Market Condition Report for the Big Bear Area
Market Condition Report for the Big Bear Area
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
Select Your Big Bear Real Estate Agent Carefully.
Selecting your Real Estate agent is important.
Many times buyers and sellers in Big Bear make the mistake of selecting an out of the area agent that is not geographically competent in the Big Bear area. These agents often don’t know how to find Big Bear, so finding you a home may be very challenging. They may not know the differences between the neighborhoods of Sugarloaf and Fawnskin. This results in poor representation and dissatisfaction for you, the client.
Agents from out of the area can’t possibly be up to date on the local market conditions and inventory. I spend 6 -7 days a week studying the Big Bear inventory and I feel like if I miss a day, my inventory knowledge will be less than my clients deserve.
Twice in the past 30 days I have had agents that were friends or family of a buyer say they are going to represent their family member or friend in the transaction. This is fine with me, as long as I am not going to be doing their work. Having your son-in-law that works Real Estate in Orange County call the listing agent in Big Bear and asking him or her to open the listing and show it to you, because he’s too lazy to drive up to Big Bear, open the house and investigate the property (represent you) doesn’t equate to good service.
Is this out of area (and touch) agent now going to advise you on what to offer for the property you want to buy? They haven’t even joined the local multiple listing service so that they can be knowledgeable of recent sales and listing activity. Most of these out of area agents have never sold or owned a mountain home. You will also soon learn that they won’t be present for your home inspection, contractors bids or walk through either because it is to inconvenient to make the trip. They are only thinking about one person, and it’s not you. They won’t know who the local home inspectors are and may send an out of the area inspector to do the inspection. These out of area inspectors may not even know what a stop and waste valve is or how to test one.
An out of area agent won’t be able to tell you about the neighborhood, or the depth of the lake in the different areas. They won’t know the procedure for winterizing your home, or the location of the stop and waste valve. They won’t know the utility companies for the home or where the offices are located for these services. They really won’t know as much as you do, since they often don’t even visit the house before writing the offer.
It’s kind of like shopping for a computer at Wal-Mart.You might get lucky and find the right computer with the features you need, but chances are you’ll wish you had a salesperson that knew about the inventory. If you’re looking for someone who doesn’t know the Big Bear Real Estate inventory, hire that out of area agent.
I can show you any home for sale in Big Bear, but I won’t work in any other areas!
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
New Listing, Big Bear Cabin in the Mountains!
THIS SINGLE LEVEL SIERRA STYLE HOME SITS ON A CORNER LOT, FENCED YARD WITH RV PARKING AND ROOM FOR THE TOYS, LARGE LIVING ROOM WITH WOOD BURNING FIREPLACE, HUGE MASTER BEDROOM, BONUS ROOM / OFFICE, LOTS OF STORAGE, BRAND NEW 30 YEAR COMP. ROOF, NOT A BANK OWNED AND NOT A SHORT SALE, SELLER MOTIVATED.
Listed at $219,900
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
Subscribe to “Ask an Expert, Big Bear Real Estate Blog”
30 Year Mortgage Rate Chart
30 Year Mortgage Rate Chart
As you can see, rates are at historic lows. Call Martha McKinley to get pre-qualified for your next purchase.
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
Great Cabin in Big Bear that Won’t Empty Your Pocket Book!
1032 Robinhood is a great cabin, built in 1932. Just needs your touches!
Should I Install an Earthquake Gas Shut Off Valve on my Big Bear Home?
Gas shut off valves are not required by law in Big Bear. Many people that buy a home in Big Bear are faced with the question of whether or not they should have one installed. Some of the insurance carriers require a earthquake gas shut off valve before they will issue home owners insurance.
As a homeowner in the Big Bear area for over 18 years, I would say that you want to do your homework on this before you have one installed.
I have sold homes to people that have had these installed and have not been happy with some of the things that can happen.
These valves are designed to shut off the natural gas in the event of an earthquake. That means they are activated by movement. If the valve closes it must be reset and you will need to relight the pilot or check to see that the appliances, heater and water heater are working after the reset. This can be hard to accomplish if you are not aware of the valve activating or the event that caused the valve to shut off. If your home is a second home and the gas shuts off in the winter, you may end up with some damage to your plumbing. 
