With summer drawing to a close, we are still seeing the Big Bear lakefront real estate market remain active. 116 Round Drive becomes the 20th waterfront home sale of the year, setting 2013 on pace to be the second busiest year for lakefront sales since 2006.
116 Round Drive, a 3 bedroom, 2 bathroom, 1410 square foot cabin on a 8260 square foot lot, listed at $850,000, went into escrow after only 8 days on market, and sold for full price after a 42 day escrow as a cash purchase. This home was in a somewhat shallow cove but in a desirable area on the lake. The home did not have a garage but did come with a boat dock. One of the features I really liked about this home was the gently sloped, northwest facing, grassy back yard. Seemed like a nice place to relax lakeside.
Selling at $603 per square foot, this home closed at well above the 2013 average sale price of $445 per square foot. In comparison, the average price per square foot for all lakefront sales in 2012 was $371. This represents an impressive 20% increase in this price measure year-to-date!
The first two-thirds of the year has certainly started off on the right foot. I am looking forward to seeing what the last third of the year brings!