Big Bear Lake Foreclosure Data and Trends

 

Foreclosure Filings—Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner’s final notice before sale.

 

Foreclosure Outcomes—After the filing of a Notice of Trustee Sale, there are only three possible outcomes. First, the sale can be Cancelled for reasons that include a successful loan modification or short sale, a filing error, or a legal requirement to re-file the notice after extended postponements. Alternatively, if the property is taken to sale, the bank will place the opening bid. If a 3rd party, typically an investor, bids more than the bank’s opening bid, the property will be Sold to 3rd Party; if not, it will go Back to the Bank and become part of that bank’s REO inventory.

Foreclosure Inventories—Preforeclosure inventory is an estimate of the number of properties that have had a Notice of Default filed against the property, but have not yet been Scheduled for Sale. The Scheduled for Sale inventory indicates those properties that have had a Notice of Trustee Sale filed, but have not yet been sold or had the sale cancelled. The Bank Owned (REO) inventory indicates the number of properties that have been sold Back to the Bank at the trustee sale, and which the bank has not yet resold to another party.

Foreclosure Bids—The Published Bid is the amount listed in the Notice of Trustee Sale and is typically the balance due at the original date of sale. The Opening Bid is the bank’s starting bid at auction, and is often discounted from the Published Bid. The Winning Bid is the highest bid received at auction and reflects the amount at which the bank or 3rd party purchased the foreclosure.

Foreclosure Discounting—This chart compares the winning Bid Amount of properties sold at trustee sale to both the outstanding Loan Amount, and the current Market Value. Banks place an Opening Bid for each property and if a 3rd Party does not make a higher bid, the property will be sold Back to Bank (REO) for the Opening Bid amount. Properties Sold to 3rd Parties will typically have Winning Bids with deeper discounts to both Loan Amount and Market Value as only low Opening Bids will attract investor interest.

 

Time to Foreclose—The average number of days between the filing of the Notice of Default and the final sale at auction for foreclosure sales that occurred during the specified month. Time to Resell—The average number of days between the final sale at auction and when the property was resold by the bank or 3rd party.

 

Filings By Number of Bedrooms—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the property’s number of bedrooms.

 

Filings By Square Foot—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the size range of the property in square feet.

 

Filings By Year Built—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by when the property was built.

Filings By Est. Market Value—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the estimated market value of the property in foreclosure.

 

Filings By Loan Balance—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the balance of the loan in foreclosure.

 

Filings By Loan Origination Date—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the quarter and year in which the loan was originally made.

Homes Sold in the Big Bear Area December 2010

This number will probably rise a little more as sales closed over the past week may still need to be posted to the Big Bear MLS. 96 closed sales for the Big Bear area for the month of December equates to a 20% increase over  year when we only had 80 homes sold during the same period. Inventory levels are also down with only 661 active listings as of this morning. Thats good news for sellers, since less inventory helps to improve the demand.

For the year, we kept pace with units sold. In 2009 there were 892 posted sales in the MLS, with 890 so far for 2010. The average price sold in 2010 was $252,831 compared to $276,942 in 2009. An 8.7% decrease in the average price of homes sold in the big Bear area.

The highest priced home sold in Big Bear during 2010 was $1,650,000 (159 N Eureka) , while in 2009 we had a high sale of $2,700,000 (208 N Eagle). 2009 had 7 sales higher than the highest price sold in 2010.

It’s interesting to note that in all recent years, Big Bear has averaged a 95% price differential on homes sold. Homes aren’t selling for large discounts off of the list price in Big Bear. Many buyers have to learn this lesson the hard way.

Category sales for 2010 are:

• Foreclosures sold in 2010 310 vs 330 in 2009 (down 6%)
• Short Sales sold in 2010 118 vs 80 in 2009 (47% increase)
• Traditional Sales sold in 2010 462 vs 482 in 2009 (down 4.1%)

Statistics for Homes Sold in Big Bear 2010 

Statistics for Homes Sold in Big Bear 2009 

Steve Hirschler
Market Specialist, Inventory Expert,
Big Bear Real Estate Agent
Coldwell Banker
The Tim Wood Group
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
DRE#01703081
stevehirschler@gmail.com
909 866-3481 EXT. 217
CELL 909 725-5889
Fax 909 866-3531

