Big Bear Real Estate Blog

• Current Residential Inventory Available 766
• Last years inventory 10/2008 - 1078
• Inventory is down 29% from last year

• Residential Sales closed in the past 30 days - 78
• Homes sold October 2008 - 73
• Number of year to date closed residential sales - 681
• Number of year to date closed residential sales 561 for the same period in 2008 +21.3%

• Current Pending sales 154
• 39 of these are Bank owned 25% 
• That means  75% are not bank owned!

• Bank Owned Homes 46 make up only 6% of the inventory available in Big Bear
• That means 94% of the homes available in Big Bear are not Bank Owned!
• 261 of the 681 sold this year were bank owned 38%
• 77 of the 561 sold last year were bank owned 13.7%

What does all of this mean?

• There are less homes to choose from currently than there were a year ago.
• More homes have sold this year than last year for the same period.
• With 154 pending sales and 681 closed sales this year, more homes will be sold in Big Bear this year than last year (669) 
• Big Bear does not have a high percentage of bank owned properties available, but what is available is selling faster than other homes sold by traditional sellers.