Big Bear Luxury HomesStatewide reports are showing that Luxury Homes sales of over $1M hit a seven year high in the second quarter of this year, while home sales of over $2M hit an all-time high! Comparatively, statewide luxury home sales in the $1M plus range are up 9.1% while overall sales in California are down 7.4%.

Big Bear luxury homes have also seen increased activity so far this year. Although the number of sales of $1M plus homes are about the same as 2013, the average price of these sales is 10% higher than last year. More impressively, last year there was only one Luxury Home sale over $2M in Big Bear, whereas 2014 has already seen one closing and there are two solid pending sales in the $2M plus range, with one of these pending sales in escrow at the $3M plus price point.

With several of our busiest months for Big Bear home sales still ahead of us, and with a decent inventory of Big Bear luxury homes for sale currently, I would imagine we will see quite a few more sales in the 1M plus range and at least a few more in the 2M plus category before year's end.