Homes Sold in Moonridge Area of Big Bear

These are the statistics for the 90 homes that have sold in the Moonridge area of Big Bear since June 1, 2010.

90 Homes Sold in Moonridge Area of Big Bear

One of the more important numbers on this summary is the price differential. At 98.38%, this tells me a couple things that buyers and sellers in Moonridge should note. First, most homes sold in Moonridge during this time period sold within 2% of the list price. Sellers that list their homes with a price cushion that exceeds 10% will not see the showing activity required to produce an offer. Buyers that offer 10 – 15% below list price will often be outbid. Knowing what the market value really is will be the difficult factor for both buyers and sellers. With 142 active listings in the Moonridge area, we are now at a 9.4 month supply. There are 19 home that are in escrow currently. During this same period last year we had 117 closed transactions in Moonridge. While days on the market often is used by buyers to determine what price to offer, the more important number is days at the current price.

Sold in Moonridge Big Bear

As a resident of the Moonridge area since 1990, I can help you select the perfect home for your family. Don’t hesitate and miss one of the best buying opportunities in years in this beautiful mountain resort community.

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)

68 Homes Sold in Big Bear 4/2010

Price	Address	Area	Subarea	Bd	Baths	SF Apx Ttl	Sold Price	Sold Date
895,000	40218 LAKEVIEW	BLC	GBLC	3	2	2100	800,000	4/21/10
675,000	42384 EAGLE RIDGE DR	FOXF	CAST	4	3.5	3700	645,000	4/23/10
639,900	42573 BEAR LOOP	BBC	BL	5	4	3220	595,000	4/15/10
550,000	1141 ALAMEDA ROAD	MOON	HITR	3	2	1840	525,000	4/15/10
449,900	42507 JUNIPER	FOXF	GFOX	3	2.75	2242	387,500	4/16/10
425,000	174 LAGUNITA	BLC	GBLC	3	1.75	1084	380,000	4/30/10
425,000	39198 ROBIN ROAD	BLW	GBLW	4	3.5	2100	400,000	4/29/10
409,000	42753 HAUPSTRASSE	FOXF	ALP	4	3	2352	410,000	4/15/10
399,900	1349 LA CRESCENTA	MOON	GMO	3	2	1428	370,000	4/12/10
399,900	43036 MONTEREY	MOON	GMO	3	2.5	1688	387,000	4/21/10
398,000	870 WALDSTRASSE WAY	FOXF	ALP	3	2	1997	375,000	4/23/10
395,000	405 WAGON WHEEL	BBC	SHAY	5	3	2690	350,000	4/14/10
379,900	103 WINDING LANE	BBC	GBBC	4	2.5	2569	367,000	4/15/10
375,000	871 POPLAR ST	MOON	LWMR	3	2.5	1834	360,000	4/28/10
369,900	630 E MOUNTAIN VIEW	BBC	FORE	3	2	1582	368,000	4/13/10
329,900	43294 DEER CANYON	MOON	GMO	3	2	1466	330,300	4/26/10
299,900	533 MALTBY	BBC	BBCE	3	2	1800	285,000	4/26/10
299,900	217 ELGIN	BLC	GBLC	3	3	2366	300,000	4/8/10
299,900	939 MCALISTER	FOXF	ALP	4	2	1891	277,000	4/1/10
289,000	1141 WILLOW	ERWL	GER	4	2	1782	275,000	4/23/10
274,900	42706 JUNIPER	FOXF	GFOX	3	2	1600	273,500	4/19/10
265,000	667 ELM STREET	MOON	LWMR	3	2	1300	245,000	4/23/10
260,000	41416 EASTWOOD	BLE	EAGL	3	1.75	1283	255,000	4/27/10
250,000	481 HILLENDALE	BBC	GBBC	3	2.5	1271	240,000	4/22/10
247,900	42794 REDWOOD	FOXF	GFOX	3	2	1530	240,000	4/5/10
235,000	42803 MONTEREY	MOON	GMO	3	2	1584	235,000	4/28/10
230,000	150 CRATER LAKE RD	FOXF	GFOX	2	1	876	220,000	4/27/10
230,000	42707 PEREGRINE	MOON	GMO	3	1.75	1640	228,000	4/21/10
