sannesm

Big Bear Real Estate: 2012 Off to a Strong Start

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A snowy day in Spring makes it a good time to catch up on the Big Bear real estate market.  Quarter one is done – Let’s see how the Big Bear real estate market faired: 2012 has gotten off to quite an impressive start. Seasonally in Big Bear, most of the transactions done in any particular year occur in summer and fall and as such, the first quarter in Big Bear doesn’t necessarily define how the year will turn out. That said, this established momentum should not be ignored as it will certa...

Big Bear Real Estate: Spring 2012 Update – March Miracle

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Hello from Big Bear! Thanks for checking in with me on the Big Bear real estate market. No one was skiing in shorts on St. Patrick’s Day this year. Over two feet of new snow has fallen in the last few days, extending the winter ski season into spring. All this new snow doesn’t make it easy for potential buyers to come up and look for homes to buy, but, so far this year, we are seeing an increase in activity across the board as compared to 2011.   There are currently 549 active residential...

Big Bear Real Estate: January 2012 Price and Sales Update

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Thanks for checking in with me on the state of affairs in the  Big Bear real estate market. Let’s get caught up on the current market: When looking at the entire Big Bear Valley in January of this year compared to 2011, a couple numbers jump out: The year started out with a very strong month: overall, the average residential sales price increased 9.3% with the bulk of that increase coming from areas of Big Bear City (up 17.9%) and Sugarloaf (up 16.9%).  However, we also saw the average s...

Big Bear Real Estate: 2011 Year in Review

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Last year was another white knuckle ride for those looking to buy or sell real estate in Big Bear.  2011 was indeed an interesting year for Big Bear real estate. I heard our market described as a manic depressive’s paradise and, although that might be a slight exaggeration, it was indeed hard to pin down the momentum and direction of the market as it seemed to oscillate from, "yes, the sky is actually falling" to "let’s buy some land and start building spec homes again."  I did observe much ...

Big Bear Real Estate: Is Winter a Good Time to Buy?

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Hello from Big Bear! I hope you are enjoying the season and preparing to have a wonderful holiday with family and friends. We still have a bit of snow on the ground and a bit more on the way, -- it has started snowing again as I write this -- so it looks like it will indeed be a white Christmas here in Big Bear.  Let’s check in on the Big Bear real estate market shall we? As 2011 winds down, the inventory in Big Bear remains tight. There are currently 649 residential listings on our MLS, ...

Big Bear Real Estate: Prices and Sales Update, November 2011

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The seasons have most certainly changed here in Big Bear. Snow is on the ground from our first storm of the season and the big news in town is that both local ski resorts are now open for fun. Let’s check in on the Big Bear real estate market shall we? We are seeing an increase in demand here in Big Bear as October residential sales were up overall 13% compared to October of 2010. Much of that increase in sales came in the under $250,000 mark: there were 68 this October versus 55 in Octob...

Big Bear Real Estate: Summer Update on Prices and Sales

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Hello from Big Bear!  Wow, hard to believe summer has already come and gone. Hope you all enjoyed the season. Summer in Big Bear is hard to beat. Winter is still by far the busiest season for tourism with lots of folks coming up to enjoy our two fantastic ski resorts. There is certainly lots of fun and excitement to be had in the snow. But summer in Big Bear, with abundant sunny days, mild temperatures, our big public lake and miles of forest to explore, is tons-of-fun as well. Let’s get cau...

Big Bear Real Estate Blog: Sales and Price Trends

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April showers bring May flowers and so far this May, more showers. On this rainy day in May, let’s get caught up on what has been happening year to date in the Big Bear Real Estate market. (Aside - The big news in Big Bear right now is that Highway 330, a.k.a. the ‘front road’ to Big Bear, is set to re-open way ahead of schedule. They have been letting mid-week commuter traffic through, one way only and only at specified hours, for some time now. But the road is set to open for regular use f...

Big Bear Real Estate Blog: Lake Fills as Market Thaws

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The big news here in Big Bear, as we switch gears into Spring, is that the lake is literally as full as it can be.  In my 11 years here as a local, I have never seen it quite as full and, in fact, they have been letting water out in order to keep it from overflowing at the dam. As we approach the back side of April, the weather is hinting at the warmer months to come and the  Big Bear Real Estate market is thawing out nicely.  Although tax time always seems to slow down the market just a bit...

Big Bear Real Estate Blog: Cash is King in Big Bear

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Hello all! March, the month when winter finally turns to spring, is here at last. Although two recent storms have left lots of new snow on the ground, so there is still plenty of winter fun left to be had. Let’s take a look at how the Big Bear Real Estate market is holding up. Currently, we have 650 active residential listings on our MLS. I expect that this will be the low for the year and inventory will begin to steadily increase as we move towards summer. By late summer, I would not be ...

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