Price	Address	Area	Bd	Baths	SF Apx Ttl	Sold Price	Sold Date
1,299,000	38817 WATERVIEW DRIVE	BLW	4	4	3442	1,200,000	12/3/10
835,000	725 COVE	BLW	4	3	2110	779,000	12/29/10
800,000	613 CEDAR GLEN DRIVE	ERWL	4	4	3216	775,000	12/6/10
769,000	1223 WOLF CREEK	MOON	5	3.5	5567	630,000	12/27/10
700,000	440 WINDSONG	FOXF	6	4	3625	670,000	12/2/10
699,900	798 NORTH STAR DRIVE	BLE	5	4.5	4200	650,000	12/29/10
639,000	492 TAVERN	BLC	4	2	1621	585,000	12/3/10
599,900	400 GIBRALTER	BLC	3	3	2100	585,000	12/8/10
599,000	428 EDGEMOOR	BLC	3	2.5	2140	545,000	12/15/10
574,000	895 KNIGHT	BLC	4	3	2362	545,000	12/10/10
489,900	38620 NORTH SHORE DRIVE	FAWN	2	2	1808	475,000	12/27/10
460,000	1080 MOUND	BBC	3	2.5	2402	470,000	12/7/10
439,000	42455 FOX FARM ROAD	FOXF	4	4	2833	415,000	12/3/10
425,000	2400 ERWIN RANCH	ERWL	3	2	3120	515,000	12/1/10
399,900	38654 NORTH SHORE	FAWN	1	1	750	385,000	12/3/10
390,000	1285 RIDGE ROAD	FAWN	3	2	1204	340,000	12/23/10
384,900	218 CRATER LAKE	FOXF	3	2	1798	384,900	12/3/10
374,900	43644 RIDGECREST	MOON	3	2	1972	350,000	12/10/10
369,500	43888 YOSEMITE	MOON	3	2.5	1503	359,000	12/10/10
368,000	1169 ALAMEDA	MOON	3	2	1654	355,000	12/13/10
359,900	1510 BALDWIN LAKE RD	BALD	3	2	1686	339,900	12/17/10
355,000	664 ST MORITZ	BLE	3	2	1676	355,000	12/9/10
350,000	43570 RIDGECREST	MOON	3	2	1580	345,000	12/16/10
320,000	368 SANTA CLARA	FOXF	4	2	3200	308,500	12/29/10
300,000	878 KNIGHT	BLC	3	2	1779	272,000	12/14/10
300,000	967 CLUBVIEW	MOON	3	2	1803	300,000	12/3/10
299,900	353 PINE LANE	BBC	3	2	1604	279,900	12/27/10
299,000	39306 CEDAR DELL	FAWN	4	3	1712	290,000	12/6/10
298,000	543 E FAIRWAY	BBC	3	2.5	1948	280,000	12/10/10
297,000	41770 TANAGER	BLE	5	3	3077	295,000	12/22/10
279,900	568 MARLOWE	BBC	3	2	1470	259,000	12/22/10
269,000	440 E BARKER	BBC	3	1.75	1452	261,000	12/8/10
269,000	1316 MALABAR	BBC	3	2	1672	260,000	12/16/10
259,900	502 LAKEWOOD	BLC	3	2	1360	259,900	12/28/10
259,000	43570 SAN PASQUAL	MOON	3	1	1120	240,000	12/28/10
258,900	1262 PINEY RIDGE	FAWN	2	2	1462	229,000	12/16/10
255,000	250 IMPERIAL	SUGA	2	2	1080	217,000	12/9/10
250,000	448 CRANE	BLE	2	2	1724	240,000	12/17/10
249,900	844 ORIOLE	BLE	3	2	1332	225,000	12/8/10
249,900	1222 BOW CANYON COURT	MOON	3	2	1404	255,000	12/17/10
245,000	340 DOVER LANE	BLC	5	2	1963	245,000	12/17/10
239,900	248 S FINCH DR.	BLE	4	2	2094	239,900	12/22/10
229,900	2065 5TH	ERWL	3	3	2247	229,900	12/20/10
229,000	433 E FAIRWAY	BBC	3	2	1434	220,000	12/22/10
225,000	1103 BRUIN TRAIL	FAWN	3	2	1328	235,000	12/27/10
225,000	372 SCANDIA	FOXF	4	2.5	1968	210,000	12/29/10
219,900	40059 FOREST	BLC	4	2.75	1222	205,000	12/10/10
