Realtor of the Year, 2020, Big bear lake
It's COOL up here at 7,000 ft...
It's COOL up here at 7,000 ft...
All Big Bear cabin listings are available on the popular internet sites (www.realtor.com, or www.zillow.com, etc). Those internet sites receive (almost hourly) input from a couple different Multiple Listing Services. Regardless of which MLS a Big Bear cabin was originally listed on, I can help you since I belong to both Multiple Listing Services.
The data represented in my charts and graphs are approximately correct. Keep in mind that the numbers used to generate my monthly graphics are taken at a “moment in time” and do change from hour to hour. If you are interested in the exact numbers, then please ask me.
The graphic to the upper left was consolidated by Suzette Guyette from Fidelity National Title. Since we use two different MLS systems, with differing parameters, the closest summary metric is the Title Company. MLSs don't show those transactions that don't come thru the MLS (quit claims, interfamily transfers, probate sale, etc), but the Title companies see and reports everything. Many thanks to Suzette...
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From the Big Bear MLS
* Unit sales grew just a little as Inventory started to decline.
* Approaching a Balanced market... not a Buyer's market nor a Seller's market.
* Interestingly, about 70% of the closed escrows in November were below the asking price.
* However, the median sold for November was higher than the month before.
* Sales rate for 2 and 3 bedroom cabins is seasonally leveling off.
* We have about 30 listings below $300k
* We have about 60 listings above $1M
* And about 260 listings in between $300k and $1M.
* Heavy Short Term Rental season is here thru about the end of March 2025... (read: heavy traffic on snowy/cold weekends)
With my team of experienced real estate agents, selling your property has never been easier. We will guide you through the entire process, from setting a price to closing the deal.
My team of real estate professionals are always ready to provide you with expert advice on buying, selling, or investing in properties. Contact us today to schedule a consultation.
Please reach us at billgdyoung@gmail.com if you cannot find an answer to your question.
August 17-2024, was the day that the "new" way of buying and selling real estate took effect in California and 30 other states.... This is a Nation-wide DOJ ruling for all states.
As I mentioned a couple of weeks ago, now a Buyer must sign a "Buyer Representation and Broker Compensation" agreement before we can show them any property. In that Agreement, the Buyer agrees to pay their Broker's compensation. That is an entirely new way of doing business for California Realtors ( and for 30 other states as well).
What does this mean to you, the Seller? It means that now you will most likely be asked to pay the other Broker's compensation. However, before jumping off of a cliff, realize that at the end of escrow, your costs will be about the same amount you would have paid before this big change. Now we have to use a few more forms...
You may have already made the changes to your Listing agreement... that's where you pay 3% (for example), but we don't show any compensation for the other side. In the past, you would have signed for 6%.
Now the Buyer must agree that they'll pay the other 3% (for example)... but there is a check box on the Buyer's purchase offer that asks the Seller to pay that 3% on behalf of the Buyer. Lots of extra forms to accomplish almost the same thing as before,
If you don't agree to pay the other 3% (but I encourage you to) then the buyer has several options, one of which is to increase their Offer to cover that 3%. More options for both parties can be evaluated when an offer comes in.
There is a new form that a buyer must sign before viewing a property or "working with a Realtor"... This new form will establish the working relationship between Buyer and Agent/Broker, as well as establishing what the Buyer's Agent's compensation will be. In the past, the buyer wasn't aware of their Agent's compensation, but now the Buyer and Buyer's Broker will mutually agree on the compensation in writing. As one of the terms in the Buyer's purchase agreement, this compensation *can* be paid by the seller just like the pre-DOJ ruling.
Please look at the 2 new Consumer Guides below in the "Download" section. These are white papers from the National Association of Realtors (NAR) that shed more light on the recent Practice changes nation-wide.
Using a local realtor offers numerous advantages when buying or selling a property especially here in Big Bear. I possess a deep understanding of the specific market conditions in all Big Bear communities. I can provide valuable insights on neighborhoods, schools, amenities, and trends that out-of-town agents might not be aware of.
