Big Bear homes sold year to date are up 59%. That is a good sign for the Big Bear Real Estate market. With 89 closed residential sales in 2009 compared to 56 closed during the same time in 2008 you could say the buyer’s are jumping off the fence.
As you can see, the average price is down $83,179, from $379,079 in 2008 to $295,900 in 2009. Interestingly. the highest price home sold in 2009 is $2,700,000 this year vs. $1,900,000 in 2008. The lowest price sold this year $26,000 is 1/4 of the low price in this period of 2008 $105,000.
Price differential and days on the market remain relatively stable at 95 – 100% of list price and 140 -1 45 average days on the market for homes sold.
I know you are hearing it from everyone, but it really is a good time to buy! The current trend of less inventory (904 as of today), very attractive lending rates, and increased unit sales indicate a shift in the market. Don’t miss this window of opportunity!
Associate, The Tim Wood Group
Coldwell Banker Mountain Gallery
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
909 866-3481 EXT. 217 CELL 909 725-5889
Fax 909 866-3531