Big Bear Real Estate Blog

Big Bear Area Market Condition Report for January 2010

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Mon, 01 Feb 2010 15:45:06 -0600

Market Condition Report provided by "Chicago Title"

Please call me if you would like to discuss the Real Estate Market here in the Big Bear Area.

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"

Bank Owned Home in Big Bear / 498 Hillendale

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sun, 31 Jan 2010 13:14:47 -0600

498 Hillendale

Listed for $204,900

Click here for the detail sheet

Built in 1976 / central heating / concrete driveway/ storage shed / gazebo / composition roof / fireplace

The 3 bedroom 2.5 bath home is located on a quiet cul de sac in big Bear City. It sits on a large 7200 square foot lot. The home is listed at 1346 square feet, but it has a bonus game / family room that has a half bath not included in these measurements. The home is in great condition, and has new kitchen appliances. The carpet and paint are in move in condition. Please give me a call to schedule a showing.

Steve Hirschler

(909) 725 5889 cell

* Listing Courtesy of Keller Williams Big Bear / Carolyn Dalby

Bank Owned Lake Front Home with a Dock in Big Bear $739,900

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Fri, 29 Jan 2010 15:06:44 -0600

Listed at only $739,900

Click Here for the details

This home sold for $1,500,000 in 2006!

Built in 1997 this 2300 square foot, 3 bedroom 3.5 bath home with views of Snow Summit and Big Bear Lake is a real catch!

This beautiful lake front home is located in the Eagles Knoll gated community. This area of Big Bear has a protective HOA and high quality upscale homes. This home has upgrades that include hardwood floors, granite counters, and slate. There are 3 suites that each have an attached baths with jetted tubs. The home has a game room and 2 decks looking out on the lake.

Please give me a call to schedule a showing.

Steve Hirschler

(909) 725-5889

*Listing Courtesy of Keller Williams Big Bear

Own a Cabin in Big Bear for Under $120,000!

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sat, 23 Jan 2010 12:49:15 -0600

Affordable Cabin in the Mountains

Overview
Maps
Photos
Description

$119,900

Single Family Home
For Sale

Main Features

2 Bedrooms
1 Bathroom
Interior: 809 sqft
Lot: 5,000 sqft

Location

1009 Anita
Big Bear City, CA 92315

Steve Hirschler

Coldwell Banker DRE# 01703081
(909) 866-3481
stevehirschler@gmail.com
http://www.stevesellsbigbear.com

Listed by: Coldwell Banker / Steve Hirschler

Our recent listings

Mountain Get A Way
Lots and Lands for $109,900 in Big Bear City, CA
Affordable Cabin in the Mountains
Gold Crown Hallmark Store
Priced like a Bank Owned

Subscribe to our listing feed

See more Big Bear City, CA real estate for sale

Great Lot in High Timber Ranch Area of Moonridge, Big Bear

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Tue, 19 Jan 2010 16:13:20 -0600

Lots and Lands for sale in Big Bear City, CA

Overview
Maps
Photos
Description

$109,900

Lots and Lands
For Sale

Main Features

Lot: 20,000 sqft

Location

1563 Angels Camp
Big Bear City, CA 92314

Steve Hirschler

Coldwell Banker DRE# 01703081
(909) 866-3481
steve@bigbeargallery.com
http://www.stevesellsbigbear.com

Listed by: Coldwell Banker / Steve Hirschler

Our recent listings

Mountain Get A Way
Lots and Lands for $109,900 in Big Bear City, CA
Affordable Cabin in the Mountains
Gold Crown Hallmark Store
Priced like a Bank Owned

Subscribe to our listing feed

See more Big Bear City, CA real estate for sale

68 Homes Sold in Big Bear December 2009

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sat, 16 Jan 2010 10:10:50 -0600

