Grab your fishing poles.....we've got 2 fishing tournaments this May in Big Bear Lake.

The 27th annual Jim Hall Memorial May Trout Classic is May 16 and 17th. The Fishing Association of Big Bear Lake sponsors this tournament and gives out nine cash prizes (1st place=$2025). Applications are available at Big Bear Sporting Goods, Big Bear Marina, and the Big Bear Municipal Water District. All proceeds from the Trout Classic are used to provide fish plants, artificial habitat structures, conservation projects, and monthly tournaments for designated species. Entry fee is $50 but free for children ages 5-15 when fishing with a paid entrant. For more information or to register call Jacque Hall at 909-585-4007.
"The Catch": Entries are limited to the first 425 anglers. The Big Bear Grizzly Newspaper reported that as of April 18th, The Fishing Association had received 392 entries...so hurry before it's too late!

Fishin' for $50k is back this year after a 3 year hiatus on May 30 and 31st. The Big Bear Lake Resort Association, the Municipal Water District, Big Bear Marina, Holloways Marina, Pleasure Point Marina, Pine Knot Landing, Capt. John's Marina, Berkley, PowerBait, Rapal, Luhr-Jensen and Flambeau all sponsor this event. There's a total of 10 tagged trout with various prizes. Whoever reels in the grand prize tagged trout receives $50,000! **Entry Fee is $35 for adults over the age of 16, and $20 for entrants under 16 years old. Entries are limited to the first 750 anglers. **If you book your stay between May 29th and May 31st through the Big Bear Lake Resort Association, you are eligible for free admission into the tournment. Call 800-424-4232 for more information or click here to make your reservation.
"The Catch": There's only 1 trout that is eligible for the $50k grand prize. The other 9 officially tagged trout will have numbers assigned to specific prizes. I don't see where there is any prize for the heaviest stringer or the largest trout. So make sure you know the rules before casting your line on the shore, or before you jump in your boat, kayak, canoe or float tube.
For more information on Lake Events in Big Bear or to learn more about the Big Bear Lakefront Market visit:

Also posted at www.bigbearlakefrontinfo.com
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Today I decided to take a look at sales trends over the past 6 years to see if anything interesting popped out. Below are sales reported by our MLS from 2003 through 2008. I've listed number of homes sold, average days on market, average list price, average sales price, median sales price, and sales price to list price ratio for each year.
2003 Lakefront Sales
Number of Homes Sold: 22
Average Days on Market: 96
Average List Price: $898,584
Average Sales Price: $845,068
Median Sales Price: $703,750
Sales Price/List Price: 96%
2004 Lakefront Sales
Number of Homes Sold: 23
Average Days on Market: 118
Average List Price: $935,086
Average Sales Price: $904,208
Median Sales Price: $824,500
Sales Price/List Price: 96%
2005 Lakefront Sales
Number of Homes Sold: 43
Average Days on Market: 101
Average List Price: $1,272,536
Average Sales Price: $1,213,295
Median Sales Price: $1,025,000
Sales Price/List Price: 97%
2006 Lakefront Sales
Number of Homes Sold: 34
Average Days on Market: 127
Average List Price: $1,519,585
Average Sales Price: $1,391,191
Median Sales Price: $1,100,000
Sales Price/List Price: 92%
2007 Lakefront Sales
Number of Homes Sold: 20
Average Days on Market: 132
Average List Price: $1,523,836
Average Sales Price: $1,438,973
Median Sales Price: $1,420,000
Sales Price/List Price: 94%
2008 Lakefront Sales
Number of Homes Sold (from January to November 10): 13
Average Days on Market: 190
Average List Price: $1,459,453
Average Sales Price: $1,307,230
Median Sales Price: $1,350,000
Sales Price/List Price: 90%
Things that stick out to me
Obviously there's a big drop off in sales in 2008. That is expected. Sales Price/List Price ratios have also dropped which is expected with so many homes on the market. Days on Market has increased with Supply. What's interesting to see is that sales prices haven't dipped like the rest of the market. We've seen depreciation of approximately 20-30% throughout the valley but the lakefront market has been relatively stable. Click here to read a recent article regarding lakefront homes by Tyler Wood who also works at Coldwell Banker.
Originally Posted at www.bigbearlakefrontinfo.com
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