215,900	843 ORANGE	SUGA	3	2.5	2580	220,000	12/16/10
214,500	797 SAN BERNARDINO	SUGA	3	2	1220	204,000	12/17/10
199,900	1329 SHAY	BBC	4	2	1972	199,900	12/20/10
199,900	1401 LASSEN DR	MOON	2	1.5	1008	199,900	12/1/10
199,500	1259 ALTA VISTA	MOON	2	2	1224	200,000	12/8/10
199,000	1219 PIGEON	MOON	3	2	1360	225,000	12/2/10
199,000	783 BUTTE	MOON	3	2	1022	190,000	12/3/10
199,000	1120 SYLVAN GLEN	MOON	2	2	1056	180,000	12/16/10
195,000	43264 DEER CANYON	MOON	2	1	930	172,500	12/10/10
190,800	40134 MILL CREEK RD.	BLC	3	1.75	1508	185,000	12/3/10
189,900	1505 MALABAR WAY	BBC	3	2	1619	171,000	12/27/10
189,900	671 GEORGIA	BLE	2	1	756	165,000	12/6/10
185,500	112 DEER HORN	BBC	3	2	1859	185,000	12/13/10
179,900	229 TURLOCK	BBC	3	2	1320	172,000	12/28/10
179,900	2097 FOX	ERWL	4	3	1725	179,900	12/9/10
174,000	523 WAYNOKA LANE	BLC	2	1	984	163,500	12/22/10
169,000	486 LEONARD	SUGA	3	2	977	165,000	12/20/10
165,000	42788 MONTEREY ST	MOON	2	1	816	165,000	12/21/10
165,000	753 MAPLE	SUGA	2	1.5	1008	160,000	12/17/10
159,900	543 W BIG BEAR	BBC	2	3	1254	160,000	12/10/10
159,900	43278 BOW CANYON	MOON	1	1	949	145,500	12/14/10
159,900	862 MORENO	SUGA	2	2	1188	155,000	12/21/10
159,900	142 LEONARD	SUGA	3	2	1444	155,000	12/21/10
155,000	42663 LA PLACIDA	MOON	2	1.5	896	145,000	12/28/10
154,900	2151 STATE	ERWL	3	2	1415	150,000	12/27/10
150,000	2155 4TH LANE	ERWL	3	1.75	1176	148,500	12/20/10
149,900	1037 BIG BEAR BLVD	BBC	2	1.75	1044	130,000	12/23/10
139,000	357 HIGHLAND	SUGA	2	1	720	127,000	12/17/10
129,900	850 B LANE	ERWL	2	1.5	1170	127,000	12/6/10
127,500	692 SAN BERNARDINO	SUGA	2	1	896	115,000	12/9/10
125,900	2050 4TH	ERWL	3	2	1056	120,000	12/3/10
120,000	889 HIGHLAND	SUGA	2	1.5	888	141,000	12/29/10
119,700	1112 W SHERWOOD	BBC	2	1	873	115,000	12/13/10
99,900	2024 MANZANITA	ERWL	1	1	920	99,000	12/22/10
99,900	556 HOLMES	SUGA	2	1	776	63,525	12/2/10
99,900	340 KERN AVE	SUGA	3	1	1240	99,000	12/22/10
98,900	909 COUNTRY CLUB	BBC	2	1	930	91,000	12/29/10
95,000	43433 PRIMROSE	MOON	2	1.5	1260	100,000	12/17/10
94,999	319 SANTA BARBARA	SUGA	2	1	825	95,100	12/7/10
94,900	782 ORANGE	SUGA	1	1	576	85,000	12/27/10
85,900	390 HOLMES LANE	SUGA	2	1.75	1124	87,000	12/22/10
79,900	706 W FAIRWAY	BBC	2	1	705	79,900	12/22/10
79,900	904 D LANE	ERWL	2	1	720	79,900	12/27/10
79,000	317 E BIG BEAR BLVD	BBC	1	1	612	69,000	12/28/10
75,000	582 MORENO	SUGA	2	1	896	75,000	12/22/10
68,000	2142 6TH LANE	ERWL	2	1	610	64,900	12/28/10
65,790	41810 SAINT MORITZ CRT.	BLE	4	2	2435	65,790	12/16/10
49,900	536 RIVERSIDE	SUGA	0	1	388	49,900	12/16/10
44,900	898 B LANE	ERWL	1	1	480	45,000	12/18/10

