Bear Lake Reserve Market Report
July 15, 2022 | Stephanie Buss
Specific data in relation to property sales at Bear Lake
The average price per square foot of homes sold in Bear Lake Reserve is currently around $275 per square foot and up 36.8% over 2021. This is a rolling 12 month average. ***The last two Mountain Laurel cottages have closed on average for $264 per square foot***
On average Bear Lake properties are closing for 96.5% of the original list price. This is a 2.9% increase from 2021.
Sales are down and are likely to continue to go down. Price appreciation is expected to continue without a significant increase in supply. Low inventory is still the driving factor in home sales. Continued demand will still make this a seller’s market, but correct pricing and informed market knowledge will be crucial for successful transactions!