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...]
Big Bear Home Sales – December 2009
January 19, 2010 by Leave a Comment
Big Bear Home Sales Sorry I've been so late on posting these. To say things are busy right now in the Big Bear real estate market would be a huge understatement. So, here we go. Big Bear home sales slipped a bit in December but overall still remain strong. Home sales in December were down 10% when compared to the November sales (79 v. 88), but were up 93% when compared to the same month last year (79 v. 41). The second number really shows you how much better sales are doing this year compared to last year. … [Read more...]
Lack of Buyers?
January 9, 2010 by 2 Comments
Click here to see embedded video. Nope. There are actually plenty of buyers out there in this market. There are, however, very few willing to pay the over-inflated asking price of many sellers. The reality is there are very few realistic sellers on the market. We don't have a lack of buyers. Rather, we have a lack of realistically priced properties for buyers to choose from. Related Articles Should I Price It Firm Or Flexible? Actions Speak Louder Than Words In Real Estate The Right Asking Price Makes All … [Read more...]
The Jewel of the San Bernardino Mountains
January 7, 2010 by 1 Comment
Okay. You have thought it all out. You have spent a great deal of time working the numbers and speaking with your friends and family. You are ready to take the next step and purchase a cabin in the mountains. Of course you already know about Big Bear Lake, as it is one of the premier vacation destinations in California. As a matter of fact, you have probably been there numerous times since you were a child and have a ton of great memories. You are already leaning towards Big Bear as the logical place to buy, but … [Read more...]
Always nice coming home to him and her
December 13, 2009 by Leave a Comment
IMG_0324.MOV Watch on Posterous … [Read more...]
Big Bear Foreclosure Numbers – November 2009
December 12, 2009 by 4 Comments
Foreclosure filings in Big Bear were down 28% in November 2009 when compared to the previous month. Year over year, foreclosure filings were up 23% from the November 2008 numbers. Notices of default dropped to the lowest number we've seen in a year, while notices of sales and trustee sales back to the bank remained near their monthly average. There are several potential reasons for the drop in defaults - the lull of the holiday season, banks giving borrowers more time and options to resolve the delinquent … [Read more...]
Big Bear Home Sales – November 2009
December 6, 2009 by Leave a Comment
Big Bear Home Sales Big Bear home sales remained strong in November as the real estate market appears to be hitting its stride. Home sales in November were down 6% when compared to the October sales (88 v. 94), but were up a whopping 76% when compared to the same month last year (88 v. 50). Historically, these numbers are on the low end. But, comparing them to the number of monthly sales over the past couple years, they are stronger and a welcome sign. 27, or 31%, of the 88 home sales in Big Bear were bank … [Read more...]
Buying Properties At An Auction – Waste Of Time or Hidden Gems?
December 5, 2009 by 1 Comment
On the whole, I say a big old waste of time. But let's be clear on what kind of auctions we are talking about. 1. Trustee Sale Auctions (Foreclosure Auctions) These are the auctions sold at the court house steps. This is the third step (behind notice of default and notice of sale) of the foreclosure process in CA, where bidders can show up and purchase the lien position (specific rights) to the property. From my experience, there is a lot of opportunity at these type of auctions. But, with opportunity comes … [Read more...]
