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
What Are the Experts Saying About the Spring Housing Market?
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
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