A classic case of putting the cart before the horse. It's an easy mistake to make. With so much information available online, you might just wonder why you need a Realtor. You might be thinking, I will know a good deal when I see one. You might be thinking, Real Estate people are going to try to sell me something I don't want to buy. You might even think that the only reason you need a Realtor is to give you the price of the home and let you inside to look. You will probably end up working with the agent that … [Read more...]
Recent Sales Numbers Around the Big Bear Valley Area
June 7, 2009 by Leave a Comment
We're halfway through 2009 so I figured it would be helpful to give you an update on the activity over the first two quarters of the year. I've broken down some data for the different areas of Big Bear and here's what stands out in my opinion. Big Bear Lake Sales- 19 out of 57 buyers paid cash so far this year in Big Bear Lake. This includes Lakefront Sales. 19 were Bank Owned (REO) properties. Average Days on Market was 139. Average Price per Square Foot was $241.14/ft. As of today, there are 208 homes for … [Read more...]
Moonridge Is The Location Many Buyers Prefer.
May 19, 2009 by Leave a Comment
There are many reasons buyers pick Moonridge as the location they want to own a primary or second home. Maybe it's the proximity to Bear Mountain Ski Resort, the Moonridge Zoo, the Bear Mountain Golf Course, Snow Summit, Shopping Centers, Restaurants and the National Forest. Moonridge truly has it all, it might be the abundance of tall Pinion Pines, or the mountainous terrain that let's them know they are not in the city. Many Moonridge locations have ski slope views or lake views that are not available in other … [Read more...]
Why I Love Sugarloaf
May 16, 2009 by 2 Comments
Since Big Bear is primarily a second home market, most buyers are not completely familiar with all of the different neighborhoods and their characteristics. Like any town, Big Bear's property values can vary widely from area to area. In Big Bear, as a general rule, prices become less the farther East you go away from the lake. For folks in the 300k and under range, this makes the neighborhoods of Big Bear City, Sugarloaf, and Erwin Lake areas where they can definitely get quite a bit more for their money. Because … [Read more...]
Big Bear Home Sales – March & First Quarter 2009
April 5, 2009 by Leave a Comment
Big Bear Home Sales After a big jump the first two months of 2009, home sales in Big Bear for March 2009 (54) slowed down a bit. Sales were up just 10% as compared to March 2008 (49), but were down 5% from the Feb. 2009 home sales (57). Year to date though, sales are are still up 44% from 2008 (164 vs. 113). 28, or 52%, of the 54 home sales in Big Bear were bank owned and 5, or 9%, were short sales. The 21, or 39%, other home sales in March 2009 were the organic sales. Expect the bank owned & short sale … [Read more...]
Big Bear Lakefront Sales – 2008
March 28, 2009 by Leave a Comment
I've mentioned it here before, the lakefront real estate market in Big Bear is unique. So, when you talk about real estate in Big Bear, the lakefront market is a whole different conversation, as it should be. Up until the latter part of 2008, the lakefront market remained somewhat insulated from the price drops we were seeing in the rest of the market. But, in 2008, the average price for a lakefront property dropped nearly 11% from 2007. Couple that with the average days on the market jumping from 132 to 188, … [Read more...]
Big Bear Neighborhood Overview – Meadowbrook Estates
January 3, 2009 by 1 Comment
Want space & seclusion from your next Big Bear property? Meadowbrook Estates could be the answer. This is a heavily treed acreage subdivision located on the east end of Big Bear, in between Sugarloaf & Erwin Lake. History of Meadowbrook Estates Meadowbrook Estates is comprised of a total of three phases and 154 lots. Apparently, this property was designated as National Forest at some point in time prior to initial development but I don't know how many years ago that was. The first phase came up … [Read more...]
Big Bear Neighborhood Overview – Castle Glen Estates
December 9, 2008 by Leave a Comment
The Castle Glen neighborhood is one of the most sought after locations in all of Big Bear Lake. Generally referred to as a subarea of Fox Farm, Castle Glen is known as the area "up on the hill" above Stater Bros. It also borders Hwy. 18 along the Baker Pond section of Big Bear Lake. History of Castle Glen Castle Glen, which consists of a total of 245 parcels, was first developed at the end of 1998 in the hilltop area previously referred to as 'Rebel Ridge.' Lot prices in the first phase ranged from $39,900 up to … [Read more...]
Big Bear Lakefront Properties – A Different Kind Of Animal
October 28, 2008 by 2 Comments
Lakefront properties in Big Bear are the most sought after type of property in our area. Understandably, there is something inherently desirable, albeit romantic, about have a home on the water, not too mention a vacation cabin or second home. The tough part is that there are less that 600 homes on the lake in Big Bear, and less than 5-10% of those that are typically on the market for sale. As you can imagine, this creates quit a bit of demand and thus puts lakefront properties on the top end of the pricing scale … [Read more...]
Castle Glen Sales Hitting High Numbers Early in 2008
March 15, 2008 by 1 Comment
While there are not many homes sales in the Castle Glen area to report on so far in 2008, the two that have sold are record highs for this Big Bear area. The two closed sales were both sold for $1,900,000. The previous record high was $1,775,000 back in August 2005. Also, there is currently one home for sale in the area with an original listing price of $1,799,000, scheduled to close escrow in mid-April. 383 Starlight Circle Listing Price - $2,494,876 Selling Price - $1,900,000 Sale Date - … [Read more...]
