Posts under ‘Uncategorized’

In 2012, all the major price measures indicate that the  Big Bear real estate market continued to see steady declines. But a look back at monthly pricing since July gives us a glimmer of hope! Take a look at the following charts showing a 6 year look at the market direction based on annual price measures: From 2010 [...]

The sales numbers for big bear homes are in for the month of November. So let’s take a look! Comparing this November to November 2010 This November, we saw 97 residential home sales compared to 96 in November of last year. The average sales price was $211,271 this November compared to $240,800 last year, resulting in a 12% decline [...]

 What an appropriate analogy it is to call this real estate market a roller coaster. Roller coasters use a man-made mechanism to pull one to heights greater than they should be according to the laws of nature. Then as the coaster rolls over the peak, it’s those very laws of nature that take over and a wild ride ensues. Continual ups [...]

How does a 3.96% 30 year fixed interest rate sound to today’s home buyers? Unbelievable! IF you can qualify for a loan, there’s never been a better time to do so…. LITERALLY! Check out this article: http://money.cnn.com/2011/10/06/real_estate/mortgage_rates/index.htm?iid=HP_LN With rates this low, long term real estate holding are getting more and more attractive. Hopefully these record low rates will cause the increase [...]

September 2011 saw 73 sales of single family residences. This is a decrease from the previous month’s 90 sales and September of last year’s 84 sales. Values this September were also lower than September of the previous year, with the average price declining 4% while the median price declined 7.5% to $274,003 and $185,000 respectively. Average and median prices per [...]

There seems to be a lot of misinformation in the Big Bear real estate marketplace about foreclosures and short sales – particularly in regards to how much of a market share they make up and what the future looks like for distressed homes sales. Again, let’s turn to the data to see what we can [...]

In previous posts I have stated that with prices having experienced record declines and interest rates being at their 35 year lows, that now is an advantageous time to invest in real estate in Big Bear. But what about luxury properties or lakefront homes? Have they experienced the same declines as the overall market? Or have homes in [...]

After a very slow July for Big Bear real estate,  August showed some rebound with sales up 40% and both median and average prices per square foot showing modest gains. In looking at the number of Big Bear homes sold, this August posted 89 sales as compared to only 64 sales last month and 70 in August [...]

Our friends over at ITC Title shared with me an historical perspective of where mortgage rates are in comparison to year’s past. Here’s a graph based on their information going back 35 years. As I’ve mentioned in several posts, with real estate values in Big Bear have fallen almost 50% since their peak in 2006 and with the lowest [...]

In response to my last post, I had a reader ask me to quantify how much prices have dropped in Big Bear since the real estate market downturn began. Here’s a chart showing the  median price per square foot of Big Bear homes since the market decline started. You can see that although there are ups and [...]