Big Bear Home Sales For the second month in a row, Big Bear home sales are near their two year high. Home sales in October were down 3 % when compared to the September sales (94 v. 92), but were up 26% when compared to the same month last year (92 v. 73). June thru October have been the strongest selling months we've seen during this down market. While it is still a lot slower than the middle part of the decade (we were selling 150-300 homes per month then), and this is typically the busiest time of the year … [Read more...]
Big Bear Home Sales – September 2009 & Third Quarter 2009
October 7, 2009 by 2 Comments
Big Bear Home Sales In typical fashion for today's volatile real estate market, September home sales in Big Bear hit a 2 year high with 92 homes sold. Home sales rose 19% when compared to the August numbers (92 v. 77), and were up 12% when compared to September 2008 (92 v. 82). The peak selling season is July thru October so increased sales are not to be unexpected during this time frame. But, the last 4 months have also been the strongest stretch we've seen in quite a while. I believe this increase in sales … [Read more...]
Big Bear Home Sales – August 2009
September 6, 2009 by 2 Comments
Big Bear Home Sales Big Bear home sales dropped in August from the 2-year high we saw in July. Home sales fell 14% when compared to the July numbers (75 v. 87), but were up 25% when compared to August 2008 (75 v. 60). Even with the drop in sales month over month, sales are still pretty strong all things considered. They are certainly not close to the sales numbers we saw 4-7 ago (averaging about 175 per month). It is typical to see sales pick up in the June to October time frames as that is our selling … [Read more...]
Big Bear Home Sales July 2009
August 9, 2009 by 2 Comments
Big Bear Home Sales Big Bear home sales hit a two year high in July 2009. Home sales rose 9% when compared to the June numbers (84 v. 77), and 35% when compared to June 2008 (84 v. 62). This is great news for the Big Bear real estate market as it is the second strong month for home sales. Even if prices are still a bit volatile, strong sales are always positive sign. It is important to keep in mind that in a normal market, sales should be in the range of 150-200 per month. We are still a long ways from that. 29, … [Read more...]
Recent Sales Numbers Around the Big Bear Valley Area
June 7, 2009 by Leave a Comment
We're halfway through 2009 so I figured it would be helpful to give you an update on the activity over the first two quarters of the year. I've broken down some data for the different areas of Big Bear and here's what stands out in my opinion. Big Bear Lake Sales- 19 out of 57 buyers paid cash so far this year in Big Bear Lake. This includes Lakefront Sales. 19 were Bank Owned (REO) properties. Average Days on Market was 139. Average Price per Square Foot was $241.14/ft. As of today, there are 208 homes for … [Read more...]
Big Bear Home Sales – March & First Quarter 2009
April 5, 2009 by Leave a Comment
Big Bear Home Sales After a big jump the first two months of 2009, home sales in Big Bear for March 2009 (54) slowed down a bit. Sales were up just 10% as compared to March 2008 (49), but were down 5% from the Feb. 2009 home sales (57). Year to date though, sales are are still up 44% from 2008 (164 vs. 113). 28, or 52%, of the 54 home sales in Big Bear were bank owned and 5, or 9%, were short sales. The 21, or 39%, other home sales in March 2009 were the organic sales. Expect the bank owned & short sale … [Read more...]
Big Bear Home Sales – February 2009
March 8, 2009 by
Home sales in Big Bear for February 2009 (57) were up 68% as compared to February 2008 (34), and 21% compared to January 2009 (47). Year to date home sales are up 66%, not bad. The first four months of the year are the four slowest of the year, so the outlook this year is not as bad as you hear every day on the news. All real estate is local and this is good news for Big Bear. 27, or 47%, of the 57 home sales in Big Bear were bank owned and 5, or 8%, were short sales. The number of short sales in Big Bear … [Read more...]
Big Bear Real Estate Monday Market Update For 3/2/2009
March 2, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 3/2/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 887 -21 113 -2 99 +13 VACANT LAND 359 -2 9 -1 4 +1 CONDOS 45 -1 5 -1 2 +1 GOVERNMENT LEASE 12 0 0 0 0 0 COMMERCIAL & RES INVESTMENT 55 +1 4 0 1 0 BUSINESS OPPORTUNITY 13 +2 0 0 0 0 TOTAL 1371 -21 131 -4 106 +15 A few notes about the market - The residential inventory is … [Read more...]
Absorption Rates For The Big Bear Real Estate Market – January 2009
February 19, 2009 by Leave a 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 great way to become more informed on the current real estate market conditions in a particular area. In simplistic terms, it is a mathematical equation that tells you the amount of time it will take for a specified set amount of properties to be absorbed under current real estate market conditions. Generally speaking, the higher … [Read more...]
Absorption Rates For The Big Bear Real Estate Market – December 2008
January 18, 2009 by Leave a 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. In simplistic terms, it is a mathematical equation that tells the amount of time it will take for a specified set amount of properties to be absorbed under current real estate market conditions. I like to look at it from a monthly … [Read more...]
