Big Bear Moonridge Minute Real estate « Ask an Expert, Big Bear Real Estate

• 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.

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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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May 1, 2009 Posted by Steve | Bank owned in Big Bear, Big Bear Market, Big Bear Real Estate, Big Bear Real Estate Market, Moonridge, Sold in Big Bear | Bank Owned REO Listings Big Bear Real Estate, Big Bear Moonridge Minute Real estate, Big Bear Real Estate, Homes sold in Big Bear, Moonridge | 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 Steve | 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 | Bank Owned REO Listings Big Bear Real Estate, Big Bear Market, Big Bear Moonridge Minute Real estate, Big Bear Seller's Listings Pricing, Cabin in the mountains, Homes sold in Big Bear, Selling your home, Value | 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 Steve | Big Bear Market, Big Bear Real Estate | Big Bear Moonridge Minute Real estate, Big Bear Real Estate, Buying a home, Cabin in the mountains, Homes sold in Big Bear, Pricing your home | 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 Steve | Big Bear Real Estate | Big Bear Moonridge Minute Real estate, Big Bear Real Estate, Moonridge | 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

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

January 31, 2009 Posted by Steve | Big Bear Market | Big Bear Moonridge Minute Real estate, Big Bear Real Estate, Big Bear Seller's Listings Pricing, Buying a home, Cabin in the mountains, Moonridge, Value | Leave a comment

Moonridge Minute 11/2008

November 4, 2008 Posted by Steve | Big Bear Real Estate | Big Bear Moonridge Minute Real estate | Leave a comment

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Steve Hirschler

Market Specialist, Inventory Expert, Big Bear Real Estate Agent Coldwell Banker Associate, The Tim Wood Group Coldwell Banker Mountain Gallery 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
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"Working with Steve Hirschler was a great experience. I wish all real estate agents were like him. We came to Steve because we were looking for an investment and a vacation property, somewhere we could go to get away from the busy valley life in Los Angeles County and enjoy the mountains of Big Bear where we use to vacation as little kids. His method and personality really came through from the first meeting with him and through the process of finding our great little Gambrel in the Moonridge woods. At our first meeting, he helped take the car seat out of our truck so he could put it in his truck and drive us around the neighborhoods that he had planned to show us. He was very patient, being the father of 4 daughters himself, our one little boy was probably no trouble to have around at all. Steve is very knowledgeable about the area, he showed us many different places and made sure we kept in mind important strengths and desirabilities of particular neighborhoods. He really helped us to make a great decision about the Gambrel property. We knew it was going to be a lot of work, being a fixer REO property but my husband and I needed a project to keep us busy anyway. We had a certain budget, went back and forth on whether or not we needed one bedroom or 2 bedrooms, or a garage and Steve really paid special attention to this where other real estate agents would just keep trying to increase the bottom line and show us properties not always within our strict price range. We finally chose the 2 bedroom Gambrel with one bathroom and a fireplace. We were impressed with the way Steve marketed himself, we really enjoyed the streaming videos and the tone of his voice when describing properties. We were also impressed by his track record and all of the properties that he sold within the community. I enjoyed when he pointed out the properties that had sold. His confidence was contagious. The customer service Steve provided was something that had not been familiar to us in quite some time. He was not aggressive in a way where we felt anxious or rushed. He followed up with us on an almost daily basis and replied at once. That was probably the most pleasant thing about the whole transaction, his communication skills and the high class customer service that he provided. My husband and I are not wealthy, we both work full time, but Steve treated us like we were customers willing to spend a million bucks. Thank You, Steve! "Steve was great in handling every aspect of the purchase. He is very knowledgeable about real estate in Big Bear and his advice regarding the different negotiations (price, contingencies, etc.) resulted in a smooth purchase. " -- Feb 19, 2009 by Roy and Heidi "GREAT TO WK W/,VERY KNOWLEDGABLE AND WILLING TO GO THE DISTANCE." -- Feb 17, 2009 by Doug and Terri Canaan "Steve's dedication and persistance, in a difficult market,allowed us to avoide a foreclosure buy finding an acceptable offer for a short sale for our czbin. He was very patiant at times when most people would be loosing it! He got us where we needed to be and stayed with us all the way. Thanks Steve!" -- Feb 16, 2009 by David Ruppel "Steve helped me sell an older cabin needing renovation in a difficult market in a short period of time." -- Feb 5, 2009 by Steve Wilson "Steve was a pleasure to work with. He was easy to talk to and very professional in all our dealings. So much so that I have keep in contact with him about our endeavors in Big Bear." -- Sep 22, 2008 by Chris Jones "Steve is professional, detail-oriented, listens to clients, and is very responsive. He has a deep knowledge of the Big Bear Lake market. He has been as helpful after the sale, assisting us in getting settled as he was during the sale process. I highly recommend him to anyone seeking a home or vacation cabin in the Big Bear Lake area." -- Sep 21, 2008 by Gary Chapman "We were very happy with the service provided to us when we purchased our Big Bear home from Steve. We would definitely recommend him and have to folks who've inquired about purchasing a home up in Big Bear." -- Jun 9, 2008 by Irene Briones "Steve was amazing to work with! I told him what I was looking for, price range, location, condition of cabin, etc. and he found exactly what I wanted in less then a month! He walked me through the loan process, helped me get settled in the community and has become a dear friend! I have been happy to refer him to several of my friends who are interested in buying in Big Bear! I am SO THANKFUL that I found Steve!" -- May 12, 2008 by Kathleen Eaton "Mr. Hirschler did exactly what we retained him to do, sold our home for us. His Integrity, and professionalism place him high on the list of Real Estate Professionals, and would come highly recommended from my wife and I." -- May 4, 2008 by David Saderup "Steve brought the right balance of professionalism and personal touch to the process. Great guy....great job!" -- May 4, 2008 by Scott Mac Gregor "Steve gets an A for effort in working the details of a transaction. We enjoyed working with him and appreciate his continued interest and support." -- May 3, 2008 by Gordon Leon "I first met Steve when the Agent that I had gone to see never showed up at the house he was supposed to show me. I called the number on the sign and as luck would have it, it was Steve's listing. He then took me to a home that I made an offer on and bought. I called him again to help me find a home for my son, and again I made an offer upon seeing it for the first time. Yes, I would recommend him in an instant. Mary Simone" -- May 2, 2008 by Mary Simone "Steve Hirschler is a hard working, enthusiastic agent. Whether you are buying or selling, you will be more than satisfied with his knowledge, ability to communicate and follow-up once the paperwork is signed." -- May 2, 2008 by Chris Ricks "Extremely profession in all aspects. A pleasure to deal with. An all around good guy." -- May 2, 2008 by Robert Cutuli
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