What is the Best Source of Information on Big Bear Real Estate?

20 Year History of Interest Rates for 30 Year Mortgages

We are at the lowest rates in 20 years!!

Thanks to Martha for this chart:

Martha McKinley
Certified Mortgage Planning Specialist
Guild Mortgage Company
PO Box 7021 – 41619 Big Bear Blvd.
Big Bear Lake, CA 92315
Phone: (909) 866-6856
mmckinley@guildmortgage.net

Steve Hirschler
Market Specialist, Inventory Expert,
Big Bear Real Estate Agent
Coldwell Banker
The Tim Wood Group
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
DRE#01703081
stevehirschler@gmail.com
909 866-3481 EXT. 217
CELL 909 725-5889
Fax 909 866-3531

 

79 Homes Sold in Big Bear in the Past 30 Days

We have sold 79 single family residences in the past 30 days.

These are the homes that have sold.

Price	Address	Area	Bd	Baths	SF Apx Ttl	Sold Price	Sold Date
44,900	1016 W COUNTRY CLUB	BBC	2	1	448	47,900	9/27/10
59,900	422 SUNSET	SUGA	2	1	789	64,000	10/14/10
59,900	2113 1ST	ERWL	3	1	960	53,000	9/28/10
64,900	127 WINDING	BBC	1	1	600	60,000	10/15/10
69,900	215 LEONARD	SUGA	2	1	653	65,000	10/14/10
72,800	651 VICTORIA	SUGA	2	1	896	78,000	10/14/10
87,000	389 LEONARD	SUGA	3	1.5	1000	87,000	9/28/10
89,900	400 MALTBY	BBC	2	2	1120	89,900	10/12/10
89,900	360 MULLINS	BBC	2	1	896	80,900	10/14/10
93,900	718 DAWN DRIVE	BBC	2	2	1200	91,500	10/14/10
94,500	564 PINE	SUGA	1	1	450	91,000	10/13/10
96,000	259 PINE LANE	SUGA	3	1	870	93,000	9/27/10
98,900	2182 2ND LANE	ERWL	2	1	912	99,000	10/1/10
99,900	724 EUREKA	BLE	3	1	604	95,000	10/22/10
99,900	616 E BIG BEAR BLVD.	BBC	2	1	720	99,900	9/27/10
105,900	556 IMPERIAL	SUGA	3	1.5	1092	101,500	10/20/10
114,900	445 BOOTH	BBC	2	1	875	114,900	10/15/10
119,500	900 PETER	BBC	4	2	1242	120,000	10/14/10
119,900	557 SUNSET	SUGA	3	1	1120	125,000	9/24/10
119,990	810 W AEROPLANE	BBC	3	1.5	1010	115,000	10/7/10
121,125	46039 PARKWAY	BALD	4	3	2079	121,125	10/8/10
139,900	714 FAIRWAY	BBC	3	2	1895	142,000	10/4/10
149,900	999 CHERRY  LN	BLC	1	1.25	660	145,000	9/23/10
149,950	42541 LA CERENA AVE	MOON	2	1	836	149,950	9/24/10
169,500	426 WABASH LANE	SUGA	3	2	1408	169,500	10/20/10
169,750	42548 COUGAR	MOON	2	1	660	171,000	9/29/10
171,000	42771 CEDAR	MOON	2	1	862	176,000	10/8/10
173,500	1576 E BIG BEAR	BBC	3	2	1636	185,000	9/22/10
174,900	345 DIXIE LEE LN	SUGA	2	1.75	858	154,000	10/22/10
175,000	139 E MOJAVE BLVD.	BBC	3	1	1188	175,000	10/14/10
179,000	307 VISTA	SUGA	2	1.5	1318	155,000	9/24/10
179,000	43525 RIDGECREST DRIVE	MOON	2	1	660	169,000	9/30/10
