Foreclosure filings in Big Bear rose in June 2010, up 25% when compared to May, continuing the zig-zag uncertainty of the Big Bear foreclosure market. Year over year, foreclosure filings were down 12% from the June 2009 numbers, the sixth straight month that foreclosure filings were down year over year. Notices of sale saw a big spike while notices of default were up modestly. The number of properties going back to the bank in June was the lowest we've seen since February 2009. Keep in mind, foreclosure filings … [Read more...]
Big Bear Foreclosure Numbers – May 2010
June 26, 2010 by Leave a Comment
Foreclosure filings in Big Bear dropped significantly in May 2010, down 32% when compared to April. And year over year, foreclosure filings were down 46% from the May 2009 numbers, the fifth straight month that foreclosure filings were down year over year. This is a welcome sign for an otherwise slow moving Big Bear real estate market. 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 … [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...]
Is Your Big Bear Realtor a Local, or a Tourist?
April 12, 2010 by 4 Comments
Using a Realtor that lives and works out of the Big Bear area, is like hiring a tourist as a site seeing guide. They can't tell you about the history of the homes that you are interested in since they have never seen them before. Chances are, they may not even be able to find them to show them to you. They may not know the difference between a raised perimeter foundation and a slab. They might tell you that all areas of Big Bear are the same. How can they tell you about the recent homes that have sold, when they … [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...]
Big Bear Home Sales – February 2010
March 8, 2010 by 2 Comments
Home sales in Big Bear remained relatively stable in February 2010 with no major shifts either way. Big Bear Home Sales Home sales in February were up a modest 7% when compared to the January sales (61 v. 57), and year over year, sales about 5% from the February 2009. Compared to Feb. 2008, however, sales were up 80%, further proof that 2008 was the bottom for number of sales. As for the pricing bottom, that remains to be seen. 24, or 39%, of the 61 home sales in Big Bear were bank owned, about 7% less than … [Read more...]
Big Bear Foreclosure Numbers – January 2010
February 28, 2010 by Leave a Comment
Foreclosure filings in Big Bear were down 14% in January 2010 when compared to December 2009. Year over year, foreclosure filings were down 7% from the January 2009 numbers. This is kinda big news as it is the first time in more than a year that I can recall the overall foreclosure filings down year over year. A sign of things getting better? I don't think so. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which … [Read more...]
Big Bear Bank Owned Concerns
February 20, 2010 by 1 Comment
If you are considering purchasing a home in today’s market, the odds are pretty good you will be looking at a bank owned home. In Big Bear only 10% of the homes listed are bank owned homes, yet they make up 40% of the homes sold. Simply put, bank owned homes drive the market. In many cases, the traditional seller cannot afford to price his property at a competitive level with the bank owned properties in his neighborhood. So, for the time being, bank owned properties are going to be getting the bulk of buyer’s … [Read more...]
2009 Big Bear Real Estate Market Recap
January 23, 2010 by Leave a Comment
The real estate market in Big Bear for 2009 can be summed up in 9 words - Sales up, Prices down but stabilizing, & Inventory shrinking. Did you count? :). Big Bear home sales rose 33% in 2009 while the median and average sales prices dropped 17% from the 2008 numbers. Year to Year Comparison Year # of Homes Sold Median Sales Price Average Sales Price Days on Market List Price to Sales … [Read more...]
