Big Bear Real Estate Market Update The Big Bear real estate market is still moving along in a catfish-like manner. It goes up, down & side to side with no clear direction of travel. One thing's for sure, every month is different right now. Sales were up 14% in October compared to the same month last year but prices were down 9% and 14% for the median and average sales prices respectively. Below is a real estate market update for Big Bear thru October 31, 2011. Year # of Homes Sold Median Sales … [Read more...]
Big Bear Real Estate – Finding a Place in Big Bear To Call Your Own, Part 3
July 15, 2011 by Leave a Comment
The local Big Bear real estate market holds many potential opportunities. The correction in the market has opened up several exclusive neighborhoods to the average home buyer. Here’s a closer look at two of Big Bear’s upscale areas and why they’re great investments. The neighborhoods that make up Eagle Point are some of the most popular in Big Bear. Homes in this area include small cabins and homes located close to Meadow Park for the entry level buyer, custom lakefront and lake view homes for upper-end property … [Read more...]
Big Bear Real Estate Market Update – Thru May 2011
June 6, 2011 by Leave a Comment
It's been quite a while since I posted some stats on the Big Bear real estate market. To say things have been busy the last 8 months since my previous real estate market update would be an understatement. Things are busy in Big Bear, just not overly productive :-). "I am working twice as hard to make half as much," I like to say. But, I'm not complaining. That said, I had a buyer come in the office yesterday asking where to find my updated monthly sales stats for Big Bear. He was generally upset that I have … [Read more...]
2010 Big Bear Real Estate Market Breakdown
February 1, 2011 by Leave a Comment
Click here to see embedded video. PDF of the presentation. … [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...]
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...]
