Big Bear Blogs » Real Estate http://bigbearblogs.com Blogging From the Mountains of Big Bear Wed, 16 May 2012 14:00:13 +0000 en hourly 1 Big Bear Real Estate http://bigbearblogs.com/bigbearrealestate http://bigbearblogs.com/bigbearrealestate#comments Fri, 23 Jan 2009 22:25:30 +0000 admin http://bigbearblogs.com/?p=300
  Before investing in a second home in the mountains, it’s important to know the economic health of the area.   Big Bear Lake is the third smallest city in the Inland Empire (pop. 6,256). Taxable retail sales for the fiscal year 2006-2007 were $181 million, down by 3.4% from the previous year.   The [...]]]>

bigbearrealestate2

 

Before investing in a second home in the mountains, it’s important to know the economic health of the area.

 

Big Bear Lake is the third smallest city in the Inland Empire (pop. 6,256). Taxable retail sales for the fiscal year 2006-2007 were $181 million, down by 3.4% from the previous year.

 

The average assessed value of a home in Big Bear Lake was $485,807 (2007), the second highest in the Inland Empire, behind Indian Wells. Property taxes are a major source of revenue for cities and this shows Big Bear’s strength.

 

Below is a chart from AOL, breaking down the demographics of the area.

 

Demographics & Households

Median Age

42.5

Male

52%

Female

48%

Married

53%

White

89%

Black

1%

American Indian

1%

Asian/pacific Islander

1%

Hispanic

19%

Other Race

8%

Number of Households

2,647

Median Household Size

2.3

 

Housing

Owners

19%

Renters

11%

Vacancies

70%

Median Housing Age

27.0

Median Housing Value

$422,100

House Appreciation (last 12 months)

-1.9

 

Income & Employment

Median Household Income

$42,225

Income Per Capita

$25,446

Recent Job Growth (past 12 months)

-1%

Future Job Growth (next 10 years)

28%

Unemployment Rate

8%
Market Report Big Bear Realestate

Market Report Big Bear Realestate

Market Report -Big Bear Real Estate

Market Report -Big Bear Real Estate

All Properties In 92315

# of Houses for Sale:651
Median Price: $355928
Average Price: $513795

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