What happened? The number of sales this July took an unexpected dip. Compared to July 2009, this July saw a 31% decrease in the number of sales of residential homes as reported in the Big Bear MLS. Although sales slowed significantly, the median price per square foot rose from $154 to $159 from last month, while [...]
Posts from ‘July, 2010’
Big Bear Real Estate – Median Price Per SF
As I’ve mentioned repeatedly over the years on my blog, it’s awful tough to find one set of numbers to really pinpoint where a market is at any given time. If I had to pick just one indicator to represent the market on a whole, I think it would have to be the ever-so-reliable median [...]
Mid-year check-up for Big Bear real estate
With the first 6 months of the year behind us now, it’s time to take a look at how the first half of 2010 stacks up to the first half of 2009. The following sales figures are of single family residences as reported in the Big Bear MLS Number of sales ~ 2009: 367 /2010: 399 ~ [...]
Short sales of Big Bear homes slowly gain market share
If you live in the wonderful world of real estate, short sales seem to be “the thing” these days. As many now know, a short sale is a transaction in which a homeowner is looking for their bank’s approval to sell their home for a loss. Because the owners are selling the property for less than what [...]
Big Bear real estate sales up compared to May, but dip in June year-to-year comparison
For the second consecutive month, sales of Big Bear homes slowed when compared to the same month a year earlier. June of 2009 saw 79 sales whereas in June of this year, sales dipped to just 72. Median and average sale prices of Big Bear homes also showed a year-to-year decline. The average sales price in June of 2009 [...]