I have established LOCAL networks, allowing me to tap into resources and connections that will be beneficial in your real estate transaction. I have strong relationships with local lenders, inspectors, contractors, handymen, and other professionals, which can streamline the buying or selling process.
Furthermore, I am readily available for face-to-face meetings, property showings, and on-the-ground support. My knowledge of the local Big Bear market can be crucial in accurately pricing a property. I can also help you navigate complex zoning and regulatory issues that vary within Big Bear Lake, Big Bear City, Fawnskin, and Sugarloaf.
Most importantly, I am invested in our communities. I take pride in fostering positive relationships and maintaining my reputation, which can lead to a more personalized and trustworthy experience. By choosing me as your realtor, you are choosing an expert who can guide you through the intricacies of buying or selling, ensuring a smoother, more successful real estate transaction.
I hope this message finds you well and enthusiastic about your real estate journey in beautiful Big Bear Lake. I'm thrilled to share some important updates that will enhance your property search experience and ensure that you find the perfect home that matches your preferences and needs. But, I am still eager to help you find a cabin using the "old school" approach of meeting face-to-face, and searching for the right property in my office on the big screen.
🔎 Introducing a Modern Approach: The world of real estate is evolving, and so am I. In order to provide you with the best possible service, I've transitioned to a more personalized and efficient approach. Instead of the traditional method of touring homes solely based on predetermined criteria, I'm embracing technology to empower you in your home search.
🏠 Your Search, Your Way: You now have the flexibility to explore the Big Bear Lake real estate market at your own pace. Simply visit www.realtor.com or www.zillow.com, two trusted platforms known for their extensive listings and user-friendly interfaces. There, you can explore a wide range of properties, filter by your desired specifications, and compile a list of homes that catch your eye.
✨ Tailored Viewing Experience: Once you've selected a handful of properties that pique your interest, reach out to me with your curated list. I'll then coordinate with you to schedule personalized viewing appointments for the properties you've selected. This approach ensures that your time is spent exploring properties that truly resonate with you.
🌟 Your Preferences Matter: I understand that every buyer is unique, and your preferences are paramount. Whether you're looking for a cozy 3-bedroom, 2-bathroom home in the $500k range or have specific architectural styles or amenities in mind, this new approach empowers you to discover properties that align with your vision.
📞 Stay Connected: As always, I'm here to support and guide you throughout your real estate journey. Should you have any questions, require assistance with the platforms, or need expert advice, don't hesitate to reach out to me. Your satisfaction and successful property hunt remain my top priorities.
Embrace this new era of real estate exploration, where you're in the driver's seat of your home search. I'm excited to embark on this journey with you and look forward to helping you find your dream home in Big Bear Lake.
Check out this great video
First and foremost, I have been a full-time REALTOR in Big Bear. since 2003....and for several years I served on the board of directors of the Big Bear Association of REALTORS as the Treasurer/Board Officer. I was licensed in California real estate in 2003. I am certified by the National Association of REALTORS (NAR) as an Accredited Buyer Representative (ABR). I am also certified by NAR as e-PRO (Certified Internet Professional), a certified agent for Short Sales and Foreclosures (SFR), a Certified Real Estate Negotiator (CREN), and an RSPS (Resort and Second Home property specialist). When all of my client’s concerns are satisfied, then I volunteer in the following areas: Past Chairman and Treasurer of the Big Bear Chamber of Commerce , Past President of the Friends of the Big Bear Alpine Zoo, current Secretary of the Big Bear Astronomical Society, Past President of the Big Bear Amateur Radio Club, and Past Director of Public Relations for the national Association of Zoos and Aquarium Docents (AZAD)
After a decade with the U.S. Army and the Santa Ana Police dept, and 35 years in the computer business, I moved to Big Bear Lake in 2003. I have been an active, full-time REALTOR in Big Bear for the last 22 years. I have been involved with Internet commerce almost since it's inception in the early 1990's (please, no Al Gore jokes). From a Seller's perspective, this experience gives me the ability to use the internet to help Market your home... after all, getting your home in front of Agents and interested Buyers is the principle method of selling your property. And if you select me as your Buyer's Agent, I will provide you with information that is timely, accurate, and comprehensive. After we find the right property for you, I will help with all aspects of the transaction, including negotiating the best possible terms and conditions for you. I promise to do everything that is legal and ethical to make your home buying or selling experience as painless, profitable, and enjoyable as possible. I'll personally be involved with your transaction from start to finish. If you need something, please contact me directly... and if I need something from you, I will be the person calling you.
