Dec 01

Fast Facts from the California Association of Realtors

Posted on December 1, 2011 by Steve Hirschler

Calif. median home price: October 2011: $278,060 (Source: C.A.R.)
Calif. highest median home price by region/county October 2011: Marin: $781,250 (Source: C.A.R.)
Calif. lowest median home price by region/county October 2011: Lake County: $96,500 (Source: C.A.R.)

Calif. Pending Home Sales Index: October 2011: 122., an increase of 3.1 percent compared with a prior year.

Calif. Traditional Housing Affordability Index: Third quarter 2011: 52 percent (Source: C.A.R.)

Mortgage rates: Week ending 11/23/2011 30-yr. fixed: 3.98% fees/points: 0.7% 15-yr. fixed: 3.30 fees/points: 0.7% 1-yr. adjustable: 2.79% Fees/points: 0.6% (Source: Freddie Mac)

Nov 08

Moonridge Real Estate Video Minute / Big Bear Area

Posted on November 8, 2011 by Steve Hirschler

These are the statistics for the 16 homes sold in the past 30 days in Moonridge area of Big Bear.

10 of these homes were traditional sellers. (62.5%)
6 of these homes were REO Foreclosures. (37.5%)
None of these homes were short sales.

The price differential of 95.24% tells us that homes that are priced well get offers within 5% of the asking price. With a median price sold of $196,000, Moonridge is quite affordable for most buyers in this market.

Please give me a call if you would like more information on the Moonridge Area, or any Big Bear Real Estate.

Steve Hirschler

909 725-5889

Oct 11

Big Bear Lake Foreclosure Trends

Posted on October 11, 2011 by Steve Hirschler

92315 Foreclosure Trends

Graph of Foreclosure Filings in Zip Code 92315

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.

California Foreclosure Process

Aug 18

Big Bear Area 10 Year Deed Recording History

Posted on August 18, 2011 by Steve Hirschler

89 deed recordings in July is the lowest number of recordings in this month for the past 10 years.

With 591 deed recordings YTD, we are still 22% (108 units) above the worst year of 2008.

2009 was also weaker YTD, with only 564 for the same period (4.5%) less than this year.

2010 had 645 for the same period , which is 9.13 % (54 units) higher than this year.

Hopefully the number of recordings will pick up again in the last quarter, as it did last year.

Aug 12

Supply and Demand in Big Bear Real Estate

Posted on August 12, 2011 by Steve Hirschler

Currently we have 813 residential units available in the Big Bear MLS. Year to date through 7/31/2011 we have closed 418 units, or an average of 60 units a month. Doing the math, that means we have a 13.5 month supply.

The number of qualified buyer’s is high, and contrary to rumors banks are lending money. At a very good rate I might add. In addition to this, CASH sales are making up 37% of our closed sales.

If supply decreases and demand remains unchanged, then it leads to higher price and lower quantity.

So, what would make things better? Obviously we need to filter through the foreclosures, short sales,and default properties before the market can expect to change direction. This could be accomplished sooner if there were less homes on the market.

Seller’s can be in control.

I know many of you sellers out there have reasons why you need to sell, but if we could just get half of the 813 units off the market things would improve. If we had 420 units on the market the available homes would get more of the buyers attention and eventually the prices would be driven up.

So….If you don’t need to sell, you might be able to improve the market by taking your home off the market. This will help the market recover sooner and may encourage banks to be more proactive in getting the short sales approved.

Just my thoughts,

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

May 30

YTD Statistics for Homes Sold in the Big Bear Area 5/30/2011

Posted on May 30, 2011 by Steve Hirschler

Below are the statistics for the different areas of Big Bear.

These charts show the information for:

Average number of bedrooms and baths
List price
List price per square foot
Sold price
Sold price per square foot
Price differential (sold price vs list price percentage)
Days on the market.

YTD Statistics for Big Bear Lake

YTD Statistics for the Moonridge Area

YTD Statistics for Fox Farm Area

YTD Statistics for Whispering Forest

YTD Statistics for Big Bear City

YTD Statistics for Fawnskin

YTD Statistics for Sugarloaf Area

YTD Statistics for Erwin Lake

YTD Statistics for Baldwin Lake

YTD Statistics for Lake Wiliiams

Apr 04

65 Homes Sold in the Big Bear MLS March 2011

Posted on April 4, 2011 by Steve Hirschler

Coldwell Banker “The Tim Wood Group” was involved in 28% of these sales.

