Perhaps the most fundamental element of a healthy real estate market is the number of home sales compared to the number of homes listed. The idea is simple supply and demand. If there are very few homes for sale and many buyers trying to purchase a home, the competing buyers …

With all the talk in the media about the amazing turn-around in the national real estate market, I couldn't wait until the end of the second quarter to see how things are going in our own little specialized vacation home market here in Big Bear. So I ran the numbers …

Every price measure saw double digit improvement this April when compared to sales of Big Bear homes in April 2012.

The number of Big Bear home sales was up 29% this April to 90 closings. The average and median prices rose 30% and 34% respectively to $236,991 and $197,500. …

Looking at the Big Bear real estate sales numbers this month, any way you look at it, the market is recovering quite impressively!

When comparing this March to the previous month of February, we see that the number of Big Bear homes sold increased by 25% from 76 to …

Other than the usual dynamics of supply and demand guiding the real estate market's direction over the past few years, foreclosures have had a huge negative impact on home prices. As banks rushed to rid their books of non-performing mortgages, they often priced their homes below market value to move …

The number of Big Bear lakefront homes for sale has fallen steadily over the past year with today's home inventory offering just 15 listings on the lake. This is the fewest number of lakefront listings since I began keeping track almost a decade ago. 

With over a 50% …

In comparing January's sales in 2013 to those of January 2012, we saw continued improvement in almost every measure in the Big Bear real estate market.

The most accurate indicators of home values, the average and median price per square foot, both saw increases this January of 8% and …

What few naysayers about the housing market that are still out there always seem to point to the nebulous "Shadow Inventory" as their reasoning for future price declines. The assumption is that banks have foreclosed on a multitude of homes that they have intentionally held on to instead of liquidating …

Perhaps the best news for the real estate market in years is how the number of Big Bear homes for sale has fallen drastically over the past year. As previously posted, we have seen a steady decline in home inventory since the market hit a high of over 1400 homes …

I was speaking with an agent from Orange County the other day who asked me about how the luxury home market in Big Bear was faring. I often address lakefront homes as being in a totally separate market because these properties historically seem to move in slightly different ways than …