ML #	Price	Address	Area	Bd	Baths	SF Apx Ttl	Sold Price	Sold Date
291293	1,995,000	39364 AURORA	BLW	5	3.5	4600	1,685,000	12/28/09
272109	1,400,000	42363 GOLDEN OAK	FOXF	6	5	5536	1,160,000	12/10/09
290508	899,500	367 GLENWOOD DRIVE	FOXF	4	3.5	3139	850,000	12/9/09
290930	895,500	39645 LAKE DRIVE	BLC	5	3	3570	880,000	12/16/09
291863	849,900	301 STARLIGHT CIRCLE	FOXF	4	3.5	3174	795,000	12/29/09
292400	849,000	111 BAYSIDE DRIVE	BLE	3	3	2675	829,000	12/29/09
291306	769,900	40181 LAKEVIEW	BLC	3	3	3200	712,500	12/30/09
282455	725,000	382 CATALINA	FOXF	4	3.75	3636	682,500	12/4/09
291998	710,000	42324 EAGLE RIDGE	FOXF	4	3.5	4310	710,000	12/16/09
291609	609,000	123 S FINCH	BLE	4	2.5	3330	585,000	12/17/09
291849	600,000	42232 CASTLE CRAG	FOXF	4	3.1	3133	600,000	12/2/09
292150	539,900	43439 SHASTA ROAD	MOON	3	3	3104	520,000	12/14/09
292038	530,000	42276 EVERGREEN DRIVE	BLE	3	2	2427	484,000	12/4/09
292332	456,000	1138 JOHNNY	FOXF	4	2.1	3268	503,000	12/15/09
280220	449,000	132 S FINCH	BLE	3	1.75	2605	435,000	12/30/09
290571	425,000	41648 MCWHINNEY	BLE	4	3	2379	425,000	12/29/09
290943	399,900	590 GOLDENWEST DR.	BLE	3	2	1410	375,000	12/17/09
291375	399,000	42649 CONSTELLATION DR	FOXF	3	2	1741	390,000	12/18/09
292241	389,000	773 GOLDEN WEST	BLE	3	1.75	1656	352,000	12/17/09
291659	389,000	42820 COUGAR ROAD	MOON	2	1.5	2197	356,500	12/11/09
292271	346,500	39134 CHINCAPIN	BLW	5	3	2360	340,000	12/23/09
291005	299,900	39039 NORTH BAY RD	BLW	3	2	1368	270,000	12/30/09
291097	290,000	316 ORIOLE DR	BLE	3	2	1211	265,000	12/29/09
291783	289,900	888 SILVER TIP	MOON	4	2	1728	275,000	12/10/09
291682	269,000	42889 MONTEREY	MOON	2	2	1216	265,000	12/18/09
281904	269,000	43408 SHEEPHORN	MOON	4	3	1826	254,000	12/30/09
291895	269,000	1096 CEDAR MOUNTAIN	WHIS	3	2	1398	255,000	12/9/09
291365	259,900	39187 NORTH BAY	BLW	3	1.5	1380	250,000	12/26/09
291038	259,000	438 THRUSH	BLE	3	2.5	1450	242,000	12/3/09
281547	249,900	39154 CREST LANE	BLW	2	1.75	1074	188,500	12/15/09
292002	249,900	1112 EAGLE MOUNTAIN	WHIS	3	3	1480	242,000	12/15/09
291406	244,999	507 WOODSIDE	FOXF	3	2	1560	230,000	12/16/09
292218	244,800	961 D	ERWL	3	2.5	1832	236,000	12/7/09
291942	239,000	472 SANTA BARBARA	SUGA	2	1	1084	225,000	12/10/09
291473	234,900	39140 STARVIEW	BLW	2	1.5	708	215,000	12/18/09
292123	234,900	39417 WILLOW LANDING	BLW	4	2	1300	234,900	12/26/09
271105	229,900	274 EUREKA	BLE	4	1.75	1258	215,000	12/1/09
291003	229,900	42798 COUGAR ROAD	MOON	2	1	840	215,000	12/3/09
292315	219,900	1225 ASPEN DRIVE	MOON	2	1.5	848	236,800	12/29/09
292498	214,900	661 CHIPMUNK	BLW	2	1	760	210,000	12/30/09
291468	204,900	688 VISTA LANE	SUGA	2	1.75	1059	195,000	12/17/09
292357	199,900	1045 MINTON DRIVE	MOON	2	1.5	1260	199,900	12/1/09
291397	189,900	39957 FOREST	BLC	2	1	900	182,500	12/8/09
290575	189,000	42770 CEDAR	MOON	2	1	764	175,000	12/30/09
261352	186,900	42539 WILLOW	MOON	2	1	952	180,000	12/14/09
290554	179,000	41545 BROWNIE	BLC	4	1.75	1863	160,000	12/1/09
281578	175,000	39434 RUBY LN	BLW	1	1	800	155,000	12/30/09
292261	163,000	230 PINE LANE	SUGA	2	2	1116	165,330	12/10/09
290901	159,000	1280 PIGEON	MOON	1	1	494	123,000	12/17/09
290547	154,900	783 LEONARD LANE	SUGA	2	1.5	916	150,500	12/28/09
290481	149,900	185 VISTA	SUGA	2	1	650	132,500	12/17/09
292403	146,500	513 KERN	SUGA	3	2	1268	150,000	12/22/09
292405	143,550	388 WREN	BLC	2	1	638	145,000	12/18/09
292054	141,800	40243 ESTERLY	BLC	2	1.75	864	135,000	12/31/09
291309	139,000	2096 CEDAR LANE	ERWL	3	2	1402	139,000	12/21/09
292408	138,600	843 HIGHLAND LN.	BLC	2	1	999	138,600	12/16/09
291913	130,000	40131 DREAM	BLC	2	2	722	125,000	12/28/09
281248	125,000	2198 FOURTH LANE	ERWL	3	2.5	1619	115,000	12/23/09
290021	121,900	333 LOS ANGELES AVE	SUGA	2	1	896	115,000	12/30/09
291066	115,000	866 VICTORIA	SUGA	2	1	760	106,000	12/30/09
292113	103,950	624 VICTORIA	SUGA	3	1.5	1092	117,000	12/30/09
2100013	100,800	40254 GUINAN	BLC	1	1	540	100,800	12/29/09
292106	95,800	593 HIGHLAND LANE	SUGA	1	1	624	86,500	12/24/09
292058	90,000	225 SUNSET LANE	SUGA	2	1	665	90,000	12/29/09
292516	79,000	267 VISTA	SUGA	2	1	608	75,000	12/30/09
292354	75,900	589 LOS ANGELES	SUGA	1	1	616	77,777	12/11/09
290294	74,900	614 MERCED LANE	BLC	1	1	588	70,000	12/29/09
292413	63,500	2082 1ST	ERWL	1	1	645	67,500	12/18/09

