Ask an Expert, Big Bear Real Estate

Brutally Honest Big Bear Real Estate

8 New Bank Owned REO Homes Avaialble in Big Bear 11/14/2009

As of this morning, we have 53 bank owned  homes (REO’s) on the market, that’s only 7.14% of the 742 active listings. Please call or email if you want to purchase a bank owned home in Big Bear,

I will get you the best deal.

I can show you any home for sale in Big Bear.

Search the Big Bear MLS (Multiple Listing Service)

Search the Southern California MLS  (Multiple Listing Service)

Steve Hirschler

Associate, The Tim Wood Group

Coldwell Banker Mountain Gallery

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

stevehirschler@gmail.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

http://www.stevesellsbigbear.com

Follow me on Twitter

Subscribe to “Ask an Expert, Big Bear Real Estate Blog”

November 14, 2009 Posted by Steve | Bank owned in Big Bear, Big Bear Real Estate, Homes for Sale in Big Bear | , , | No Comments Yet

Do Mortgage Lenders Make More Money When a Loan Goes into Foreclosure? — dailypress.com

November 9, 2009 Posted by Steve | Big Bear Real Estate | | No Comments Yet

11 Homes Sold this Week in Big Bear 11/1/09 – 11/7/09

Click Here to see the details for these homes

I can show you any home for sale in Big Bear.

Search the Big Bear MLS (Multiple Listing Service)

Search the Southern California MLS  (Multiple Listing Service)

Steve Hirschler

Associate, The Tim Wood Group

Coldwell Banker Mountain Gallery

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

stevehirschler@gmail.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

http://www.stevesellsbigbear.com

Follow me on Twitter

Subscribe to “Ask an Expert, Big Bear Real Estate Blog”

November 8, 2009 Posted by Steve | Big Bear Real Estate, Big Bear Real Estate Market, Sold in Big Bear | , | No Comments Yet

San Bernardino County Average Sales Prices September 2008 vs 2009

County/City/Area Sept 2009 Sept 2008 Y-T-Y
 % Change
San Bernardino County 150,000.00 205,000.00 -26.8%
Adelanto 80,000.00 131,000.00 -38.9%
Apple Valley 105,500.00 162,500.00 -35.1%
Barstow 55,000.00 106,250.00 -48.2%
Big Bear City 150,250.00 207,500.00 -27.6%
Big Bear Lake 305,500.00 272,500.00 12.1%
Bloomington 140,000.00 185,000.00 -24.3%
Chino 300,000.00 341,250.00 -12.1%
Chino Hills 430,000.00 422,500.00 1.8%
Colton 125,000.00 152,000.00 -17.8%
Crestline 140,000.00 147,000.00 -4.8%
Fontana 210,000.00 255,000.00 -17.6%
Hesperia 126,000.00 175,000.00 -28.0%
Highland 175,000.00 230,000.00 -23.9%
Joshua Tree 113,000.00 118,500.00 -4.6%
Lake Arrowhead 292,500.00 370,000.00 -20.9%
Loma Linda 263,000.00 359,000.00 -26.7%
Montclair 216,500.00 278,000.00 -22.1%
Ontario 190,000.00 240,000.00 -20.8%
Rancho Cucamonga 300,000.00 355,250.00 -15.6%
Redlands 220,750.00 310,000.00 -28.8%
Rialto 135,500.00 200,000.00 -32.3%
San Bernardino 75,000.00 125,000.00 -40.0%
Twentynine Palms 83,000.00 122,500.00 -32.2%
Upland 317,000.00 414,000.00 -23.4%
Victorville 120,000.00 160,000.00 -25.0%
Yucaipa 204,750.00 277,500.00 -26.2%
Yucca Valley 110,000.00 172,000.00 -36.0%

Average sales price indicates the price of homes that sold, not the price increase or decrease of individual homes.

