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...]
Big Bear Home Sales – January 2010
February 8, 2010 by Leave a Comment
As expected, home sales in Big Bear dropped in January. Sales in January represent buying activity in November and December - and peak holiday season = slow home buying season. The median sales price dropped significantly as well. Big Bear Home Sales Home sales in January were down 29% when compared to the December sales (56 v. 79). On a brighter note, sales were up 10% when compared to the same month last year (56 v. 51). Given that January thru April are the 4 slowest months of the year for sales, this number … [Read more...]
When’s The Time Best Time To Sell A House In Big Bear?
January 24, 2010 by Leave a Comment
Unsaved.mp4 Watch on Posterous Here's my take. Agents - what do you tell your clients? … [Read more...]
When’s The Best Time To Sell A House In Big Bear?
January 24, 2010 by Leave a Comment
Click here if you cannot see embedded video. Guess it depends on how you look at it. The majority of home sales in Big Bear occur in the months between July and October, with the closings following 30-60 days after that. But, this is also when the market carries the largest amount of properties for sale. Another way to look at it - you have more buyers looking to buy but also more sellers looking to sell. Conversely, there are less buyers in the November to May time frame but also less sellers on the market … [Read more...]
