May 2019 Market Update by Mike Sannes, Big Bear Real Estate - The Mike Sannes Team, July 5, 2019
Hello From Big Bear!
I hope the summer has been treating you well. The weather could not be better here in Big Bear (finally!) Here's a quick summary of what’s been happening in Big Bear real estate so far this year, as of the end of May.
There has been an impressive 6.1% increase in transactions (Jan - May 2019 vs same period of 2018). Low interest rates are strengthening demand and should continue to do so for at least the remainder of this year. (April, typically a slow month for sales here in Big Bear, saw a whopping 46% increase in transactions: 74 in 2018 vs 108 in 2019.) ...continue reading →
January 2019 Market Update by Mike Sannes, Big Bear Real Estate - The Mike Sannes Team, February 6, 2019
Hello from snowy Big Bear! Thanks for checking in with us regarding Big Bear real estate. Let’s dive right in and get caught up on what has been happening in Big Bear real estate market.
Looking at January of 2019
2019 started on a positive note: The month of January saw an overall increase of 1.2% in average price ($320,888 in 2019 vs. $317,206 in 2018) However, as the chart to the right illustrates, results by area varied: Big Bear City saw an 11.8% increase in residential sales price; whereas, the average price in Moonridge declined 16.8%. We will keep an eye on this going forward, but, with fewer homes selling in the winter, one month certainly does not make a trend. ...continue reading →