I talk with a lot of home sellers in Big Bear. Some are thinking of selling, and some are trying to sell right now. The conversations are really not all that different. Most of the time, it comes down to the pricing. Here are a couple videos I did over the past week relating to selling a home in Big Bear. See if you can guess what the common theme is for both of these. [viddler id=2d5f7e69&w=545&h=349] This real estate market is for serious sellers only. That's why banks make up more than 50% of … [Read more...]
Big Bear Real Estate Monday Market Update For 4/13/2009
April 13, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 4/13/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 891 -3 129 +5 182 +11 VACANT LAND 374 +16 11 +1 7 0 CONDOS 48 0 2 -1 6 +1 GOVERNMENT LEASE 14 +1 0 0 0 0 COMMERCIAL & RES INVESTMENT 61 +4 5 0 4 0 BUSINESS OPPORTUNITY 15 +1 1 0 0 0 TOTAL 1403 +19 148 +5 199 +12 These are the quick stats for the week - 25 new residential … [Read more...]
March 2009 – Foreclosure Numbers For The Big Bear Real Estate Market
April 11, 2009 by 2 Comments
Notices of Default (NOD) in Big Bear eclipsed the 100 mark for the first time in history during March 2009. Up 13% from the previous high of 95 NODs in February 2009, the new record set in March was 107 NODs. This means more and more properties in the Big Bear area going into default, a majority of which will most likely be bank owned in 6-12 months. While the NODs were up, the Notices of Sale (NOS) and the number on properties that went back to the bank were down. NOSs were down 13% in March, from 68 in … [Read more...]
Big Bear Real Estate Monday Market Update For 4/6/2009
April 6, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 4/6/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 894 -8 124 -4 171 +20 VACANT LAND 358 -1 10 +1 7 +1 CONDOS 48 -1 3 0 5 0 GOVERNMENT LEASE 13 +1 0 0 0 0 COMMERCIAL & RES INVESTMENT 57 +1 5 +1 4 0 BUSINESS OPPORTUNITY 14 +1 1 0 0 0 TOTAL 1385 -7 143 -2 187 +21 These are the quick stats for the week - 36 new residential … [Read more...]
Big Bear Home Sales – March & First Quarter 2009
April 5, 2009 by Leave a Comment
Big Bear Home Sales After a big jump the first two months of 2009, home sales in Big Bear for March 2009 (54) slowed down a bit. Sales were up just 10% as compared to March 2008 (49), but were down 5% from the Feb. 2009 home sales (57). Year to date though, sales are are still up 44% from 2008 (164 vs. 113). 28, or 52%, of the 54 home sales in Big Bear were bank owned and 5, or 9%, were short sales. The 21, or 39%, other home sales in March 2009 were the organic sales. Expect the bank owned & short sale … [Read more...]
The California Assocation of Realtors Step Up To Help Home Buyers
April 4, 2009 by 1 Comment
Similar to many of the automotive companies and the assurances they are giving to car buyers, the California Assocation of Realtors (C.A.R) just released some reassuring news to first-time home buyers with the C.A.R. mortgage protection plan. From what I could tell, this is the first of its kind. From C.A.R. - C.A.R. launches mortgage protection plan for first-time home buyers The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today launched the C.A.R. Housing Affordability Fund Mortgage Protection Program … [Read more...]
So, We’ve Hit Bottom In Big Bear……..Not So Fast!
April 4, 2009 by Leave a Comment
[viddler id=8b2cd2a8&w=545&h=349] There's been a lot of talk recently about the real estate market in Big Bear hitting the bottom. Rightfully so, with sales up nearly 50% from last year, interest rates under 5%, the number of properties on the market down 25%, and prices down 25% to 50% from their peak, it is natural to think we are there are close to it. I guess it depends on what you call the bottom, number of sales or prices? If it is sales, then yes, we already hit bottom last year. But, prices are … [Read more...]
Big Bear Real Estate Monday Market Update For 3/30/2009
March 30, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 3/30/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 902 +2 128 +3 151 +12 VACANT LAND 360 +1 9 -1 6 +1 CONDOS 49 +2 3 -2 5 +2 GOVERNMENT LEASE 12 +1 0 0 0 0 COMMERCIAL & RES INVESTMENT 56 +2 4 -1 4 +3 BUSINESS OPPORTUNITY 13 0 1 0 0 0 TOTAL 1392 +8 145 -1 166 +18 These are the quick stats for the week - 32 new residential … [Read more...]
Big Bear Lakefront Sales – 2008
March 28, 2009 by Leave a Comment
I've mentioned it here before, the lakefront real estate market in Big Bear is unique. So, when you talk about real estate in Big Bear, the lakefront market is a whole different conversation, as it should be. Up until the latter part of 2008, the lakefront market remained somewhat insulated from the price drops we were seeing in the rest of the market. But, in 2008, the average price for a lakefront property dropped nearly 11% from 2007. Couple that with the average days on the market jumping from 132 to 188, … [Read more...]