Another type of valve (shown at the right) may be a better choice in this situation. A valve that restricts the flow, or a excess flow valve. These valve claim to restrict the flow to a safe level, but only activate if there is an increase in flow that is caused by a break in the line.
You can always just turn the gas off manually if you are at the home when the emergency occurs.
You should consult a plumbing and heating contractor to find out the pros and cons of each type of gas flow protection that is available.
Steve Hirschler
Associate, The Tim Wood Group
Coldwell Banker Mountain Gallery
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
steve@bigbeargallery.com
909 866-3481 EXT. 217 CELL 909 725-5889
Fax 909 866-3531
New Bank Owned REO Homes in Big Bear 5/9/2009
- Listing Courtesy of Woodstock Real Estate
This home last sold for $219,900 in June of 2003! It is located in Big Bear City, just off of North Shore Drive, HWY18. This is a nice home that has a 5000 sq ft lot. Nice Gambrel style home with large bedrooms. Over sized 1 car garage with unfinished room above. Room for a boat or Rv Parking. Covered deck.
Listing Courtesy of PREMIER PROPERTIES SOTHEBY'S INT'L
Last sold for $340,000 in December 2004! Beautiful Home with vaulted ceilings and 2 x 6 construction. Riverrock fireplace and built in entertainment center. Large master suite with walk in closet and double sinks in master bath. Open kitchen with custom cabinets. Laundry room with sink. Redwood decking, and over sized insulated garage, and fenced yard.
- Listing Courtesy of KELLER WILLIAMS BIG BEAR LAKE ARROWHEAD
Last sold for $229,000 in October 2006! Corner lot, Gambrel construction, rock fireplace, and storage shed. Seller is offering 3% paid points toward permanent rate buy down with Prospect Bank.
As of this morning, we have 47 bank owned homes (REO’s) on the market, that’s only 5.2% of the 897 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
Moonridge Area of Big Bear Sold Year to Date 4/28/2009
Sold YTD through 4/28/2009
Year to date through 4/28/2009 there have been 36 closed sales in Moonridge. There are 155 active Moonridge listings, and 21 pending in escrow. We have a 17 month supply of inventory at the current rate of sale. 13 of the 36 closed sales were Bank Owned and 3 were Short Sales.
The price differential shown above tells us that the homes in Moonridge that are selling, sell very close to list price. This isn’t surprising to me, price is the most important factor in this market. When a home is priced correctly it will sell, it’s really that simple. Knowing what price to list at is by far the most important decision a seller must make. List price should be based on market conditions and not a sellers perception or need. Banks are making this more apparent, they are not emotionally attached to homes. Bank owned properties are being priced based upon comparable sales, and nothing else. This is why the bank owned homes sold in Moonridge have an average of 70 days on the market and all of the other types of sellers are averaging 217 days in the Moonridge area. That’s 3 times as long as the average bank owned listing.
When I look deeper at the statistics, the bank owned homes sold have a price differential of 100.11%, and the other types of sellers are at 93.46% of list. During the extra days on the market the sellers were chasing the market with price reductions until they finally get their homes price to match the market, and then like magic they sell! This is good, but not great. One thing that happens in this scenario is that the buyer sees that the home has been on the market 200 days and decides that the seller must be motivated to take less. This generates a lower offer, thus the 93.46% price differential.
First impression of value creates a sense of urgency in buyers, once lost the buyer assumes you are over priced. If not, why didn’t someone put in an offer?
If you would like to discuss the Big Bear Real Estate market, please give me a call.
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
Subscribe to “Ask an Expert, Big Bear Real Estate Blog”
Bank Owned Statistics for the Big Bear Area
Currently we have 45 bank owned homes available in the Big Bear Area MLS. There are 891 active listings, so the bank owned homes are 5% of the available homes. A low number for sure.
There are 48 bank owned homes in escrow. This is 41% of the 118 total number of homes in escrow.
