Big Bear Lake 1st Qtr Real Estate Statistics

Property type: Market Conditions · City/Town:

Listing price:

March  2009  Big  Bear Real Estate Market on the rise…

As shown by the Big Bear Real Estate Board and the Big Bear MLS,  Big Bear Lake 1st quarter real estate statistics are in and for the 1st quarter this year sales have increased 35.8% over the same period  last year.

Coincidentally the number of active listings have decreased 6.5% over last year as this supports the strong demand for Big Bear properties.  In addition the number of  active  listings has fallen about 8% in the last year (from approximately 1614  to 1485 active listings this March 2009).

Looking into one area of Big Bear Lake, for example Big Bear Lake West, the average length of time to sell a listing has dropped from 127 days in the 1st quarter last year to 35 days this quater.

So Big Bear investors if you are thinking of buy into the  Big Bear real estate market this is the time…unless you would like to wait and spend more later.

Remember…you only know when it is reported that you have reached the bottom of the  market… 6-9 months later after the bottom has past… check out my next Big Bear blog later this week…

Danny Dominguez

Boulder Bay Real Estate