Click here to see the details of these 68 homes

Sold in Big Bear 12/1//2009 - 12/31/2009

Residential Sales in Big Bear were up 33.3% in 2009 (892) vs. 2008 (669). Inventory is down 29% from a year ago. We now have 661 active residential listings compared to 930 in January of 2009.

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Big Bear Real Estate Market Condition Report 12/2009

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sat, 02 Jan 2010 12:18:17 -0600

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”

GOLD CROWN HALLMARK STORE IN BIG BEAR LAKE

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Mon, 28 Dec 2009 19:25:06 -0600

Gold Crown Hallmark Store

Overview
Maps
Photos
Description

$395,000

Commercial
For Sale

Main Features

1 Unit
Interior: 3575 sqft

Location

42166 Big Bear Blvd.
Big Bear Lake, CA 92315

Steve Hirschler

Coldwell Banker DRE# 01703081
(909) 866-3481
steve@bigbeargallery.com
http://www.stevesellsbigbear.com

Listed by: Coldwell Banker / Steve Hirschler

Our recent listings

Gold Crown Hallmark Store
Mountain Get A Way
Priced like a Bank Owned
Moonridge Lakeview Property
Single Family Residential for $499,900 in Big Bear City, CA

Subscribe to our listing feed

See more Big Bear Lake, CA real estate for sale

Can I Short Sale My Big Bear Cabin?

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sun, 27 Dec 2009 11:43:28 -0600

A short sale occurs when someone sells a house or condo for less than the outstanding mortgage debt against the property. Lenders will want to see a true hardship and proof of the borrowers inability to repay the debt. In Big Bear many homes will not qualify for a short sale since they are second homes.

For a primary residence homeowner struggling with mortgage payments, a short sale is a way to get rid of a property. It may be possible for a homeowner to buy another home after two years, depending on the circumstances. Usually after foreclosure, one must wait three to five years before they will qualify for a loan.

