Big Bear - Aspen Ski CoJust a couple years after Mammoth Mountain purchased Big Bear's two local resorts, Bear Mountain and Snow summit, the mountains will likely be under new ownership by next winter as Aspen Ski Co. - KSL Capital Partners are in the process of buying Mammoth Mountain and it's other associated ski resorts.

Having seen a significant bump in visitorship after our local resorts were purchased by Mammoth in 2015, there is a local sense of optimism that the positive impact on Big Bear's economy will continue and improve as the new ownership has significantly more working capital than previous ownership had. This may finally bring the long awaited expansion and  improvements to our local resorts that many locals have been waiting for.

The impact of this purchase is likely to be a positive one for our local Big Bear real estate market. Like most big news of this nature, expectations of immediate price increases will almost certainly be exaggerated. But longer term, it is likely we will see home prices increase more than they would have otherwise assuming the purchase is completed this fall as expected.

How much will Big Bear homes prices increase? No one knows. But having been a resident of the valley for over 25 years, with the exception of the "fake", artificially-inflated conditions in the early 2000s, I can't remember the Big Bear real estate market being in a better position than it is right now.