Current in the News!
Below is your
AUGUST 2012 monthly update for the beautiful Big Bear Real Estate market as of
8/20/2012...
AGAIN & AGAIN CONSISTENT is what continues for Big Bear
area sales. Consistent sales pending each month average over 150 to 200 every
month here. If you have been thinking about purchasing or selling a home or 2nd
home or investment property, call or email me to learn more. Or forward this
newsletter on to someone you know who may benefit. Thanks.
Right Now
there are apx 201 (THIS IS UP) in escrow pending sales. Inventory for sale is
down which drives prices up. Combined with the data below it seems we may have
already seen the bottom of the prices .... Here are those on the local Big Bear
MLS market (there are others from outside the area so just call me):
*605-RESIDENTIAL, 361-VACANT LAND,17-MOBILE HOMES, 19-CONDOS, 16-GOVERNMENT
LEASE, 67-COMMERCIAL & RESIDENTIAL OR COMMERCIAL/BUSINESS & 10-BUSINESS
OPPORTUNITIES ...
Sources: BBLMLS/SoCalMLS data only; CAR Market
matters; News Genius, Case-Shiller, Kiplinger Consumer Sentiment This
information is deemed reliable but not guaranteed
Location
Characteristics: Big Bear Valley is composed of numerous small towns. A true
four season resort with winter skiing and summer lake activities. The area is
driven by weekend and holiday visitors. As many as 100,000 visitors will flock
to it's beauty during the 1st snow expected around the 1st week of November or
4th of July weekend or for annual carshows or snowboarding events. It is the
only year round vacation area within 2-3 hour driving distance of LA, Orange,
Riverside, San Diego Counties and is swiftly earning the nickname of "the next
little Aspen" The Big Bear area is made up of primarily 2nd or 3rd homeowners
and varies in price from around $25,000 to 6.5 million. Few areas offer year
round vacation activities combined with real property appreciation and excellent
portioned rental incomes allowing the owner use and enjoyment as well as tax
advantages.
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