It’s interesting to note that Big Bear Lake and Chino Hills were the only two locations that had an increase.

Real Estate is local!

November 7, 2009 Posted by Steve | Big Bear Real Estate | | No Comments Yet

Is the California Housing Market Headed Back to Normal?

November 7, 2009 Posted by Steve | Big Bear Real Estate | | No Comments Yet

NOD’s and Trustees Deeds Filed in California 2005 – 2009

By: Robert Kleinhenz, Deputy Chief Economist

The median price in California continued to increase in September, driven by lean inventory levels, while home sales remained on track with expectations for the month. The median price of a detached existing single family home was $296,090 in September, up 1.1 percent from the August median of $292,960, but down 7.3 percent from the September 2008 median price of $319,310. Barring a sudden decline in home values over the next few months, the statewide median price will register year-over-year gains by year end, although it will still be well below the mid-decade peak.

Sales in California hit 530,520 homes in September, up 0.6 percent from August sales of 527,120 homes, and up 2.1 percent from September 2008 sales of 519,530 homes. With sales expected to stay in the low- to mid-500,000 range through the rest of the year, annual sales for 2009 will finish about 20 percent higher than the 2008 annual sales figure of 439,830 homes.

Given recent price gains and sales levels, as well as lean inventory numbers that have averaged just over 4 months for the past 3 months, one should conclude that the California housing market is edging back toward its normal state. Indeed, these numbers are welcome developments for a housing market that was among the hardest hit in the country. But a look behind the topline numbers suggests that current conditions have resulted from a heavy dose of policy intervention and from efforts by lenders – who currently dominate the supply side of the market – to manage the flow of troubled mortgages and properties at all stages of the ‘foreclosure pipeline’ from delinquencies to REOs.

The number of defaults in California escalated rapidly in the last couple of years, with 111,700 defaults in the third quarter of this year and a record high of 135,400 defaults in the first quarter of 2009. Normally, the trend in foreclosures corresponds approximately to the trend in defaults with a one to two quarter lag so the number of foreclosures should be on the rise as well. Instead, the level of foreclosures has been steady at roughly 50,000 per quarter since the last quarter of 2008. This seems to be the result from the combination of policy intervention, including foreclosure moratoria last year and early this year as well as the federal loan modification program, and efforts by lenders to deal problem loans on a case-by-case basis. As a result, market supply has held steady at levels that have stabilized the median price at the state level and in most California markets. In a number of markets, there have been some modest price gains compared to earlier in the year.

With current government policies and lender practices in place, home prices in much of the state should hold steady, aside from normal seasonal fluctuations in prices between now and next spring. In the end, price stability is necessary for discretionary sellers, as opposed to distressed sellers, to return to the market and drive the supply side of the market to more normal conditions.

November 7, 2009 Posted by Steve | Big Bear Real Estate Market | | No Comments Yet

6 New Bank Owned REO Homes Avaiable in Big Bear 11/1/2009

As of this morning, we have 49 bank owned  homes (REO’s) on the market, that’s only 6.51% of the 752 active listings. Please call or email if you want to purchase a bank owned home in Big Bear,

I will get you the best deal.

I can show you any home for sale in Big Bear.

Search the Big Bear MLS (Multiple Listing Service)

Search the Southern California MLS  (Multiple Listing Service)

Steve Hirschler

Associate, The Tim Wood Group

Coldwell Banker Mountain Gallery

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

stevehirschler@gmail.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

http://www.stevesellsbigbear.com

Follow me on Twitter

Subscribe to “Ask an Expert, Big Bear Real Estate Blog”

November 1, 2009 Posted by Steve | Bank owned in Big Bear, Big Bear Real Estate | , , | No Comments Yet