227,900	691 VILLA GROVE	MOON	GMO	3	2	1602	250,000	4/5/10
225,000	138 POPLAR	FOXF	GFOX	3	2	1764	225,000	4/30/10
219,000	40186 NARROW LN	BLC	GBLC	3	2	1378	204,000	4/29/10
215,000	913 MENLO DRIVE	MOON	GMO	3	2	1152	209,800	4/9/10
214,900	1593 MALABAR	BBC	SHAY	3	2	1508	230,000	4/23/10
199,900	1895 BALDWIN LAKE ROAD	BALD	GBAL	4	2.5	1675	190,000	4/30/10
199,900	1225 FOX FARM ROAD	FOXF	GFOX	3	2	1120	180,000	4/8/10
199,900	43300 SAND CANYON	MOON	GMO	2	1.5	1022	199,900	4/5/10
199,500	39559 RED  ROBIN  DR.	FAWN	GFS	2	1	808	160,000	4/21/10
189,000	1040 E COUNTRY CLUB	BBC	GBBC	3	2	1300	170,000	4/14/10
184,900	1002 GREENWAY	BBC	BBCE	3	2	1728	175,000	4/13/10
182,000	1036 SIERRA	BBC	NSE	3	2	1115	160,000	4/16/10
169,900	41661 BROWNIE	BLE	GBLE	2	1	1120	180,000	4/20/10
165,000	612 KEAN WAY	BBC	GBBC	2	1	952	160,000	4/12/10
158,125	535 HIGHLAND	BLC	GBLC	2	1	873	155,000	4/29/10
150,000	1233 MANN	BBC	BBCE	2	1	1200	138,000	4/2/10
150,000	1024 NANA	BBC	NSE	2	1	864	150,000	4/16/10
149,900	697 VILLA GROVE	MOON	GMO	1	1	750	148,000	4/28/10
149,900	644 S MAPLE	SUGA	GSUG	2	2	1052	149,900	4/15/10
145,000	40191 BEVERLY LN	BLC	GBLC	2	1.5	780	145,000	4/21/10
144,500	710 MARIN RD	BLC	GBLC	4	2	1394	130,000	4/22/10
139,500	2248 OAK	ERWL	GER	3	2	1160	115,000	4/29/10
139,000	308 SAN BERNARDINO	SUGA	GSUG	2	1	896	120,000	4/21/10
130,000	42827 MONTEREY	MOON	GMO	2	1	840	120,000	4/14/10
129,600	609 ROSE HILL	BBC	GBBC	3	1	1364	130,000	4/9/10
129,000	1093 MOUNT DOBLE	BBC	NSE	4	2	1632	136,000	4/12/10
128,800	1126 MYRTLE	BBC	NSE	2	1	816	129,000	4/2/10
127,900	42930 ENCINO	MOON	GMO	2	1.5	1458	137,000	4/30/10
126,000	687 MARIN ROAD	BLE	GBLE	2	1	572	120,000	4/2/10
125,000	1160 WENDY	BBC	NSE	2	1	884	121,000	4/26/10
119,900	107 DAWN	BBC	GBBC	1	1	694	94,000	4/16/10
119,900	733 PINE	SUGA	GSUG	2	1	780	115,000	4/13/10
119,900	880 ORANGE	SUGA	GSUG	2	1	900	120,000	4/15/10
119,850	2064 2ND LANE	ERWL	SLN	3	2	1129	120,000	4/14/10
114,900	333 GREENSPOT	BBC	BBCE	2	1	912	120,000	4/27/10
114,500	1140 ROBINHOOD	BBC	GBBC	2	1	832	121,000	4/23/10
102,500	815 RAINBOW BLVD.	BBC	GBBC	2	1	896	110,500	4/17/10
95,000	2154 FIRST LN.	ERWL	SLN	2	1	704	90,750	4/9/10
88,000	858 FIR LANE	ERWL	SLN	2	1	720	62,500	4/29/10
68,500	715 SAN BERNARDINO	SUGA	GSUG	2	1	570	65,000	4/5/10

Click here to see the details and photos of these homes.

These are the homes posted as SOLD on the Big Bear MLS for the month of April 2010.

Fast Facts on these closings:

• 32 of these were “Traditional Sellers” = 47%
• 27 of these were “Bank Owned”  = 40%
• 9 of these were “Short Sales” = 13%

• The median sold price was $194,950.
• That means 1/2 of the homes sold in April were under this price!
• Only 8 of the closed sales were priced over $400,000 = 12%

• The price differential was 94.89%
• That means the buyer’s negotiated a 5.11% discount on these homes. (not the 10% that most buyers think is reasonable)

The Tim Wood Group listed 17 of these 68 homes sold = 25%

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)

If Your Going To Sell, I Wouldn’t Wait For The Market….

I was at this same meeting yesterday with Tyler. Even though this isn’t a positive message, I think it is important for sellers to hear. Thanks Tyler!

