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Lakefront Property Sold in Big Bear Lake for 2011

by admin on January 23, 2012
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I put together a quick “google map” of all the lakefront properties in Big Bear that sold in 2011.

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CLICK HERE to view a larger interactive map of all the Lakefront Homes that Sold in 2011.

There was 1 bank owned sale last year, 2 short sales, and 13 traditional type lakefront sales in Big Bear in 2011….so even though we’re in a distressed market, we’re not seeing a ton of REO’s.

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Some More Statistics Regarding Lakefront Sales in 2011:

 7 out of the 16 lakefront homes sold in 2011 sold for less than they were previously purchased for.

Avg List Price for a Lakefront Home in Big Bear in 2011: $1,101,768

Avg Sales Price for a Lakefront Home in Big Bear in 2011: $1,033,870

Avg List Price to Sales Price Ratio for a Lakefront Home in Big Bear in 2011: 94%

Avg Sold Price per Square Foot for a Lakefront Home in Big Bear in 2011: $375.25 

Avg Days on Market for a Lakefront Home that Sold in Big Bear in 2011: 166 Days

50% of all Lakefront Sales in Big Bear were cash sales (8 out of 16).  This is slightly higher than the average for the entire Big Bear Valley in 2011 (37%).

lakefrontMost of the value in lakefront property is in the land.  Location, views, lake frontage, and how deep the water level is helps determine land value.  So if you’re looking at a property over in a shallow water area, with a view of a Marina, it will command a lower value than a property near the point on Round Drive overlooking the center of Big Bear Lake with deep water.

Click here to view what’s currently for sale in terms of lakefronts in Big Bear.  If you have any questions or if I can help you with your lakefront home search in any way feel free to call/email me.

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