The number of homes for sale in Big Bear continued its upward rise in June. The median sales price jumped around again, something we've seen a lot of the past 6 months, while the average sales price remained nearly the same, and Big Bear homes sales picked back up in June. Big Bear Home Sales Home sales in June were up 24% when compared to the May sales (72 v. 58). That is a nice increase but considering May was one of the slowest months we've seen the past year, 72 home sales is about average for Big Bear right … [Read more...]
Big Bear Home Sales – May 2010
June 9, 2010 by 1 Comment
The number of homes for sale in Big Bear rose significantly in May, the second straight month we've seen the increase. Combine that with the 55 homes sold in May, the lowest number we've seen since January 2009, and it is not the type of combination you want if you are looking for an improving real estate market in Big Bear. One of the bright spots for sellers has been the limited inventory, or competition. But, that is slowly going dim. Big Bear Home Sales Home sales in May were down 28% when compared to the … [Read more...]
Big Bear Foreclosure Numbers – March 2010
April 30, 2010 by Leave a Comment
Foreclosure filings in Big Bear rose 12% in March 2010 when compared to February. Year over year however, foreclosure filings were down 3% from the March 2009 numbers, the third month in a row 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 their payments. Notices of Sale (NOS), a recorded document that is … [Read more...]
Best Doesn’t Mean Highest – The Truth Behind Multiple Offers
April 20, 2010 by 1 Comment
Bank owned listings are accounting for almost 50% of the sales in the Big Bear area. Multiple offers are becoming the norm on these aggressively priced properties and the buyers are having to learn a new strategy of making offers and counter offers. Gone are the days of endless counter offers back and forth between the buyers and sellers. Receiving a best and final counter offer is what a buyer can usually expect and there are some things that you should know when responding to these bank counters. Highest … [Read more...]
Big Bear Home Sales – March 2010 & First Quarter 2010
April 11, 2010 by Leave a Comment
Home sales in Big Bear jumped in March 2010. First quarter sales are up while prices are still down. Big Bear Home Sales Home sales in March were up 18% when compared to the February sales (73 v. 62). Year over year, sales are up 26% from March 2009, encouraging news for the market. Compared to March 2008, sales were up 49%! 34, or 47%, of the 73 home sales in Big Bear were bank owned, about 8% more than last month and one of the highest months for bank owned sales in Big Bear we've seen in the past 6 months. … [Read more...]
Five Mistakes Buyers Make When Buying In Big Bear
April 9, 2010 by Leave a Comment
Buying a home can be a confusing process for somebody who has not been through it several times. There are so many things to consider and so much paperwork to be completed before a transaction can be fully completed. If a buyer is not prepared for all the eventualities, it can be a very trying experience. In order to make the process as smooth as possible, I am going to list five major mistakes that many buyers make. 1. Not being pre-approved. In my mind, this is the biggest mistake a buyer can make. Most sellers … [Read more...]
Big Bear Foreclosure Numbers – February 2010
March 21, 2010 by 4 Comments
Foreclosure filings in Big Bear jumped 23% in February 2010 when compared to January. Year over year however, foreclosure filings were down 22% from the February 2009 numbers, the second 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 their payments. Notices of Sale (NOS), a recorded document … [Read more...]
