Originally Posted At http://bigbearizzy.typepad.com/

It seems like a great deal of potential buyers I have been dealing with lately have been interested in homes $300,000 and under. With the decrease we have seen in prices over the last year and a half, there are more properties than ever that fall under this umbrella. I was curious as to how homes in this price range are fairing, so I ran the numbers.

-At the current time,there are 1113 homes listed for sale on The Big Bear MLS. Of those, 506 are listed at $300,000 and under.

-At the current time, there are 108 properties listed as Pending on The Big Bear MLS. Of those, 58 are listed at $300,000 and under.

-Over the last year, there have been 694 residential properties sold in Big Bear. Of those, 342 were listed at $300,000 and under.

As you can see, homes priced at $300,000 and under are accounting for close to 50% of all sales in the Big Bear Valley. From this data, I can deduce that I am not alone in dealing a great deal in this price range. With the large amount of inventory under $300,000, there is quite a bit to choose from at the current time. It just goes to show, things are very affordable in Big Bear right now.