Quick Home Search

Big Bear Home Sales – November 2010

Big Bear home sales hit their highest mark this year with a total of 93 sales in November.  The median sales price rose considerably, up 32% from October, while average sales price remained stable. Big Bear Home Sales Home sales in November (93) were up 18% when compared to the October sales (79). Year over year, sales were up just 2% from November 2009 (91). 26, or 28%, of the 93 sales were bank owned, down 12% from last month. 16 of the sales, or 17%, were short sales, which is 8% more than last month and the … [Read more...]

When Will Prices Go Up in Big Bear?

Click here to see embedded YouTube video. This is a question I get on a daily basis. Prices are directly tied to sales and demand. The more sales (demand) we see, the higher prices should go. We've been averaging 50-90 sales the past 2 years or so. Compare that to the 200 per month we used to see back in the early to mid 2000's and you'll see demand is still pretty limited right now. Once we see a sustained amount of sales per month, in the range of 150 per month for a 6-12 month period, then we should start … [Read more...]

Big Bear Foreclosure Numbers – October 2010

Foreclosure filings for Big Bear dropped in October 2010, down 17% when compared to September, a sizable chunk which continues the zig-zag movement of the Big Bear foreclosure market over the past year. Year over year, foreclosure filings were down 33% from the October 2009 numbers, the tenth straight month that foreclosure filings were down year over year. Foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed … [Read more...]

Snow Hits Big Bear!

This is the first snow fall of the year and it's starting early. Should be a great week to celebrate Thanksgiving with the family. … [Read more...]

Big Bear Home Sales – October 2010

Home sales in Big Bear dropped 6% in October 2010.  The median sales price dropped considerably, down 12%, while average sales price dropped 16% in October. Big Bear Home Sales Home sales in October (79) were down when compared to the September sales (84). Year over year, sales were down 17% from October 2009 (94). 32, or 40%, of the 79 sales were bank owned, up 11% from last month and more in line with what we've been used to seeing. 7 of the sales, or 9%, were short sales, which is 1% more than last … [Read more...]

The Market Doesn’t Lie.

"I want to buy something in Big Bear at 50% of the market value." Yeah, you and everyone else.  There are plenty of buyers out there, even in today's market, that would love to do that. I hear this a lot from buyers but it is an unrealistic expectation in today's information age.  The only way you are going to "steal" a property in this market is if few agents or buyers actually know about it.  Most properties that are sold today are through real estate agents and the MLS.   And the one thing you can expect is … [Read more...]

Big Bear Foreclosure Numbers – September 2010

Foreclosure filings in Big Bear dropped in September 2010, down 3% when compared to August, thus again showing the zig-zag movement of the Big Bear foreclosure market. Year over year, foreclosure filings were down 11% from the September 2009 numbers, the ninth straight month that foreclosure filings were down year over year. Foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed after homeowners fall behind in … [Read more...]

Big Bear Home Sales – September 2010 & Third Quarter 2010

Home sales in Big Bear rose 20% in September 2010 while the median sales price remained relatively the same, up just 1%.  The average sales price was up 3% in September. Big Bear Home Sales Home sales in September (84) were up when compared to the August sales (70). Year over year however, sales were down 12% from September 2009 (95). 24, or 29%, of the 84 sales were bank owned, the same % as last month. This is the second straight month that bank owned sales have made up a lower than average showing.  The … [Read more...]

Big Bear Foreclosure Numbers – August 2010

Foreclosure filings in Big Bear rose back up in August 2010, up 5% when compared to July, continuing the zig-zag movement of the Big Bear foreclosure market. Year over year, foreclosure filings were down 25% from the August 2009 numbers, the eighth straight month that foreclosure filings were down year over year. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed after homeowners fall behind in … [Read more...]

Big Bear Home Sales – August 2010

August home sales in Big Bear remained flat while the median sales price showed a slight drop, and the average sales price rose moderately. Big Bear Home Sales Home sales in August (68) were level when compared to the July sales (68). Year over year however, sales were down 9% from August 2009 (75). 20, or 29%, of the 68 sales were bank owned, 7% less than last month. This is one of the lowest months for bank owned sales that we've seen in some time.  The monthly average is normally in 40-50% range. 7 of the … [Read more...]