With a short sale, the seller could remain liable to the bank for the difference between the sale price and loan amount – this is known as a deficiency judgment. Purchase loans on primary residences are exempt. Homeowners who have refinanced or gotten a second mortgage may wish to consult an attorney on their liability. Sometimes deficiencies can be negotiated down, or even eliminated.

Tax liability gets complicated and you may want to talk to an accountant. Remember that capital gains are based upon the sale price, not the debt on a property. Also, if the sale price does not cover the mortgage and the lender simply “forgives” the difference, that amount can be taxed as income. However, debt forgiveness up to $2 million is exempt through 2012 on loans used to buy, build or improve one’s primary residence. Read more on www.irs.gov by searching the site forMortgage Debt Relief Act of 2007.

Don’t assume that you will qualify for a short sale just because you are upside down on your loan. A short sale needs to be approved by the lender, and the debt that is forgiven may be taxable!

Bank Owned / Foreclosure / REO Listings In Big Bear

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sat, 01 Nov 2008 11:05:01 -0500

If you would like to see the current Bank Owned listings in Big Bear, just click on the link below.

Big Bear Bank Owned Listings

Please give me a call to schedule a showing on any active Big Bear property.

Regards,

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

Moonridge Area of Big Bear Sales Trends

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sat, 21 Nov 2009 12:29:42 -0600

As of 11/21/2009

Sold in the Moonridge Area 8/23/2009 - 11/21/2009

We had 52 closed sales in the Moonridge area for the past 90 days. There are 110 active Moonridge listings, and 27 pending in escrow. We have a 6.47 month supply of inventory at the current rate of sale. 12 of the 52 closed sales were Bank Owned and 5 were Short Sales.

The price differential shown above tells us that the homes in Moonridge that are selling, sell very close to list price. This isn't surprising to me, price is the most important factor in this market. When a home is priced correctly it will sell, it's really that simple. Knowing what price to list at is by far the most important decision a seller must make. List price should be based on market conditions and not a sellers perception or need. Banks are making this more apparent, they are not emotionally attached to homes. Bank owned properties are being priced based upon comparable sales, and nothing else. This is why the bank owned homes sold in Moonridge have an average of 30 days on the market and all of the other types of sellers are averaging 144 days in the Moonridge area. That's almost 5 times as long as the average bank owned listing.

When I look deeper at the statistics, the bank owned homes sold have a price differential of 98.82%, and the other types of sellers are at 93.60% of list. During the extra days on the market the sellers were chasing the market with price reductions until they finally get their homes price to match the market, and then like magic they sell! This is good, but not great. One thing that happens in this scenario is that the buyer sees that the home has been on the market 100 days or more and decides that the seller must be motivated to take less. This generates a lower offer, thus the 93.60% price differential.

First impression of value creates a sense of urgency in buyers, once lost the buyer assumes you are over priced. If not, why didn't someone put in an offer?

If you would like to discuss the Big Bear Real Estate market, please give me a call.

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)

Foreclosures / REO Urban Legends

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sat, 14 Nov 2009 18:14:14 -0600

This is a great post and I agree. Israel is an agent that works for The Tim Wood Group,.

Via Israel Barden (Coldwell Banker The Tim Wood Group):

It seems like everybody has a story about a cousin or brother in law or long lost Uncle who offered half of the asking price on a foreclosure and got it. It has almost reached urban legend status in this market. I have bad news for people that believe this story. There are no giant alligators in the sewer. If you say Bloody Mary three times in front of a mirror, she will not appear. Even more terrifying, there are no bank owned properties in Big Bear that you can buy for half of the list price.

As a matter of fact, writing lowball offers is a sure way of losing out on a property you might really like. When an asset manager sees an offer that is over 10-15% low, they automatically put that offer into the crank file. Usually, they don't even bother countering an offer that low. When they do counter, it is usually for $100.00 off of the listing price. The only thing that happens when you write a really low offer is you lose all your credibility. Instead of coming off as a serious, viable buyer who is looking for a good deal, you come off as a shyster trying pick the bones of an unfortunate soul.

