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

 

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

 

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

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.

$18,000 IN COMBINED HOMEBUYER TAX CREDITS FOR A LIMITED TIME

Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits.  To take advantage of both tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, 2010, and close escrow between May 1, 2010 and June 30, 2010, inclusive.  Buyers who are not first-time homebuyers may use the same timeframes to receive up to $16,500 in combined tax credits if they are long-time residents of their existing homes as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law.
Under the federal law slated to soon expire, a first-time homebuyer may receive up to $8,000 in tax credits, and a long-time resident may receive up to $6,500, for certain purchase contracts entered into by April 30, 2010 that close escrow by June 30, 2010.  Additionally, under a newly enacted California law, a homebuyer may receive up to $10,000 in tax credits as a first-time homebuyer or buyer of a property that has never been occupied.  The new California law applies to certain purchases that close escrow on or after May 1, 2010 (see Cal. Rev. & Tax Code section 17059.1(a)(4)).  California law generally allows buyers of never-occupied properties to reserve their credits before closing escrow, but buyers seeking to combine the federal and state tax credits will not be able to satisfy the timing requirements for such reservations (see Cal. Rev. & Tax Code section 17059.1(c)(1)(A)).  Other terms and restrictions apply to both tax credits.
For more information, C.A.R. offers a Homebuyer Tax Credit Chart with a side-by-side summary of the federal and California laws.  C.A.R. also offers a legal article entitled Homebuyer Tax Credit Update.

Information provided by ” California Association of Realtors”

30 Year Mortgage Rate Chart

30 Year Mortgage Rate Chart

As you can see, rates are at historic lows. Call Martha McKinley to get pre-qualified for your next purchase.

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”

New Bank Owned REO Homes in Big Bear 5/9/2009

These are the 3 new bank owned homes that came on the market this week in Big Bear.

Listing Courtesy of Woodstock Real Estate

This home last sold for $219,900 in June of 2003!  It is located in Big Bear City, just off of North Shore Drive, HWY18. This is a nice home that has a 5000 sq ft lot. Nice Gambrel style home with large bedrooms. Over sized 1 car garage with unfinished room above. Room for a boat or Rv Parking. Covered deck.

Listing Courtesy of PREMIER PROPERTIES SOTHEBY'S INT'L

Last sold for $340,000 in December 2004! Beautiful Home with vaulted ceilings and 2 x 6 construction. Riverrock fireplace and built in entertainment center. Large master suite with walk in closet and double sinks in master bath. Open kitchen with custom cabinets. Laundry room with sink. Redwood decking, and over sized insulated garage, and fenced yard.

Listing Courtesy of KELLER WILLIAMS BIG BEAR LAKE ARROWHEAD

Last sold for $229,000 in October 2006! Corner lot, Gambrel construction, rock fireplace, and storage shed. Seller is offering 3% paid points toward permanent rate buy down with Prospect Bank.

 

As of this morning, we have 47 bank owned  homes (REO’s) on the market, that’s only 5.2% of the 897 active listings. Please call or email if you want to purchase a bank owned home in Big Bear, I will get you the best deal.

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”

Sold in Big Bear Week ending 4/18/2009

Click here for property details

3 were bank owned “50%”

One of these homes was a short sale

2 were organic (traditional seller)

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”

 

Bank Owned Statistics for the Big Bear Area

Currently we have 45 bank owned homes available in the Big Bear Area MLS. There are 891 active listings, so the bank owned homes are 5% of the available homes. A low number for sure. 

 

There are 48 bank owned homes in escrow. This is 41% of the 118 total number of homes in escrow.

 

Year to date through 4/10/2009 we have sold 88 bank owned homes. This is 49% of the 181 that have sold in the Big Bear Area. The average days on the market are 76, and the price differential is 86.70%.

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”

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”