Selling a home in Big Bear should be easy, at least according to Andy Rooney. I remember seeing this video last year and laughing when he reviewed all the self help books he has received over the years. When he gets to the "Tips on selling a House" book, around the 1:10 part of the video, he gives his simple, yet very true, advice, "you don't need 1001 tips on how to sell your home, just lower your price and your home will sell." Seems simple and easy enough, right? Now I understand that not everyone can lower … [Read more...]
Big Bear Real Estate – Monday Market Update For 12/8/2008
December 8, 2008 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 12/8/2008. The number of residential properties listed for sale in Big Bear now stands at 1033, down from 1049 last week. There was a large drop the past two weeks because many home listings expired from the market around the Dec. 1 time frame. The number of homes for sale in Big Bear will continue to go down in the winter months as the market slows down. Winter is not the best time to sell so many sellers will take their homes off of the … [Read more...]
Big Bear Home Sales – November 2008
December 4, 2008 by Leave a Comment
Home sales in Big Bear for November 2008 (50 total) dropped 25% as compared to the same month last year, and fell 32% from the October 2008 home sales number of 73. This is a pretty big drop in sales activity, which is most likely a result of all the negative economic news over the past 60+ days. Typically, November & December are the best two months of the year for closings. The median price for the homes sold was $240,287, down 6% from Oct. 2008 and also down 15% from Nov. 2007. The median price has been … [Read more...]
Big Bear Real Estate – Monday Market Update For 12/1/2008
December 1, 2008 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 12/1/2008. The number of residential properties listed for sale in Big Bear now stands at 1049, down from 1067 last week. The reason for the drop was there were 30 expired listings (properties that did not sell) this morning. It would have been nice if this drop was due to 30 new pending sales, but it was not the case. It is pretty typical to see this amount of expired listings show up at the beginning of the month, as many listing contracts … [Read more...]
Big Bear Real Estate – Monday Market Update For 11/24/2008
November 24, 2008 by Leave a Comment
Below is an update for the Big Bear real estate market as of 11/24/2008. The number of residential properties listed for sale in Big Bear now stands at 1067 total. This is only up one from last week so not a big shift either way. I do expect this number to go down in the winter months as the market slows down. A lot of people think our market is good during the winter months as it is the peak skiing season. The fact is the winter months are the slowest months of the year for real estate in Big Bear. Driving … [Read more...]
Pricing Your Big Bear Home – Get Ahead Of The Buyer Train
November 18, 2008 by 5 Comments
One of the most common mistakes sellers make in this market is overpricing their home. It is human nature to think ours is better than the others. In real estate however, the numbers speak for themselves. The quote, "Liars figure, but figures never lie" seems appropriate. The biggest risk with overpricing a home now is that every month the home in on the market the price moves farther down, sometimes 1-2% (for Big Bear) per month. Many times sellers start out too high, and then reduce only to see that they are … [Read more...]
Searching For Real Estate In Big Bear Just Got A Whole Lot Better
November 15, 2008 by Leave a Comment
Searching for real estate in Big Bear is getting easier everyday. With more access to the data, consumers are starting to see the full picture of what is going on in a particular real estate market. I recently signed up for a map based IDX MLS search product from Diverse Solutions. For those not familiar with IDX, it stands for internet data exchange. It is essentially an agreement between real estate brokers in the same MLS which permits each broker to share their listings in eachother's online advertising … [Read more...]
Big Bear Home Sales – October 2008
November 6, 2008 by Leave a Comment
Home sales in Big Bear increased 28% in October 2008 as compared to the same month last year, but fell 11% from the September 2008 home sales number of 82. Though it is down, it was still the second best month for homes sales in Big Bear this year. The median price for the homes sold was $255,000, up 12% from Sept. 2008 but down 18% from Oct. 2007. The median price has been quite sporadic the past 6 months, ranging between $205,000 to $290,000. With such a limited amount of sales, any slight variation can throw … [Read more...]
Pricing A Property In Big Bear – Follow Your Real Estate Gut
November 3, 2008 by 1 Comment
Pricing a property in Big Bear is a lot different than your standard tract home or primary home location. The fact is that the properties in Big Bear can be dramatically different, even when they are in the same location. We have many areas with big homes next to small homes, old homes next to new homes, homes on the lake and homes off it, homes with ski slopes views and home with out a view. There are very few locations that contain homes with a lot of commonality between them. Areas with upscale, newer homes … [Read more...]