77 Homes Sold in Big Bear, October 2009

ML # Price Address Area Bd Baths SF Apx Ttl Sold Price Sold Date
291407 2,495,000 220 N EAGLE BLE 3 2.5 2734 2,100,000 10/9/2009
281876 1,575,000 38860 WATERVIEW DRIVE BLW 3 3 2567 1,325,000 10/2/2009
291793 1,495,000 38998 WATERVIEW DRIVE BLW 4 3.5 2476 1,495,000 10/1/2009
282018 1,475,000 354 GIBRALTER ROAD BLC 4 3 3125 1,325,000 10/19/2009
291620 1,279,900 39597 LAKE DRIVE BLC 3 3 3698 1,215,000 10/14/2009
291286 549,900 39269 WATERVIEW BLW 3 2 1954 530,000 10/14/2009
291777 539,000 1691 ANGELS CAMP ROAD MOON 3 2 1600 504,500 10/1/2009
282724 530,000 42763 TIMBERLINE TRAIL FOXF 3 2.5 2232 510,000 10/2/2009
291045 527,800 749 CAMERON BLC 4 4 3060 517,000 10/20/2009
291844 520,000 437 FALLEN LEAF FOXF 3 2 1936 490,000 10/9/2009
291284 519,000 1296 BALDWIN RANCH ROAD BALD 4 3.5 2702 475,000 10/27/2009
291316 499,900 330 DOVER LANE BLC 4 2.5 2482 447,500 10/27/2009
281723 479,000 43620 COLUSA DRIVE MOON 3 2 1806 409,500 10/16/2009
282545 449,900 730 MCALISTER ROAD FOXF 1 1 960 395,000 10/23/2009
282199 425,000 1404 KLAMATH RD. MOON 3 2 1574 400,000 10/8/2009
291164 410,000 39064 BAYVIEW BLW 3 2.5 1554 400,000 10/1/2009
281569 399,500 1112 CEDAR MOUNTAIN ROAD WHIS 3 3 2390 360,000 10/29/2009
290989 379,900 575 BRECKENRIDGE BLE 3 1.75 1588 365,000 10/2/2009
291537 360,000 546 E FAIRWAY BLVD BBC 3 2 2032 350,000 10/23/2009
290470 350,000 536 FAIRWAY BBC 4 3 2207 350,000 10/15/2009
291771 349,900 203 EAGLE DRIVE BLE 2 1.75 1400 360,500 10/16/2009
271147 349,000 571 PINEWOOD DRIVE BBC 3 2.5 2062 330,000 10/8/2009
290248 335,000 805 RAYO LANE BLW 3 2 1244 326,000 10/1/2009
282380 333,000 105 N FINCH DR. BLE 3 2.5 1730 325,000 10/30/2009
290846 329,900 879 WALDSTRASSE WAY FOXF 3 2 1704 300,000 10/20/2009
291084 325,000 530 E ANGELES  BLVD BBC 3 2 1764 312,000 10/7/2009
291843 319,900 42871 WILLOW AVENUE MOON 3 2 1240 319,900 10/9/2009
290979 319,000 963 ANTELOPE MOUNTAIN WHIS 4 3 1700 300,000 10/15/2009
282536 299,900 39815 LAKEVIEW DRIVE BLC 3 1 1800 285,000 10/22/2009
291939 299,900 1395 LA CRESCENTA MOON 3 2.75 1700 290,000 10/9/2009
291763 293,500 42631 ALTA VISTA MOON 4 2.5 2417 280,000 10/26/2009
292012 284,900 1325 LA CRESCENTA MOON 2 2 1000 285,000 10/23/2009
291823 275,000 1094 MOUNT WHITNEY WHIS 4 2 2500 275,000 10/26/2009
291920 269,900 42437 TIOGA FOXF 3 2 1287 255,000 10/2/2009
281971 269,000 43051 ENCINO RD. MOON 3 1.5 1248 250,000 10/14/2009
290520 269,000 1010 ANTELOPE MOUNTAIN WHIS 4 4 1659 260,000 10/20/2009
