There are a few different ways to answer this question. Looking at the average sales price or the median sales price are a couple of the most popular ways to do so. One way that I thought would be interesting is to look at direct comparison of some Big Bear properties that have sold the past few years. I pulled data on some properties that sold within the past few years and have subsequently resold, and then compared the sales price data. It is interesting to see how the home prices have fared in Big Bear the … [Read more...]
2007 Big Bear Real Estate Market – Slowest Year For Sales In The Last 20 Years
December 21, 2007 by 3 Comments
The number of properties sold in Big Bear in 2007 will end up being the lowest amount in more that 20 years. We still have about 10 days left to go but I think it is safe to come out and claim this at this point. The previous low was in 1993 when we had 1,390 sales. As of December 1, 2007 there were 961 total sales in the Big Bear Lake area. I am expecting the final number for 2007 to be close to 1,050 total sales, off by nearly 24% from the 1993 number. Keep in mind that these numbers include all real estate … [Read more...]
