Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersMarketing Reports September 5, 2022

August 2022 Big Bear Real Estate Stats/Subscribe to Continue Receiving Updates!!

Hi folks,
Below are the Big Bear Real Estate stats for the month of August.  The number of sales and average sales prices remained strong from the previous month, but we are seeing less multiple offers, so properties are no longer selling over asking price, on average.  As normally happens at this time of year, the inventory has started falling already and we are down to only 334 single-family residences in the Big Bear MLS.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC   25   $486,992 $347.78  97.1%  56
BBL   18   $715,132 $452.28  99.8%  71
BBL     5 $2,840,800 $702.74  95.8%  38
FAWN     1   $719,667  $507.31  97.5%  32
FAWN     0   NA  NA  NA NA
FOX     3 $1,361,333 $447.59 91.9%  56
MOON   15    $670,887 $463.14 98.5%  59
SUGA   14   $381,214 $389.58 98.4%  63
Finally, our email service provider just switched to Outlook 365, but can not transfer over all of our distribution lists; so if you want to make sure you continue to receive our monthly updates, please go to the following link and enter your email address in the box towards the bottom of the page where it says “Don’t Miss Our Next Post”:

Thanks and have a great week!

Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports August 11, 2022

July 2022 Big Bear Real Estate Stats

Hi folks!
Below are last month’s Big Bear real estate sold stats for single family residences.  I removed one auction property that sold in Big Bear Lake for over $200K of “asking” because it really skewed the numbers misleadingly and pushed the Sales price to List price ratio (SP/LP) over 102%.  We normally reach our peak inventory at this time of year and it has actually already dropped over the past two weeks to only 343 sfr’s in the Big Bear MLS.  For those of you not following the action, they failed to reach a compromise on the STR initiative; so unless they agree on something by Friday, it looks like it will be on the ballot in November, when every vote will count!
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC   10   $460,100 $392.24  99.6%  36
BBL   13   $818,769 $497.81  99.3%  41
BBL-Lakefront    3 $1,385,000 $801.09 100.1% 235
FAWN    2   $407,450 $480.62  99.1%  39
FAWN-Lakefront    0    NA   NA   NA  NA
FOX    5 $1,150,000 $434.79  96.8%  49
MOON  14   $645,214 $483.67 100.3%  56
SUGA  10   $340,440 $433.98  98.1%  69
Have a great weekend!
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 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 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 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
Big Bear Real EstateFor BuyersFor Realty ProfessionalsFor SellersGeneral InformationMarketing Reports June 15, 2021

May 2021 Big Bear Real Estate Stats

Here are the Big Bear real estate statistics for last month.  As you can see, sales remain very strong, with most areas still selling 3-5% over asking price, on average.  As is usual in the Spring, inventory ticked up a bit (but much less than expected at this time of year), to only 172 single family residences on the market, which is still less than half of where we should be at this time of year.  If the inventory continues to follow the regular trajectory this year, it should rise slightly for about 2 more months, until it peaks in mid-August and then starts to go back down from there through the Fall and Winter.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 44   $406,083 $342.86 105.31% 40
BBL-general 24   $647,423 $451.02 106.10% 36
BBL-Lakefront  3 $1,868,333 $575.22  99.41% 60
FAWN-general  5   $507,800 $346.24 101.94% 57
FAWN-Lakefront  0     NA   NA   NA NA
FOX  8   $839,625 $377.51 103.92% 36
MOON 20   $647,982 $449.11 103.69% 36
SUGA 26   $325,819 $359.32 104.89% 42
Have a great week!
Big Bear Real EstateFor BuyersFor SellersGeneral InformationMarketing Reports May 9, 2021

April 2021 Big Bear Real Estate Stats

Below are the Big Bear Real Estate stats for the month of April.  As you can see, the number of sales and ratio of sales price to list price remained very high; but in general, closings that occurred in April typically opened in either February or March, when inventory was still at record lows.  As of today, we are at 156 active single family residence listings in the Big Bear MLS, which is still only about 40% of where we should be at this time of year, but much healthier than the 62 that we hit in February, so we are seeing less multiple offers and some easing of pressure on the buying side.
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 28  $486,443 $339.70 105.05% 38
BBL-general 32  $728,299 $421.71 104.81% 42
BBL-Lakefront  3 $1,774,167 $731.62 124.39% 54
FAWN-general  5  $839,000 $302.09  98.58% 90
FAWN-Lakefront  0     NA   NA   NA  NA
FOX  6  $867,167 $378.30 107.72% 44
MOON 36  $599,792 $421.79 107.27% 38
SUGA 21  $329,929 $380.58 107.32% 36
Have a great week!