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13 homes have closed escrow here in Big Bear during the first 13 days. (Click here to see the details) 

The price differential of 94.5% is a good indication of what you might expect to pay when you find a home that stands out as a good value. Most homes in the Big Bear area have sold within 8% of list price this entire year. The homes that are over priced just don’t get looked at and don’t sell.

The current residential inventory is now at 708, the lowest level in the past 3 1/2 years. 

Last month we had 92 homes close escrow which gives us a  7.7 months supply at this rate.

Year to date we have closed 822 homes, a 27.2% increase over last years 646 for the same period.   

While interest rates are still very good, selection is getting limited. If this trend continues, I think prices will stabilize.