If the foreclosure market has anything to say about how long this down market will last, don’t expect things to get better anytime soon.
Foreclosure filings in Big Bear were up 20% in May 2009 compared to April 2009. And year over year, foreclosure filings were up 53% as compared to May 2008. Foreclosure filings, which are made up on Notices of Default (NOD), Notices of Trustee Sale (NTS), and Trustee Sales, are a good indicator of the future health of any real estate market. Accordingly, the real estate market in Big Bear stands to lose a few pounds.
Here’s the breakdown for each –
Notices of Default – at 94, they were up just 2% from April 2009, but up 50% from May 2008. The all-time high was set in March of this year, with 107 total.
Keep in mind the NOD starts the foreclosure process. Generally speaking, the vast majority of these properties will be hitting the market in 6-12 months.
Notices of Trustee Sale (NTS), which sets an auction date & time, shot up sharply in May. In fact, the 76 NTS filed is the largest we have ever seen in Big Bear. That number is up 58% from the April 2009 number, and 73% from May 2008.
The number of properties that went back to the bank in May was also the highest we have seen in Big Bear history. Granted, it was only 1 higher than the previous high, it is still important.
This was a 16% increase from April’s number of 38.
Year over year, the number of properties that went back to the bank in May was up 33% from that same month last year.
Here are the monthly foreclosure numbers broken down by each area in Big Bear –
92315 = Big Bear Lake, which is made of Big Bear Lake West (the Boulder Bay area), Big Bear Lake Central (the area around the Village), Big Bear Lake East (Eagle Point area, Summit Estates), most of the Fox Farm area (including Castle Glen, Eagle Mountain, Alpine Woods, and others), & most of the Moonridge area.
92314 = Big Bear City, which includes Erwin Lake, Lake Williams, Baldwin Lake, Whispering Forest, and small parts on Moonridge & Fox Farm.
92386 = Sugarloaf.
92333 = Fawnskin area of the North Shore.
Notices of Default
| Month/Yr. | 92315 | 92314 | 92386 | 92333 | Total |
|---|---|---|---|---|---|
| May 09 | 37 | 41 | 5 | 11 | 94 |
| Apr. 09 | 42 | 36 | 1 | 13 | 92 |
| Mar. 09 | 31 | 49 | 22 | 5 | 107 |
| Feb. 09 | 30 | 54 | 9 | 2 | 95 |
| Jan. 09 | 19 | 32 | 6 | 1 | 58 |
| Dec. 08 | 18 | 38 | 15 | 2 | 73 |
| Nov. 08 | 21 | 14 | 3 | 0 | 38 |
| Oct. 08 | 11 | 17 | 7 | 3 | 38 |
| Sept. 08 | 13 | 8 | 2 | 1 | 24 |
| Aug. 08 | 24 | 29 | 14 | 0 | 67 |
| Jul. 08 | 25 | 33 | 10 | 0 | 68 |
| Jun. 08 | 27 | 35 | 14 | 0 | 76 |
| May 08 | 20 | 31 | 11 | 1 | 63 |
| Apr. 08 | 20 | 30 | 16 | 2 | 68 |
| Mar. 08 | 21 | 21 | 11 | 2 | 55 |
| Feb. 08 | 17 | 23 | 10 | 1 | 51 |
| Jan. 08 | 17 | 28 | 9 | 3 | 57 |
| Dec. 07 | 16 | 28 | 8 | 3 | 55 |
| Nov. 07 | 14 | 12 | 3 | 0 | 29 |
| Oct. 07 | 8 | 23 | 6 | 2 | 39 |
| Sept. 07 | 4 | 15 | 4 | 0 | 23 |
