Ask an Expert, Big Bear Real Estate

Brutally Honest Big Bear Real Estate

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

Follow me on Twitter

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

 

Advertisements

April 28, 2009 Posted by | Bank owned in Big Bear, Big Bear Market, Big Bear Real Estate, Big Bear Real Estate Market, Moonridge, Selling your home, Sold in Big Bear | , , , , , , , | 2 Comments

I Support The 3/50 Project

April 27, 2009 Posted by | Living in Big Bear | | Leave a comment

Bear Valley News-Big Bear Lake’s efforts to go green-April 25, 2009

Big Bear Lake’s efforts to go green

 

 

green_big_bear_lake1

Mayor Rick Herrick and Mayor Pro Tem Bill Jahn placing clean air decal on a City fleet alternate fuel vehicle.

 

   In the spirit of Earth Day and an effort year-round to be conscious of ways the City of Big Bear Lake can “go green”, several green efforts are already in place:

  • Adoption & Implementation of Green Building Codes – The City is looking in to possible certification of green builders and recognizing ‘green homes’.

  • Recycling programs where students at local schools are encouraged to recycle aluminum cans & plastic bottles.  Bins are purchased and thru a partnership with the Big Bear Rotary Early Act Club, funds received from recycling go back to the schools to fund projects such as playground equipment, etc. In addition, recycling containers are located at City parks. 

  • Recycling bins (bottles, cans & white paper) are provided at every employee workstation, in copy rooms and break rooms.

  • The Big Bear Lake Department of Water & Power, through its conservation programs, works with local lodges and Private Home Rental Management Companies to encourage visitors to re-use towels & conserve water.  In addition, the City has a Water Conservation Ordinance in its Development Code (Chapter 17.11).  The City is looking in to designing a name for a ‘towel rebate program’, in which patrons of local hotels and lodging facilities receive a discount for re-using their room towels.  This would coincide with a recognition program for ‘green sustainable lodges’.

  • The City is part of a Valley-wide trails coalition that has identified bike routes and continues to work on a Bike Master Plan & signage.  In addition, staff is looking to expand the bike rack program.  The City is looking in to a building code standard to put more racks in when new development or rehab takes place.

  • Last year, the City purchased (2) Ford Escape hybrid vehicles to add to its fleet and is looking in to the feasibility of using dual fuel vehicles like the (2) propane/gas Ford trucks it currently owns.  ‘Clean Air Vehicle’ Decals are placed on all alternative fuel vehicles in the fleet.

  • Exploring Energy Alternative Options – Currently, the City’s sewer system (sanitation) monitoring is powered by solar panels.

  • The design for the new City Public Works Yard includes LEED equivalent components.  

  • The City replaces all light bulbs in City facilities with high-efficiency bulbs as replacement is needed.  In addition, staff will seek Bear Valley Electric’s assistance in conducting an energy audit of all lighting ballasts, etc. in City facilities to provide recommendations for better efficiency. 

  • The City is “working to become a zerowaste community.”  This stretches much further than just disposal needs being met at local Clean Bear Sites. Through negotiations with its waste hauler, the City is looking for a 35% reduction in waste (or meeting state standards (whichever is greater)) over the life of the contract, thereby reducing our carbon footprint. This may include separating green residential waste, replacing outdated vehicles, etc.  In addition, the City has already placed several ‘Big Belly’ solar trash receptacles in the Village as part of a demonstration project. City staff will continue to seek grant opportunities to purchase more of these receptacles. 

  • The City currently has programs in place for yard waste chipping and composting thru its Neighborhood Chipping Program, which allows residents to leave vegetation and brush at their curbside for pick-up. City crews pick up and chip the material and re-distribute it to those who want it for ground cover or mulch.  This program also reduces live fuels on properties, which, in turn, helps reduce fire risk.

  • The City’s Pavement Management Plan – pulverization techniques are used, which reuses existing material right at each street site.

  • Xeriscape plants and materials are included in Phase II design components for Boulder Bay Park.

  • Sidewalk projects promote connectivity.

  • Staff is seeking to secure grants for LED lights in City traffic signals.  In addition, staff continues to work on improving synchronization to ease traffic flow and congestion.

  • The City has several dog waste stations located throughout the community near trails and parks.  These help owners dispose of pet waste properly and helps with NPDES levels/pollution in to Big Bear Lake.

