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Home Selling Advice

Many of us have crowded closets and store extra things in our garages. The problem is, potential buyers love to poke their heads into our closets and drawers. Clutter can turn off a perspective buyer or, worse yet, give them the feeling that the space is too small for their needs. Home buyers will also inspect kitchen cupboards and drawers. Organize them so they look spacious. Eliminate chipped or mismatched dishes and old pots or pans. Small upgrades like changing the counter tops and adding a new coat of paint … [Read more...]

Patty’s Picks of the Week

Here are my top picks of the week! Simply click on the highlighted link to see the details on the "best in show" properties! Under $100K: 828 Pine: Light, bright and super close to the National Forest, this charmer hosts an open floor plan with vaulted T&G ceilings in the living room.  A very clean property, oak cabinets,  nice windows,  and priced at $89,900 makes this one a winner! $100K-$200K: 42737 Conifer: This is a bank owned mountain cabin that is close to both ski slopes, restaurants and … [Read more...]

Big Bear Home Sales – October 2010

Home sales in Big Bear dropped 6% in October 2010.  The median sales price dropped considerably, down 12%, while average sales price dropped 16% in October. Big Bear Home Sales Home sales in October (79) were down when compared to the September sales (84). Year over year, sales were down 17% from October 2009 (94). 32, or 40%, of the 79 sales were bank owned, up 11% from last month and more in line with what we've been used to seeing. 7 of the sales, or 9%, were short sales, which is 1% more than last … [Read more...]

Big Bear Home Sales – August 2010

August home sales in Big Bear remained flat while the median sales price showed a slight drop, and the average sales price rose moderately. Big Bear Home Sales Home sales in August (68) were level when compared to the July sales (68). Year over year however, sales were down 9% from August 2009 (75). 20, or 29%, of the 68 sales were bank owned, 7% less than last month. This is one of the lowest months for bank owned sales that we've seen in some time.  The monthly average is normally in 40-50% range. 7 of the … [Read more...]

Big Bear Home Sales – January 2010

As expected, home sales in Big Bear dropped in January.  Sales in January represent buying activity in November and December - and peak holiday season = slow home buying season.  The median sales price dropped significantly as well. Big Bear Home Sales Home sales in January were down 29% when compared to the December sales (56 v. 79).  On a brighter note, sales were up 10% when compared to the same month last year (56 v. 51). Given that January thru April are the 4 slowest months of the year for sales, this number … [Read more...]

Big Bear Home Sales – May 2009

Big Bear Home Sales Home sales in Big Bear took a hit in May 2009, falling nearly 14% from May 2008 numbers - 65 in May 2008 vs. 56 in May 2009. This is the first month in 2009 where the monthly home sales were less than the same month last year.  A sign of things to come? Compared to the April 2009 home sales, they were down just about 8% (61 vs. 56). Year to date, sales are are still up about 23% from 2008, but that number is rapidly decreasing (231 vs. 285).  Keep in mind, sales in 2009 were close to 50% … [Read more...]

Big Bear Home Sales – November 2008

Home sales in Big Bear for November 2008 (50 total) dropped 25% as compared to the same month last year, and fell 32% from the October 2008 home sales number of 73. This is a pretty big drop in sales activity, which is most likely a result of all the negative economic news over the past 60+ days.  Typically, November & December are the best two months of the year for closings. The median price for the homes sold was $240,287, down 6% from Oct. 2008 and also down 15% from Nov. 2007. The median price has been … [Read more...]

Absorption Rates For The Big Bear Real Estate Market – October 2008

If you are thinking of buying or selling a home in Big Bear, you may want to take a look at the absorption rate of homes that are currently for sale. This is a good way to become more informed on the most current real estate market conditions in a particular area. There is an easy to understand article here describing what the absorption rate is and what it means for the real estate market. In simplistic terms, it is a mathematical equation that tells the amount of time it will take for a specified set amount of … [Read more...]

Big Bear Home Sales – October 2008

Home sales in Big Bear increased 28% in October 2008 as compared to the same month last year, but fell 11% from the September 2008 home sales number of 82. Though it is down, it was still the second best month for homes sales in Big Bear this year. The median price for the homes sold was $255,000, up 12% from Sept. 2008 but down 18% from Oct. 2007. The median price has been quite sporadic the past 6 months, ranging between $205,000 to $290,000. With such a limited amount of sales, any slight variation can throw … [Read more...]