As yet another summer approaches, we are now seeing our annual rise in the number of Big Bear homes for sale. Every spring brings more listings as the busy summer season approaches.
You can see from the figure above that the uptick in home listings that we are now seeing is typical for this time of year and that the Big Bear real estate market tends to work on a somewhat predictable annual cycle. Since the bottom of the market in 2011, you can see how the inventory of Big Bear homes for sale has decreased and settled into a much more stable yearly cycle.
We will likely see the number of listings rise into July and August when an increased number of home sales will cause inventory to once again drop.
For buyers, I feel there is a buying "sweet spot" at this time of year when more listings flood the market yet the busy buying season is still a month or two away. Once summer is upon us, we will see far more prospective buyers in the market which makes purchasing more competitive. Because of this, not only will sellers likely concede less in negotiations, but multiple offer scenarios are more likely to occur.
So if you've been looking to buy a Big Bear home but have been frustrated at the lack of inventory, now is the time of year to keep a keen eye out and be ready to move fast when that home you've been looking for finally hits the market!