291646 239,900 1109 GREENWAY BBC 3 1.75 1378 231,374 10/2/2009
290573 222,222 1337 SHAY RD. BBC 2 2 1144 195,000 10/28/2009
291400 220,000 1224 CLUBVIEW DR. MOON 3 1.75 1800 250,000 10/27/2009
290900 215,000 1151 CANYON ROAD FAWN 2 1 754 185,000 10/23/2009
282789 215,000 1171 ALTA VISTA MOON 2 1.5 1088 208,000 10/28/2009
291570 209,880 1117 HEMLOCK ERWL 3 3 1724 209,880 10/13/2009
282053 209,000 796 SILVERTIP MOON 2 1 978 205,000 10/29/2009
292071 192,900 39233 WILLOW LANDING BLW 3 2 1384 223,000 10/14/2009
291665 189,000 314 W AEROPLANE BLVD. BBC 3 1.75 1311 180,000 10/23/2009
291022 189,000 39170 ARAPAHOE FAWN 2 1 760 184,000 10/26/2009
290927 179,900 1088 MT DOBLE DR BBC 3 2 1456 175,000 10/21/2009
280517 179,000 675 DAISY BLC 2 2 900 151,000 10/7/2009
291979 179,000 1002 MINTON MOON 2 1 714 179,000 10/16/2009
290541 174,900 46219 SELENIUM LANE BALD 4 2.75 1719 126,000 10/14/2009
292027 169,900 43459 SHEEPHORN RD MOON 2 1 912 165,500 10/15/2009
290144 169,900 462 MORENO LANE SUGA 2 1.75 1260 150,000 10/9/2009
282363 164,900 46807 SKYVIEW DRIVE LWIL 3 2 2198 164,000 10/20/2009
291317 150,000 332 DOVER LANE BLC 1 1 764 100,000 10/27/2009
291572 145,000 732 BARRETT BBC 3 1.5 1260 135,000 10/19/2009
291395 137,500 480 SUNSET SUGA 3 1 1178 135,000 10/9/2009
291550 136,000 42619 CEDAR MOON 1 1 675 136,000 10/13/2009
290995 134,000 42636 LA PLACIDA MOON 2 1 608 137,000 10/28/2009
282662 130,000 139 E AEROPLANE BBC 2 1 888 130,000 10/2/2009
291393 129,000 420 W MOJAVE BLVD. BBC 3 1.75 1220 122,000 10/14/2009
291755 125,000 1030 WOODLAND ERWL 2 2 1100 121,000 10/6/2009
291471 117,000 316 E ANGELES BBC 3 1 1059 130,100 10/9/2009
291628 106,750 431 JEFFRIES RD. BLC 4 2 1267 106,800 10/15/2009
291419 99,000 1032 ROBINHOOD BBC 3 1 882 75,000 10/1/2009
290167 99,000 825 SAN BERNARDINO SUGA 2 1 608 90,000 10/2/2009
291940 94,900 234 HIGHLAND SUGA 2 1 735 93,500 10/16/2009
291573 91,500 45421 3RD ST BALD 3 2 1599 88,500 10/21/2009
282434 89,999 211 MAPLE LANE SUGA 1 1 480 87,500 10/21/2009
281352 89,000 541 WABASH SUGA 1 1 600 85,000 10/16/2009
291132 86,000 1024 GREENWAY DRIVE BBC 2 1 952 86,000 10/1/2009
292125 79,200 921 W RAINBOW BBC 2 1 840 79,200 10/22/2009
292102 79,000 2158 7TH ERWL 2 1 800 79,000 10/22/2009
291244 69,300 854 NORWOOD LANE ERWL 2 1.75 722 65,000 10/21/2009
292066 64,900 2061 9TH ERWL 2 1 720 64,900 10/16/2009
291487 60,000 572 PINE LANE SUGA 1 1 432 55,000 10/14/2009
291219 54,000 2189 STATE ERWL 2 1 576 54,000 10/2/2009
291902 44,900 2154 FIRST LANE ERWL 2 1 704 55,500 10/13/2009

