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Big Bear Real Estate Monday Market Update For 2/16/2009

Below is your weekly update for the Big Bear real estate market as of 2/16/2009 (Happy President's Day!). Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 909 +5 121 -8 70 +13 VACANT LAND 345 +1 10 -1 2 +1 CONDOS 46 -1 7 +1 1 0 GOVERNMENT LEASE 12 0 0 0 0 0 COMMERCIAL & RES INVESTMENT 52 0 4 0 0 0 BUSINESS OPPORTUNITY 11 0 0 0 0 0 TOTAL 1375 +5 142 -8 73 +14 A few notes about the market - Home sales … [Read more...]

Big Bear Home Sales – January 2009

Home sales in Big Bear for January 2009 (47) were up 37% as compared to January 2008 (30), and 13% compared to December 2008 (41). January is normally one of the 4 slowest months of the year for sales so this is pretty good news all things considered. 25, or 59%, of the 47 home sales in Big Bear,  were either bank owned or short sales.  This is up from 44% of the total sales last month.  I suspect this number will continue to rise this year. Not great news but we have to get them sold in order to get through this … [Read more...]

Big Bear Real Estate – Monday Market Update For 2/2/2009

Below is your weekly update for the Big Bear real estate market as of 2/2/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 906 -24 126 +7 40 +10 VACANT LAND 334 -11 13 +3 0 0 CONDOS 48 -1 6 0 1 0 GOVERNMENT LEASE 11 0 0 0 0 0 COMMERCIAL & RES INVESTMENT 50 -1 3 0 0 0 BUSINESS OPPORTUNITY 11 0 0 0 0 0 TOTAL 1360 -37 148 +10 41 +10 A few notes about the market - Residential properties are … [Read more...]

No, It Is Not Always A Great Time To Buy Real Estate

[viddler id=99a7b553&w=545&h=349] Yes, you heard right.  There are times when buying real estate may not be the best move.  But, as pointed out in the video above, the decision should be unique to each buyer. If your only motivation is to get the best deal, then waiting right now could be prudent. However, there are plenty of buyers out there motivated by different objectives - getting the right location, getting a home before a certain time frame ends, getting a particular type of home or view, getting … [Read more...]

Big Bear Real Estate – Monday Market Update For 1/26/2009

Below is your weekly update for the Big Bear real estate market as of 1/26/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 930 -6 119 +6 30 +9 VACANT LAND 345 +6 10 +1 0 0 CONDOS 49 -2 6 +1 1 0 GOVERNMENT LEASE 11 0 0 0 0 0 COMMERCIAL & RES INVESTMENT 51 -1 3 0 0 0 BUSINESS OPPORTUNITY 11 -1 0 0 0 0 TOTAL 1397 -4 138 +8 31 +9 A few notes about the market - Of the 15 residential properties … [Read more...]

Big Bear Real Estate – Monday Market Update For 1/19/2009

Below is your weekly update for the Big Bear real estate market as of 1/19/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 936 0 113 -2 21 +15 VACANT LAND 339 +1 9 +1 0 0 CONDOS 51 0 5 +3 1 0 GOVERNMENT LEASE 11 0 0 0 0 0 COMMERCIAL & RES INVESTMENT 52 +1 3 -1 0 0 BUSINESS OPPORTUNITY 12 -2 0 0 0 0 TOTAL 1401 0 130 +1 22 +15 A few notes about the market - The residential inventory leveled off … [Read more...]

Big Bear Real Estate – Monday Market Update For 1/12/2009

Below is your weekly update for the Big Bear real estate market as of 1/12/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 936 -18 115 +9 6 +6 VACANT LAND 338 -3 8 +2 0 0 CONDOS 51 +3 2 -1 1 +1 GOVERNMENT LEASE 11 0 0 0 0 0 COMMERCIAL & RES INVESTMENT 51 +1 4 -1 0 0 BUSINESS OPPORTUNITY 14 -1 0 0 0 0 TOTAL 1401 -18 129 +10 7 +7 A few notes about the market - The residential inventory … [Read more...]

Big Bear Real Estate Market – 2008 Breakdown

Below is the breakdown for the Big Bear real estate market in 2008. Big Bear Home Sales As previous mentioned on this blog, the residential sales, or homes sales, made up a significant amount of the sales in 2008, nearly 85% of the total market. Year # of Homes Sold % Change Median Sales Price % Change Average Sales Price % Change Days on Market List Price to Sales … [Read more...]

Everyone Wants A Deal When Buying Real Estate

I get that.  I would too. I have never had a buyer client say I want to overpay for a property.  It is rare that they even want to pay fair market value. While everyone wants a deal, very few buyers will actually act accordingly when a deal presents itself.  Buyers tend to get caught up more in the list price / offer price / sales price than the market value, so much so that when the right deal does come up, they miss it. The fact is that even in this "horrible" market, there are still an average of 50 buyers … [Read more...]

Big Bear Real Estate – Monday Market Update For 1/5/2009

Below is your weekly update for the Big Bear real estate market as of 1/5/2009, the first one for 2009! Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 954 -79 106 +8 0 n/a VACANT LAND 341 -36 6 -1 0 n/a CONDOS 48 -4 3 0 0 n/a GOVERNMENT LEASE 11 0 0 0 0 n/a COMMERCIAL & RES INVESTMENT 50 -3 5 -1 0 n/a BUSINESS OPPORTUNITY 15 0 0 0 0 n/a TOTAL 1419 -170 120 +6 0 n/a A few notes about the market … [Read more...]