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 July, the average price per sq.feet was $633. In the following month the price per sq.feet decreased considerably to $374. The price for the following two months in (September, October) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 78 % 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 $415.25 to $322.5 during November, and December.
Based upon to the price in Big Bear Lake (cities), this has fallen considerably in the last 6 months. In our first sample month during July, the average price is $782,055. In August This price remains at $791,490. During the following two months (September, October) the average price fell 86 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $731,858.5 to $572,393.5, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $560,691 they are 55 % more affordable than the average price for Big Bear Lake. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $505,660.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $316 / sq.feet, with an average $329 / sq.feet price in Big Bear Lake. The properties with the highest average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 4 bedrooms with a price at $341 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $560,691 it is 29 % 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 $535,963 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $235 / sq.feet followed by "Apartment" priced at $247 / sq.feet. "House" is the most costly type of property with a $358 / sq.feet cost followed by "Condo" with an average price of $277 / sq.feet.