Below is the update for the Big Bear real estate market as of 3/3/2008. The residential properties listed for sale in Big Bear are down 8 from 1056 homes for sale to 1048. The number of homes in escrow are up by 5 from last week to 105 while sales year to date are now at 58 Big Bear homes sold since the beginning of the year. Vacant land listings in Big Bear remained nearly the same with only one less this week. The number now stands at 321 vacant land listings on the market for sale. There were 3 additional … [Read more...]
Big Bear Home Sales For February 2008
March 2, 2008 by 2 Comments
The real estate market in Big Bear continues to move along at a very slow place. Even with the extra day this February, home sales in Big Bear last month totaled only 28 31 (some late entries), one two more less than the number sold in January. The median price for properties listed for sale was up 1% from $339,900 to $345,000, while the median sales price for the homes sold in February was down 13 10% from the previous month, $250,000 $260,000 as compared to $287,500 in January. This is still the lowest monthly … [Read more...]
Big Bear Real Estate – Monday Market Update For 2/25/2008
February 25, 2008 by 1 Comment
Below is the update for the Big Bear real estate market as of 2/25/2008. The residential properties listed for sale in Big Bear went up 4 from 1052 homes for sale to 1056. The number of homes in escrow is up by 9 from last week to 100 while sales year to date are now at 53 Big Bear homes sold since the beginning of the year. Vacant land listings actually went down 6 from 328 to 322 current vacant land listings on the market for sale. Pending sales for vacant land in Big Bear are up by 1 property this week from 24 … [Read more...]
Big Bear Lake Levels – Where To Find It & How It Is Relates To Property Values In Big Bear
February 22, 2008 by 1 Comment
One question that seems to come up often from people who visit the Big Bear area is, "How far down is the lake level?" The typical answer from me has always been more of a range, rather than a specific amount. The Big Bear Municipal Water District, also called BBMWD, has been keeping records of the levels on Big Bear Lake for some time now. Their website has the lake level history going back to 1985. Big Bear MWD takes weekly measurements and posts the results to their website here. Historical lake levels … [Read more...]
Absorption Rates For Big Bear Real Estate – February 2008
February 21, 2008 by Leave a Comment
The average time it will take for the Big Bear real estate market to absorb the number of homes for sale continues to remain longer than 2 years. What does the absorption rate mean? In simple terms, the absorption rate is the amount of time it will take for a specified set amount of properties to be absorbed based on current real estate market conditions. Taking the 1052 homes currently available on the market for sale in Big Bear, divided by the 29 homes for that sold in January, gives the Big Bear real estate … [Read more...]
Monday Market Update
February 18, 2008 by 1 Comment
Below is an update for the Big Bear Real Estate Market. While activity seemed to be picking up recently, the number of pending properties has actually been holding steady for the past few months. The listing inventory has continually declined over the same time frame, which is very typical for our market. We will probably bottom out in the next couple months and then shoot back up to the 1500 mark for residential properties around July or so. Again, this is typical for the Big Bear market. Be sure to check back … [Read more...]
Ouch! Big Bear Home Sales Are Hurting
February 17, 2008 by Leave a Comment
Based on the January home sales report below, I don't know who is hurting more right now, the real estate agents in Big Bear or the home sellers. With only 29 home sales closed in the Big Bear Lake area during January 2008, times are tough for both I would imagine. The news great for buyers as there are some motivated sellers, lots of properties to choose from (approx. 1094 as of Jan .31), lower prices & lower interest rates. January home sales were down 47% in Big Bear compared to the previous month (55) and … [Read more...]
High Timber Ranch – Moonridge – Home Sales For 2007
February 11, 2008 by Leave a Comment
The High Timber Ranch area of Moonridge has been around since 1999. The first phase contained 67 parcels. The second phase, which came up for sale in 2001, had 47 lots. There is potential for another 200 parcels to be developed within the next 2-5 years, depending on the real estate market conditions. The area has underground utilities along with protective CC&R's. Even though most of the properties are over 1/2 acre of land, horses are not allowed in the High Timber Ranch area. Currently, there is no … [Read more...]
The Big Bear MLS: Is Your Real Estate Agent A Member? 2 Critical Reasons Why They Should Be
February 9, 2008 by Leave a Comment
The MLS (Multiple Listing Service) is without a doubt the single most important tool that real estate agents use to do their job. In short, the MLS is a private database in which real estate brokers can add properties for sale & offer compensation to other brokers who belong to the MLS (often called a cooperating broker). Cooperating brokers use this database as a resource to help potential buyers and other sellers. The Big Bear MLS is very unique in that it is a "member only" MLS with no reciprocal … [Read more...]
