R E A L E S TAT E
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bear property
“Lets go to Big Bear!” has been a familiar
phrase for several decades for people living in Southern California. There are many
activities inviting people to Big Bear; the
four seasons, incredible snow skiing, fishing and boating opportunities on Big Bear
Lake, rugged hiking and mountain biking
trails in the surrounding National Forest,
training opportunities at altitude for world
class athletes, and the opportunity to retire
close to family and young grandchildren.
For many people, owning a cabin or home
has become both a part of their lifestyle
and a financial asset in their portfolio.
The overall health of the real estate market
in Big Bear is excellent! Big Bear has yet
to experience a return to the peak prices
and number of sales during the last boom.
However, there are signs that assure the
extended real estate downturn is a thing of
the past. For example, there is a balance
of supply and demand. Available inventory is currently 15% lower than it was this
time last year. The closed residential sales
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are up 17% over last year at this time,
and the number of residential properties
under contract is up 29% compared with
last year. Price appreciation has been
moderate and steady. The Big Bear MLS
statistics are very clear. Other noteworthy anecdotes are; new construction is
providing a steady supply of new homes
while many exis [