If you are considering purchasing a home in today’s market, the odds are pretty good you will be looking at a bank owned home. In Big Bear only 10% of the homes listed are bank owned homes, yet they make up 40% of the homes sold. Simply put, bank owned homes drive the market. In many cases, the traditional seller cannot afford to price his property at a competitive level with the bank owned properties in his neighborhood. So, for the time being, bank owned properties are going to be getting the bulk of buyer’s … [Read more...]
Big Bear Home Sales – January 2010
February 8, 2010 by Leave a Comment
As expected, home sales in Big Bear dropped in January. Sales in January represent buying activity in November and December - and peak holiday season = slow home buying season. The median sales price dropped significantly as well. Big Bear Home Sales Home sales in January were down 29% when compared to the December sales (56 v. 79). On a brighter note, sales were up 10% when compared to the same month last year (56 v. 51). Given that January thru April are the 4 slowest months of the year for sales, this number … [Read more...]
When’s The Time Best Time To Sell A House In Big Bear?
January 24, 2010 by Leave a Comment
Unsaved.mp4 Watch on Posterous Here's my take. Agents - what do you tell your clients? … [Read more...]
When’s The Best Time To Sell A House In Big Bear?
January 24, 2010 by Leave a Comment
Click here if you cannot see embedded video. Guess it depends on how you look at it. The majority of home sales in Big Bear occur in the months between July and October, with the closings following 30-60 days after that. But, this is also when the market carries the largest amount of properties for sale. Another way to look at it - you have more buyers looking to buy but also more sellers looking to sell. Conversely, there are less buyers in the November to May time frame but also less sellers on the market … [Read more...]
2009 Big Bear Real Estate Market Recap
January 23, 2010 by Leave a Comment
The real estate market in Big Bear for 2009 can be summed up in 9 words - Sales up, Prices down but stabilizing, & Inventory shrinking. Did you count? :). Big Bear home sales rose 33% in 2009 while the median and average sales prices dropped 17% from the 2008 numbers. Year to Year Comparison Year # of Homes Sold Median Sales Price Average Sales Price Days on Market List Price to Sales … [Read more...]
