sannesm

Big Bear Real Estate Blog: Rebound in Town

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July 2013 Market Update:  Thanks for checking in with us on the Big Bear real estate market – Lots to cover, so let’s dive right in: The real estate market in Big Bear showed significant progress in the first half of 2013. The recovery we have been tracking has solidified. The rebound in number of sales persists and price appreciation is underway. As compared to the first half of 2012, this year (January - June) saw a solid 17.8% increase in the number of residential sales. Interestin...

Big Bear Real Estate Blog: Affordability in Perspective

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I was reviewing some historical averages in order to put some perspective on where we stand in today’s real estate market and wanted to share with you some interesting points: Historical Trends Imply Prices are Undervalued Going back to 1989, when the average home price nationally was $95,000 and adjusting from there at the historical rate of 4% appreciation annually, the average home price now would be $231,000 – However, the national average is currently $176,600 – This implies, ...

Big Bear Real Estate Blog: Market Heats Up Heading into Summer

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May 2013 Market Update:  As we head towards summer, the Big Bear real estate market is heating up. Watching the market like I do, I have been surprised recently by the number of new homes coming to market, many with very optimistic list prices, which are selling in a matter of days. Demand and excitement in Big Bear’s real estate market is strong and growing stronger. It seems that yesterday’s market is history and the “new” market is here now, with momentum building into summer. However, as...

Big Bear Real Estate Blog: Market Rebound Persists ( Q1-2013)

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Spring has officially sprung and tax time is thankfully behind us for another year. The weather here in Big Bear has been outstanding and, having tested it myself yesterday, I am happy to report that, although still chilly, the lake is indeed ready to enjoy. Thanks for checking in with us on the Big Bear real estate market. Let’s get right to it and see how the first quarter of 2013 shaped up and what that indicates as we head into the summer selling season. Current Market Dynamics ...

Big Bear Real Estate Blog: Quick Shift to Seller's Market

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Hello from Big Bear and thanks for checking in with us for the latest in the Big Bear real estate market. 2013 is off to an amazing start.  Let’s run through the numbers to see what has been happening: February 2013 saw 75 closed residential sales, up 9% from February 2012. Year to date, compared to last year, we are up a substantial 25% in number of homes sold.   Sales in the hot “under $250K” price range were relatively flat last month (52 in February 2013 vs. 50 in 2012...

Big Bear Real Estate Blog: Prices Rise in Big Bear

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Thanks for checking in with us regarding the Big Bear real estate market. Winter is in full swing here in Big Bear with lots of snow on the ground and lots of fun to be had on the slopes. With the New Year recently underway, it is a good time to get caught up on what has transpired in our market in 2012 and what the prevalent trends tell us to expect in the year to come. Dramatic Increase in Properties Sold For the Big Bear real estate market, 2012 was a very encouraging year. Compared...

Big Bear Real Estate Blog: Big Bear Home Sales on the Rise

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The first snow of the season has finally arrived and as the snow falls, Big Bear home sales continue to rise. Let’s get caught up on the happenings in the Big Bear real estate market shall we? The number of residential homes sold in November 2012 increased 18% from a year earlier and the number of closings (107) was the highest level of any November in six years.  In fact November marked the tenth straight month that year-over-year homes sales increased in Big Bear. Year-to-date, compared...

Big Bear Real Estate Blog: Off the Fence and Into the Market, 3Q-2012 Market Update

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Cooler temperatures and colorful trees are plentiful here in Big Bear. There is no mistaking that summer has passed and the big question now is, when will the first snow arrive? (My guess is prior to Thanksgiving.) Thanks for checking in on the Big Bear real estate market with us. There is a lot to get caught up on so let’s jump right in.  What an amazing 3rd quarter for sales we have seen. You would have to go back 7 years to 2005 to find a 3rd quarter with more residential closings tha...

Big Bear Real Estate Blog: Market is Moving in 2012

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Thanks for checking in with me on the Big Bear real estate market.  It is hard to believe that the first half of the year has already come and gone, but what an amazing ride it has been. There is so much to catch up on, so let’s dive right in. Over the past few months, there has been quite a lot of positive news regarding new strength in real estate markets both nationally and statewide, as well as in Southern California.  That said, it is important to realize that real estate is, in fact...

Big Bear Real Estate: Amazing State of the Interest Rate

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Reading today about the truly incredible interest rates currently available encouraged me to spread the word here.  Interest rates have been so low, for so long now, that seeing news about low rates might prompt a “great, but what is new” response.  However, rates now are so incredibly low for qualified buyers that it certainly warrants attention. Today’s Freddie Mac Survey of Lenders found that the 30-year fixed home loan rate is currently averaging 3.75% and that the 15-year fixed is at...