We have 96 homes in escrow currently and in the past 30 days ( 1/25/2008 - 2/25/2008)  we  had 33 escrows close in Big Bear. The breakdown for each area is:

AREA              #OF SALES   # OF ESCROWS    AVERAGE PRICE    DAYS ON THE MARKET      PRICE DIFFERENTIAL

Sugarloaf                     8                 19                    $166,188                    109                                    93.94%

Moonridge                    3                 16                    $528,667                      51                                    91.87%

Fox Farm                      5                  9                     $748,000                    171                                    86.56%

Big Bear City                9                19                     $245,722                    137                                    95.95%

Big Bear Lake              8                14                      $532,738                    150                                    97.43%

Baldwin Lake               0                   4                        0                                    0                                         0

Erwin Lake                    0                12                        0                                    0                                         0

Fawnskin                       0                 2                         0                                    0                                         0

Lake Williams              0                 0                          0                                     0                                         0

Whispering Forest      0                  1                          0                                    0                                           0

Total                             33               96                       $397,845                      131                                    93.76%

Baldwin Lake, Erwin Lake, Fawnskin, Lake Williams and Whispering Forest had no escrow closings during this time. As you can see the homes that have sold recently in the Big Bear Real Estate market closed at an average of 6.24% off of list price. The price differential is a number that buyers in this market should be aware of when placing an offer on a home in Big Bear. If you have been out looking at property with your Real Estate agent and you find the home that looks like the very best value, it probably is. You won't be very successful offering 25 -30% below list price if the home is already the best value on the market.  

Real Estate is local and I work with buyers and sellers in the Big Bear area. Give me a call to set an appointment to get out and see what your dollars will buy in the mountains. 

Steve Hirschler

Associate, The Tim Wood Group

Coldwell Banker Mountain Gallery

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

steve@bigbeargallery.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

http://www.stevesellsbigbear.com/