Mar
19
Tag Archives: Big Bear Real Estate
Dec
29
Big Bear Real Estate Statistics, Sold 2011 vs 2012
Big Bear Real Estate Statistics, Sold 2011 vs 2012
In 2011 we had 865 closed residential sales in the Big Bear MLS. YTD through today 12/29/12 our closed residential sales are 1072 this year. The average price sold went from $154,858 in 2011 to $238, 197 in 2012, that is a 53.8% increase. The average price per square foot (a better indication of price trends) has risen from $144.03 in 2011 to $146.37 in 2012, a 1.6% increase year over year.
Big Bear Real Estate Sold YTD 2012
Big Bear Real Estate Sold 2011
With only 380 active listings in the Big Bear MLS, and 97 closed sales in the past 30 days we are now at an inventory level with 3.91 months of supply. If this trend continues in the new year, prices should begin to rise.
Nov
26
Big Bear Real estate Market 11/2012
market conditions for Big Bear Real estate.
Jul
17
Moving Habits of Californians
Jul
03
Top Ten Legal Mistakes Home Sellers Make
Jun
10
Market Conditions Report for the Big Bear Lake Area June 2012
Even though there appears to be the makings of a positive price trend, that trend may be temporary. Both the Absorption rate and the Ratio of Demand to supply is too high to support strong price moves.
Jun
05
How’s the Real Estate Market in Big Bear? June 2012
Being a Realtor in Big Bear, I get asked that question often. Real Estate is local and just like the weather, Big Bear is unique.
The short answer is that we have some good news for sellers.
Currently we have a low inventory of active listings (608 units). With 198 listings that are pending, contingent, or active contingent (short sales waiting for bank approval). These numbers are good news for sellers, last year we had less pending and more active.
Year to date we have had 357 closed residential sales, compared to 312 over the same period in 2011. (14.4% increase) Good news for sellers.
Valley wide the average price sold was $240,468 this year versus $240,023 last year. (flat) Price per square foot this year is $140.19 versus $150.33 last year. (6.74% down)
Not great news for sellers, but the average price sold is holding.
We still have a large percentage of cash buyers, with this years sale YTD having 31.6% cash versus last year YTD 36.5%
The price differential is still holding at 95% list to sale price.
Distressed properties (foreclosures and short sales etc) made up 46% of the closed sales this year compared to 48% last year YTD. Traditional sellers are still the top category here in Big Bear.
If you would like to discuss the Real Estate market here in Big Bear, please give me a call.
Steve Hirschler
909 725 5889
May
15
Foreclosure Trends for Big Bear Lake 92315
92315 Foreclosure 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.
May
07
Fast Facts / Moonridge Real Estate Update 5/6/12
5 new listings this week in Moonridge.
95 active listings in the Moonridge area of Big Bear.
Apr
21
Beautiful Eagle Point Estates Home with Boat Dock
Eagle Point Home
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Overview Maps Photos Description Market Stats |
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Steve Hirschler
Coldwell Banker DRE# 01703081
(909) 725-5889 stevehirschler@gmail.com http://www.stevesellsbigbear.com
Listed by: ColdwelL Banker / The Tim Wood Group |
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