The month of June and the first week of July have proven to be promising. "Smart Money Buyers" are making offers. These smart money buyers have a pre-approval letter in hand, and are ready to buy. The real estate market in Big Bear is good, and overall foreclosures have decreased to an average of 54 from 100, and any foreclosure that is a great deal in a good area and resembles a mountain style home has multiple offers on the property. Our current active inventory is approximately 945 homes, down from 1400 just 6 months ago. Escrows have increased and solds for the month of June were 68, up by 10% from May and previous months. This is good! Your listing has had showings and some of you have had offers.
A few of my sellers have called me and ask if they should pull the property off the market and wait until next year to re-list at a higher price. Indicators (MSNBC, Harry Dent and other prominete economists, California Assoc. of Realtors, National Assoc. of Realtors) are not pointing to an increase in values in one, two or even three years. The good news is that prices have stabilized, and we do not see a continued deprecation in the home values in Big Bear. I would suggest to hold steady, reduce the price to reflect today's values if any reduction is necessary and allow me to advertise, and keep the home exposed to the buyers'. This is all we can do, and I am happy to do it! Our website continues to pull in many potential buyers; with over 50,000 visitors per month, we are rated by Google to be the top performing website in Big Bear Lake. Also, we are rated in the top three websites for Yahoo. The exposure that your property is getting is more than any other agent in Big Bear. We not only have a website that is busy, but we are members of two MLS systems; Big Bear Valley and the Southern California MLS. This means double exposure for your listing. If you should have any questions, or suggestions, please call me at my office. We are here seven days per week, working diligently to get your home sold. Thank you again for your trust in my team, and allowing us the opportunity to market your home. Yours truly, Robert F. Angilella Realtor RE/MAX Big Bear