Year to date through 4/10/2009 we have sold 88 bank owned homes. This is 49% of the 181 that have sold in the Big Bear Area. The average days on the market are 76, and the price differential is 86.70%.
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
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Big Bear Skinny- Big Bear Foreclosure Numbers – August 2009 September 25, 2009Foreclosure numbers in Big Bear slowed a bit in August though they still remain near record highs. The foreclosure filings in August 2009 (219) were down 10% from July 2009 (244), but were still up 27% from August 2008 (173). Foreclosure filings are made up of Notices of Default, a recorded document that starts the foreclosure process, [...]Tyler Wood
- Is The Big Bear Real Estate Market Headed Toward The Perfect Storm? September 8, 2009I believe it could be. The current state of the real estate market in Big Bear reminds me of a scene in the movie, “The Perfect Storm”. Near the end of the movie, after the fishing boat and its crew battle huge waves and horrible weather, things clear up. They think they made it through. But, the [...]Tyler Wood
- Big Bear Home Sales – August 2009 September 6, 2009Big Bear Home Sales Big Bear home sales dropped in August from the 2-year high we saw in July. Home sales fell 14% when compared to the July numbers (75 v. 87), but were up 25% when compared to August 2008 (75 v. 60). Even with the drop in sales month over month, sales are [...]Tyler Wood
- Paying Cash In Big Bear? Save 1%! August 31, 2009Yeap, that’s it. The impression with most buyers is that because they are paying cash, they should get a big discount off of the asking price. That is just not the case. (Click here to see embedded video) Cash buyers in Big Bear are only saving 1% for paying cash as compared to those buyers that are getting [...]Tyler Wood
- Buying Or Selling A Home In Big Bear? 3 Critical Contingencies To Keep In Mind. August 23, 2009The California Association of Realtors (C.A.R.) residential purchase contract (RPA) has three standard contingencies built into the contract – Loan Contingency, Appraisal and Buyer’s Inspections. Most of the problems that come up in a real estate transaction fall under these 3 contingencies. If the contract is left unchanged, the period of these […]Steve Hirschler
- Big Bear Foreclosure Numbers – July 2009 August 23, 2009Foreclosure numbers in Big Bear are still on the rise. The foreclosure filings in July 2009 were up 16% from June 2009, and 81% from July 2008. Keep in mind, foreclosure filings are made up of Notices of Default, a recorded document that starts the foreclosure process, Notices of Sale, a recorded document that sets the [...]Tyler Wood
- Big Bear Bank Owned Fixers – Some Pointers August 21, 2009With prices for real estate in Big Bear at an all time low, many folks are seriously considering buying a bank owned fixer. On the surface, it seems like a really great idea, and if done correctly, it can be. However, like most things, it is a little more complex than it appears to be. There are [...]Izzy Barden
- Big Bear Home Sales July 2009 August 9, 2009Big Bear Home Sales Big Bear home sales hit a two year high in July 2009. Home sales rose 9% when compared to the June numbers (84 v. 77), and 35% when compared to June 2008 (84 v. 62). This is great news for the Big Bear real estate market as it is the second strong month [...]Tyler Wood
- Big Bear Foreclosure Numbers – June 2009 August 6, 2009Sorry for being a little late with these. The number of Big Bear properties that went back to the bank (future bank owned listings) in June 2009 was an all time high at 52, 8 more than the previous high of 44 set in May. In total, the foreclosure filings for the month of June 2009 were [...]Tyler Wood
- Actions Speak Louder Than Words In Real Estate August 4, 2009Click here to see the embedded video. I see a lot of sellers in Big Bear saying they are motivated to sell, yet they continue to ignore the market reality and overprice their home. “Seller motivated, bring all offers” is pretty commonplace in the agent comments of the Big Bear MLS or other real estate [...]Tyler Wood
- Big Bear Foreclosure Numbers – August 2009 September 25, 2009
- Big Bear Lakefront Homes Information
