There are 37 lakefront homes available currently. These lakefront homes are priced between $500,000 and $3,100,000. With 17 sold in all of 2008, that is a 2 year supply. Of these 35 active listings, 2 are bank owned (.57%), and 1 is a short sale. I should mention that there is another short sale that is not listed in the local Big Bear MLS (like fishing with no bait). I predict that the 2009 summer season will be a good year for unit sales on lakefront homes in Big Bear since the lake level will be high, and because of market conditions many buyers will think that lakefront homes are selling at huge discounts. They are not. While lakefront home pricing has dropped approximately 15 – 20%over the past 3 years, the drop is much less than the overall Big Bear market. If you are in the market for a lakefront home in Big Bear, it is not a bad time to start looking.
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