These are the statistics for the 90 homes that have sold in the Moonridge area of Big Bear since June 1, 2010.
One of the more important numbers on this summary is the price differential. At 98.38%, this tells me a couple things that buyers and sellers in Moonridge should note. First, most homes sold in Moonridge during this time period sold within 2% of the list price. Sellers that list their homes with a price cushion that exceeds 10% will not see the showing activity required to produce an offer. Buyers that offer 10 – 15% below list price will often be outbid. Knowing what the market value really is will be the difficult factor for both buyers and sellers. With 142 active listings in the Moonridge area, we are now at a 9.4 month supply. There are 19 home that are in escrow currently. During this same period last year we had 117 closed transactions in Moonridge. While days on the market often is used by buyers to determine what price to offer, the more important number is days at the current price.
As a resident of the Moonridge area since 1990, I can help you select the perfect home for your family. Don’t hesitate and miss one of the best buying opportunities in years in this beautiful mountain resort community.
Market Specialist, Inventory Expert,
Big Bear Real Estate Agent
The Tim Wood Group
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