If you own a second home in Big Bear, you’ve probably considered jumping into the rental market. The Big Bear vacation rental market is one of the most active and lucrative markets in California. The City of Big Bear Lake currently has over 1,100 registered vacation rentals on the books and they estimate another 300 to 500 properties are operating “under the radar”. If you take into account the hundreds of vacation rental properties located outside of the city limits, the total number of rentals in the Big Bear … [Read more...]
Is The Big Bear Real Estate Market Shifting?
April 17, 2012 by Leave a Comment
That is anybody's guess but there is some encourgaing news coming out for the real estate market in Big Bear. The number of homes under contract has nearly doubled while available inventory is down about 25%. Most people are concerned with the number of closed sales every month and what direction prices are heading, but the basics of supply and demand always come first. Based on the most recent numbers, there are some reasons to be optimistic about the Big Bear real estate market. Pending Home Sales … [Read more...]
Big Bear Vacation Homes – Poised for a Comeback
April 11, 2012 by Leave a Comment
Big Bear second home sales have always driven our local real estate market. With over 25 million people living within a 2 hour drive, Big Bear is a natural choice for families looking for a vacation home or investment property. Thanks to affordable prices and unlimited recreational opportunities, the local vacation rental market is one of the hottest in California. The trend for second home purchases seems to be increasing across the country. The National Association of Realtors recently published the 2012 … [Read more...]
Home Improvements for Resale
March 8, 2012 by Leave a Comment
Even though market conditions are beyond your means to control, upgrading your property can be a simple way to increase the value of your home. Some home improvements increase your home’s value beyond the initial cost. Common Home Improvements Minor Kitchen remodel Add a Bathroom Finish the Basement/Attic Upgrade the Landscaping Roofing Replacement Deck Addition Remodeling Magazine published their annual “Cost versus Value Report.” They’ve found that adding an attic bathroom and bedroom has been in the top 10 … [Read more...]
Dip In Inventory Equals Opportunity For Big Bear Real Estate Sellers
January 19, 2012 by Leave a Comment
Direct link to - Window of opportunity for Big Bear sellers The number of homes for sale in Big Bear has been steadily dropping the past few months. Just recently, we dipped below 600 homes for sale. With that comes a window of real estate opportunity for some Big Bear home sellers. As the inventory levels drop, so does the number of available options for buyers to choose from. And when they have less options to choose from, this makes certain properties stand out, which in turn increases the odds of that … [Read more...]
Who Controls the Real Estate Prices in Big Bear?
January 7, 2012 by 4 Comments
Direct link to Big Bear Real Estate - Who Controls Real Estate Pricing? In short, the buyers. Real Estate agents like to think they have some effect on the pricing, but I believe it is determined mostly by the buyers, and to some degree, sellers. It doesn't matter how great an agent thinks they are, our how much money they spend marketing the property, if the price is too high and the buyers don't agree with it, it won't sell. No amount of skill or marketing will force a buyer to pay a significant amount … [Read more...]
Big Bear Real Estate – Sales Update Thru October
November 16, 2011 by Leave a Comment
Big Bear Real Estate Market Update The Big Bear real estate market is still moving along in a catfish-like manner. It goes up, down & side to side with no clear direction of travel. One thing's for sure, every month is different right now. Sales were up 14% in October compared to the same month last year but prices were down 9% and 14% for the median and average sales prices respectively. Below is a real estate market update for Big Bear thru October 31, 2011. Year # of Homes Sold Median Sales … [Read more...]
Five Reasons To Purchase Big Bear Real Estate
August 17, 2011 by Leave a Comment
With all the doom and gloom in today’s economic news, there’s a bright spot for home buyers in Big Bear, CA. Here are five primary reasons to contact Tyler Wood Group and start shopping for the home of your dreams. 1. There are more homes to choose from. From affordable starter homes in Big Bear City to lakefront homes on Boulder Bay and horse ranches in Erwin Lake, the variety of available properties for sale is tremendous. We can honestly say that there’s a home available in every location, property type, and … [Read more...]
Big Bear Real Estate Market Update – Thru June 2011
July 17, 2011 by 2 Comments
Big Bear Home Sales - Year to Date (1/1/2011 thru 6/30/2011) The Big Bear real estate market has slipped even further when compared to 2010, with home sales down 11% - 354 total sold in 2011 vs. 399 total sold in 2010 thru June. This drop is due in large part to a very slow sales month in June. There were 49 home sales in June, compared to 72 sales last June (32% drop), and down from 55 home sales in May. This is actually pretty surprising as sales should be going up this time of year, not down as they have been … [Read more...]
