Big Bear Short Sale « Ask an Expert, Big Bear Real Estate

Active residential listings are now at 889, the lowest level in over 3 years.
58 of the 889 listed homes are foreclosure listings, or only 6.52% (Very Low Number).
50 closed residential sales in the Big Bear MLS for the month of February, compared to 34 in 2008. (47% increase)
25 of these 50 (50%) were foreclosures and 4 were short sales. (8%) of sales.
In February 2008, 9 of the 34 residential sales were foreclosures (26%) and none of them were short sales.

I see a trend. 2 months of unit sales increases, and inventory is going down not up…..

What do you think this is signaling?

Remember, Real Estate is Local!

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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March 1, 2009 Posted by Steve | Big Bear Real Estate | Bank Owned REO Listings Big Bear Real Estate, Big Bear Market, Big Bear Real Estate, Big Bear Short Sale, foreclosure, Homes sold in Big Bear | Leave a comment

Lakefront Homes in Big Bear

Big Bear Lake has some great lakefront homes available.

Big Bear Lakefront Home

There are 37 lakefront homes available currently. These lakefront homes are priced between $500,000 and $3,100,000. With 17 sold in all of 2008, that is a 2 year supply. Of these 35 active listings, 2 are bank owned (.57%), and 1 is a short sale. I should mention that there is another short sale that is not listed in the local Big Bear MLS (like fishing with no bait). I predict that the 2009 summer season will be a good year for unit sales on lakefront homes in Big Bear since the lake level will be high, and because of market conditions many buyers will think that lakefront homes are selling at huge discounts. They are not. While lakefront home pricing has dropped approximately 15 – 20%over the past 3 years, the drop is much less than the overall Big Bear market. If you are in the market for a lakefront home in Big Bear, it is not a bad time to start looking.

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”

February 21, 2009 Posted by Steve | Big Bear Real Estate | Bank Owned REO Listings Big Bear Real Estate, Big Bear Real Estate, Big Bear Short Sale, Buying a home, Cabin in the mountains, homes with a dock, lakefront | 1 Comment

Short Sale Listings in Big Bear

If you would like to see the current Short Sale listings in Big Bear, just click on the link below.

Big Bear Short Sale Listings

Please give me a call to schedule a showing on any active Big Bear property.

Regards,