When a bank prices an REO property, they don't just pick a random number. They don't price it off of what the remaining loan is. They actually have Realtors give them price opinions on current market value. Then, they price the home at a fair market price. Usually, this a very good deal. Just because there is only $50,000 owed on $200,000 property, does not mean the bank will take $100,000 for it. They will sell you the property for a good, fair price. If you come in at $125,000, they will not even acknowledge you. If you come in at $150,000, they will counter at $199,000. If you come in at $175,000, they will probably give you a real counter to work with.

I am not saying that it is impossible to get a great deal. It is highly possible. You just have to reevaluate what a great deal is. If a home last sold for $350,000, and you buy it for $250,000, you are getting a great deal. You just need to be realistic. Plus, while you are dickering around with lowball offers, the odds are very good that someone who understands what is going on will come in with a respectable offer, and you will lose out. If you think it is a good deal, it is certain that somebody else will too. I feel the best strategy is too give the bank the opportunity to say " Yes."

San Bernardino County Average Sales Prices September 2008 vs 2009

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sun, 08 Nov 2009 13:22:16 -0600

County/City/Area

Sept 2009

Sept 2008

Y-T-Y
% Change

San Bernardino County	150,000.00	205,000.00	-26.8%
Adelanto	80,000.00	131,000.00	-38.9%
Apple Valley	105,500.00	162,500.00	-35.1%
Barstow	55,000.00	106,250.00	-48.2%
Big Bear City	150,250.00	207,500.00	-27.6%
Big Bear Lake	305,500.00	272,500.00	12.1%
Bloomington	140,000.00	185,000.00	-24.3%
Chino	300,000.00	341,250.00	-12.1%
Chino Hills	430,000.00	422,500.00	1.8%
Colton	125,000.00	152,000.00	-17.8%
Crestline	140,000.00	147,000.00	-4.8%
Fontana	210,000.00	255,000.00	-17.6%
Hesperia	126,000.00	175,000.00	-28.0%
Highland	175,000.00	230,000.00	-23.9%
Joshua Tree	113,000.00	118,500.00	-4.6%
Lake Arrowhead	292,500.00	370,000.00	-20.9%
Loma Linda	263,000.00	359,000.00	-26.7%
Montclair	216,500.00	278,000.00	-22.1%
Ontario	190,000.00	240,000.00	-20.8%
Rancho Cucamonga	300,000.00	355,250.00	-15.6%
Redlands	220,750.00	310,000.00	-28.8%
Rialto	135,500.00	200,000.00	-32.3%
San Bernardino	75,000.00	125,000.00	-40.0%
Twentynine Palms	83,000.00	122,500.00	-32.2%
Upland	317,000.00	414,000.00	-23.4%
Victorville	120,000.00	160,000.00	-25.0%
Yucaipa	204,750.00	277,500.00	-26.2%
Yucca Valley	110,000.00	172,000.00	-36.0%

Average sales price indicates the price of homes that sold, not the price increase or decrease of individual homes.

It's interesting to note that Big Bear Lake and Chino Hills were the only two locations that had an increase.

Real Estate is local!

Big Bear Real Estate Fast Facts 10/25/2009

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Sun, 25 Oct 2009 12:18:51 -0500

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.

943 D Lane, Big Bear City

Steve Hirschler, Big Bear Real Estate (Coldwell Banker, The Tim Wood Group) — Tue, 13 Oct 2009 19:12:09 -0500

Single Family Home for sale in Big Bear City, CA

Overview
Maps
Photos
Description
Market Stats

$499,900

Single Family Home
For Sale

Main Features

6 Bedrooms
4 Bathrooms
Interior: 4886 sqft
Lot: 11,175 sqft

Location

943 D Lane
Big Bear City, CA 92314

Steve Hirschler

Coldwell Banker DRE# 01703081
(909) 866-3481
steve@bigbeargallery.com
http://www.stevesellsbigbear.com

Listed by: ColdwelL Banker / The Tim Wood Group

Our recent listings

Single Family Residential for $499,900 in Big Bear City, CA
Great Moonridge Vacation Home
Mountain Get A Way
Value and Space
Priced like a Bank Owned

Subscribe to our listing feed

See more Big Bear City, CA real estate for sale