Big Bear Real Estate Market Stats for the month of February 2023 Market Wide Summary Sales activity of single family homes in Big Bear has been slow and steady as there were 50 sales in each of the first two months of 2023, and 53 new listings in each of those months as well. Average sale price was up 7% from January to February, and median sale price was down just 2%. Average sales price Continue Reading
Big Bear Lake Storm Update
Storm Update UPDATE AS OF 3/7: SR-18 through Lucerne Valley is open to all vehicular traffic. No restrictions. SR-38 through Mentone is open to RESIDENTS ONLY. Proof of Big Bear Residency is required. SR-18/330 from Running Springs remains closed. For road updates, please follow the Caltrans link here. Follow local forecast updates at bensweather.com. City of Big Bear Lake Continue Reading
Big Bear Real Estate Market January 2023
Big Bear Real Estate Market Stats for the month of January 2023 Market Wide Summary The average sales price of single family homes in Big Bear in January was 8% higher than what it was in December 2022, though the median sales price stayed virtually the same. Average sale price was about 8% lower in January compared to the average sale price over all of 2022. List Price vs. Sale Price Continue Reading
Why a Recession Does Not Mean Falling Prices
Chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says: “Two-in-three economists are forecasting a recession in 2023 . . .” As Continue Reading
Big Bear Real Estate Market 2022
Big Bear Real Estate Market Wide Summary - 2022 The Year in Review 2022 was another interesting year for the Big Bear real estate market. Average sales price was up 14% compared to 2021, and average price per square foot was up 15%. List Price vs. Sale Price and Days on Market Properties sold in 2022 went for 101% of the asking price after 57 days on market on average, compared to Continue Reading
Advantages of Buying a Big Bear Home Today
There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates. Here are three reasons potential homebuyers should Continue Reading
Big Bear Real Estate Market November 2022
Big Bear Real Estate Market Stats for the month of November 2022 Market Wide Summary The real estate market in Big Bear continues to shift. The total number of sales of single family homes in November was down 41% compared to the prior month. The average sales price was down 7% compared to the previous month, and the median sales price was down 2%. However, average and median sales prices Continue Reading
What You Need to Know About Inventory in Big Bear
Here’s one key factor that could help you with your decision to buy a Big Bear home: there are more homes for sale today than there were at this time last year. There are more homes available for sale than there were at the same time in 2021. And having more options for your home search may be exactly what you need to feel confident about making a move. Here’s a look at where the Continue Reading
Big Bear Real Estate Market October 2022
Big Bear Real Estate Market Stats for the month of October 2022 Market Wide Summary As temperatures continue to cool off in Big Bear, so does the real estate market. The total number of sales of single family homes in October was down 7% compared to the prior month. The average sales price was down 4% compared to the previous month, and the median sales price was down 2%. However, average Continue Reading
Big Bear Real Estate Market September 2022
Big Bear Real Estate Market Stats for the month of September 2022 Market Wide Summary Though Big Bear real estate sales activity has shown signs of stabilizing over the past few months, the market is still navigating uncharted waters. The total number of sales of single family homes was down 9% compared to the prior month. The average sales price was down 17% compared to the previous Continue Reading
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