A response from my last post asked if I could quantify the number of foreclosures potentially hitting the market over the next few months. There is no way you can definitively know how many foreclosures will hit the market, but you might be brave enough to make some assumptions by looking at the Notices of Default that [...]
Posts from ‘October, 2009’
Distressed properties still making up large portion of sales…
One factor that many think will be a determinant of when the Big Bear real estate market will turn definitively for the better is when the number of bank owned homes and homes being sold as short sales start to lessen. So far in 2009, we’ve seen distress sales make up anywhere from 34% to [...]
September Big Bear real estate numbers show sales continue to be strong as prices stabilize
The Big Bear real estate numbers are in for September and things continue to look better. Regarding the number of home sales in Big Bear, this September saw a 9% increase in sales compared to September of 2008. On a month-to-month basis, sales were up 16% from August to September of this year. Prices of homes [...]