Click here to see embedded YouTube video. Here's the gist - just because your agent does not agree with you does not mean they are not representing you. Much of the value a real estate agent provides lies in their knowledge and experience. They've been down this road a lot of times in the past. So, when a buyer or seller is looking like they might be getting ready to jump off a real estate cliff so to speak, most agents are going to warn their clients ahead of time and give them advice. This can come across as … [Read more...]
Big Bear Market Absorption Rate – 7.7 Months
December 13, 2010 by Leave a Comment
The absorption rate for the Big Bear real estate market now stands at 7.7 months. With 93 homes sales in November, and approximately 715 homes for sale in the area, the market is starting to come in line with a "normal" market, though it is still leaning in favor of buyers. Why is this important? Knowing the absorption rate will tell you what the real estate conditions are like in a particular price range and area. If you are selling your property, this can help when determining the demand in your area or price … [Read more...]
Big Bear Home Sales – November 2010
December 11, 2010 by Leave a Comment
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...]
Big Bear Foreclosure Numbers – October 2010
November 22, 2010 by Leave a Comment
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!
November 21, 2010 by Leave a Comment
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
November 15, 2010 by Leave a Comment
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...]
Big Bear Foreclosure Numbers – September 2010
October 20, 2010 by 1 Comment
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
October 10, 2010 by Leave a Comment
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...]
