Inventory is low and demand is high. We currently have only 66 homes available in the Moonridge area, and we are averaging 17 closed sales per month for the past 6 months. This is less than a 4 month supply in Moonridge. If you are thinking about selling your Moonridge home, now is a good time. If you are looking to purchase a home in Moonridge, you will likely be competing with other buyers. Below are the statistics for homes sold in Moonridge over the past 6 months.
As you can see the current average price per square foot sold is $197.60. The average price per square foot for the same period last year was $169.70. This represents a 16.4% increase in price per square foot. That equates to a $50,000 price increase on a home that was $300,000 last year. With interest rates climbing and this type of price appreciation, waiting to buy your Moonridge home is going to cost you.
REALTOR®, 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
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