Click here to see embedded YouTube video. This is a question I get on a daily basis. Prices are directly tied to sales and demand. The more sales (demand) we see, the higher prices should go. We've been averaging 50-90 sales the past 2 years or so. Compare that to the 200 per month we used to see back in the early to mid 2000's and you'll see demand is still pretty limited right now. Once we see a sustained amount of sales per month, in the range of 150 per month for a 6-12 month period, then we should start … [Read more...]
Big Bear Foreclosure Numbers – October 2010
November 22, 2010 by Leave a Comment
Foreclosure filings for Big Bear dropped in October 2010, down 17% when compared to September, a sizable chunk which continues the zig-zag movement of the Big Bear foreclosure market over the past year. Year over year, foreclosure filings were down 33% from the October 2009 numbers, the tenth straight month that foreclosure filings were down year over year. Foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed … [Read more...]
Top 10 Reasons to Buy a Home in Big Bear Lake
November 18, 2010 by Leave a Comment
If you have considered a mountain property, here are 10 great reasons to purchase a home now in Big Bear Lake. 1. Interest Rates are at an all time low! Today's rates are near 4.30%, which is free money to anyone who remembers the rates 20-30 years ago. The lower the rate, the lower your monthly mortgage payment. 2. Prices are the lowest they have been since 2003 - while they still may go down a little more, any hike up in the interest rate is bound to negate any savings by waiting. 3. Big Bear Lake has a … [Read more...]
Big Bear Home Sales – October 2010
November 15, 2010 by Leave a Comment
Home sales in Big Bear dropped 6% in October 2010. The median sales price dropped considerably, down 12%, while average sales price dropped 16% in October. Big Bear Home Sales Home sales in October (79) were down when compared to the September sales (84). Year over year, sales were down 17% from October 2009 (94). 32, or 40%, of the 79 sales were bank owned, up 11% from last month and more in line with what we've been used to seeing. 7 of the sales, or 9%, were short sales, which is 1% more than last … [Read more...]
Big Bear Foreclosure Numbers – September 2010
October 20, 2010 by 1 Comment
Foreclosure filings in Big Bear dropped in September 2010, down 3% when compared to August, thus again showing the zig-zag movement of the Big Bear foreclosure market. Year over year, foreclosure filings were down 11% from the September 2009 numbers, the ninth straight month that foreclosure filings were down year over year. 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 … [Read more...]
Big Bear Home Sales – September 2010 & Third Quarter 2010
October 10, 2010 by Leave a Comment
Home sales in Big Bear rose 20% in September 2010 while the median sales price remained relatively the same, up just 1%. The average sales price was up 3% in September. Big Bear Home Sales Home sales in September (84) were up when compared to the August sales (70). Year over year however, sales were down 12% from September 2009 (95). 24, or 29%, of the 84 sales were bank owned, the same % as last month. This is the second straight month that bank owned sales have made up a lower than average showing. The … [Read more...]
Big Bear Foreclosure Numbers – August 2010
September 18, 2010 by Leave a Comment
Foreclosure filings in Big Bear rose back up in August 2010, up 5% when compared to July, continuing the zig-zag movement of the Big Bear foreclosure market. Year over year, foreclosure filings were down 25% from the August 2009 numbers, the eighth 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 … [Read more...]
Big Bear Home Sales – August 2010
September 7, 2010 by Leave a Comment
August home sales in Big Bear remained flat while the median sales price showed a slight drop, and the average sales price rose moderately. Big Bear Home Sales Home sales in August (68) were level when compared to the July sales (68). Year over year however, sales were down 9% from August 2009 (75). 20, or 29%, of the 68 sales were bank owned, 7% less than last month. This is one of the lowest months for bank owned sales that we've seen in some time. The monthly average is normally in 40-50% range. 7 of the … [Read more...]
Big Bear Foreclosure Numbers – July 2010
August 16, 2010 by Leave a Comment
Foreclosure filings in Big Bear dropped in July 2010, down 5% when compared to June, continuing the zig-zag uncertainty of the Big Bear foreclosure market. Year over year, foreclosure filings were down 14% from the July 2009 numbers, the seventh straight month that foreclosure filings were down year over year. Notices of sale saw a decent size drop while notices of default were down slightly. The number of properties going back to the bank in July came back up, but it was still on the lower end of the monthly … [Read more...]
