More and more short sales are getting approved in the Big Bear real estate market these days. Banks simply don't want to take a property back and by completing a short sale the banks save time, money, and they get the property off their books. As a seller, you avoid the stress of a lengthy foreclosure process and you can preserve your credit rating. What is a Short Sale? A short sale is a procedure in which the borrower is allowed to sell the property for an amount less than which is owed in order to avoid … [Read more...]
Secrets to a Successful Big Bear Short Sale: The Application Process
May 20, 2009 by Leave a Comment
Moonridge Is The Location Many Buyers Prefer.
May 19, 2009 by Leave a Comment
There are many reasons buyers pick Moonridge as the location they want to own a primary or second home. Maybe it's the proximity to Bear Mountain Ski Resort, the Moonridge Zoo, the Bear Mountain Golf Course, Snow Summit, Shopping Centers, Restaurants and the National Forest. Moonridge truly has it all, it might be the abundance of tall Pinion Pines, or the mountainous terrain that let's them know they are not in the city. Many Moonridge locations have ski slope views or lake views that are not available in other … [Read more...]
Big Bear Real Estate Monday Market Update For 5/18/2009
May 18, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 5/18/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 904 +6 156 +11 252 +11 VACANT LAND 375 +1 12 +2 12 +1 CONDOS 57 0 6 0 7 0 GOVERNMENT LEASE 14 +1 1 0 0 0 COMMERCIAL & RES INVESTMENT 62 -3 2 -1 8 +1 BUSINESS OPPORTUNITY 14 0 1 0 0 0 TOTAL 1426 +5 178 +12 279 +13 These are the quick stats for the week - 36 new residential … [Read more...]
Big Bear Lake First-Time Home Buyer Down Payment Assistance Program
May 17, 2009 by 4 Comments
First-time home buyers are getting a lot of help these days. We already have the $8,000 home buyer tax credit. Then, the California Association of Realtors launched the C.A.R. Mortgage Protection Plan last month. The City of Big Bear Lake is getting into the mix as well. As proposed by the Big Bear Lake City Council Improvement Agency, the first-time home buyer down payment assistance program will provide for an advance of up to 5% or $19,000 (whichever is less) towards the buyer's down-payment on a primary … [Read more...]
Why I Love Sugarloaf
May 16, 2009 by 2 Comments
Since Big Bear is primarily a second home market, most buyers are not completely familiar with all of the different neighborhoods and their characteristics. Like any town, Big Bear's property values can vary widely from area to area. In Big Bear, as a general rule, prices become less the farther East you go away from the lake. For folks in the 300k and under range, this makes the neighborhoods of Big Bear City, Sugarloaf, and Erwin Lake areas where they can definitely get quite a bit more for their money. Because … [Read more...]
Big Bear Foreclosure Numbers – April 2009
May 14, 2009 by Leave a Comment
The foreclosure filings for Big Bear (notices of default, notices of trustee sale, and properties that went back to the bank) in April 2009 were down 5% as compared to March 2009. But, they were up 20% when compared to April 2008, or year over year. There were a total of 92 properties in the Big Bear area that received a notice of default in April, which is down 14% from the all-time high we saw in March 2009. Even though there was a decline, 92 is still on the very high end of the range (see the chart below) … [Read more...]
Big Bear Real Estate Monday Market Update For 5/11/2009
May 11, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 5/11/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 898 +5 145 +9 241 +13 VACANT LAND 374 +4 10 -1 11 +1 CONDOS 57 +1 6 0 7 0 GOVERNMENT LEASE 13 +1 1 -1 0 0 COMMERCIAL & RES INVESTMENT 65 +5 3 -2 7 +2 BUSINESS OPPORTUNITY 14 0 1 0 0 0 TOTAL 1421 +16 166 +5 266 +16 These are the quick stats for the week - 44 new … [Read more...]
Big Bear Home Sales – April 2009
May 7, 2009 by Leave a Comment
Big Bear Home Sales Home sales in Big Bear jumped up 22% in April 2009 as compared to the same month last year, from 50 in April 2008 vs. 61 in Apirl 2009. Also, when compared to the March 2009 home sales, they were up 13% (54 vs. 61). Any rise is sales is always a welcome sign, but a leveling off or rise in prices would be better for home sellers. Year to date, sales are are still up 40% from 2008 (163 vs. 228). 31, or 51%, of the 61 home sales in Big Bear were bank owned while 5, or 8%, were short sales. That … [Read more...]
Big Bear Real Estate Monday Market Update For 5/4/2009
May 5, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 5/4/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 893 -8 136 +9 228 +12 VACANT LAND 370 -1 11 +1 10 0 CONDOS 56 +12 6 0 7 0 GOVERNMENT LEASE 12 -1 2 +1 0 0 COMMERCIAL & RES INVESTMENT 60 -2 5 0 5 0 BUSINESS OPPORTUNITY 14 -1 1 0 0 0 TOTAL 1405 -1 161 +11 250 +12 These are the quick stats for the week - 38 new residential … [Read more...]
Big Bear Real Estate Monday Market Update For 4/27/2009
April 27, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 4/27/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 901 +13 127 -6 216 +23 VACANT LAND 371 -6 10 0 10 +2 CONDOS 44 +2 6 +1 7 +1 GOVERNMENT LEASE 13 0 1 +1 0 0 COMMERCIAL & RES INVESTMENT 62 -3 5 0 5 +1 BUSINESS OPPORTUNITY 15 0 1 0 0 0 TOTAL 1406 +6 150 -4 238 +27 These are the quick stats for the week - 42 new residential … [Read more...]
