by Bob Angilella
Time for turkey! Yes that is right, the holidays are upon us and what does that mean for Big Bear Real Estate? Sales, sales, and more sales! Traditionally, November through February is our 2nd busiest time of the year for real estate sales in Big Bear Lake, summer being the busiest. This past summer, we had sales and home appreciation that touched on 2006 and 2008 values, and now, values have settled down which I am very happy about. In addition, the interest rates have settled, at around 4% for a 30 year fixed loan.
Statistics for Big Bear lake real estate in the month of October were as follows; We had an average of 465 Active listings, as compared to October 2012, and we had an average of 545 listings. The average pending’s for October 2013 were 142 pending’s, with an average of 125 pending in October 2012. The sold's for October 2013 were 119, as compared to October 2012, which were 129, just a few more as compared to today’s sold's.
As you can see, with these statistics, we have a somewhat stable market, and I expect this to continue well through next spring, 2014. Our inventory will fluctuate from 450 to 635 active listings throughout the winter, and sales will remain brisk, averaging 100 to 140 sales per month. The interest rate, volatility in today’s stock market and the political dogma that keeps surfacing in the news, makes it a great time to buy, as values are normal, interest rates low and credit is available to all credit worthy folks. It seems people, (including myself) want to invest in something that is solvent and a good investment that will grow over the years. Investment property, as we have here in Big Bear Lake, CA seems to be very popular for investors as vacation income producing rental property or just owning a 2nd home and enjoying with your family or friends over the years, while the property appreciates. Of course, there are no guarantees.
As always, contact me if you have any questions and please use our website to search all Big Bear real estate. Remember, we are Big Bear’s number one sales team for your real estate experience here in Big Bear Lake, let us serve you! Until next month, have a beautiful Thanksgiving holiday.
by Bob Angilella
Say good bye to summer as we approach one of the most beautiful times of the year in Big Bear Lake, autumn! As I reflect back on this past summer for Big Bear Real Estate, I had mentioned that we had a slight appreciation in Big Bear real estate values of about 6 to 8% for the past 6 months. The appreciation has begun to slow and to settle and frankly, I am very happy about that! With the rise in interest rates to an average of 4.5%, our market appreciation has cooled off just a bit and so has the rest of the southern California market. However, the buyers have not cooled off! We are extremely busy with real estate sales in Big Bear right now, averaging 26 escrows this month alone.
The average sale for my team is in the $ 350k range, with buyers still negotiating list price yet, informed enough that if a home is priced right, they negotiate with the list price in mind and offer full price, especially if the house is newly on the market. As of September 1, 2013 our Big Bear MLS inventory still remains tight at approximately 550 active listings. We have approximately 185 pending sales, which represents 25% of the total listings that are in escrow. In addition, the days on the market (DOM) have dropped to an average of approximately 87 days.
I expect the big bear real estate market will continue to be busy through the end of the year. The 4th quarter should be brisk with prices remaining stable, inventory remaining average and new listings arriving every day. The interest rate of 4.5 % (as of September 1, 2013) still represents a 25 year low! Now would be the time to search for Big Bear property if you have been considering Big Bear lake real estate.
Thanks again for checking in and I look forward to seeing you in Big Bear Lake. If you have any questions, just contact me direct, we are here to help. Please feel free to search our Big Bear MLS and please remember, we are Big Bear’s Top Producing team and we are ready to serve your real estate needs in Big Bear Lake. Thank you!
As we evaluate the current market, and look back on July, we see a lot of positive progress in our Big Bear Real Estate market! Since the beginning of the year, the Big Bear market has been very busy and has reminded me of 2005 real estate boom when we had low inventory and high prices. Our prices have appreciated approximately 6 to 8% overall from the bottom of the market same time last year. Sales have increased as compared to last year, (January through June 2012) approximately 18% overall.
The biggest sales were logged in between $ 200,000 to $ 500,000, with a substantial sales increase of about 55% from last year. That is incredible! Also, our prices have stayed in check, without over inflating as I mentioned above. Foreclosures and short sales are on a down turn, and represents less than 15% of all sales year to date.
With the slight increase in interest rates, we have seen a surge of buyers with a sense of urgency, wanting to still take advantage of the rate and the low prices in Big Bear Lake. As of August 2, 2013, our inventory remains steady at around 500 active residential units. Historically, we carry around 700 units during this time of year. However, we have a continue stream of new inventory every day, so there is still a lot of new homes to choose from, but it would be prudent for you to begin your search if you are ready now!
I anticipate a brisk 2nd half of 2013 for our real estate market here in Big Bear Lake. If you're ready, contact us now to get started in your search for Big Bear Real Estate. We are the market leaders and inventory experts in Big Bear Lake, so contact us today! We have sold over 375 million in sales, with a staff to serve you 7 days a week. Thank you for checking in, and hope to see you soon.
