Market Conditions

Been a busy summer...for sellers placing their homes on the market.  Most of the sellers I've been talking to were waiting for the summertime to list and looks like that's what all the other sellers were thinking about too.

We have seen quite a surge in inventory since the beginning of June.  Mid may we were hovering on the 450 listings and to date we have 688 active listings.

Here's the rundown on locations:
Baldwin 16
Big Bear City 157
Big Bear Lake 159
Erwin Lake 51
Fawnskin 29
Fox Farm 35
Lake Williams 3
Moonridge 126
Sugarloaf 92
Whispering Forest 15

Breakdown in price as follows
< $100k- 22
$100-$200k - 217
$200-$300k -149
$300-$400k -95
$400-$500k -58
$500-$600k -35
$600-$700k -25
$700-$800k -20
$800-$900k -24
>$900k- 49

We've made the move to a buyers market and with the summer season that just started we've started to realize the buyer surge. 

Award for most appreciated neighborhood goes to Sugarloaf, stats below:

01/2013-06/2013-$115.26/sf
07/2013-12/2013-$134.18/sf01/2014-06/2014- $154.07/sf