It has been over 6 months since my last Monday market update so I figured, why not start it up again today? Below is an update for the Big Bear real estate market as of 11/17/2008. The number of residential properties listed for sale in Big Bear now stands at 1066 total. It is interesting that this number is relatively low. A lot of people I talk to seem to think there is so much for sale right now when in fact this number was much higher, near 1500, last year at the same time. The real story is that a lot of … [Read more...]
MLS Data vs. Public Records – Which Can You Trust?
October 18, 2008 by 5 Comments
News about the real estate market is huge these days. There is a lot of talk about prices going down, sales going down, and lots of numbers to prove the point. But, are these numbers legit? I use the Big Bear MLS to substantiate a lot of the real estate data that I provide on the Skinny. Pulling sales data from the MLS only provides part of the story however. One of the biggest problems with the Big Bear MLS data is that it does not include all of the sales in the area. Along with the increase in REO … [Read more...]
Big Bear Home Sales For February 2008
March 2, 2008 by 2 Comments
The real estate market in Big Bear continues to move along at a very slow place. Even with the extra day this February, home sales in Big Bear last month totaled only 28 31 (some late entries), one two more less than the number sold in January. The median price for properties listed for sale was up 1% from $339,900 to $345,000, while the median sales price for the homes sold in February was down 13 10% from the previous month, $250,000 $260,000 as compared to $287,500 in January. This is still the lowest monthly … [Read more...]
Meadowbrook Estates Home Sales For 2007 In Big Bear
February 1, 2008 by 4 Comments
Below are the home sales statistics for 2007 in Meadowbrook Estates. The last sale was in August so things have definitely been quiet in the area since then. Currently, there are 13 homes for sale in the Meadowbrook Estates area, ranging in price from $750,000 to $1,695,000. The sizes range for about 2,000 sqft. to 4,500 sqft. This is the perfect area for buyers looking for space and privacy with all the amenities. All of the properties in Meadowbrook Estates are a minimum of one acre of land, most of … [Read more...]
When Is The Best Time To Buy A Home In Big Bear?
January 23, 2008 by Leave a Comment
This is one of the most asked questions I hear from clients when determining the best time to buy a property in the Big Bear area. Trying to time the market, especially in today's real estate market, seems to be an inherent characteristic of most buyers. I recommend looking now to get a feel for the current market options that are available. Be particular for the right deal. Look for the options that might have some built-in equity already in the price (there are some of these out there). If you do not find the … [Read more...]
How Serious Of A Seller Are You?
January 8, 2008 by Leave a Comment
If you are considering selling your Big Bear property, then you will need to consider the following question: Do you absolutely have to sell this home? If the answer to this question is "no", then I would suggest not even trying to sell in the current real estate market conditions. This real estate market is for serious sellers only. What is a serious seller you might ask? A serious seller is someone who has to sell no matter what is going on with the market. A serious seller is willing to price their property … [Read more...]
Thinking of Selling Your Big Bear Home? How Does 2010 Sound?
January 4, 2008 by 3 Comments
If you are thinking of selling your Big Bear home, you may want to take a look at the absorption rate of homes that are currently for sale. This is a great way to become more informed on the local real estate market, whether your are buying or selling. 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 the amount of time it will take for a specified set amount of properties to be absorbed under current real … [Read more...]
Big Bear Real Estate Market Stats – Vacant Land Sales For 2007
December 31, 2007 by 2 Comments
As mentioned previously, the real estate market for Big Bear in 2007 will go down as the the slowest year for sales over the last 20 years. In particular, vacant land has appeared to have the biggest drop off in sales activity as compared to single family homes. Each neighborhood in Big Bear is unique and is a special niche. But, the vacant lots that used to fly off the market just a few years ago in areas like Meadowbrook Estates, Castle Glen, Eagle Point Estates, and lakefront properties are now sitting on the … [Read more...]
