Property prices for sale in Big Bear Lake (California)
The prices in real estate in Big Bear Lake, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Big Bear Lake has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $815. In the following month the price per sq.feet decreased considerably to $452. The price for the following two months in (December, January) had a considerable decrease of 70 with regard to the prior two months. The price per sq.feet has decreased 86 % 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 $537.25 to $464 during February, and March.
Based upon to the price in Big Bear Lake (cities), this has gone downing the last 6 months. The average price for October is $873,888. During November the price had a slight fall till $760,675. In the following two months the average price has remained the same with regard to the previous two months from $817,281.5 to $791,370. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $910,222 they are 53 % more affordable than the average price for Big Bear Lake. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $731,431.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $424 / sq.feet, with an average $480 / sq.feet price in Big Bear Lake. The properties with the highest average prices have 1 bedroom. They are 52 % more expensive than the average followed by properties with 2 bedrooms with a price at $519 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $910,222 it is 55 % cheaper than the average price in Big Bear Lake. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $927,543 it is 364 % 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 $463 / sq.feet followed by "House" priced at $482 / sq.feet. "Land" is the most costly type of property with a $358,339 / sq.feet cost followed by "Commercial" with an average price of $547 / sq.feet.