65 Homes Sold in the Big Bear MLS March 2011

Price	Address	Area	Bd	Baths	SF Apx Ttl	Sold Price	Sold Date
1,650,000	373 STARLIGHT CIRCLE	FOXF	5	7	5900	1,360,000	3/16/11
879,000	42714 TIMBERLINE	FOXF	4	4.5	3053	700,000	3/4/11
795,000	1440 ROCKSPRAY COURT	MOON	5	4.5	3542	700,625	3/18/11
699,900	40618 SUNBURST	BLC	3	3	2972	675,000	3/1/11
699,900	1432 ROCKSPRAY	MOON	5	3	3058	650,000	3/24/11
699,000	719 BLUE JAY	BLW	4	4	3150	630,000	3/8/11
599,900	354 GLENWOOD	FOXF	4	3.5	3018	550,000	3/14/11
569,000	997 CLUBVIEW	MOON	3	2	1880	542,000	3/22/11
499,900	38620 NORTH SHORE	FAWN	3	2	1808	475,000	3/24/11
484,900	668 LINTNER	BLC	3	2.5	2040	440,000	3/24/11
400,000	41088 MARYLAND	BLC	3	2.5	3218	395,000	3/11/11
399,000	2032 WILDHORSE LN	ERWL	3	2.75	2292	370,000	3/2/11
399,000	1201 ALAMEDA	MOON	3	2	1828	389,000	3/4/11
369,900	40191 LAKEVIEW	BLC	4	2	1336	350,000	3/16/11
349,900	290 OLYMPIC DRIVE	FOXF	3	2	1798	335,000	3/22/11
339,000	1100 MYRTLE	BBC	4	3	2376	339,000	3/24/11
329,000	1143 BRUIN TRAIL	FAWN	4	2	2000	320,000	3/1/11
329,000	330 NORTHERN CROSS	FOXF	3	2	1612	325,000	3/16/11
325,000	1170 ALTA VISTA	MOON	5	2	2137	320,000	3/17/11
305,000	309 S EUREKA	BLE	3	2	1609	300,000	3/14/11
300,000	43613 COLUSA DRIVE	MOON	4	2	1872	286,000	3/25/11
289,000	583 THRUSH DRIVE	BLE	3	2	1771	275,000	3/10/11
275,000	716 VILLA GROVE	MOON	3	2	1332	265,000	3/24/11
254,900	828 TULIP	BLC	4	3	2280	244,900	3/9/11
242,190	1645 MALABAR	BBC	3	2.5	1944	189,000	3/15/11
225,000	748 CONKLIN	BLE	3	1.75	2124	220,000	3/4/11
209,900	1106 TETON DRIVE	MOON	2	1.5	1144	200,000	3/14/11
199,900	700 BOOTH	BBC	2	2	1618	210,000	3/29/11
195,000	1076 SYLVAN GLEN	MOON	2	1	1056	172,000	3/29/11
189,900	46076 RUSTIC CANYON RD	BALD	3	2	1800	168,000	3/15/11
187,250	1125 ANITA AVENUE	BBC	4	2	1400	174,900	3/25/11
185,000	966 CANYON ROAD	FAWN	2	1	1300	170,000	3/8/11
183,900	742 ORANGE	SUGA	2	1	816	178,000	3/14/11
168,000	43403 SHEEPHORN	MOON	3	2.5	1392	150,000	3/15/11
164,000	396 ORIOLE	BLE	3	1	1534	155,000	3/29/11
139,900	40256 ESTERLY STREET	BLC	3	1	1024	137,000	3/11/11
139,900	317 SUNSET	SUGA	3	2	1276	139,900	3/25/11
139,000	358 VICTORIA	SUGA	2	2	1000	139,000	3/29/11
129,900	804 E COUNTRY CLUB BLVD	BBC	2	1	1264	110,000	3/28/11
129,900	42588 PEREGRINE	MOON	1	1	500	129,900	3/3/11
128,500	733 ELYSIAN	BBC	2	1	864	122,000	3/17/11
125,000	687 TALMADGE	BLC	1	1	484	120,000	3/2/11
120,000	1005 E COUNTRY CLUB	BBC	2	1	1132	108,000	3/7/11
116,000	42683 LA PLACIDA	MOON	1	1	500	116,000	3/28/11
115,000	425 TIGER LILY	BBC	2	1	896	105,000	3/4/11
109,900	875 B	ERWL	2	1	1122	109,900	3/24/11
109,900	798 IMPERIAL AVE.	SUGA	2	1.75	1214	121,200	3/24/11
109,000	129 AEROPLANE	BBC	3	2	1064	109,000	3/1/11
106,000	2127 7TH LN	ERWL	2	1.5	1080	106,000	3/30/11
105,000	804 E MOUNTAIN VIEW	BBC	2	1.5	910	100,000	3/18/11
99,900	1224 E BIG BEAR BLVD	BBC	3	1.75	1668	98,500	3/1/11
99,418	332 SAN ANSELMO	BBC	2	1	884	96,000	3/11/11
99,000	41317 PARK	BLE	3	1.5	818	96,000	3/22/11
96,500	1057 PINE LANE	ERWL	2	2	1064	83,000	3/29/11
89,900	828 PINE	SUGA	2	1	608	85,000	3/24/11
85,000	432 W MOJAVE	BBC	3	2	1542	86,500	3/28/11
84,900	670 RIVERSIDE	SUGA	2	2	968	75,000	3/11/11
84,900	470 MORENO	SUGA	2	1.75	933	75,000	3/28/11
84,500	1554 MONTE VISTA	BALD	2	2	1156	87,000	3/18/11
80,000	953 PINON	ERWL	2	1.5	1152	85,000	3/22/11
79,900	816 ROBINHOOD	BBC	2	1	896	88,000	3/17/11
79,900	492 SANTA BARBARA	SUGA	1	1	715	79,900	3/4/11
64,900	2148 FIRST	ERWL	3	1.5	1296	61,000	3/18/11
64,500	567 PINE LANE	SUGA	2	1	684	64,500	3/8/11
39,900	716 W COUNTRY CLUB	BBC	3	2	1200	43,000	3/22/11

33 of these homes were TRADITIONAL SELLERS / 51%
23 of these homes were FORECLOSURES / 35%
9 of these homes were SHORT SALES / 14%

Big Bear Real Estate Statistics

Feb 05

What’s Selling In Moonridge?

Posted on February 5, 2011 by Steve Hirschler

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.