- Back on Market: 651 Cove Drive Falls Out of Escrow December 1, 2009 Mike Wochner
- Pending Sale: 39364 Aurora, Big Bear Lake, CA 92315 November 29, 2009The home at 39364 Aurora just went into escrow. Nice property (click here to see multiple photos and a property description). Major reno a year or so ago with panoramic views and deep water. I thought this was the best value for the money, next to 39997 North Shore Drive but it sits on the [...]Mike Wochner
- Got Snow? Big Bear Lake Gets it’s First Decent Snowfall this Winter November 28, 2009Get your snow shovels out….our first decent snow fall occurred this morning as we got 4-5 inches of snow. None of the roads have been plowed yet so be extra careful driving up the mountain and make sure you bring snow chains for your car. RELATED ARTICLES: No Business Like Snow Business (Big Bear Grizzly 11/25/2009) Updated Weather [...]Mike Wochner
- Price Reduced: 39997 North Shore drops Price Again November 24, 2009The owners of 39997 North Shore Drive reduced the price of their home again….this time down to $1,750,000. I wrote about this property back on October 1st (click here to view multiple photos and to read a property description). I like it. It’s rustic, it has plenty of square footage to sleep multiple families, and [...]Mike Wochner
- Improving the Ecosystem around Big Bear Lake November 19, 2009The article below, written by Kathy Portie of the Big Bear Grizzly, is a good example of what our local MWD does to help keep Big Bear Lake safe. Yes they oversee the dock situation and make sure everyone is in compliance with the rules and regulations…..but they also ensure that the quality of our [...]Mike Wochner
- Recent Sale: 39427 Silver Pine Court November 12, 200939427 Silver Pine Court closed escrow yesterday. This was a short sale and had multiple offers on it. It previously sold on 2/6/2006 for $1,700,000. The seller put it back on the market a year later for $2,299,000 and has chased down the market ever since (it was on the market for 695 [...]Mike Wochner
- Big Bear Lake is Off Limits During the Wintertime November 10, 2009Saw this on the Jay Leno Show last night. This is a painful but funny reminder that Big Bear Lake partially freezes over during the Winter. This was a frozen lake over in Europe not Big Bear Lake but hopefully you get the picture. Big Bear Lake is off-limits during the Winter season for [...]Mike Wochner
- Two Big Bear Lakefront Price Reductions This Week November 10, 2009Two price reductions to report. Maybe someone read “To Reduce or Not Reduce” regarding price changes last week? That, or it’s just that time of year when sellers either reduce their price or hold firm and hope for the best. I’m guessing many sellers have given up on the thought of selling their lakefront property [...]Mike Wochner
- Pending Sale: 39645 Lake Drive, Big Bear Lake November 6, 200939645 Lake Drive went into escrow today. I was planning on showing it tomorrow….guess we’ll cross it off the list! It needs a little bit of updating but I think it has the potential to be a good rental. It’s close to Holloway’s Marina, it has a lot of square footage (3570 square feet with [...]Mike Wochner
- Pending Sale: 651 Cove Drive, Big Bear Lake, CA 92315 November 3, 2009651 Cove Drive went into escrow today. This was IMO the best property in the $1.5m range. It had deep water, was sold partially furnished and was priced well below what the sellers paid for the property back in March of 2007 (click on the links below to view detailed property info and to view [...]Mike Wochner
- Big Bear REO Blog
- REO Urban Legends November 13, 2009 bigbearreo
- Big Bear Short Sale Update October 27, 2009 bigbearreo
- Big Bear Bank Owned Listing October 22, 2009 bigbearreo
- Big Bear Lake Lakefront Sale October 20, 2009 bigbearreo
- Bank Owned Furnishings October 19, 2009 bigbearreo
- Big Bear Lake Bank Owned Info September 22, 2009 bigbearreo
- Short Sale? Be Careful. August 6, 2009 bigbearreo
- Big Bear Bank Owned Condo's For Winter and Summer. June 29, 2009 bigbearreo
- Big Bear Bank Owned Properties With Garages June 8, 2009 bigbearreo
- Big Bear Lakefront Sale June 6, 2009 bigbearreo
- Big Bear Illuminated
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