Big Bear's Top Realtor and Team
- posted in Uncategorized
By Bob Angilella
With summer upon us here in Big Bear Lake, the Big Bear housing market is starting to heat up. A crucial aspect of readying a home to place on the market is taking time to thoroughly, meticulously clean, both inside and out. There are obvious areas that most home owners will tackle first when it comes to the cleaning process, but today’s ideas go beyond the standard cleaning tasks to alert you to areas that might get overlooked in the cleaning hustle and bustle. Taking time to detail these areas along with the obvious ones will ensure you don’t overlook an eyesore that might ultimately deter an interested buyer when they are searching for Big Bear real estate.
Area 1: Mailboxes
Chances are, one of the first things prospective buyers will pass by when they come to your home is your mailbox, and a pollen- and mildew-covered mailbox will definitely make for a lackluster first impression! To clean, use an all-purpose cleaner diluted in warm water, and apply to the mailbox with a brush, scrubbing to remove mildew and other stubborn stains. Rinse well with a garden hose to finish.
Area 2: Exterior Doors
The doors on a home’s exterior are faced with extreme temperatures, moisture and anything else the elements throw their way. Washing them thoroughly with soapy water and a rag or sponge will remove any pollen, mildew or other grime that has accumulated there. Sliding glass doors should be detailed thoroughly, removing any dirt that has accumulated in the door’s track by using a vacuum’s hose attachment and then wiping down all surfaces with an all-purpose spray. Often, you won’t realize how dingy a door has become until it has been cleaned. Once your front door is spotless, hang a wreath to welcome potential buyers. It makes a great first impression!
Area 3: Under the Microwave
It might seem obvious that the inside of a microwave would need some TLC before the sale, but don’t forget that on microwaves mounted over a stove, grease and other messes accumulate underneath and need to be scrubbed away. Over-the-range microwaves include a filter on the underside of the unit that needs to be cleaned regularly. To do so, remove the filter (consult the manual for your appliance for the appropriate way to do so), and thoroughly wash it in soapy water. Allow it to air dry completely before replacing. Use a Magic Eraser to scrub away any grime that has settled on the underside of the microwave unit itself.
Area 4: Air Vents and Returns
No matter how tidy you keep your home, there is inevitably dust in the air. And where does that dust ultimately tend to settle? On the places all of that air flows through: vents and returns. Dingy white vents can be a real eyesore! To clean, start by using a vacuum hose attachment to remove the majority of the dust, and then wipe everything down with a rag and soapy water. When the vents and returns are clean, be sure to replace your filters! A clean filter is a sign of a homeowner who pays attention to the upkeep and maintenance of his or her home, a great selling point for prospective buyers.
Area 5: Washer and Dryer
Even if you aren’t planning to include these appliances in your home’s listing, washers and dryers need to be cleaned thoroughly to give prospective buyers the best possible first impression of your home’s laundry room. Clear away any lint, detergent or other messes that have accumulated on top of each unit, and then use an all-purpose cleaner to wipe each one down until it shines.
Investing a bit of time into the home-cleaning process can potentially pay off handsomely once your home is on the market, allowing prospective buyers to focus on the great things your home has to offer instead of small but unsightly eyesores. Tackling less-than-obvious areas in cleaning is one way to ensure your home stands out from the other homes on the market.
- posted in How To's
by Bob Angilella
The housing market is volatile, to say the least. While some regions are showing signs of recovery, others remain on the low end. In many ways, it’s a buyer’s market; if you want to sell your Big Bear home and get as much as you can from it, you need to make it the most appealing option in the neighborhood. You manicure the lawn, put up a new coat of paint, and install some stylish window treatments.
Yet, enticing home buyers is about more than simple curb appeal. Many people choose to go a step further, and turn the inside of the home into a sales floor. Companies that specialize in this kind of interior design are known as “staging” companies, and they’ve been proven to increase the sale price of a home.
Here are a few things staging companies do to help your home get the best possible offer:
- Get rid of visual noise. A cluttered house has a harder time selling than one that’s not cluttered. By “clutter” we’re not talking about cleaning up after yourself or having too many nick-nacks; we’re talking about visual noise. Too much furniture, for example, can create a “cluttered” look. One of the first things stagers often do is remove some furniture. This makes the home feel bigger on the inside.
- Group furniture. Pushing furniture up against the wall doesn’t make the room look bigger, contrary to popular belief. Instead, you want to position your furniture in such a way that the room’s traffic flow is obvious. A living room with all of the couches and chairs up against the wall doesn’t look bigger – it looks emptier. Grouping furniture makes the room seem more usable.
