Home Prices By Quarter The graph below shows average and median home prices in each quarter since Q1 2010. We can see that home prices have risen fairly steadily over the last couple of years. It is also interesting to note that the median home price has increased more in the first quarter of 2015 than in any other quarter over the last 5 years. Market Wide Summary The Continue Reading
Spring in Big Bear
The daffodils are in bloom, the birds are singing, and the fresh mountain air is invigorating. Though winter chill may linger in the early spring days, spring is a wonderful time to enjoy the good life in our mountain oasis. Here are three cool things that this season brings. 1. Big Bear Lake is Open It's time to get out on the lake! On April 1st, the Big Bear Lake Continue Reading
Who Will Manage Your Vacation Rental Investment?
Vacation Rental Management If and when you decide to put your Big Bear investment property on the vacation rental market, you will need to decide how it will be managed. Managing your property by yourself can be overwhelming and sometimes unfeasible, especially when you live hours away. Many investors opt to enroll their properties in rental programs offered by a vacation rental management Continue Reading
Market Snapshot – February 2015
Market Wide Summary There is a continuing trend of rising property values in the Big Bear area, though we did see a slight dip in average and median sold prices from the prior month. The median sales price of single family homes in February decreased by 16% compared to the previous month and is even with where it was in February of last year. Average sales price is up Continue Reading
Mammoth Buys Big Bear Mountain Resorts
It's official! The final documents have been signed and Snow Summit and Bear Mountain are now part of the Mammoth family. The acquisition has been in the works for several months and now the sale of Big Bear Mountain Resorts to Mammoth Resorts is official. What does the future hold for the resorts? Rusty Gregory, CEO of Mammoth Resorts, said they will not be making any major changes at Continue Reading
Market Snapshot – January 2015
Market Wide Summary There is a continuing trend of rising property values in the Big Bear area. The median sales price of single family homes in January increased by 9% compared to the previous month and is 31% higher than it was in January of last year. Average sales price is up 20% from January 2014. Property values increased year over year in all four zip codes in Big Bear. Continue Reading
Big Bear Government Lease Cabins
Recreation Residences ("Government Leases") Recreation Residences are cabins located on National Forest land throughout the country. The cabins are part of the U.S. Forest Service's Recreation Residential Program, started nearly 100 years ago to encourage use of what was then the fledgling national forest system. The cabins themselves are privately owned by individuals, while the land on which Continue Reading
5 Differences Between Big Bear Lake and Lake Arrowhead
Big Bear Lake or Lake Arrowhead? A common question that we get asked by clients and visitors to Big Bear is, "How is Big Bear Lake different from Lake Arrowhead?". This is a great question since Big Bear and Arrowhead have many similarities. Both are mountain lake resort communities located in the San Bernardino Mountains. Tourism is the primary economic generator for both communities, and both Continue Reading
Big Bear Vacation Rental Investment
Return On Investment Investing in a second home can be a lucrative way to build and diversify your investment portfolio. Owning a home in a resort market like Big Bear can have additional benefits, especially if you know how to maximize the potential for return on your investment. Purposeful and focused management of your investment property as a vacation rental can yield Continue Reading
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