Viewing posts from: November 2000
Big Bear Real Estate is Hot, Hot, Hot!
- posted in Big Bear Real Estate
We’ve had a major increase in sales for the first quarter of this year. We are up in sales by 65% and the Ridgeview Project that we handle has been selling like hotcakes. We have 37 homes left to sell out of the 58 and 6 phases left. We are sold out on Phases, 1,2,3,4 & 5! Phase 6 just opened, and we have 5 homes left in that phase. We’re getting ready to open Phase 7, and we already have interest on that phase.
Cabins, log homes, mountain homes from all sizes are selling. As a matter of fact, our inventory is low averaging only 525 active listings. To put that in perspective, last year we had almost 700 active listings at this same time. We have qualified buyers and multiple offers are beginning to happen. The great news, our prices are holding steady, with no significant increase in values. That would get us in trouble again, and we are holding steady with the average of 20% increase for the past 3 years that we’ve already had.
Mammoth Mountain closed on the sale of Snow Summit and Bear Mountain about 60 days ago, and we are happy they purchased the ski resorts. Some small changes happening, however, we can expect good things coming from the owners of Mammoth Mountain.
Interest rates are low, averaging 4% for a 30 year fixed, and no points. We have lenders if you need one! If you’re thinking of buying or selling, this is the year. Who knows what the future my hold, so when it comes to real estate, now is the time to buy or sell.
If you’re ready to do that, please contact us today. We are Big Bear’s Top Team. With us, we don’t “Jump around”, we stay grounded focusing on professionalism, knowledge and you! We are the Big Bear Real Estate experts, contact us today and please enjoy our website.
Bob Angilella
