Big Bear Real Estate Monday Market Update For 3/17/2008

Below is the update for the Big Bear real estate market as of 3/17/2008.

The residential properties listed for sale in Big Bear are up 17 from 1064 homes for sale to 1081. The number of homes in escrow is down 7 from last week to 92 while home sales year to date are now at 82 Big Bear homes sold since the beginning of the year, up 13 from last week.

Vacant land listings in Big Bear were up 14 to 339 now for sale in the Big Bear Valley. The number of pending sales is down 3 from last week for a total of 25 escrows for vacant land. There were 4 new closed sales so year to date sales for vacant land are now at 12 closed sales.

Selling a condo in the Big Bear area continues to be very tough. There are 64 condos for sale, 1 less that last week.  There was 1 new pending escrow and one new closed sale, bringing the total to 2 closed sales this year with 1 pending sale.

The rest of the real estate market in Big Bear, including government leases, & commercial and residential investments remained relatively the same as last week.

Busniess opporunities in the area saw one new closed sale to bring the total up to 3 closed sales in 2008.  There is currently one pending sale in escrow.

See last week’s real estate market numbers.

Be sure to check back here every Monday for your Big Bear Market Update or click here to get this emailed to you every week.

* Information updated weekly, courtesy of the Big Bear MLS. This update includes MLS data from areas including Big Bear Lake, Big Bear City, Moonridge, Fox Farm, Sugarloaf, Erwin Lake, Fawnskin & Baldwin Lake. It does not include data from areas in the Big Bear MLS that are located outside of the Big Bear area.