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.

What’s Selling in Moonridge?

Sold in Moonridge Area of Big Bear 1/11 

Sold in Moonridge Area of Big Bear 1/11 

Sold in Moonridge Area of Big Bear 1/11 

Homes Sold In Moonridge 1/11

Price	Address	Bd	Baths	SF Apx Ttl	Sold Price	Sold Date
117,500	42594 LA PLACIDA	2	1	435	115,000	1/19/11
126,900	723 ELM	1	1	663	87,150	1/3/11
189,900	42708 COUGAR	2	2	1224	205,200	1/7/11
219,000	43544 RIDGECREST DRIVE	3	1.5	1144	200,000	1/27/11
349,900	1584 WOLF ROAD	3	2	1976	315,000	1/12/11
369,000	42816 MONTEREY	3	2	1514	345,000	1/7/11
499,900	1498 KLAMATH	4	3.5	2127	485,000	1/21/11
599,950	1680 WOLF	4	3.5	2932	540,000	1/20/11

Current Pending Sales in Moonridge

Price	Address	Area	Bd	Baths	SF Apx Ttl
119,000	42758 WILLOW	MOON	1	1	436
120,000	723 ELM	MOON	1	1	663
129,000	42758 COUGAR	MOON	2	1	650
129,900	42588 PEREGRINE	MOON	1	1	500
139,900	1056 CLUBVIEW	MOON	2	1.5	870
159,900	778 SILVER TIP	MOON	2	1	1080
179,000	42565 PEREGRINE AVE	MOON	2	1	760
179,000	42778 WILLOW AVE	MOON	2	2	1072
199,000	1301 BUFFALO	MOON	3	2	1078
205,000	43132 MOONRIDGE	MOON	2	2	1000
209,900	1106 TETON DRIVE	MOON	2	1.5	1144
250,000	798 SILVER TIP	MOON	5	3	2661
250,000	1591 TUOLUMNE ROAD	MOON	3	3	1662
264,900	1556 COYOTE	MOON	3	2	1560
295,000	667 VILLA GROVE	MOON	3	2	1340
300,000	43613 COLUSA DRIVE	MOON	4	2	1872
325,000	43230 SAND CANYON ROAD	MOON	4	3	2319
325,000	1394 LA CRESCENTA DRIVE	MOON	3	2	1536
439,900	596 LUCERNE	MOON	3	3	1989
599,000	1563 ANGELS CAMP	MOON	3	2.5	2500
795,000	1440 ROCKSPRAY COURT	MOON	5	4.5	3542
1,399,000	43044 DOGWOOD	MOON	4	4	3283

Current inventory of available homes in Moonridge is 124 units. If you are interested in a home in Moonridge, I can help you find the perfect match for you and your family. As a resident of Moonridge since 1990, I know the area as well as any Big Bear Realtor.

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

New Listing / 875 B Lane, Big Bear City

Big Bear Home  

Overview Maps Photos Market Stats

$109,900 Single Family Home Main Features 2 Bedrooms 1 Bathroom Interior: 1122 sqft Lot: 4,620 sqft Location 875 B Lane Big Bear City, CA 92314 USA

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Steve Hirschler  Coldwell Banker DRE# 01703081 (909) 866-3481 stevehirschler@gmail.com http://www.stevesellsbigbear.com  Listed by: ColdwelL Banker / The Tim Wood Group

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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

 

Big Bear Real Estate Inventory Levels

Units Sold (12 Months) by Home Category

*All 18 Homes that Sold over 1 million were traditional sellers

 

10 Year Deed Recording Information for the Big Bear Area.

Is It Time To Buy A Home?

These charts are courtesy of:

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

New Bank Owned Homes in Big Bear Under $150,000

Click here to see the details and additional photos of these new bank owned homes in Big Bear

Please give me a call if you would like to schedule a showing for any of these Big Bear homes.

Steve Hirschler / Coldwell Banker “The Tim Wood Group”

909 725 5889