- Use neutral tones. Neutral tones like beiges, tans, honeys, and even the softer blue-green shades make for a great new color for a room. This will help to make up for dated styles and finishes you might have in a given space. Larger spaces should have neutral tones while smaller accents – such as your window treatments, for example – can have bolder tones to accent and define a space.
- Light up the home. One of the best ways to make your home feel warm and welcoming is to add lighting. As a rule of thumb, you want to have 100 watts of lighting in every 50 square feet of space. Use all three major lighting types: ambient, task, and accent.
- Create a new room. If you currently have an extra room that’s not being used for anything (such as a guest bedroom/sewing room/den combination) turn it into a real value-add in the home. Remove the visual noise, and then turn it into an actual bedroom, sitting room, or other room with a specific purpose.
- Vary your wall decorations. In most homes, wall hangings are placed in a virtual circle all around the exterior of a given room. This makes your artwork and other decorations almost imperceptible. Instead, vary their spacing and height so as to draw attention.
- Flowers pay off big. One of the consistent features of a staged home is floral arrangements. If you have flowers in your yard, they make excellent arrangements and they help to reinforce the entire property as a beautiful place. Use flowers and arrangements that are appropriate to the season; when in doubt, orchids are almost always a good bet.
- Make bedrooms inviting. Choose soft colors for your bedroom setting. If you can’t afford to replace a bed, switch out the frame for something more luxurious and use bedding with a neutral pattern. Remove as much as possible from your closets. Storage space is always one of the big concerns on a home buyer’s list of priorities.
- Consider re-facing cabinets. Replacing the cabinet doors and fronts of drawers, as well as knobs, will breathe new life into the kitchen. A well-done paint job will add to the effect. If the fronts of your appliances are dinged up, consider some appliance paint. Alternatively you can cover some appliance fronts with large, decorative magnets designed for that purpose.
- Don’t leave anything unfinished. If you are in the middle of a project, finish it. Make any and all minor repairs you can think of. Buyers notice things that need fixed, and every one is a little bit less they’ll be willing to pay for your home.
With some hard work, you can increase the sale price of your home and get it sold faster.
Bob Angilella - Big Bear's Top Realtor
by Lupe Pickard, Buyer's Agent for the Bob Angilella Team
Thinking of buying or selling Real Estate in the mountain resorts of Big Bear? Any time is a great time to buy or sell.
For the individual that likes to enjoy the four seasons. I always think I have a favorite season but each time a new season comes in I say to myself, “I love this time of the year”. If you are into outdoor activities the Big Bear Lake Community is for you, I myself enjoy mountain biking, skiing, hiking and yes, the beautiful lake.
Regarding real estate in Big Bear, it is time to take advantage of the interest rates before they go up, as a matter of fact, they went up 1/8 of a point yesterday, May 29th, 2013! Iv'e sold Real Estate in Big Bear for the past 28 years, and I have seen all kinds of interest rates and in the last 18 months, we have had the lowest along with great opportunities, the time is now before prices go up and interest rates rise. Below is an article from the NY Times published today, May 30th, 2013 regarding interest rates.
According to the New York times today;
NEW YORK -- Worries the Federal Reserve may begin to slow its stimulus efforts sent U.S. mortgage rates last week to their highest level in a year, a surge that could be a headwind to the nascent housing recovery should they march much higher.
At the same time, the jump in rates appears to have spurred some prospective buyers to lock in cheaper prices while they can, according to data from the Mortgage Bankers Association released on Wednesday.
The MBA said interest rates on fixed 30-year mortgage rates surged 12 basis points to average 3.90 percent in the week ended May 24. It was the highest level since May of last year and the biggest jump in 14 months.
If mortgages were to get markedly more expensive from their recent record lows, that could price some buyers out of the market and put a dent in a housing comeback still in its early stages. Analysts, however, said rates were unlikely to continue to rise at such a fast pace.
Rates also remain low by historical standards and homes look affordable with prices back at only 2003 levels. Combined with demand from potential homeowners who have been waiting for the housing market to stabilize before buying, the increase in rates could prompt shoppers to jump in over the short-term.
Still, we have the lowest rates in 40 years for the past 5 years. Even if the rates rose to 4.5%, it still is a great deal. We are experiencing a surge in sales, do to teh slight increase in rates. If you are thinking of buying, now would the time!
Please call today or email me direct: firstname.lastname@example.org
Buyers agent for Bob Angilella’s Team
by Bob Angilella
As the weather gets warmer in Big Bear Lake, everything outside becomes fresh and new - so why not make your Big Bear home as nice inside as the weather is outside? In just a weekend, you can complete a few quick, easy projects that will make a big difference in your space. Get inspired to give your home a spring spruce-up with these handy tips.
