Click here to see embedded video. There are several ways to answer this question. From a seller's standpoint, the first four months of the year are the slowest for real estate sales in Big Bear. But, there is also less competition on the market during these months, which means there are less homes for buyers to choose from. It is always a good thing for sellers whenever you have less competition, even if these are fewer buyers out there. So, I'd say the best time to sell in Big Bear is going to be earlier in … [Read more...]
Another beautiful sunrise in Big Bear.
January 30, 2011 by Leave a Comment
Hello World, how ya been? … [Read more...]
5 Options for Big Bear Sellers
January 28, 2011 by Leave a Comment
Link to embedded video here. Seems like I go over this several times a week with potential sellers. What are their options in this real estate market? Here are my answers - 1. Sell it - easier said than done. This can be difficult to do if they bought it or refinanced it during the 2003 to 2008 range as many owe more than the market value. 2. Sit & wait it out - not the best choice in my opinion as I don't see any reason things will be better over the next couple year. There number of properties … [Read more...]
Beautiful morning on the east side!
January 3, 2011 by Leave a Comment
Sunrise in Big Bear from Meadowbrook Estates on 1/3/2011 around 6:40 AM … [Read more...]
Big Bear Market Absorption Rate – 7.7 Months
December 13, 2010 by Leave a Comment
The absorption rate for the Big Bear real estate market now stands at 7.7 months. With 93 homes sales in November, and approximately 715 homes for sale in the area, the market is starting to come in line with a "normal" market, though it is still leaning in favor of buyers. Why is this important? Knowing the absorption rate will tell you what the real estate conditions are like in a particular price range and area. If you are selling your property, this can help when determining the demand in your area or price … [Read more...]
Big Bear Home Sales – November 2010
December 11, 2010 by Leave a Comment
Big Bear home sales hit their highest mark this year with a total of 93 sales in November. The median sales price rose considerably, up 32% from October, while average sales price remained stable. Big Bear Home Sales Home sales in November (93) were up 18% when compared to the October sales (79). Year over year, sales were up just 2% from November 2009 (91). 26, or 28%, of the 93 sales were bank owned, down 12% from last month. 16 of the sales, or 17%, were short sales, which is 8% more than last month and the … [Read more...]
Big Bear Foreclosure Numbers – October 2010
November 22, 2010 by Leave a Comment
Foreclosure filings for Big Bear dropped in October 2010, down 17% when compared to September, a sizable chunk which continues the zig-zag movement of the Big Bear foreclosure market over the past year. Year over year, foreclosure filings were down 33% from the October 2009 numbers, the tenth straight month that foreclosure filings were down year over year. Foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed … [Read more...]
