bear Real Estate.  Puede comunicarse con Ana o Joe; se habla espanol.
Big Bear ofrece una variedad de shopping centers y lugares donde puedes encontrar excelentes ofertas,  hay diversas tiendas de ropas, pero en paricular el Lago Boutique tiene los mejores precios en el Village, les recomiendo tambien las tiendas Clothing Stop y para un gusto mas sofisticado O KOO Ran.
Despues de un largo dia de compras, que mejor que relajarse en uno de los mejores Spa en el Village llamado Spa and Wellness Center donde ofrecen una variedad de servicios como faciales, masages, pedicures and manicures. Ya acercandose la noche, planea con tus amigos o familia una cena en un sitio espectacular, mis recomendaciones son las siguientes: Peppercorn Grille, El Jacalito, Evergreen Restaurant, Sweet Basil Bistro, Himalayan.
Si disfrutas de las actividades y diversas opciones que ofrece Big Bear, recuerda en darnos una llamada al 909-521-0330, Big Bear Real Estate, donde atentamente te ofrecemos informaccion gratuita acerca de bienes y raices en Big Bear Real Estate.
Posted on April 5, 2012 at 7:19 pm
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Sellers, General Information | Tagged , ,

Big Bear Real Estate en Espanol

Big Bear uno de los sitios de vacaciones favoritos para  la familia. Ofrece muchas actividades en invierno y en verano, asi como diversos centros de compras y restaurantes con exquisitas comidas. Encontraras algo para cada miembro de la familia, asi todos se divertiran y pasaran un tiempo espectacular en Big Bear. No hay como tener tu casita de vacaciones y disfrutarla con la familia. Nuestro team en Big Bear Real Estate ofrecemos servicio a los compradores en la compra de su casa o en buscar un sitio para vacaciones. Lamenos al 909-521-0330 Big Bear Real Estate.  Puede comunicarse con Ana o Joe- . Se habla espanol.
Para los inversionistas en Big Bear, el sitio donde se encuentra la casa es muy importante, ya sea cerca de los esquiadores o del lago, ya que si comprar en estos lugares espicificos puedes hacer mucho dinero rentandolas en vacaciones de verano o invierno. Al mismo tiempo nosotros ofrecemos servicios de manejo de propiedades de vacaciones inluyendo una excelente profesional website donde incluye las propiedades en renta. Nuestros clientes estan muy sastifechos con los resultados de sus inversiones. My esposo y yo tenemos larga experiencia en invertir en casas, esos nos permitio retirarnos a temprana edad. Decidimos dedicarnos a bienes y Raices- Big Bear Real Estate, para comunicar y compartir a las personas nuestros conocimientos acerca de la inversion. Cualquier pregunta acerca de rentar, comprar, invertir o poner tu casa en el mercado, porfavor llamenos; tendremos el gusto en ayudarle. Muchas actividades te esperan en Big Bear; esquiar, snowboarding, deslizarse en la nieve, tomar un paseo en bote por el lago, andar en caballo, bicicleta de montana, hiking, caminar alrededor del lago y muchas mas. Puedes encontrar nuestra website on line: www.bigbearteam.com
Posted on February 13, 2012 at 10:46 pm
Joe Kovich | Category: Big Bear Real Estate, For Buyers, For Sellers | Tagged ,