Home sales in Big Bear remained relatively stable in April 2010 while prices dropped pretty significantly. Big Bear Home Sales Home sales in April were up 3% when compared to the March sales (76 v. 74). Year over year, sales are up 21% from April 2009, more good news for the market. Compared to April 2008, sales were up 52%! 32, or 42%, of the 76 home sales in Big Bear were bank owned, about 5% less than last month. 40-50% per month is about the average we've been seeing for a while now. 11 of the sales, or … [Read more...]
2 Things That Do Not Affect Big Bear Real Estate Values
May 3, 2010 by Leave a Comment
Click here if you cannot see the embedded video. 1. What the seller paid for it. 2. What the seller needs to get out of it. The market value is what it is, and has no relation to what the seller got it for, or what they owe or need to get out of it. While it may determine whether or not a buyer wants to buy it, or whether or not a seller wants to sell, it does not change the current market value. Your thoughts? … [Read more...]
The Case Against Waiting To Sell Your Big Bear Home
April 23, 2010 by Leave a Comment
Click here for direct link to the video. … [Read more...]
“But My Neighbors Are Asking A Lot More For Their Homes”
March 9, 2010 by Leave a Comment
I get that response a lot from sellers when we talk about the current value of their home. And my reply, "the same neighbors who have been on the market 6-12 months without selling?" If you are going to compare prices with neighbors, make sure you are comparing with the ones that are currently in escrow, or those who have sold over the past 3 months, as those are the realistic prices being sold today. Can't see embedded video? Click here. … [Read more...]
Big Bear Home Sales – February 2010
March 8, 2010 by 2 Comments
Home sales in Big Bear remained relatively stable in February 2010 with no major shifts either way. Big Bear Home Sales Home sales in February were up a modest 7% when compared to the January sales (61 v. 57), and year over year, sales about 5% from the February 2009. Compared to Feb. 2008, however, sales were up 80%, further proof that 2008 was the bottom for number of sales. As for the pricing bottom, that remains to be seen. 24, or 39%, of the 61 home sales in Big Bear were bank owned, about 7% less than … [Read more...]
The Seclusion Factor – Tips on Finding a Great Setting for Your Big Bear Cabin
March 6, 2010 by Leave a Comment
The first thought most people have when thinking of a mountain cabin is a secluded, charming place in the middle of the woods. Most buyers are looking for a place to escape from the city and hustle and bustle they live in. Obviously, a secluded cabin would be the best way to make sure you will have a place to relax, uninterrupted in the mountains. Seclusion goes hand in hand with with the setting and the peace and quiet that buyers in Big Bear are looking for. While secluded cabins in the woods do exist in Big … [Read more...]
Does Your Big Bear Property Stand Out Like A Purple Cow?
March 5, 2010 by Leave a Comment
If you want to sell, it should. Here are a couple thoughts I have to help it stand out. Can't see the embedded video? Click here. … [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...]
The Termite Inspection Report – More Than Just A Negotiable Item
May 26, 2009 by 2 Comments
Would you agree to do repairs on a property without actually knowing how much they are going to cost? I think "no" would be the most popular answer. Yet, many sellers in Big Bear agree to pay for a termite report & clear section 1 without knowing how much it is going to cost them. What is a termite report & clear section 1? Termite reports are performed on nearly every home sale in Big Bear. In this inspection, licensed inspectors will look for any active infestation of termites, dry rot, or fungus … [Read more...]
