Market Wide Summary Big Bear Real Estate market snapshot for the month of March 2019 The average sales price of single family homes in March decreased by 7% compared to the previous month, though the median sales price was up 5% from February. The average price over Jan-Mar 2019 was 5% higher compared to the average over the first quarter of 2018. List Price vs. Sale Price and Days on Continue Reading
Big Bear Real Estate Market February 2019
Market Wide Summary Big Bear Real Estate market snapshot for the month of February 2019 The average sales price of single family homes in Big Bear in February increased by 28% compared to the previous month, and the median sales price was up 7%. Both average and median sales prices over Jan-Feb were 5% higher compared to those averages over the first 2 months of 2018. List Price vs. Sale Continue Reading
Why Doesn’t a Big Bear Appraiser Use Price Per Square Foot to Determine Value?
By Rick Hackney, Hackney Appraisal Service "What is the price per sq ft?" I get this question often from Realtors and homeowners. Because this is a common method of comparison, I thought I would explain how appraisers view this approach to value. The price per sq ft is the most familiar method of comparison that many people are aware of. Remember that everything about the property is Continue Reading
Big Bear Real Estate Market January 2019
Market Wide Summary Big Bear Real Estate market snapshot for the month of January 2019 The median sales price of single family homes in January decreased by 13% compared to the previous month, and average sales price was down 11%. However, average sales price in January was 6% higher compared to the average sale price over all of 2018. List Price vs. Sale Price and Days on Continue Reading
Big Bear Real Estate Market 2018
Big Bear Real Estate Market Wide Summary - 2018 The Big Bear real estate market experienced ups and downs in 2018. The average sales price of single family homes increased by 4% compared to 2017. Median sales price was up 8%. List Price vs. Sale Price and Days on Market Properties sold in 2018 went for 98% of the asking price after 92 days on market on average, compared to 98% and Continue Reading
Big Bear Real Estate Market November 2018
Market Wide Summary Big Bear Real Estate market snapshot for the month of November 2018 The average sales price of single family homes in Big Bear in November remained virtually unchanged compared to the previous month, and the median sales price was down 3% from October. Median sales price over Jan-Nov was 10% higher compared to the median sales price over the same period last year. List Continue Reading
Winterize Your Big Bear Cabin
Be wise and winterize! As temperatures get down below freezing in Big Bear, homeowners need to take precautions to protect their cabins from property damage due to frozen broken pipes. Any water pipe exposed to temperatures of 32ºF or below can freeze. Expansion of water as it freezes can generate enough pressure to burst pipes and fixtures. As those pipes thaw, water may Continue Reading
Big Bear Real Estate Market October 2018
Market Wide Summary Big Bear Real Estate market snapshot for the month of October 2018 The average sales price of single family homes in Big Bear in October increased by 18% compared to the previous month, and the median sales price was up 12% from September. Median sales price over Jan-Oct was 11% higher compared to the median sales price over the same period last year. List Price vs. Sale Continue Reading
Big Bear Real Estate Market September 2018
Big Bear Real Estate Market Snapshot for the Month of September 2018 Market Wide Summary The average sales price of single family homes in September decreased by 11% compared to the previous month, though year-to-date was 6% above where it was January-September of last year. Median sales price was down 6% from last month, though was 11% higher YTD compared to what it was over the first Continue Reading
Is Your Big Bear Listing Priced Right?
By Rick Hackney, Hackney Appraisal Service Overpricing your home can be a problem. Let’s review some of the most common mistakes made in arriving at a list price, and my comments. 1. There is a listing down the street that you view as inferior to your home and therefore your property should be listed for a higher price. Comment: Closed and pending sales are the best indicators of value, Continue Reading
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