The prices in real estate in Big Bear Lake, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Big Bear Lake has increased strongly during the last 6 months. In August, the average price per sq.feet was $274. In September this price pretty much remained the same at a value of $278 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $276 to $286 per sq.feet. The price per sq.feet has had a considerable increase of 179 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $281 to $503 during December, and January.
Based upon to the price in Big Bear Lake (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $535,474. In September This price remains at $552,673. During the following two months (October, November) the price has had an average incrementation from $544,073.5 to $578,648. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $781,565 they are 64 % more affordable than the average price for Big Bear Lake. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $465,372.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $211 / sq.feet, with an average $713 / sq.feet price in Big Bear Lake. The properties with the highest average prices have 1 bedroom. They are 293 % more expensive than the average followed by properties with 4 bedrooms with a price at $292 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $781,565 it is 63 % cheaper than the average price in Big Bear Lake. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $541,900 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $211 / sq.feet followed by "Duplex" priced at $246 / sq.feet. "House" is the most costly type of property with a $2,330 / sq.feet cost followed by "Apartment" with an average price of $258 / sq.feet.