179,900	861 E LANE	ERWL	4	2	1609	175,000	9/24/10
185,000	1133 MYRTLE	BBC	2	1.5	934	180,000	10/8/10
189,000	42990 MONTEREY	MOON	2	1	1002	180,000	9/22/10
189,000	1133 CANYON	FAWN	2	1	1152	170,000	10/13/10
198,000	721 TEHAMA	MOON	2	1.75	1050	185,000	10/4/10
199,500	1028 SEQUOIA	BBC	3	2	1328	176,000	10/15/10
199,900	1140 SUGARPINE	FOXF	3	2	1560	199,900	9/28/10
210,000	674 SPRUCE	BLC	2	1.5	925	190,000	9/23/10
217,900	232 E MOUNTAIN VIEW	BBC	3	3	1313	201,000	10/6/10
224,500	137 STARR DR	BBC	3	2.1	2128	218,500	10/1/10
225,000	332 MEADOW LN	BBC	3	1.5	1364	200,000	9/22/10
229,900	1006 MINTON	MOON	3	2	1232	235,000	10/1/10
239,000	1270 RIDGE ROAD	FAWN	2	1	1024	200,000	10/5/10
239,500	1084 BUTTE	MOON	3	1.75	1232	235,000	10/1/10
239,900	808 COVE	BLW	2	1	830	235,000	10/12/10
240,000	39341 LODGE	FAWN	2	2	1351	185,000	9/22/10
241,900	1627 MALABAR WAY	BBC	3	2	1616	235,000	10/6/10
244,500	1127 CRAGS	FAWN	3	2	1286	225,000	9/30/10
249,000	1048 BROOKSIDE	FAWN	4	2.5	1537	249,000	9/28/10
250,000	42954 FERN	MOON	3	1.1	1360	250,000	9/24/10
279,900	995 VILLA GROVE	MOON	4	2	1300	275,000	10/18/10
285,000	43354 DEER CANYON DR	MOON	3	2.5	1030	265,000	10/18/10
299,000	1522 MALABAR WAY	BBC	3	2	2064	283,000	10/6/10
300,000	975 CANYON	FAWN	4	2.75	2224	260,000	10/4/10
310,000	1133 PINON	ERWL	4	2	1888	285,000	9/27/10
315,000	810 PLUMAS	MOON	4	2	1728	285,000	9/30/10
319,000	334 SITES	BBC	4	2	1825	314,000	9/30/10
325,000	42356 AVALON	FOXF	3	2	1376	320,000	9/28/10
349,000	42551 PEREGRINE	MOON	3	2	1824	355,000	9/29/10
375,000	617 VILLA GROVE	MOON	3	2	1444	350,000	9/29/10
383,000	167 S ORIOLE	BLE	3	1.75	2255	363,800	10/18/10
392,700	160 SILVER PICK	FOXF	4	3	2680	392,700	10/6/10
399,000	270 SCANDIA	FOXF	4	3	2584	375,000	9/23/10
399,900	100 N ORIOLE DRIVE	BLE	3	2	2302	368,000	9/24/10
399,900	280 PINTAIL	BBC	4	3	2173	390,000	10/14/10
420,000	42032 EVERGREEN	BLE	3	2	1522	400,000	10/12/10
425,000	529 BERNHARDT	BBC	4	3.5	2300	379,000	10/13/10
425,700	136 STARVATION FLATS	FOXF	3	2.5	2052	400,000	10/13/10
429,000	1118 GOLD MOUNTAIN	BBC	5	3	3209	395,000	9/22/10
475,000	39534 LAKE DR.	BLC	3	4	3287	460,000	9/22/10
589,000	371 MEADOW CIRCLE NORTH	BLE	3	2	2172	540,000	10/7/10
599,000	42481 SWITZERLAND DRIVE	BLE	3	3	2359	530,000	10/14/10
649,000	40600 IRONWOOD DRIVE	BLC	4	4	3136	649,000	10/19/10
995,000	42132 SWITZERLAND DRIVE	BLE	3	2.5	3332	898,888	9/23/10
1,150,000	136 ROUND	BLC	3	1.75	1712	950,000	9/24/10
1,175,000	146 N EAGLE	BLE	4	3	3529	1,200,000	10/8/10
1,199,000	118 MARINA POINT DRIVE	BLE	4	3.5	4202	1,083,280	9/30/10