  • The City publicizes a Household Hazardous Waste Collection Program in which residents can drop off materials such as oil, paint, batteries, etc. at Big Bear Disposal on a regular basis.  In addition, in partnership with Big Bear Disposal, the City holds two FREE waste collection days annually.  The City also has a Small Business Hazardous Waste Program, in partnership with the San Bernardino County Hazardous Materials Division, in which business owners can bring materials to Big Bear Disposal (Garstin Drive site) on the first Thursday of each month for disposal. 

About Big Bear Lake

   The City of Big Bear Lake is a four-season resort located in the heart of the San Bernardino National Forest, approximately 30 miles northeast of San Bernardino.  The City serves a population of 6,500 residents and covers a 6.95 square mile area on the west end of Big Bear Lake’s south shore.  Recreation is offered year-round, including skiing, boating, fishing, camping, hiking, golf and fine dining.  Visit us at www.citybigbearlake.com.

bear valley news 

….. Have a wonderful weekend ….. Sunday – Rev. Sue Crane to speak at Bear Valley Center for Spiritual Enlightenment …..

PO Box 4045, Big Bear Lake, Ca, 92315                 Bus 909-913-9884                Send questions to PR@bearvalleynews.com

April 26, 2009 Posted by | Big Bear Real Estate, Living in Big Bear | 1 Comment

Sold in Big Bear, Week Ending 4/25/2009

Click here for property details on these 16 homes.

  • 7 were bank owned “44%”
  • Two of these homes were short sales
  • 7 were organic “44%” (traditional seller)
  • 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”

     

    April 25, 2009 Posted by | Bank owned in Big Bear, Big Bear Market, Big Bear Real Estate Market, Sold in Big Bear | , , , , | 2 Comments

    6 New Bank Owned Reo Properties in Big Bear

    These are 6 new bank owned homes that came on the market this week.  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”

    April 25, 2009 Posted by | Bank owned in Big Bear, Big Bear Real Estate, Big Bear Real Estate Market, Real Estate | , , , , | 4 Comments

    California Association of Realtors Fast Facts

    • California median home price – February 09: $247,590(Source: C.A.R.)
    • California highest median home price by C.A.R. region February 09: Santa Barbara So. Coast $715,000 (Source: C.A.R.)
    • California lowest median home price by C.A.R. region February 09: High Desert $121,970(Source: C.A.R.)
    • California First-time Buyer Affordability Index – Fourth Quarter 08: 59 percent (Source: C.A.R.)
    • Mortgage rates – week ending 4/9/09 30-yr. fixed: 4.87% Fees/points: 0.7% 15-yr. fixed: 4.54% Fees/points: 0.7% 1-yr. adjustable: 4.83% Fees/points: 0.5% (Source: Freddie Mac)  

    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”

    April 18, 2009 Posted by | Big Bear Real Estate | Leave a comment

    3 New Bank Owned Properties in Big Bear

    These are 3 new bank owned homes that came on the market this week. 1123 Sugarpine is already in escrow and had multiple offers. Please call or email if you want to purchase a bank owned home in Big Bear, I will get you the best deal.

     

    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”

    April 18, 2009 Posted by | Bank owned in Big Bear, Big Bear Market, Big Bear Real Estate Market, Homes for Sale in Big Bear | , , , , | Leave a comment

    Sold in Big Bear Week ending 4/18/2009

    Click here for property details

  • 3 were bank owned “50%”
  • One of these homes was a short sale
  • 2 were organic (traditional seller)
  • 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”

     

    April 18, 2009 Posted by | Big Bear Market, Big Bear Real Estate, Big Bear Real Estate Market, Sold in Big Bear | , , , , , | 1 Comment

    San Bernardino County Homes Sales Prices March 2009

    San Bernardino Home Sales Prices March 2009

    San Bernardino Home Sales Prices March 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”

     

    Home Sales information provided by:

    Robert Maletti / Chicago Title

    April 18, 2009 Posted by | Big Bear Market, Big Bear Real Estate, Big Bear Real Estate Market | , , , | Leave a comment

    Sold in Big Bear Week ending 4/11/2009

    • 2 were bank owned “40%”
    • None of these homes were short sales
    • 3 were organic (traditional seller)

    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”

    April 16, 2009 Posted by | Big Bear Market, Big Bear Real Estate Market, Sold in Big Bear | , , , , | Leave a comment