The number of homes for sale in Big Bear continued its upward rise with no end in site since hitting the trough in February 2010. The median and average sales prices jumped up again after falling in June, while home sales slipped down slightly in July. Big Bear Home Sales Home sales in July were down 6% when compared to the June sales (68 v. 72). Not a huge decrease but would be better for the market if it were 10-20% higher. Compared to last year, sales are down 22% from July 2009 (68 v. 87) :( . 24, or 35%, … [Read more...]
Big Bear Foreclosure Numbers – June 2010
July 22, 2010 by Leave a Comment
Foreclosure filings in Big Bear rose in June 2010, up 25% when compared to May, continuing the zig-zag uncertainty of the Big Bear foreclosure market. Year over year, foreclosure filings were down 12% from the June 2009 numbers, the sixth straight month that foreclosure filings were down year over year. Notices of sale saw a big spike while notices of default were up modestly. The number of properties going back to the bank in June was the lowest we've seen since February 2009. Keep in mind, foreclosure filings … [Read more...]
Big Bear Foreclosure Numbers – May 2010
June 26, 2010 by Leave a Comment
Foreclosure filings in Big Bear dropped significantly in May 2010, down 32% when compared to April. And year over year, foreclosure filings were down 46% from the May 2009 numbers, the fifth straight month that foreclosure filings were down year over year. This is a welcome sign for an otherwise slow moving Big Bear real estate market. Keep in mind, 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 … [Read more...]
Big Bear Home Sales – May 2010
June 9, 2010 by 1 Comment
The number of homes for sale in Big Bear rose significantly in May, the second straight month we've seen the increase. Combine that with the 55 homes sold in May, the lowest number we've seen since January 2009, and it is not the type of combination you want if you are looking for an improving real estate market in Big Bear. One of the bright spots for sellers has been the limited inventory, or competition. But, that is slowly going dim. Big Bear Home Sales Home sales in May were down 28% when compared to the … [Read more...]
Buying a Fannie Mae Property – First Look Policy
June 7, 2010 by Leave a Comment
Fannie Mae properties are a lot different than other REO or bank foreclosures. Just one of the differences is the First Look program - the first 15 days a property is listed for sale (or listed on HomePath.com), they will only respond to offers from "owner occupants and those using public funds." This affects Big Bear home buyers as nearly 80% of them are second home buyers. While they can still submit their offers at anytime, they will have to wait until the 15 days expires in order to get a response from … [Read more...]
Big Bear Foreclosure Numbers – April 2010
May 22, 2010 by Leave a Comment
Foreclosure filings in Big Bear dropped 6% in April 2010 when compared to March. Year over year, foreclosure filings were down 4% from the April 2009 numbers, the fourth month in a row that foreclosure filings were down year over year. Keep in mind, 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 their payments. Notices of Sale (NOS), a recorded document that is filed about … [Read more...]
Big Bear Home Sales – April 2010
May 8, 2010 by Leave a Comment
Home sales in Big Bear remained relatively stable in April 2010 while prices dropped pretty significantly. Big Bear Home Sales Home sales in April were up 3% when compared to the March sales (76 v. 74). Year over year, sales are up 21% from April 2009, more good news for the market. Compared to April 2008, sales were up 52%! 32, or 42%, of the 76 home sales in Big Bear were bank owned, about 5% less than last month. 40-50% per month is about the average we've been seeing for a while now. 11 of the sales, or … [Read more...]
Big Bear Foreclosure Numbers – March 2010
April 30, 2010 by Leave a Comment
Foreclosure filings in Big Bear rose 12% in March 2010 when compared to February. Year over year however, foreclosure filings were down 3% from the March 2009 numbers, the third month in a row that foreclosure filings were down year over year. Keep in mind, 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 their payments. Notices of Sale (NOS), a recorded document that is … [Read more...]
Big Bear Foreclosure Numbers – February 2010
March 21, 2010 by 4 Comments
Foreclosure filings in Big Bear jumped 23% in February 2010 when compared to January. Year over year however, foreclosure filings were down 22% from the February 2009 numbers, the second straight month that foreclosure filings were down year over year. Keep in mind, 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 their payments. Notices of Sale (NOS), a recorded document … [Read more...]
