Market Conditions for Big Bear Lake, California Reported by Chuck Hurd, REALTOR Updated November 6, 2009.

Current Market Rating: 1 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 3 1 2 3 4 5 Falling Rising

Below is your monthly update for the Big Bear Real Estate market as of 11/1/2009....
Right Now there are 209 Sales Pending!....up up up!
Here are those on the market:....
Get here and buy B-4 the Holidays and while rates are down!!
Even Trump
RESIDENTIAL 797
VACANT LAND 346
CONDOS 47
GOVERNMENT LEASE 19
COMMERCIAL & RES INVESTMENT 71 (includes some businesses)
BUSINESS OPPORTUNITY 9
TOTAL 1289..........
Our AVAILABLE inventory for sale is down and has been selling and depleting every month so less are available for sale right now.....
BREAKING NEWS:
Homebuyer tax credit extended and expanded
House hunters - first-timers and some veteran homeowners - now have until April 30, 2010, to enter into a contract to receive the credit after President Obama signed the bill to extend the credit. Read on for more details about who qualifies.
Tax Credit for 1st time homebuyers has been extended through June 2010!! For the first time, the tax credit program would also enable (NON) First Time homeowners who buy a new primary residence to receive a $6,500 refund. Under the bill, first-time home buyers would receive the $8,000 tax credit if they sign a contract by April 30 and close on it by June 30. The plan would also make those who buy a new primary residence eligible for the $6,500 credit if they owned their current home for at least five consecutive years in the previous eight years. The measure limits the purchase price of the home to $800,000. It also imposes income caps so that people who make more than $125,000 annually and couples who make more than $225,000 would not be eligible for the program. All Manufactured Home financing is going away for at least the foreseeable future. If you have a deal in progress and it's a manufactured home, please call your loan agent. It might not be able to be closed as of this week. New Anti "Spinning" Rule will stop any non owner purchase if the property was previously purchased by an investor in the last 90 days. Many lenders are extending the rule to 180 days. This started last week and is not going away anytime soon.
November 2009
BizBuySell's Third Quarter Data Signals Improving Business-for-Sale Market
BizBuySell.com's quarter-over-quarter data also supports the rebound in the business-for-sale marketplace. The number of closed transactions reported in the third quarter increased by 7.4% as compared to second quarter transactions.
Look, you have to look for the good as the media only likes the negative stuff....Call me with any questions
909-866-5348
jointhehurd@aol.com
www.BigBearTopAgent.com

* Sources: BBLMLS/SoCalMLS data only; CAR Market matters; News Genius, Kiplinger Consumer Sentiment This information is deemed reliable but not guaranteed


ZIP Code: 92315

Approximate Location Boundaries: Apx 100 miles from LA, Orange,San Diego, Riverside Counties

Location Characteristics: Big Bear Valley is comprised of numerous small towns. A true four season resort with winter skiing and summer lake activities. The area is driven by weekend and holiday visitors. As many as 100,000 visitors will flock to it's beauty during the 1st snow expected around the 1st week of November or 4th of July weekend or for annual carshows or snowboarding events. It is the only year round vacation area within 2-3 hour driving distance of LA, Orange, Riverside, San Diego Counties and is swiftly earning the nickname of "the next little Aspen"
The Big Bear area is made up of primarily 2nd or 3rd homeowners and varies in price from around $25,000 to 6.5 million.
Few areas offer year round vacation activities combined with real property appreciation and excellent portioned rental incomes allowing the owner use and enjoyment as well as tax advantages.

For More Information:

• Visit My Web Site
  
• View My Newsletter
  
• Ask Me A Question