The big question in the minds of both buyers and sellers is “When will the current interest rates soften up a bit?”
Hello everyone, and happy new year to all....
We currently have about 300 properties listed here in Big Bear, but we can always use more really good listings.
From my vantage point in the RE/MAX Big Bear Village office, I chat with lots of buyers looking to buy rental cabins. This has been a very busy time for Big Bear even with a lower amount of natural snow. And we expect traffic to be even busier in the Spring months with folks trying to get in the last "runs" on the ski slopes.
Please keep me in mind if/when you want to put your cabin on the market. I'll be ready when you are !!!
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Here in Big Bear we work with 2 different MLSs... combined, there were about 1,157 cabins sold in the calendar year 2023. That is a bit lower than the previous year, but still good volume and pace,
Here is what a typical median Big Bear cabin looked like in 2023:
Cabin size: 3br/2ba, 1,250sf
Lot size: 7,200 sf
Year Built: 1977
Ave sold price: $500k
Ave days on market: 65
Typical escrow period: 46 days
•Multiple offers going down? Yes
* This graph shows (in RED) where the closing price was "above" the list price... that points to a Seller's market thru last summer. Example: April 2023 about 16% of the transactions closed above the asking price
* Then we see a transition in about June of 2023... the Green bars show that the contract prices were BELOW the asking price... that points to a Buyer's Market. Example: June 2023 saw about 50% of the closing prices were below the asking price.
* So, we can't rely on just the "inventory turns", but we must also factor in how quickly the home sold (DOM from a chart above)
* Bottom line: The October 2024 numbers point to a much more competitive market for Sellers (good for buyers). Remembering that the MARKET sets market price, WE don't.
Since the green bars in the graph are so high, this suggests that Sellers are pricing their homes with last year's mentality, while closing contract prices point to a much more competitive market for Sellers.
With all of the detailed property information that is available on internet sites like Realtor.com and Zillow.com, why do you still need a Realtor to guide you through the buying process here in Big Bear? Almost everything you would want to know about a property is available within just a few clicks on most real estate internet sites.
However, there are some very important details that you WON'T find on any internet site.
Details the internet can’t give you:
Here is how the “buying” process will go:
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I am an expert guide. Buying a home involves dozens of forms, reports, disclosures, and other technical documents. I’ve been a Realtor in Big Bear for about 20 years, so know the CAR forms we'll use.
Objective information and opinions. I can provide local information on utilities, zoning, schools, handyman and tradesmen, and more. I will also provide you with objective information about each property ... we will use that data to help you determine if the property has what you want/need.
Negotiation knowledge. There are many factors up for discussion when buying a home in Big Bear. Things like what inventory stays with the cabin, escrow length, inspection periods, security system log ins, etc. I will help you look at every angle, including crafting a purchase agreement that allows you the flexibility you need to complete the purchase.
Up-to-date experience. Most folks buy or sell only a few homes in a lifetime, usually with quite a few years in between each sale. Even if you've done it before, laws and regulations change. I've handled hundreds of transactions over the course of my career and I continuously study new laws, forms, and case studies, so you can be sure that my knowledge, and your transaction will be up to date.
Everything you wanted to know about Big Bear (pdf)
DownloadFAQs on Life and Real Estate in Big Bear Valley (pdf)
DownloadLife of an Escrow... by Roles (jpg)
DownloadProfessional Real Estate Services (pdf)
DownloadNAR consumer-guide-written-buyer-agreements-2024-08-24 (pdf)
DownloadNAR consumer-guide-realtors-duty-client-interests-2024-08-29 (pdf)
DownloadCopyright © 2024 BillYoung- Your Big Bear Realtor - All Rights Reserved.
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