One question that seems to come up often from people who visit the Big Bear area is, "How far down is the lake level?" The typical answer from me has always been more of a range, rather than a specific amount. The Big Bear Municipal Water District, also called BBMWD, has been keeping records of the levels on Big Bear Lake for some time now. Their website has the lake level history going back to 1985. Big Bear MWD takes weekly measurements and posts the results to their website here. Historical lake levels … [Read more...]
Big Bear Lake Levels – Where To Find It & How It Is Relates To Property Values In Big Bear
February 22, 2008 by 1 Comment
Absorption Rates For Big Bear Real Estate – February 2008
February 21, 2008 by Leave a Comment
The average time it will take for the Big Bear real estate market to absorb the number of homes for sale continues to remain longer than 2 years. What does the absorption rate mean? In simple terms, the absorption rate is the amount of time it will take for a specified set amount of properties to be absorbed based on current real estate market conditions. Taking the 1052 homes currently available on the market for sale in Big Bear, divided by the 29 homes for that sold in January, gives the Big Bear real estate … [Read more...]
Monday Market Update
February 18, 2008 by 1 Comment
Below is an update for the Big Bear Real Estate Market. While activity seemed to be picking up recently, the number of pending properties has actually been holding steady for the past few months. The listing inventory has continually declined over the same time frame, which is very typical for our market. We will probably bottom out in the next couple months and then shoot back up to the 1500 mark for residential properties around July or so. Again, this is typical for the Big Bear market. Be sure to check back … [Read more...]
Ouch! Big Bear Home Sales Are Hurting
February 17, 2008 by Leave a Comment
Based on the January home sales report below, I don't know who is hurting more right now, the real estate agents in Big Bear or the home sellers. With only 29 home sales closed in the Big Bear Lake area during January 2008, times are tough for both I would imagine. The news great for buyers as there are some motivated sellers, lots of properties to choose from (approx. 1094 as of Jan .31), lower prices & lower interest rates. January home sales were down 47% in Big Bear compared to the previous month (55) and … [Read more...]
High Timber Ranch – Moonridge – Home Sales For 2007
February 11, 2008 by Leave a Comment
The High Timber Ranch area of Moonridge has been around since 1999. The first phase contained 67 parcels. The second phase, which came up for sale in 2001, had 47 lots. There is potential for another 200 parcels to be developed within the next 2-5 years, depending on the real estate market conditions. The area has underground utilities along with protective CC&R's. Even though most of the properties are over 1/2 acre of land, horses are not allowed in the High Timber Ranch area. Currently, there is no … [Read more...]
The Big Bear MLS: Is Your Real Estate Agent A Member? 2 Critical Reasons Why They Should Be
February 9, 2008 by Leave a Comment
The MLS (Multiple Listing Service) is without a doubt the single most important tool that real estate agents use to do their job. In short, the MLS is a private database in which real estate brokers can add properties for sale & offer compensation to other brokers who belong to the MLS (often called a cooperating broker). Cooperating brokers use this database as a resource to help potential buyers and other sellers. The Big Bear MLS is very unique in that it is a "member only" MLS with no reciprocal … [Read more...]
Meadowbrook Estates Home Sales For 2007 In Big Bear
February 1, 2008 by 4 Comments
Below are the home sales statistics for 2007 in Meadowbrook Estates. The last sale was in August so things have definitely been quiet in the area since then. Currently, there are 13 homes for sale in the Meadowbrook Estates area, ranging in price from $750,000 to $1,695,000. The sizes range for about 2,000 sqft. to 4,500 sqft. This is the perfect area for buyers looking for space and privacy with all the amenities. All of the properties in Meadowbrook Estates are a minimum of one acre of land, most of … [Read more...]
Castle Glen Home Sales For 2007 In Big Bear Lake
January 30, 2008 by Leave a Comment
Below is a list of the 15 homes that sold in the Castle Glen neighborhood as per the Big Bear MLS. The number of sales were down as compared to 2006 but it was still good sales activity. Things have already started off for the better this year in the Castle Glen area as we have had one sale at $1,900,000, one in escrow that was listed for $2,200,000, and several motivated buyers looking in the area. I am an expert in the Castle Glen real estate market so feel free to contact me with any questions. … [Read more...]
Big Bear Lakefront Sales For 2007
January 28, 2008 by
There were a total of 20 lakefront sales in the Big Bear area according the to the Big Bear MLS. While the sales numbers are down from the previous years, lakefronts properties are still selling. Give me a call or drop me a line if you have any questions on these or other properties in the Big Bear Lake area. … [Read more...]