• 24 of these homes were bank owned (30.3%)
• 7 of these homes were short sales (8.8%)
• 48 of these homes were traditional sellers (60.7%)

Steve Hirschler
Market Specialist, Inventory Expert,
Big Bear Real Estate Agent
Coldwell Banker
The Tim Wood Group
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
DRE#01703081
stevehirschler@gmail.com
909 866-3481 EXT. 217
CELL 909 725-5889
Fax 909 866-3531

 

Big Bear Area 10 Year Deed Recordings History

Deed recordings year to date are 856 units. This represents a 8.5% increase in units over 2009 for the same period. The current inventory of homes for sale in the Big Bear MLS is 842 as of this morning, with 651 units sold YTD. 49  of the 842 homes are bank owned foreclosures, and 65 are listed as short sales. 37 lake front homes are on the market currently, with only 14 units sold this year. Vacant land inventory is 366 units, with only 51 sold this year.

Steve Hirschler
Market Specialist, Inventory Expert,
Big Bear Real Estate Agent
Coldwell Banker
The Tim Wood Group
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
DRE#01703081
stevehirschler@gmail.com
909 866-3481 EXT. 217
CELL 909 725-5889
Fax 909 866-3531

 

Big Bear Real Estate Fast Facts 5/4/2010

Residential Sales Year To Date 2009 vs 2010

• 2009 shown in Blue
• 2010 shown in Red

2009 BIG BEAR SALES YTD

2010 BIG BEAR SALES YTD

• Units Sold YTD are up 11.8% / 231 (2009) vs. 261 (2010)
• Average price sold is  down 11.8% / $273,770 (2009) vs $241,370 (2010)
• Average days on the market are stable / 131 (2009) vs. 132 (2010)
• Bank owned sales units YTD are stable / 113 (2009) vs. 112 (2010)
• Short Sales units YTD are up 66.7%  / 21 (2009) vs. 35 (2010)
• Traditional Sales units  YTD are up  15.8% / 96 (2009) vs 114 (2010)

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/author/stevehirschler (group website)
http://twitter.com/stevehirschler (follow me)
https://bigbearhomes.wordpress.com/client-endorsements/ (client endorsements)

California Wants to Impose Insurance Surcharge to Develop Emergency Fund

The California Senate Banking, Finance and Insurance Committee has passed a bill that, among other things, would impose a surcharge of 4.8 percent on commercial and residential fire and multiperil insurance policies to assist the state with the creation of an Emergency Response Fund in the State Treasury.

California has already established the California Emergency Management Agency to manage emergency and disaster response services, including activities necessary to prevent, respond to, recover from and mitigate the effects of emergencies and disasters to people and property. SB 1258 would require funds to be deposited into the Emergency Response Fund to be allocated to the program. The bill would also require the Secretary of California Emergency Management to allocate funds to specific entities to enhance or sustain fire and rescue disaster mutual aid capacity to combat the effect of all hazard disasters, according to the bill text.

The special purpose surcharge imposed on insurers would apply to all policies with combined property and liability coverage issued or renewed on or after July 1, 2010.

The Governor’s office estimates the surcharge will generate $238 million in the current year, and about $480 million annually from 2011 on.

The bill is scheduled to be heard in the Senate Appropriations Committee.

Source: California Legislature

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/author/stevehirschler (group website)
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City of Big Bear Lake Market Area Activity

• The inventory of homes available in the City of Big Bear Lake is at its lowest point in 3 years.
• The sales price is also near the lowest point in the past 3 years.
• Interest rates are at historic levels.
• Sales are relatively flat for this area.
• New units on the market typically peek during June.

If you would like to discuss Real Estate in the Big Bear Area, please give me a call.

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/author/stevehirschler (group website)
http://twitter.com/stevehirschler (follow me)

Big Bear Area 10 Year Residential Deed Recording History

Big Bear Deed Recordings YTD through February 2010 are down 11.6% from last year for the same period.  This is a small number considering the inventory is down to 624, close to 30% less than the approximately 900 units on the market last year at this time. It feels and looks like we will have a strong March, with 41 closed sales in the first 18 days. If you would like to discuss Big Bear Real Estate, please give me a call.

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/author/stevehirschler (group website)
http://twitter.com/stevehirschler (follow me)