| Aug. 07 | 16 | 29 | 6 | 1 | 52 |
| Jul. 07 | 15 | 18 | 8 | 1 | 42 |
| Jun. 07 | 9 | 26 | 5 | 1 | 41 |
| May 07 | 13 | 11 | 5 | 0 | 27 |
| Apr. 07 | 12 | 15 | 5 | 1 | 33 |
| Mar. 07 | 4 | 12 | 5 | 1 | 22 |
| Feb. 07 | 5 | 12 | 7 | 0 | 24 |
| Jan. 07 | 4 | 11 | 3 | 0 | 18 |
| Dec. 06 | 7 | 14 | 7 | 0 | 28 |
| Nov. 06 | 6 | 14 | 2 | 0 | 22 |
| Oct. 06 | 8 | 7 | 3 | 1 | 19 |
Notices Of Sale
| Month/Yr. | 92315 | 92314 | 92386 | 92333 | Total |
|---|---|---|---|---|---|
| May 09 | 25 | 42 | 3 | 6 | 76 |
| Apr. 09 | 12 | 26 | 2 | 8 | 48 |
| Mar. 09 | 17 | 30 | 11 | 1 | 59 |
| Feb. 09 | 20 | 23 | 5 | 0 | 68 |
| Jan. 09 | 20 | 17 | 10 | 2 | 49 |
| Dec. 08 | 15 | 19 | 7 | 0 | 41 |
| Nov. 08 | 22 | 22 | 6 | 0 | 50 |
| Oct. 08 | 18 | 24 | 11 | 0 | 53 |
| Sept. 08 | 10 | 11 | 4 | 0 | 25 |
| Aug. 08 | 23 | 30 | 11 | 0 | 64 |
| Jul. 08 | 11 | 27 | 16 | 3 | 57 |
| Jun. 08 | 16 | 18 | 9 | 0 | 43 |
| May 08 | 11 | 21 | 9 | 3 | 44 |
| Apr. 08 | 16 | 23 | 10 | 1 | 50 |
| Mar. 08 | 8 | 19 | 6 | 1 | 34 |
| Feb. 08 | 6 | 10 | 6 | 0 | 22 |
| Jan. 08 | 7 | 11 | 3 | 0 | 21 |
| Dec. 07 | 8 | 16 | 3 | 1 | 28 |
| Nov. 07 | 9 | 18 | 5 | 0 | 32 |
| Oct. 07 | 9 | 15 | 6 | 1 | 31 |
| Sept. 07 | 6 | 16 | 2 | 0 | 24 |
| Aug. 07 | 9 | 9 | 6 | 0 | 24 |
| Jul. 07 | 3 | 6 | 6 | 1 | 16 |
| Jun. 07 | 3 | 7 | 2 | 1 | 13 |
| May 07 | 5 | 6 | 2 | 0 | 13 |
| Apr. 07 | 3 | 10 | 3 | 0 | 16 |
| Mar. 07 | 3 | 11 | 3 | 0 | 17 |
| Feb. 07 | 5 | 9 | 2 | 0 | 16 |
| Jan. 07 | 5 | 2 | 1 | 1 | 9 |
| Dec. 06 | 0 | 5 | 1 | 0 | 6 |
| Nov. 06 | 6 | 5 | 2 | 0 | 13 |
| Oct. 06 | 3 | 2 | 1 | 0 | 6 |
Properties Back To The Bank
| Month/Yr. | 92315 | 92314 | 92386 | 92333 | Total |
|---|---|---|---|---|---|
| May 09 | 11 | 21 | 1 | 11 | 44 |
| Apr. 09 | 15 | 19 | 1 | 3 | 38 |
| Mar. 09 | 10 | 7 | 4 | 0 | 21 |
| Feb. 09 | 14 | 18 | 11 | 0 | 43 |
| Jan. 09 | 8 | 17 | 17 | 0 | 42 |
| Dec. 08 | 14 | 14 | 5 | 0 | 33 |
| Nov. 08 | 9 | 14 | 5 | 0 | 28 |
| Oct. 08 | 10 | 12 | 3 | 0 | 25 |
| Sept. 08 | 10 | 18 | 4 | 0 | 32 |
| Aug. 08 | 8 | 17 | 14 | 3 | 42 |
| Jul. 08 | 13 | 14 | 6 | 1 | 34 |
| Jun. 08 | 13 | 12 | 8 | 1 | 34 |
| May 08 | 9 | 16 | 7 | 1 | 33 |
| Apr. 08 | 7 | 16 | 6 | 1 | 30 |
| Mar. 08 | 2 | 7 | 5 | 0 | 12 |
| Feb. 08 | 9 | 7 | 4 | 1 | 21 |
| Jan. 08 | 3 | 18 | 4 | 0 | 25 |
| Dec. 07 | 7 | 10 | 2 | 0 | 19 |
| Nov. 07 | 4 | 8 | 4 | 1 | 17 |
| Oct. 07 | 9 | 16 | 2 | 0 | 27 |
| Sept. 07 | 4 | 5 | 4 | 0 | 13 |
| Aug. 07 | 0 | 6 | 1 | 0 | 7 |
| Jul. 07 | 2 | 5 | 3 | 0 | 10 |
| Jun. 07 | 0 | 3 | 1 | 0 | 4 |
| May 07 | 2 | 4 | 2 | 0 | 8 |
| Apr. 07 | 1 | 4 | 2 | 0 | 7 |
| Mar. 07 | 1 | 3 | 0 | 0 | 4 |
| Feb. 07 | 3 | 6 | 2 | 0 | 11 |
| Jan. 07 | 0 | 3 | 0 | 0 | 3 |
| Dec. 06 | 1 | 2 | 2 | 0 | 5 |
| Nov. 06 | 0 | 0 | 0 | 0 | 0 |
| Oct. 06 | 0 | 0 | 0 | 0 | 0 |
Related Articles
Big Bear Foreclosure Numbers – April 2009
Big Bear Foreclosure Numbers – March 2009
Big Bear Foreclosure Numbers – February 2009
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