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 Neighborhood Overview – Meadowbrook Estates
January 3, 2009 by 1 Comment
Want space & seclusion from your next Big Bear property? Meadowbrook Estates could be the answer. This is a heavily treed acreage subdivision located on the east end of Big Bear, in between Sugarloaf & Erwin Lake. History of Meadowbrook Estates Meadowbrook Estates is comprised of a total of three phases and 154 lots. Apparently, this property was designated as National Forest at some point in time prior to initial development but I don't know how many years ago that was. The first phase came up … [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...]
Driving To Big Bear During The Winter Months – Some Advice
January 2, 2009 by 85 Comments
This post is inspired by the pleasure (not really) I had of driving off of the mountain recently, and to educate those who plan to make the trip to Big Bear this winter. With all the snow we have received so far, the driving conditions on the various Hwys. and roads to & from Big Bear are bad. Couple that with the thousands of people who are trying to come up or leave the mountains, and you have some pretty frustrating & dangerous driving conditions. Weekends are typically the worst, especially after a … [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...]
Big Bear Real Estate – Monday Market Update For 12/28/2008
December 29, 2008 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 12/28/2008, the last one for 2008! Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 1033 -6 98 +3 652 +8 VACANT LAND 377 +3 7 -2 69 0 CONDOS 52 -1 3 0 22 +1 GOVERNMENT LEASE 11 0 0 0 11 0 COMMERCIAL & RES INVESTMENT 53 0 6 0 15 0 BUSINESS OPPORTUNITY 15 0 0 0 6 0 TOTAL 1541 -4 114 +1 775 +9 A few notes about the market - The … [Read more...]
Patience Is More Than A Virtue When Buying Real Estate
December 28, 2008 by Leave a Comment
Patience is the key to getting a "great" deal when buying a property in Big Bear. In this real estate market, those who have the ability to wait, be patient, and let things draw out as they may are the ones who get the best buys when it is all said and done. Every buyer wants to get the best deal possible but very few have the patience necessary when it comes time to buying a house. In today's age of text & instant messaging, twitter, and the wealth of information at your fingertips, actually having to wait … [Read more...]
Big Bear Real Estate – Monday Market Update For 12/22/2008
December 22, 2008 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 12/22/2008. The number of residential properties listed for sale in Big Bear now stands at 1039, down 7 from the 1046 total for last week. This number should continue to drop as we head into the slower winter months and sellers take their properties off of the market. The number of houses in escrow now stands at 95 (9% of the total listings), down 5 from last week, while the number of closed sales stands at 644 year-to-date, up 6 from last … [Read more...]
More Evidence Of The Bank-Owned, REO Mentality
December 19, 2008 by 1 Comment
Home buyers today are of the "Bank-Owned/REO Mentality." They want to buy something with that kind of price tag, regardless of who owns it. I came across an article from CNNMoney that really hits home on what is going on in the current housing market. If you want to sell a home in this market, no matter how much it hurts, you need to price your home like a bank-owned or REO property. That is your competition. The tough part about this is that bank-owned or REO properties are priced 20-40% less than the non-REO … [Read more...]
Yeah, Big Bear Got That Much Snow!
December 18, 2008 by 3 Comments
Nearly 4 feet in 3 days and my back is feeling it. To put this in perspective, here are two photos of my listing for sale at 42235 Heavenly Valley, Big Bear. Summer shot...... And after the storm.... If you are planning a trip up to Big Bear this time of year, it is always a good idea to carry chains with you, regardless of whether you have 4-wheel drive. It is very common for the Highway Patrol to be checking cars as they come up the hill and they have no problem turning people around who don't have chains … [Read more...]
