The local Big Bear real estate market holds many potential opportunities. The correction in the market has opened up several exclusive neighborhoods to the average home buyer. Here’s a closer look at two of Big Bear’s upscale areas and why they’re great investments.
The neighborhoods that make up Eagle Point are some of the most popular in Big Bear. Homes in this area include small cabins and homes located close to Meadow Park for the entry level buyer, custom lakefront and lake view homes for upper-end property owners, and almost every property size in-between. What makes Eagle Point special is its location and potential for year-round enjoyment. Many properties are on the water or have views of Big Bear Lake. The skiers and snowboarders in your family will love the fact that Snow Summit is less than a mile away. Rentals in this part of town are very popular with tourists and enjoy some of the highest occupancy rates in town.
Castle Glen is a newer development in Big Bear that has quickly become one of our most sought after addresses. The central location is just minutes away from the lake, resorts, and shopping centers. You’ll find mostly large, custom built homes in this neighborhood spread out over a rolling hills topography that backs up to a Bald Eagle protected habitat. The Stanfield Marsh Bird Sanctuary is just steps away and the walking bridges over the water are a great place to view wildlife in a natural setting while getting a little exercise. Castle Glen is another area where the vacation rental market is thriving and upscale rental properties are one of Big Bear’s best investments.
As far as resort areas go, Big Bear is truly one of the most affordable and diverse real estate markets in California. You can find a property for every budget and lifestyle in our beautiful mountain valley. Check out the “Big Bear” section of our website for more information on the different neighborhoods and areas of the valley and be sure to contact us when you’re ready to learn more about the tremendous investment opportunities in Big Bear.
National Real Estate Market Conditions
THE ECONOMY AND THE REAL ESTATE MARKET -It is our view that the recent negative sentiments about the U.S. economy are driven by temporary, short-term events (weather, energy prices, natural disasters), rather than by fundamental issues. These events are serving to slow the rate of the recovery, but are not expected to reverse the course from recovery to a second recession.
Phoenix Real Estate: Report Shows Foreclosures Increased in … – A report on real estate market conditions in Phoenix shows that foreclosures represented 43 percent of total transactions in February. That’s a significant increase from the 30 percent of the closing months of 2010, …