Below is your weekly update for the Big Bear real estate market as of 3/9/2009.
| Property Type | Listings for Sale | Change from Last Week | Pending Sales | Change from Last Week | Sales Year to Date | Change from Last Week |
|---|---|---|---|---|---|---|
| RESIDENTIAL | 890 | +3 | 119 | +6 | 115 | +16 |
| VACANT LAND | 362 | +3 | 10 | +1 | 4 | 0 |
| CONDOS | 45 | 0 | 4 | -1 | 3 | +1 |
| GOVERNMENT LEASE | 12 | 0 | 0 | 0 | 0 | 0 |
| COMMERCIAL & RES INVESTMENT | 53 | -2 | 3 | -1 | 1 | 0 |
| BUSINESS OPPORTUNITY | 12 | -1 | 1 | +1 | 0 | 0 |
| TOTAL | 1374 | +3 | 137 | +6 | 123 | +17 |
These are the quick stats for the week -
45 new residential listings for the week – 4 bank owned, 10 short sales, and 31 organic. As I pointed out yesterday, look for short sale listing to increase over the next few months as banks try to work these sales more.
16 new residential closed sales for the week - 7 bank owned, 2 short sales, and 8 organic.
22 new residential pending sales for the week – 7 bank owned, 2 short sales, and 13 organic. The 22 included two high end lakefront properties, and word on the street it is the same buyer who purchased the $2.8 million dollar lakefront a few weeks ago. Someone’s got some money to spend. These sellers should be buying lottery tickets, they are that lucky!
See last week’s Big Bear real estate market numbers.
Big Bear Foreclosure Update For The Week
These 7 properties went back to the bank last week, expect to see them hit the market soon.
Below are the Big Bear properties that are set up to be auctioned for sale over the next week, quite a few I might add. If you are looking for a deal, and you have the cash available, one of these could be that property (though it might be a little late if you are just finding out about them now). The best way to buy one of these properties at a Trustee’s sale is to know about it months in advance. That is something I can help you with.
Be sure to check back here every Monday for your Big Bear Market Update or sign up to get this emailed to you every week.
* Information updated weekly, courtesy of the Big Bear MLS. This update includes MLS data from areas including Big Bear Lake, Big Bear City, Moonridge, Fox Farm, Sugarloaf, Erwin Lake, Fawnskin & Baldwin Lake. It does not include data from areas in the Big Bear MLS that are located outside of the Big Bear area or data on properties in Big Bear that are listed in other MLS systems.
