C.A.R. closely monitors and analyzes trends in the residential real estate industry. The table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability...
Single family residential sales finished out in 2014 at 866 total units. This is the least number of units closed in the past 10 years, and 26.98% fewer units than 2013. The 10 year average is 1615 units and in 2014 units closed were 45% less than the average....
Typically in real estate, the word “delayed” doesn’t prompt a smile but in this case, it does! According to the Single Family Housing Guaranteed Loan Program which was supposed to implement the new rural eligibility maps, those communities that would have been deemed...
These are the statistics (and my opinions) of the year to date sales of single family residential homes in Big Bear area. Units sold 2014 vs 2013 <23%> (indicates sellers reaching on list price using active listings as comps, and pent up demand from sellers that...
Current active residential inventory 710 7.88 months supply based upon 90 closed sales in the past 30 days. 114 pending (in escrow) and 36 back up status = 150 71 days average on the market for the 90 homes sold. 94% price differential list price / sold price $195 per...
Units sold are down from 92 in 2013 to 76 in 2014 = <17% decrease> Average price sold valley wide increased from $233,388 in 2013 to $255,451 in 2014 = 9.45% increase. Average price per foot sold went from $152 to $181 = 19% increase in sold price per...
60 Units sold in March 2014 vs. 95 in March 2013, a decrease of 36.8% in units. YTD units sold through 3/31. 2014 / 208 vs. 2013 / 253, a decrease of 17.8% units. YTD average days on the market 2014 / 108 days vs 2013 / 113 days, no significant change. Inventory...
