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  • Current Residential Inventory – 820
  • Bank Owned – 56 / 7%
  • Short Sales – 68 / 8%
  • Traditional Resale – 694 / 85%
  • Lakefront – 35 / 4%
  • Residential Units Sold YTD – 348
  • Bank Owned Sold YTD – 104 / 30%
  • Short Sales Sold YTD –  54 / 15%
  • Traditional Resale Sold YTD- 190 / 55%
  • Lakefront Sold YTD –  7 / 2%

As you can see, with only 7% of the active listings the foreclosure sales are driving our market with 30% of the sales. Short sales are increasing and now account for 15% of the closed sales. Traditional sellers are still the largest category with 55% of the closed deals, but that is with 85% of the listings….

 

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Steve Hirschler
Market Specialist, Inventory Expert,
Big Bear Real Estate Agent
Coldwell Banker
The Tim Wood Group
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
DRE#01703081
stevehirschler@gmail.com
909 866-3481 EXT. 217
CELL 909 725-5889
Fax 909 866-3531