Something that I also heard from Leslie Appleton Young (Chief Economist for CAR) is that over 50% of the homes that sold in California last year had multiple offers. This is important to understand as a buyer, great deals are not found by only one buyer.

16 Homes Sold this Week in Big Bear 3/20/2010

Click here to see the details for these homes.

• 9 of these homes (56%) were bank owned foreclosures, with average days on the market of 63.
• 4 of these homes (25%) were short sales, with average days on the market of 292.
• 2 of these homes (12.5%) were traditional sellers, with average days on the market of 67.

The ratio of closed short sales is the highest that I have seen this week. I don’t think this is a sign of things to come, just a coincidence….

Price differential is still holding high at 99.82% of list price. Overpriced properties are not selling. If you are a seller in this market, your list price is the most important thing that your agent provides to you. Don’t make the mistake of interviewing multiple agents and selecting the agent with the highest price, or lowest commission.

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)

In Big Bear, List Prices Can Be Deceiving These Days…

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
http://www.bigbearhomes.wordpress.com (blog)
http://www.stevesellsbigbear.com (website)
http://www.activerain.com/blogs/slhoo7\ (blog)
http://www.thetimwoodgroup.com/author/stevehirschler (group website)
http://twitter.com/stevehirschler (follow me)

53 Big Bear Homes Sold in January 2010

Sold in Big Bear January 2010

ML #	Price	Address	Area	Bd	Baths	SF Apx Ttl	Sold Price	Sold Date
292018	32,999	516 IMPERIAL	SUGA	1	1	324	27,000	1/29/10
282480	40,000	577 MAPLE	SUGA	1	1	216	35,000	1/20/10
292313	56,800	463 CEDAR LANE	SUGA	1	1	540	55,000	1/29/10
292093	59,900	607 SPRUCE	SUGA	1	1	600	58,000	1/12/10
2100159	64,900	617 SANTA BARBARA	SUGA	2	2.1	1718	64,000	1/29/10
292402	86,900	713 W COUNTRY CLUB	BBC	2	1.5	770	84,000	1/11/10
282553	89,000	218 MAPLE LANE	SUGA	2	1	643	89,000	1/28/10
291915	95,000	309 W RAINBOW	BBC	2	1	720	88,000	1/27/10
282786	95,000	862 B LN	ERWL	2	1	740	80,000	1/12/10
290939	95,000	744 WABASH	SUGA	2	1	716	90,000	1/15/10
292419	99,000	731 KERN AVE.	SUGA	2	1	900	97,000	1/5/10
291152	100,000	855 ASH	ERWL	3	2	1188	95,000	1/27/10
282720	105,000	464 LOS ANGELES	SUGA	2	1	600	100,000	1/15/10
292406	105,000	239 MAPLE	SUGA	2	1	832	102,750	1/27/10
292022	106,135	42955 FALLS	MOON	1	1	648	106,300	1/25/10
292295	119,900	145 HIGHLAND	SUGA	2	1	864	111,000	1/6/10
281170	125,000	2161 3RD. LANE	ERWL	2	1	995	110,000	1/11/10
292220	129,000	733 W AEROPLANE	BBC	4	2	1456	128,000	1/6/10
292338	132,500	1041 SEQUOIA	BBC	2	1	816	123,000	1/22/10
291075	139,900	837 E MOUNTAIN VIEW BLVD	BBC	2	1.75	1590	145,000	1/4/10
280738	149,000	840 E. MOUNTAIN VIEW	BBC	3	1	864	141,000	1/4/10
292500	150,000	2200 MANZANITA	ERWL	2	1	958	150,000	1/22/10
292491	154,400	43315 SHASTA RD.	MOON	3	1.75	1632	155,000	1/8/10
292289	162,500	553 HIGHLAND RD.	BLC	2	1	948	162,500	1/11/10
292258	164,900	448 BARRETT	BBC	3	2	1634	160,000	1/5/10
292495	176,900	1123 MOUNT SHASTA	WHIS	3	2	1115	180,000	1/13/10
290621	179,000	456 EDGEMOOR	BLC	3	2	1040	165,000	1/21/10
2100029	184,000	1332 FLINTRIDGE  AVE	MOON	2	2	1356	160,000	1/5/10
290211	199,900	832 ASH	ERWL	3	2	1369	172,500	1/27/10
291370	199,900	749 KERN	SUGA	3	3.5	1506	133,875	1/12/10
292133	216,500	42608 CEDAR	MOON	3	2.5	1608	205,000	1/22/10
292524	219,000	44513 EUCALYPTUS	SUGA	3	2	1200	205,000	1/25/10
292249	224,900	268 GREENSPOT	BBC	3	2	1352	213,000	1/19/10
291405	239,000	41464 OAK	BLE	2	2	900	220,000	1/5/10
292052	239,900	329 SCANDIA	FOXF	2	2	1140	218,000	1/4/10
291631	249,000	583 GEORGIA	BLC	3	1.75	1266	225,000	1/12/10
290899	249,000	798 MORENO	SUGA	3	2	1408	240,000	1/5/10
290582	269,000	619 KNIGHT AVE.	BLC	2	2	1314	255,000	1/7/10
291750	272,000	354 DAVOS	BBC	3	3	1470	265,000	1/12/10
292503	289,000	1412 KLAMATH	MOON	3	2	1385	285,000	1/22/10
292296	299,000	39543 RACCOON	FAWN	2	2	1552	294,000	1/4/10
291466	299,900	568 TIMBER LANE	BLW	3	1.75	1967	292,000	1/21/10
291006	330,000	41666 TANAGER	BLE	3	2	1441	320,000	1/20/10
292373	339,900	1252 PINEY RIDGE	FAWN	3	2	2280	325,000	1/5/10
292368	349,000	43262 SUNSET	MOON	3	2	2400	340,000	1/8/10
291874	354,900	761 MENLO DR.	MOON	5	3	2258	350,000	1/8/10
292301	369,900	43905 CANYON CREST	MOON	3	3	1727	350,000	1/8/10
292431	379,900	1287 BRUIN TRAIL	FAWN	3	2	1862	370,000	1/19/10
292505	524,900	1217 BOW CANYON COURT	MOON	3	2.5	3028	510,000	1/28/10
291918	543,900	42438 BEAR LOOP	BBC	5	3.5	2933	534,900	1/19/10
281913	549,000	41196 MARYLAND	BLE	3	2	2017	512,000	1/27/10
291312	775,000	850 MENLO	MOON	4	3	3059	775,000	1/8/10
292388	1,150,000	1903 SHADY LANE	ERWL	3	2.5	3121	1,000,000	1/26/10

