Big Bear Lake Homes For Sale               Melissa McCue              (909) 855-4898
  • Home
  • What's Your Home Worth
  • Get to know Big Bear
    • Big Bear Neighborhood Map
    • Public Lake Access
  • Big Bear Schools
  • Links
  • Pinterest
  • Blog
  • Contact
  • What's Your Home Worth

Increase in Home Sales

2/4/2013

0 Comments

 
By Melissa McCue

The celebration of the New Year in many ways symbolizes hope and change, and this year we have some numbers that can give homeowners in the Big Bear area a real basis for that hope. The 2012 sales volume for single family residential (SFR) units came in at an increase of 28.6% over 2011. This is far above the California Association of Realtors projected statewide average increase of 5.1%.

The increase in sales volume is a positive sign, but to give an indication of real market change it should be accompanied by an increase in price, and for the first time in 5 years, it is! The median SFR price  for 2012 came in at an increase of  3.63% over 2011.

If I were a gambler, I would bet good money that the number of units sold and the increase in prices would have both risen even more if our inventory had not been so low. Since mid-year 2012 it has steadily declined from around 500 homes to around 350 homes.   
Picture
At the current rate of sales that is only a 4 month supply of homes on the market. In the real estate industry, a more healthy number is generally around a 6 month supply.There are many buyers out there that are eager to take advantage of near record low interest rates that are hovering around 3.5%, but we need more inventory!

What does all this mean to you? If you’ve been thinking of selling your home but have been waiting for signs of a healthier real estate market…..the signs are here! Contact Melissa McCue at (909) 855-4898.
Picture
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Melissa McCue

    Archives

    February 2015
    December 2013
    November 2013
    September 2013
    August 2013
    May 2013
    April 2013
    March 2013
    February 2013

    Categories

    All
    Big Bear Average Days On Market
    Big Bear Average Sales Price
    Big Bear Boating
    Big Bear Fishing
    Big Bear Foreclosures & Short Sales
    Big Bear Fun Stuff
    Big Bear Hiking
    Big Bear Median Days On Market
    Big Bear Number Of Homes Listed
    Big Bear Number Of Homes Sold
    Big Bear Real Estate News
    Big Bear Real Estate Prices
    Big Bear Skiing & Snowboarding
    Mortgage Interest Rate
    National Real Estate News
    Southern California Real Estate News

    RSS Feed

Melissa McCue - Sotheby's Big Bear Real Estate
PO BOX 3823, Big Bear Lake, CA 92315
Phone: (909) 855-4898
SMS/TXT: (909) 855-4898
Fax: (978)752-1516
Email: Melissa@HomesBigBear.com