Big Bear Real Estate Market Stats for the month of September 2023 Market Wide Summary Though Big Bear real estate sales activity continues to show signs of stabilization, the market is still navigating uncharted waters. The total number of sales of single family homes was down 15% compared to the prior month. The average sales price was down 17% compared to August and the median sales Continue Reading
Big Bear Lake Oktoberfest 2023
The Big Bear Lake Oktoberfest celebrates 53 years of German fun Oktoberfest is back! Rated the #1 Oktoberfest in Southern California, the Big Bear Lake Oktoberfest offers a unique experience unlike any other and attracts thousands of visitors every year. Set in a gorgeous alpine setting at the Big Bear Lake Convention Center, the Big Bear Lake October festival is a true German Continue Reading
Bear Mountain – Snow Summit Interconnect Proposed
One mountain to rule them all According to plans released August 29, Big Bear Mountain Resort intends to expand and connect neighboring resorts Bear Mountain and Snow Summit. The scope of the master development plan would include new chairlifts and approximately 77 acres of new trails with snowmaking. Two chairlifts, about 4,000 feet each, would connect the resorts and meet at a central low point Continue Reading
Big Bear Real Estate Market August 2023
Big Bear Real Estate Market Stats for the month of August 2023 Market Wide Summary The average sales price of single family homes in Big Bear in August was up 15% compared to the previous month, and the median sales price was up 6%. Average sales price over Jan-Aug 2023 was 6% lower and median sales price was down 9% compared to Jan-Aug 2022. List Price vs. Sale Price and Days on Continue Reading
How Much Will My Vacation Rental Earn?
Updated 8/21/23 Q: How much can I expect my Big Bear investment cabin to earn as a vacation rental? A: It depends... The earning potential of a Big Bear vacation rental property depends on several factors Location, Location, Location Typically, homes near the lake, village, and ski resorts will gross the highest in the Big Bear valley. Central Big Bear Lake tends to be the highest Continue Reading
Foreclosure Numbers Today Aren’t Like 2008
If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today. According to a recent Continue Reading
Big Bear Real Estate Market July 2023
Big Bear Real Estate Market Stats for the month of July 2023 Market Wide Summary The average sales price of single family homes in Big Bear in July was up 11% compared to the previous month, and the median sales price was up 4%. Average price per sq ft remained relatively unchanged. Average sales price over Jan-Jul 2023 was 7% lower and median sales price was down 10% compared to Jan-Jul Continue Reading
Big Bear Real Estate Market June 2023
Big Bear Real Estate Market Stats for the month of June 2023 Market Wide Summary The Big Bear real estate market continues to show signs of stabilization. The average sales price of single family homes in Big Bear in June was down 3% compared to the previous month, and the median sales price was down 4%. Average sales price over Jan-June 2023 was 8% lower and median sales price was down Continue Reading
Oops! Home Prices Didn’t Crash After All
During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.” Mark Zandi, Chief Economist at Moody’s Continue Reading
Big Bear Real Estate Market May 2023
Big Bear Real Estate Market Stats for the month of May 2023 Market Wide Summary The average sales price of single family homes in Big Bear in May was down 21% compared to the previous month, but the median sales price was up 7%. Average sales price over Jan-May 2023 was 6% lower and median sales price was down 11% compared to Jan-May 2022. List Price vs. Sale Price and Days on Continue Reading
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