Fawnskin Area Market Trends

Every three months, I will post detailed quarterly market trend tables made from three year graphs, for the Total Big Bear Area and 10 Sub Areas. Using the tables and graphs I will report the trends of Market Prices, Sales vs Active Listings, and Expired Listings and summarize what they mean to the current and future Total Big Bear Area and 10 Sub Areas Real Estate Markets. This section is for the Fawnskin Area. The following analysis is a detailed but easy to understand examination of these market trends.

The following stats have 2 sections. Section 1 up to $800,000 property value and Section 2 $800,000 and up, the Luxury Market. This seems to be the most accurate price range to split the market. If you want to just get the short version of the market in the Fawnskin Area, you can read the Overall Summary of both price ranges before section 1.

Section 1 notes: the Castle Glen, Eagle Knolls and Eagle Point/Eagle Point Estates Areas are not included in section 1 stats due to the fact that there aren’t any sales under $800,000 in these areas.

Section 2 notes: the possibility of wide swings in monthly and quarterly market prices in the $800,000 and up Luxury Market.

Up To $800,000 Overall Summary

Market Prices in the Fawnskin Area in the second quarter of 2024 there was an decrease in Price of $18,000 (-2%) in average monthly price compared to the average monthly price for the first quarter of 2024. There was an increase in price of $54,000 (+11%) from a year ago and a decrease in price of $50,000(-10%) from 3 years ago.

Area Ranking The 2024 second quarter average monthly price of $487,000 gives the Fawnskin Area a ranking of 4th highest in price out of the 7 sub areas for this price range, for the Total Big Bear Market. We also see in this quarter the Fawnskin Area has a $39,000 (+9%) higher average monthly price compared to the Total Big Bear average monthly price of $448,000.

When you compare the Sales and Listings of the second quarter of 2024 to the first quarter of 2024. The Fawnskin Area had a average monthly increase of 4 Sales per month. while Listings increased by 5 per month. There was also a increase of 3 Sales per month and a increase of 4 listings per month compared to 1 year ago. We also had a increase of 3 sales per month and a increase of 8 listings per month compared to 3 years ago.

As far In the Fawnskin Area, the sales to expired ratios for the last two years have been at a good level with sales and expired listings at a 1:1 - 1:2 Ratio. Where a 1:1 ratio is considered a good ratio for a stable market. Now that we are staying in the 1:2 ratio like we have had for the last 6 months it is an indicator that this market has pressure to be in a declining market.

When looking at the data of the Fawnskin Area the two big areas of market influence to watch are of course interest rates and the number of listings that come on the market. We just had a 1% drop in mortgage interest rates. Which is great news. The question is will this be enough to keep sales up to a level which should keep prices from going down?

$800,000 and up Luxury Overall Summary

When looking at the data of the Fawnskin Area the two big areas of market influence to watch are of course interest rates and the number of listings that come on the market. We just had a 1% drop in mortgage interest rates. Which is great news. The question is will this be enough to bring sales back up to a normal level which should at least stop prices from going down any further?

Because of the low amount of sales in this price range in the Fawnskin Area (there was only one sale for the second quarter of 2024, but it was the highest priced sale of the quarter), there is statistically not enough turn over to give us accurate information on Market Prices, Sales (only 13 since January 2022) or Expired Listings. A better Market indicator would be the Total Big Bear Luxury Market Section 2. I posted the tables and graphs for you to look at if you want what little information is available to try and give you an idea of the Fawnskin Area. Remember that these are upscale custom homes where a view or furnishings can make a big difference in price. Each Cabin must be analyzed on it's on merit.

If you are thinking of selling a property in the Fawnskin Area in this price range contact me so I can use the Fawnskin Area information and the information from the other Big Bear Luxury Markets to give you a accurate price that your property would sell for on today’s market.

Section 1 Up To $800,000

Market Prices

Last Quarter Market Trends The 2024 average monthly price for the second quarter of $487,000 was down $18,000 from the 2024 first quarter average monthly price of $505,000.

1 Year Market Trends The 2024 average monthly price for the second quarter of $487,000 was up $54,000 from the 2023 second quarter average monthly price of $433,000.

3 Year Market Trends The 2024 average monthly price for the second quarter of $487,000 was down $50,000 from the 2022 second quarter average monthly price of $537,000.

Area Ranking The 2024 second quarter average monthly price of $487,000 gives the Fawnskin Area a ranking of 4th highest in price out of the 7 sub areas for this price range, for the Total Big Bear Market. We also see in this quarter the Fawnskin Area has a $39,000 (+9%) higher average monthly price compared to the Total Big Bear average monthly price of $448,000.

