The development of North Shore East (also known as Bear Loop) is situated on the northeast end of the Big Bear Lake, in Big Bear Lake, CA (see map here).  Developed in 1993, there were a total of 53 vacant lots ranging from 6,300 to 27,230 square feet.  The roads are paved and maintained and all of the utilities are underground (sewer, water, electric, natural gas, phone, and cable).  Roughly 75% of the lots have been built out with custom homes ranging from 1,700 to 5,400 square feet. 

There was only one sale in North Shore East-Bear Loop in 2007.  See below. 

42589 Bear Loop was listed at $599,900.  It covered 2,088 square feet with 3 bedrooms and 3 1/2 baths.  Built in 2003, the kitchen had granite/marble, maple cabinets and a stainless steel appliances.  It took 288 days to sell, but it closed on May 7, 2007 for $572,500. 

The surprising statistic is 3 homes have already gone into escrow in 2008!  With all of the negative media attention regarding the real estate market, two went under contract last week and one is scheduled to close in another couple weeks.  This is excellent news for the neighborhood and might be an indication that the market is not only picking up here, but throughout the Big Bear area. 

For more information regarding this neighborhood, or if you would like to search for other properties listed in the Big Bear Association of Realtors MLS click here.