The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now. Here’s what industry experts are saying right now about the spring housing market and Continue Reading
Big Bear Real Estate Market April 2023
Big Bear Real Estate Market Stats for the month of April 2023 Market Wide Summary The average sales price of single family homes in Big Bear in April was up 13% compared to the previous month, though the median sales price was down 5%. Average sales price over Jan-Apr 2023 was 5% lower and median sales price was down 13% compared to Jan-Apr 2022. The number of sales decreased by 24% month Continue Reading
Why Aren’t Home Prices Crashing?
There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing. Even though we’re no longer seeing the buyer frenzy that drove home Continue Reading
Big Bear Real Estate Market March 2023
Big Bear Real Estate Market Stats for the month of March 2023 Market Wide Summary The average sales price of single family homes in Big Bear in March was down 6% compared to the previous month, and the median sales price was down 9%. Average sales price over Jan-Mar 2023 was 9% lower and median sales price was down 13% compared to the first quarter of 2022. The number of sales increased by Continue Reading
The Best Time to List Your Big Bear Cabin is Almost Here
If you’re thinking about selling your Big Bear cabin this spring, it’s time to get moving – the best week to list your house is fast approaching. Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year: “Home sellers on the fence waiting for that Continue Reading
Big Bear Real Estate Market February 2023
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 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
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