23 of these homes were bank owned (43%)

4 of these homes were short sales (7.5%)

26 of these hoes were traditional sellers (49%)

Click here to see the details of these properties

As you can see, homes are selling in Big Bear. There is no shortage of buyers for homes that are priced at market value. If your home is on the market for more than 30 days and it hasn’t sold, chances are your overpriced.

2009 Big Bear Real Estate Recap

Year end inventory of residential homes available in Big Bear is 678 units. Sales of residential homes for the year were 872 (669 in 2008 +30 %) . This gives us a 9.34 month supply at this rate of sale. When I broke down the price ranges of homes available and homes sold these are the numbers.

2009:

• Homes under $300,000 / active inventory 357 units / units sold in 2009 = 602 / 7.11 month supply
• Homes $300,000 – $700,000 / active inventory 210 units / units sold in 2009 = 222 / 11.3 month supply
• Homes over  $700,000 / active inventory 112 units / units sold in 2009 = 48 / 28 month supply

• Homes in the highest price range (over $700,000) have 16.5 % of the inventory, but make up only 5.5% of the unit sales.
• Homes $300,000 – $700,000 have 31% of the inventory, and 25% of the sales.
• Homes under $300,000 have 41% of the inventory and have created 69% of the sales in 2009.

In 2008 the picture was different:

• Homes in the highest price range (over $700,000) made up 7.3% of the unit sales.
• Homes $300,000 – $700,000 contributed 33% of the sales.
• Homes under $300,000 were 59% of the closed escrows.

Unit sales have gone up 30% in 2009, but for the mid and upper price ranges they are down. I think in 2010 we will see more foreclosures in the higher price ranges than we have in 2009. This will require traditional sellers in the higher price ranges to reduce their list prices if they want to sell. Homes in the the lowest price  may see prices stabilize in 2010.

What’s Selling in Big Bear?

13 homes have closed escrow here in Big Bear during the first 13 days. (Click here to see the details) 

The price differential of 94.5% is a good indication of what you might expect to pay when you find a home that stands out as a good value. Most homes in the Big Bear area have sold within 8% of list price this entire year. The homes that are over priced just don’t get looked at and don’t sell.

The current residential inventory is now at 708, the lowest level in the past 3 1/2 years. 

Last month we had 92 homes close escrow which gives us a  7.7 months supply at this rate.

Year to date we have closed 822 homes, a 27.2% increase over last years 646 for the same period.   

While interest rates are still very good, selection is getting limited. If this trend continues, I think prices will stabilize.

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?

or

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.