Home sales in Big Bear for November 2008 (50 total) dropped 25% as compared to the same month last year, and fell 32% from the October 2008 home sales number of 73. This is a pretty big drop in sales activity, which is most likely a result of all the negative economic news over the past 60+ days. Typically, November & December are the best two months of the year for closings. The median price for the homes sold was $240,287, down 6% from Oct. 2008 and also down 15% from Nov. 2007. The median price has been … [Read more...]
Big Bear Real Estate – Monday Market Update For 12/1/2008
December 1, 2008 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 12/1/2008. The number of residential properties listed for sale in Big Bear now stands at 1049, down from 1067 last week. The reason for the drop was there were 30 expired listings (properties that did not sell) this morning. It would have been nice if this drop was due to 30 new pending sales, but it was not the case. It is pretty typical to see this amount of expired listings show up at the beginning of the month, as many listing contracts … [Read more...]
Umm Good! Make Your Big Bear Home Search Dwellicious
November 29, 2008 by Leave a Comment
Searching for a property in Big Bear (or anywhere)? You might want to check out Dwellicious.com. Here's a quick 4-5 minute video describing their product. [youtube]https://www.youtube.com/watch?v=8wp5_005_Rk&eurl=https://dwellicious.com/&feature=player_embedded[/youtube] Just like delicious.com does to the overall web, Dwellicious is a social bookmarking site which allows the users to bookmark listings from the popular real estate sites in one tidy spot for future reference. Consumers have ability to … [Read more...]
Say It Ain’t So Zillow
November 28, 2008 by 4 Comments
I don't mean to bash Zillow but they make it so easy sometimes. Last time I checked, real estate prices in Big Bear are not going up. So you can imagine my surprise when I received an email last week from Zillow saying the Zestimate (read:value) for a rental property I own went up a staggering $20,000, or 11.4%, in the past 30 days. Huh? Not a big deal, I am in the business and know what is really going on. But I also received a call from a seller client about his property Zestimate going up $30,000, 11.5%, in … [Read more...]
Giving Out My Real Estate Thanks
November 26, 2008 by Leave a Comment
Even though the real estate market has seen much better days, I believe there is still plenty to be thankful for in the world of real estate. [viddler id=90c5a3a9&w=545&h=349] Have a great Thanksgiving everyone! … [Read more...]
Big Bear Real Estate – Monday Market Update For 11/24/2008
November 24, 2008 by Leave a Comment
Below is an update for the Big Bear real estate market as of 11/24/2008. The number of residential properties listed for sale in Big Bear now stands at 1067 total. This is only up one from last week so not a big shift either way. I do expect this number to go down in the winter months as the market slows down. A lot of people think our market is good during the winter months as it is the peak skiing season. The fact is the winter months are the slowest months of the year for real estate in Big Bear. Driving … [Read more...]
Pricing Your Big Bear Home – Get Ahead Of The Buyer Train
November 18, 2008 by 5 Comments
One of the most common mistakes sellers make in this market is overpricing their home. It is human nature to think ours is better than the others. In real estate however, the numbers speak for themselves. The quote, "Liars figure, but figures never lie" seems appropriate. The biggest risk with overpricing a home now is that every month the home in on the market the price moves farther down, sometimes 1-2% (for Big Bear) per month. Many times sellers start out too high, and then reduce only to see that they are … [Read more...]
Big Bear Real Estate – Monday Market Update For 11/17/2008
November 17, 2008 by Leave a Comment
It has been over 6 months since my last Monday market update so I figured, why not start it up again today? Below is an update for the Big Bear real estate market as of 11/17/2008. The number of residential properties listed for sale in Big Bear now stands at 1066 total. It is interesting that this number is relatively low. A lot of people I talk to seem to think there is so much for sale right now when in fact this number was much higher, near 1500, last year at the same time. The real story is that a lot of … [Read more...]
Searching For Real Estate In Big Bear Just Got A Whole Lot Better
November 15, 2008 by Leave a Comment
Searching for real estate in Big Bear is getting easier everyday. With more access to the data, consumers are starting to see the full picture of what is going on in a particular real estate market. I recently signed up for a map based IDX MLS search product from Diverse Solutions. For those not familiar with IDX, it stands for internet data exchange. It is essentially an agreement between real estate brokers in the same MLS which permits each broker to share their listings in eachother's online advertising … [Read more...]
