Foreclosure numbers in Big Bear slowed a bit in August though they still remain near record highs. The foreclosure filings in August 2009 (219) were down 10% from July 2009 (244), but were still up 27% from August 2008 (173). Foreclosure filings are made up of Notices of Default, a recorded document that starts the foreclosure process, Notices of Sale, a recorded document that sets the date for the Trustee Sale, and lastly, Trustee Sales, properties that go back to the bank or sold to third parties. Here's how … [Read more...]
Is The Big Bear Real Estate Market Headed Toward The Perfect Storm?
September 7, 2009 by 7 Comments
I believe it could be. The current state of the real estate market in Big Bear reminds me of a scene in the movie, "The Perfect Storm". Near the end of the movie, after the fishing boat and its crew battle huge waves and horrible weather, things clear up. They think they made it through. But, the storm comes right back even stronger and eventually sinks the ship & crew. This is similar to the current state of the real estate market in Bear. We've seen rough waters over the past 2-3 years, and things … [Read more...]
My First Blog Post
September 6, 2009 by Leave a Comment
Testing posterous, please indulge … [Read more...]
My First Blog Post
September 6, 2009 by Leave a Comment
Just signed up for my posterous account … [Read more...]
Big Bear Home Sales – August 2009
September 6, 2009 by 2 Comments
Big Bear Home Sales Big Bear home sales dropped in August from the 2-year high we saw in July. Home sales fell 14% when compared to the July numbers (75 v. 87), but were up 25% when compared to August 2008 (75 v. 60). Even with the drop in sales month over month, sales are still pretty strong all things considered. They are certainly not close to the sales numbers we saw 4-7 ago (averaging about 175 per month). It is typical to see sales pick up in the June to October time frames as that is our selling … [Read more...]
Big Bear Foreclosure Numbers – July 2009
August 22, 2009 by 2 Comments
Foreclosure numbers in Big Bear are still on the rise. The foreclosure filings in July 2009 were up 16% from June 2009, and 81% from July 2008. Keep in mind, foreclosure filings are made up of Notices of Default, a recorded document that starts the foreclosure process, Notices of Sale, a recorded document that sets the date for the Trustee Sale, and lastly, Trustee Sales, properties that go back to the bank or sold to third parties. While the overall news on the real estate market may appear to be getting … [Read more...]
Big Bear Bank Owned Fixers – Some Pointers
August 21, 2009 by 1 Comment
With prices for real estate in Big Bear at an all time low, many folks are seriously considering buying a bank owned fixer. On the surface, it seems like a really great idea, and if done correctly, it can be. However, like most things, it is a little more complex than it appears to be. There are many issues that can come up and derail or at least cost more than one would expect. The purpose of this blog post is just to bring up a few things one should think about before you take the plunge. 1. Don’t be greedy. … [Read more...]
Big Bear Home Sales July 2009
August 9, 2009 by 2 Comments
Big Bear Home Sales Big Bear home sales hit a two year high in July 2009. Home sales rose 9% when compared to the June numbers (84 v. 77), and 35% when compared to June 2008 (84 v. 62). This is great news for the Big Bear real estate market as it is the second strong month for home sales. Even if prices are still a bit volatile, strong sales are always positive sign. It is important to keep in mind that in a normal market, sales should be in the range of 150-200 per month. We are still a long ways from that. 29, … [Read more...]
