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  • 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.