The Big Bear real estate market continues to steadily improve. The number of monthly home sales continues to increase year over year and prices have increased to relieve pressure on sellers but, at the same time, not creating an affordability problem for the buyers in our market. As I have noted in previous blog posts, the Big Bear lake market is driven by sophisticated buyers and sellers who are less effected by the tightened credit market. 30% or more of our sales continue to be cash purchases. It is an important note for buyers that Big Bear has not reached the peak pricing we experienced at the end of 2006 and into 2007. Our prices remain about 20% below that peak while other areas in California have exceeded the previous highs. Buyer's can still expect additional appreciation.
Above are the market statistics as of March 3, 2016. Inventory remains low. That will change over the next 90-120 days as we enter what is affectionately termed the listings season. It will be interesting to see if the new properties entiering the market are priced competitively or if they reflect the anticipated appreciation of 3-5% this year. Feel free to send any questions you have about Big Bear Real Estate to [email protected]
Author:Mark and Carrie Dolan Phone: 909-912-5032 Dated: March 3rd 2016 Views: 982 About Mark and Carrie: Experience:
Mark has been a full time professional real estate agent in Big Bear Valley since 198...
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Big Bear Lake is Southern California's premier 4 season mountain resort. The Big Bear Valley is 3 miles wide, 11 miles long, and is completely surrounded by the San Bernardino National Forest. Big Bear is your destination resort for snow skiing, mountain biking, water skiing, hiking, horseback riding, trout and bass fishing, and fresh air and pine trees.
Here is a great article from one of Big Bear's most experienced
"In our opinion, what sets Mark apart from the average Realtor, is his dedication to the job, and the thoroughness and full follow through on any requests we made. He stands out as a bright, intelligent young man who is always available to you but never seems to be pushing you into decisions you are not ready to make. He leaves you with the impression that he has your best interests at heart and that the information he gives you can be relied on."