Total Big Bear Area $448,000

The sub areas ranked as follows:

Fox Farm $655,000
Moonridge Area $560,000
Big Bear Lake Area $513,000
Fawnskin Area $487,000
Lake Front Area $483,000
Snow Summit $482,000
Big Bear City Area $436,000

Price Summary These numbers shows us that compared to last quarter the economic influences of higher rates and inflation have affected prices in a negative way with prices down $18,000. When compared to 1 year ago prices are up $54,000. And when compared to 3 years ago prices are down $50,000 from the peak of prices. We just had a 1% drop in mortgage interest rates. Which is great news. The question is will this be enough to stop prices from going down any further?

If you want to know what your Fawnskin cabin is worth in this price range, contact me to get a more detailed market analysis that takes into consideration the number of Bedrooms, Bathrooms, Square Feet, Lot size, Condition, Views and location.

Sales vs Active Listings (supply and demand)

Last Quarter The second quarter of 2024 had average monthly sales of 5 per month. Which was a increase of 3 sales per month when compared to the sales of 2 per month for the first quarter of 2024. The average number of listings per month for the second quarter of 2024 was 15 which is 5 per month more when compared to the 15 average monthly listings for the first quarter of 2024.

1 Year Average The first quarter of 2024 had average monthly sales of 5 per month. Which was a increase of 3 sale per month when compared to the sales of 2 per month in the second quarter of 2023. The average number of listings per month for the second quarter of 2024 was 15 which is 4 per month more when compared to the 11 average number of listings for the second quarter of 2023.

3 Year Average The second quarter of 2024 had average monthly sales of 5 per month. Which was a increase of 3 sales per month when compared to the sales of 2 per month in the second quarter of 2023. The average number of listings per month for the second quarter of 2024 was 15 which is 8 per month more when compared to the 7 average monthly listings for the second quarter of 2022.

Sales vs Active Listings Summary These numbers show us that compared to last quarter the economic influences of higher rates and inflation have not affected sales and listings in a negative way with sales up 4 and listings up 5. And when compared to to 1 year ago sales are up 3 and listings are up 4. And when compared to 3 years ago sales are up 3 and listings are up 11. . We just had a 1% drop in mortgage interest rates. Which is great news. The question is will this be enough to keep sales at a normal level which should at least stop prices from going down any further?

Sales vs Expired Listings (strength of sales)

Sales Vs Expired Market Trends Graph 3 In the Fawnskin Area, the sales to expired ratios for the last two years have been at a good level with sales and expired listings at a 1:1 - 1:2 Ratio. Where a 1:1 ratio is considered a good ratio for a stable market. Now that we are staying in the 1:2 ratio like we have had for the last 6 months it is an indicator that this market has pressure to be in a declining market. We just had a 1% drop in mortgage interest rates. Which is great news. The question is will this be enough to bring sales back up to a normal level which should put expired listing at a 1:1 ratio?

Section 2 $800,000 And Up (Luxury Market)

Because of the low amount of sales in this price range in the Fawnskin Area, there is statistically not enough turn over to give us accurate information on Market Prices, Sales (only 12 since January 2022) or Expired Listings. A better Market indicator would be the Total Big Bear Luxury Market Section 2. I posted the tables and graphs for you to look at if you want what little information is available to try and give you an idea of the Fawnskin Area. Remember that these are upscale custom homes where a view or furnishings can make a big difference in price. Each Cabin must be analyzed on it's on merit.

If you are thinking of selling a property in the Fawnskin Area in this price range contact me so I can use the Fawnskin Area information and the information from the other Big Bear Luxury Markets to give you a accurate price that your property would sell for on today’s market.

Area Ranking The 2024 second quarter average monthly price had one sale of $2,080,000 which gives the Fawnskin Area a ranking of 1st in price out of the 10 sub areas for this price range, for the Total Big Bear Market. We also see in this quarter the Fawnskin Area has a $786,000 (+61%) higher average monthly price compared to the Total Big Bear average monthly price of $1,294,000.

Market Prices

Eagle Knolls didn’t have any sales this quarter.

Total Big Bear Area $1,294,000

The sub areas ranked as follows:

Fawnskin Area $2,080,000
Castle Glen Area $1,800,000
Lake Front Area $1,706,000
Fox Farm Area $1,401,000
Big Bear Lake Area $1,345,000
Snow Summit Area $1,080,000
Eagle Point/Estates $1,048,000
Big Bear City $952,000
Moonridge Area $941,000
Eagle Knolls $0

Remember the possibility of wide swings in monthly and quarterly market prices in the $800,000 and up Luxury Market. See the first graph below “Historic Sales Price Trend $800,000+”.

If you want to know what your Fawnskin cabin is worth in this price range, contact me to get a more detailed market analysis that takes into consideration the number of Bedrooms, Bathrooms, Square Feet, Lot size, Condition, Views and location.