  • 25 of these homes were bank owned = 32.46%
  • 45 of these homes were sold by tradtional sellers =58.44%
  • 7 of these homes were short sales = 9.09%
  • This is the same number of closings posted in the Big Bear MLS for October 2008 (77)

Click here to see the details of these homes

Steve Hirschler

DRE#01703081

Associate, The Tim Wood Group

Coldwell Banker

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

stevehirschler@gmail.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

www.bigbearhomes.wordpress.com (blog)

www.stevesellsbigbear.com (website)

www.activerain.com/blogs/slhoo7\ (blog)

www.thetimwoodgroup.com (group website)

http://twitter.com/stevehirschler (follow me)

November 1, 2009 Posted by Steve | Big Bear Real Estate, Sold in Big Bear | , , , | No Comments Yet

Market Condition Report for the Big Bear Area October 2009

I can show you any home for sale in Big Bear.

Search the Big Bear MLS (Multiple Listing Service)

Search the Southern California MLS  (Multiple Listing Service)

Steve Hirschler

Associate, The Tim Wood Group

Coldwell Banker Mountain Gallery

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

stevehirschler@gmail.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

http://www.stevesellsbigbear.com

Follow me on Twitter

Subscribe to “Ask an Expert, Big Bear Real Estate Blog”

*report provided by “Chicago Title”

November 1, 2009 Posted by Steve | Big Bear Market, Big Bear Real Estate Market | , | No Comments Yet

Does your Big Bear Real Estate agent tell you what you want to hear, or the truth?

Listening to a Real Estate agent that has their interests in front of yours can be a big mistake. I must admit that I have a problem, I am often Brutally Honest.  Being honest is not the problem, but I know I could improve on the way I deliver the message.

I don’t do the sugar-coating thing well. I tend to tell it like it is and live with the consequences. I won’t tell you what you want to hear, unless I believe it to be the truth. It really makes things easy to remember.

When you work with me, you might hear more than you want to hear about the house. I might get in the way sometimes as if I were buying the house myself. Sometimes I will want repairs made that the buyer doesn’t seem to care about or is not aware of. That’s just how I am.

If I am representing you as a buyer, I might tell you all of the things that the seller would rather have you overlook. I will more than likely be at the home inspection and in addition to thoroughly looking at the items that the home inspector discovers, I might ask him to look at things that he didn’t discover or mention. I will also let you know as a buyer that repairs done by sellers are often done with the cheapest materials and least expensive labor that the seller can find. This doesn’t always equate to the best results, so I will often recommend that we get a bid from someone who knows how to do the repair correctly, at a fair price. I might tell you that the house you like is over priced, or not the best value. Isn’t that the type of honesty you deserve?

 

If I am your listing agent I will tell you the recommended list price based on market conditions, not your needs or debt. That’s not to say I am not flexible at all or sympathetic to your financial situation, but I will give you the real price, even if you don’t like it. I will recommend the work needed to get the home sold and lead you through the selling process. I will work with you on improvements that need to be made by providing contractors and handyman that will perform their jobs as professionals. I will be available to return your calls timely and with real answers. Don’t be surprised if I tell you your home is worth less than some other agents will tell you. I won’t give you a price that is 20% above what I believe is the real value just to get your signature on the listing agreement. I might offer to show you the other homes that a buyer will look at in your price range to show you the reason your home needs to be priced correctly.

After all, what sign do you want to have hung in front of your home in 90 days?

just reduced sign

or

sold-sign-cropped1

If your agent of choice is unable to put your interests first, you need to find one that will.

Click here to read my recommendations for buyer’s and seller’s that I have represented in the past.

October 27, 2009 Posted by Steve | Big Bear Real Estate, Selling your home | , , , , | No Comments Yet