October Big Bear Market Update

Real Estate

Well here we are at the end of October and Big Bear Lake is in full fall mode! It is so beautiful and if you blink all of the gorgeous colored fall leaves will have fallen to the ground. Winter is fast approaching! The mornings are cold, the days are chilly, and real estate is great! For any buyers, now is the time! Plenty of inventory has come on the market and there is another interest rate increase expected on December 19th. There will be 3 more in 2019 I am told! So seriously, jump off the fence now and lets find you the perfect place! I am ready to get to work! 1% increase in interest rate is like a 10% loss in purchase power. Meaning, if you are looking at $300k homes right now, and you wait for a full percent increase, you will only be able to then afford a $270k home! Yikes! Lots of creative financing right now so let me know if you would like to speak with my preferred lender. Let's get you pre approved so your offer will be strong!

Please view my October Big Bear Market Update below. This will give you insight to the activity in the local Big Bear real estate market. And please check out my website to view homes in Big Bear directly from the Big Bear MLS. It will always be current, accurate info for you. 

If you or anyone you know is looking to buy or sell a home, please give me a call! Even if it's not in Big Bear, I can refer you to the top agents in any area of California, or anywhere in the Nation! My referral network is top notch! 

Call me for all things real estate! (909) 261-2486 Direct 

Have a fun and safe Halloween!

fall pic 

Please follow me on my Facebook page. www.facebook.com/BigBearResortLivingHollyGardner/

 

  October Big Bear Market Update
The Big Bear MLS is currently showing 521 single family residential homes for sale in Big Bear. There is 1 short sale and no foreclosures for sale in Big Bear right now. There have been 635 sales in the past 6 months. 119 of those sales were in the past 30 days. 136 homes are currently in escrow. The average days on market for sold homes in the past 30 days in all of Big Bear was 90 days (call me for details on specific neighborhoods). Our average list price on homes sold in the past 30 days was $339,271 (up significantly from the last month) with an average sales price of $326,081. Sellers are accepting on average about 3.8% less than asking. Homes in the lower price range are hot right right now. In fact, of those 119 homes that sold in the last 30 days, only 17 of them were above $500k! And only 1 of those was over a million. That's crazy! Listing prices range from $124,500 to $3,299,000! Interest rates are increasing slowly and are expected to be at 6% by the end of 2019. If you are buying, now is the time! Don't wait until you have a higher interest rate! This could drastically increase your monthly payment!  

Please let me know if you would like a list of homes that meet your specific buying criteria or comps for selling your home. I would love to help and am here when you need me!
To review the Big Bear MLS yourself, please visit:
www.BigBearResortLiving.com