Q1 Market Report - Eagle Knolls

Eagle Knolls Market Trends: $800,000 And Over Price Range

Usually I break up and area into 2 price groups. Under $800,000 and over $800,000. But in the Eagle Knolls area there aren't many listings or sales under $800,000 any more.

The Eagle Knolls area is a unique area with only 102 cabins. Because of it's size and the price range of the Cabins in that area statistically there isn't enough turn over to give us accurate information. In 2020 there was 10 sales, but in 2021 there were only 4 sales. And the first quarter of 2022 we have 0 sales. Which is not enough to give us good statistical data. Remember that these are upscale custom homes where a view or furnishings can make a big difference in price. Each Cabin has to be analyzed on it's on merit. To get an understand of the overall luxury market in Big Bear read, Total Big Bear Valley Luxury Market Trends: $800,000 And Over Price Range.

I printed the graphs below if you want to see them.  If you have a property that you feel should sell for over $800,000 contact me for a custom analysis on that property.

Expect a lot of changes in the graphs for the second quarter and the rest of the year.

My opinion is that we are going to witness a more normal market which should be a balance between the market of a few years ago and the one that we have had the past two years. In order to get to that normal market prices may come down a little. Cabins will be on the market longer. Sales will decline. But we will have sales every month and not go back to a stagnate market where we would not have sales for several months. Competition to sell and get the highest price will go back to using an experienced agent who can understand the changes that are coming in the market and has the backing of a company with a strong proven marketing background.