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Moonridge Minute May 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

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June 2, 2009 Posted by | Big Bear Real Estate, Big Bear Real Estate Market, Moonridge | , , , | Leave a comment

Moonridge Minute April 2009, Big Bear Real Estate


Big Bear All Area’s / April 2009

• Total Residential Inventory in Big Bear as of May 1, 2009 – 896 units
• 130 Pending (in escrow)
• 57 closed sales with an average of 119 days on the market, price differential 95.56%.
• 28 Bank Owned with an average of 71 days on the market, price differential 89.61%

Moonridge Only / April 2009

• 154 Active listings
• 16 pending (in escrow)
• 13 Sold with an average of 125 days on the market, price differential 100.11%
• 6 Bank Owned with an average of 63 days on the market, price differential 100.11%

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”

May 1, 2009 Posted by | Bank owned in Big Bear, Big Bear Market, Big Bear Real Estate, Big Bear Real Estate Market, Moonridge, Sold in Big Bear | , , , , | 1 Comment

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”

 

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

Moonridge Minute(s) 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”

April 5, 2009 Posted by | Big Bear Market, Big Bear Real Estate | , , , , , | Leave a comment

Moonridge Minute(s) January 2009


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”

February 1, 2009 Posted by | Big Bear Real Estate | , , | Leave a comment

Residential Sales Big Bear MLS January 2009

These are the Closed / Sold Residential Properties for the month of January in the Big Bear Area MLS. As you can see the price range was substantial.  Only five of the thirty nine sold were priced over $500,000. Average price differential (list vs. sold) is at 95.02%  valley wide.  Below is the break down for the different areas of Big Bear.

  Big Bear City

Big Bear Lake

Erwin Lake and Meadowbrook

Fawnskin

Fox Farm

 

Moonridge

Sugarloaf

Whispering Forest

With 10 of the 39 (25%) of the closings happening in the Moonridge Area of Big Bear, I would say that the buyers are voting with their dollars.

 

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

 

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January 31, 2009 Posted by | Big Bear Market | , , , , , , | Leave a comment

Moonridge Minute 11/2008

November 4, 2008 Posted by | Big Bear Real Estate | | Leave a comment