Sunshine has returned here in Big Bear as the latest of this season’s many winter storms has just passed. The clouds may also be parting in the Big Bear real estate market based on what I have been seeing. Buyer interest and demand has increased in February. Last weekend was President’s Day, typically one of the busiest of the year for tourism in Big Bear. With all of this season’s snow fall, which will also make for a terrific summer on the lake, this year was no exception and even exceeded most expectations. Having an increased number of visitors enjoying our beautiful valley does not always translate into increased activity in Big Bear's real estate market. However, I cannot recall a weekend in many, many months that saw so many of our valley's real estate agents, myself included, out showing property to so many interested buyers. This hopefully is a signal of a new trend.
In fact, over the last week, the number of homes in escrow has increased over 10%. Furthermore, in the last 2 weeks, 37 homes entered escrow as compared to only 29 residential closings for the whole month of January 2008. If this trend is sustainable, it would indicate a real increase in demand..
For an up-to-the minute look, based on your specific criteria, at the latest trends in the Big Bear real estate market, check out the new Market Snapshot available on my homepage at www.realestate-bigbear.com.