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Big Bear Real Estate Update for March 2014
- posted in Uncategorized
This year’s ski season has been good, considering our snow has been minimal at best. We are still hoping for a “March Miracle” to occur, and some April showers. Our little valley could use the water indeed!
Even though precipitation has been little to none, Big Bear real estate sales have been brisk. For instance, our inventory is just under 400 Active listings, with sales averaging 50 solds for the month of February. That represents 12% of the active listings market, with 99 pending homes (in escrow) which traditionally close with-in 45 days. Our prices are holding steady, and we average 5 new listings per day into our MLS system which allows the buyers new inventory if they can’t locate that perfect home with-in the existing inventory. Most savoy agents, like us, will put our clients on a “flash program” to keep them up to date with all new listings. That way, they will be informed instantly when a new listing that meets their criteria loads on the Big Bear MLS.
Buyers may want to keep in mind that our Big Bear MLS System is private, and if you have a down the hill Realtor, they will not have access to our Big Bear MLS system. Therefore, you will not have the entire inventory so I urge you to call us; we are the inventory and area experts! Your Realtor would agree that they do not know the area as we do, and urge you to contact a Realtor here in Big Bear.
In summary, if you are looking to buy an investment home, big bear cabin, big bear lakefront or log home, now would be the time to do it! Prices are good, interest rates are still low (averaging 4.75%, 30 years, fixed) and the weather is beautiful.
We hope to see you soon, and please remember, we are here 7 days a week to serve all your Big Bear real Estate needs. Until next time, hope to see you here in Big Bear lake.
Yours truly,
Bob Angilella
Big Bear’s Top Realtor & team
