Big Bear Real Estate Blog: July 2009

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Steve Hirschler, Big Bear Real Estate

Coldwell Banker, The Tim Wood Group

Address

42163 Big Bear Blvd., PO BOX 6820, Big Bear Lake, CA, 92315

Office

(909) 866-3481 x 217

Cell

(909) 725-5889
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5 New bank Owned REO Homes in Big Bear, 7/25/2009

As of this morning, we have 50 bank owned homes (REO's) on the market, that's only 5.48% of the 912 active listings. Please call or email if you want to purchase a bank owned home in Big Bear,

I will get you the best deal.

I can show you any home for sale in Big Bear.

Search the Big Bear MLS (Multiple Listing Service)

Search the Southern California MLS (Multiple Listing Service)

Steve Hirschler

Associate, The Tim Wood Group

Coldwell Banker Mountain Gallery

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

stevehirschler@gmail.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

http://www.stevesellsbigbear.com

Follow me on Twitter

Subscribe to "Ask an Expert, Big Bear Real Estate Blog"

Previously Posted on "Ask An Expert, Big Bear Real Estate"

Steve Hirschler

DRE#01703081

Associate, The Tim Wood Group

Coldwell Banker

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

stevehirschler@gmail.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

www.bigbearhomes.wordpress.com (blog)

www.stevesellsbigbear.com (website)

www.activerain.com/blogs/slhoo7\ (blog)

www.thetimwoodgroup.com (group website)

http://twitter.com/stevehirschler (follow me)

0 comments • Steve Hirschler, Big Bear Real Estate • July 28 2009 11:32AM

12 Homes Sold in Big Bear, 7/19 – 7/26/2009

Click here to see the details on these 12 homes.

6 of these homes were traditional sellers "50%", with a price differential of 98.17% of list price and 190 days on the market

4 of these homes were bank owned "33.3%", with a price differential of 100.67% of list price and 32 days on the market

2 of these homes were short sales "16.6%", with a price differential of 101.47% of list price and 399 days on the market.

*As you can see, homes in the Big Bear area are still selling within 10% of the list price consistently. Buyers that want to purchase here will be disappointed if they expect to find homes selling for 25% or more off of list price. This also means that homes won't sell until the price gets close to market value. Overpriced homes (over 90% of the listings) will sit with no activity until they lower the price to meet the market.