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Big Bear Real Estate Monday Market Update For 4/7/2008

Below is an update for the Big Bear real estate market as of 4/7/2008.

The residential properties listed for sale in Big Bear are up 11 from 1078 homes for sale to 1089 total.

The number of houses in escrow are up 16 from last week to 107 while sales year to date now stand at 114 Big Bear homes sold since the beginning of the year, up 7 from last week.

Vacant land listings in Big Bear are up by 3 to 340 parcels now for sale. The number of pending sales are up 2 from last week for a total of 28 escrows for vacant land. There were no new closed sales so year to date sales for vacant land still stand at 16 closed sales, which is still very slow as compared to the 114 houses sold.

The number of condos for sale in Big Bear was up 2 for a total of 64 while the number of pending sales was down 1.  The number of condos sold in Big Bear remained the same at 2 closed sales.  Only 2 sales so far this year for condos…..ouch.  Selling a condo on Big Bear still remains a difficult task.

Property Type Listings for Sale Pending Sales Sales Year to Date
RESIDENTIAL 1089 107 114
VACANT LAND 340 28 16
CONDOS 64 2 2

The Government Lease properties in Big Bear have remained the same for the past two months. There are still 4 for sale, 1 pending sale, and 1 closed sale this year for the these types of cabins.

The number of commercial & residential investment opportunities on the market this week remained the same.  There is 1 less pending sale, though sales for the year are up 1 to 6 total for the year.

Business opportunity listings are up 4 from last week to 16 for sale while sales and pending escrows remained the same.

See last week’s Big Bear real estate market numbers.

Be sure to check back here every Monday for your Big Bear Market Update or click here to get this emailed to you every week.

* Information updated weekly, courtesy of the Big Bear MLS. This update includes MLS data from areas including Big Bear Lake, Big Bear City, Moonridge, Fox Farm, Sugarloaf, Erwin Lake, Fawnskin & Baldwin Lake. It does not include data from areas in the Big Bear MLS that are located outside of the Big Bear area.

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