Below is your weekly update for the Big Bear real estate market as of 12/15/2008. The number of residential properties listed for sale in Big Bear now stands at 1046, up 13 from 1033 last week. Though it did go up over the past week, I still expect this number to dip under 1000 as we head into the first four months of 2009. The number of houses in escrow now stands at 100 (10.4% of the total listings), identical to last week, while the number of closed sales stands at 638 year-to-date, up 11 from last … [Read more...]
Absorption Rates For The Big Bear Real Estate Market – November 2008
December 14, 2008 by 1 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. There is an easy to understand article here describing what the absorption rate is and what it means for the real estate market. In simplistic terms, it is a mathematical equation that tells the amount of time it will take for a … [Read more...]
Even Andy Rooney Knows How to Sell A Home In Big Bear
December 13, 2008 by Leave a Comment
Selling a home in Big Bear should be easy, at least according to Andy Rooney. I remember seeing this video last year and laughing when he reviewed all the self help books he has received over the years. When he gets to the "Tips on selling a House" book, around the 1:10 part of the video, he gives his simple, yet very true, advice, "you don't need 1001 tips on how to sell your home, just lower your price and your home will sell." Seems simple and easy enough, right? Now I understand that not everyone can lower … [Read more...]
Big Bear Neighborhood Overview – Castle Glen Estates
December 9, 2008 by Leave a Comment
The Castle Glen neighborhood is one of the most sought after locations in all of Big Bear Lake. Generally referred to as a subarea of Fox Farm, Castle Glen is known as the area "up on the hill" above Stater Bros. It also borders Hwy. 18 along the Baker Pond section of Big Bear Lake. History of Castle Glen Castle Glen, which consists of a total of 245 parcels, was first developed at the end of 1998 in the hilltop area previously referred to as 'Rebel Ridge.' Lot prices in the first phase ranged from $39,900 up to … [Read more...]
Big Bear Real Estate – Monday Market Update For 12/8/2008
December 8, 2008 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 12/8/2008. The number of residential properties listed for sale in Big Bear now stands at 1033, down from 1049 last week. There was a large drop the past two weeks because many home listings expired from the market around the Dec. 1 time frame. The number of homes for sale in Big Bear will continue to go down in the winter months as the market slows down. Winter is not the best time to sell so many sellers will take their homes off of the … [Read more...]
Big Bear Home Sales – November 2008
December 4, 2008 by Leave a Comment
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...]
