[viddler id=99a7b553&w=545&h=349] Yes, you heard right. There are times when buying real estate may not be the best move. But, as pointed out in the video above, the decision should be unique to each buyer. If your only motivation is to get the best deal, then waiting right now could be prudent. However, there are plenty of buyers out there motivated by different objectives - getting the right location, getting a home before a certain time frame ends, getting a particular type of home or view, getting … [Read more...]
Big Bear Real Estate – Monday Market Update For 1/26/2009
January 26, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 1/26/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 930 -6 119 +6 30 +9 VACANT LAND 345 +6 10 +1 0 0 CONDOS 49 -2 6 +1 1 0 GOVERNMENT LEASE 11 0 0 0 0 0 COMMERCIAL & RES INVESTMENT 51 -1 3 0 0 0 BUSINESS OPPORTUNITY 11 -1 0 0 0 0 TOTAL 1397 -4 138 +8 31 +9 A few notes about the market - Of the 15 residential properties … [Read more...]
Bank Owned & Short Sale Homes Taking Market Share In Big Bear
January 25, 2009 by Leave a Comment
Active Listings % of Total Pending Listings % of Total Sold Listings Last Year % of Total Mom & Pop Seller 775 83% 36 31% 534 80% Bank Owned 69 7% 52 46% 115 17% Short Sales 89 10% 26 23% 18 3% Total 933 114 667 As evidenced in the table above, bank owned and short sale homes have taken a larger piece of the overall real estate pie here in Big Bear. 80% of the home sales in Big Bear for 2008 were your traditional, Mom & Pop seller. That made sense as there was a similar percentage, 90-95%, … [Read more...]
Big Bear Real Estate – Monday Market Update For 1/19/2009
January 19, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 1/19/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 936 0 113 -2 21 +15 VACANT LAND 339 +1 9 +1 0 0 CONDOS 51 0 5 +3 1 0 GOVERNMENT LEASE 11 0 0 0 0 0 COMMERCIAL & RES INVESTMENT 52 +1 3 -1 0 0 BUSINESS OPPORTUNITY 12 -2 0 0 0 0 TOTAL 1401 0 130 +1 22 +15 A few notes about the market - The residential inventory leveled off … [Read more...]
Absorption Rates For The Big Bear Real Estate Market – December 2008
January 18, 2009 by Leave a Comment
If you are thinking of buying or selling a home in Big Bear, you may want to take a look at the absorption rate of homes that are currently for sale. Knowing the absorption rate is a good way to become more informed on the current real estate market conditions in a particular area. In simplistic terms, it is a mathematical equation that tells the amount of time it will take for a specified set amount of properties to be absorbed under current real estate market conditions. I like to look at it from a monthly … [Read more...]
Big Bear Real Estate – Monday Market Update For 1/12/2009
January 12, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 1/12/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 936 -18 115 +9 6 +6 VACANT LAND 338 -3 8 +2 0 0 CONDOS 51 +3 2 -1 1 +1 GOVERNMENT LEASE 11 0 0 0 0 0 COMMERCIAL & RES INVESTMENT 51 +1 4 -1 0 0 BUSINESS OPPORTUNITY 14 -1 0 0 0 0 TOTAL 1401 -18 129 +10 7 +7 A few notes about the market - The residential inventory … [Read more...]
Big Bear Real Estate Market – 2008 Breakdown
January 12, 2009 by Leave a Comment
Below is the breakdown for the Big Bear real estate market in 2008. Big Bear Home Sales As previous mentioned on this blog, the residential sales, or homes sales, made up a significant amount of the sales in 2008, nearly 85% of the total market. Year # of Homes Sold % Change Median Sales Price % Change Average Sales Price % Change Days on Market List Price to Sales … [Read more...]
Big Bear Real Estate – Monday Market Update For 1/5/2009
January 5, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 1/5/2009, the first one for 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 954 -79 106 +8 0 n/a VACANT LAND 341 -36 6 -1 0 n/a CONDOS 48 -4 3 0 0 n/a GOVERNMENT LEASE 11 0 0 0 0 n/a COMMERCIAL & RES INVESTMENT 50 -3 5 -1 0 n/a BUSINESS OPPORTUNITY 15 0 0 0 0 n/a TOTAL 1419 -170 120 +6 0 n/a A few notes about the market … [Read more...]
Big Bear Home Sales – December 2008
January 3, 2009 by Leave a Comment
Home sales in Big Bear for December 2008 (41 total) dropped 26% as compared to December 2007, and fell 18% from the November 2008 home sales number of 50. Typically, November & December are the best two months of the year for closings/sales, but this year they ranked 5th & 3rd respectively as the slowest months for sales in 2008. The median price for the homes sold was $262,000, up 9% from Nov. 2008, but down 5% from Dec. 2007. With such a limited amount of sales, any slight variation can throw these … [Read more...]
In Big Bear, 2008 Was Not Great
December 31, 2008 by Leave a Comment
But hey, who is living in the past, right? In Big Bear, 2008 will go down as the slowest year for sales (# of properties sold) in more than 20+ years. It could be the slowest year ever but I don't have the data to prove it. It is what it is. The fact is that we are in this position and have to go through the "reckoning" process. Some call it karma, ying & yang, or the boomerang of life, it is the natural way to correctly a wrong. Like Newton's law of reciprocal actions, "To every action there is always … [Read more...]