Wash away winter grime The first step to making your Big Bear Lake house feel like new is to clean. Use a weekend to focus on three main areas: the kitchen, bathroom and living room. In the kitchen, toss expired items from your refrigerator and wipe down the inside with soap and water - don't forget to sweep underneath and give the coils a good dusting, too. To get the bathroom in shape, replace dingy shower curtain liners, pitch old toothbrushes and other unwanted items and purchase a new toilet brush. In the living room, thoroughly dust light fixtures and blinds, and remove and launder slipcovers on couches or chairs. While you're at it, don't forget to replace batteries in your smoke and carbon monoxide detectors.
Time to de-clutter Still haven't eaten that candy from Christmas? It's time to pitch it. Spend a few hours cleaning out kitchen cabinets, cluttered closets and the junk drawer - you'll feel more relaxed and organized as a result. Once you've gotten rid of items you no longer need, refresh shelves, drawers and pantries throughout the house by installing shelf liner. It's an easy and inexpensive task that can give any space, whether it's the kitchen, bathroom or laundry room, a new look in a jiffy. Non-adhesive shelf liners, such as those from Duck brand (duckbrand.com), are easy to cut and install. The company's Smooth Top Easy Liner has a grip bottom, meaning the liner stays in place, with a smooth top, making it easy to clean and wipe off debris. Available in a variety of colors and prints, it's also a great way to add an unexpected pop of color and personality to your shelves and drawers, providing the perfect mix of fashion and function.
Add some accessories It's amazing what a few accessories can do. To revive a room without spending a fortune, attach some new trim to your existing drapes or add new shades to your favorite lamps. Wall decals or stencils are another way to add a personal touch to a room. Highlight your favorite inspirational quote or try an interesting illustration, such as a floral design or a sophisticated chandelier. Stencils and decals are available at local craft stores in numerous shapes and sizes - some are even offered in wall-size shapes, making the project super simple. You can also bring the season inside with spring flowers in a brightly colored vase or buy a new piece of art to hang as a focal point in your room.
Pull out your paintbrush If you want to go for a more dramatic redo - but one that's still doable in a weekend - pick up some paint. The warmer weather means you can keep your windows wide open, making it the ideal time to add a fresh coat of paint to your room. For the simplest touch, paint an accent wall instead of redoing the entire room. Pick a vibrant color for some spring cheer or try tackling a decorative painting technique - such as stripes, zig zag chevron or a geometric print - to really make your room feel modern and stylish. To make painting a breeze, use a premium painter's tape like FrogTape brand painter's tape (frogtape.com). Its PaintBlock Technology prevents paint bleed, helping to ensure clean, sharp lines. On fresh paint 24 hours old, select the FrogTape Delicate Surface grade for best results. To really get in the spring spirit, make painting an excuse to have some fun with friends and family.
Take turns helping friends with their painting projects and reward the effort with pizza, ice cream or other treats provided by the host. Whether you're going for a dramatic makeover or simply giving your home a good scrubbing, find inspiration in these tips to help you make the most of your weekend and get your home in superb shape this spring.
Big Bear's Top Realtor and Team
- posted in Big Bear Real Estate
by Jim Gordon, Buyers agent for The Bob Angilella Team
Our busy world forces us to constantly be “on”. Between cell phones and email and texting, there never seems to be a time to just take a deep breath and relax with no distractions. Enter the enchanting mountain lake community of Big Bear Lake. Located a short 1-2.5 hours away by car from most of Orange, LA and San Diego counties, you go “up the hill” and you turn off your daily life, whether it be for a day or two or even longer. While known as a winter getaway for the skiing and snowboarding, Big Bear Lake comes alive in the summer, with outdoor activities galore. Summer temperatures rarely get above 82 and the chilly nights, even in the heat of the summer, mean lots of marshmallows over campfires.
But a quick getaway to Big Bear Lake often leads to falling in love with the fresh air and sunshine, even when it’s the “June Gloom” down the hill. That’s when the true pleasure of Big Bear Lake comes to light: a second home. Whether a simple cabin in the pines starting at around 80K in the Sugarloaf area to a fabulous lake front home, with prices up to $2.5 million, you’re sure to find a family getaway spot perfect for making four season memories!
One benefit of buying in a community within driving distance of over 15 million people: the opportunity to use your home for Short Term Vacation Rentals. Many second home owners offset the costs of maintaining their vacation home by renting it when they are not using it. Or keep it all for yourself – your dream getaway in the sky!
Either way, give the Bob Angilella Team a call at (909) 878-5522 and they can explain the benefits of vacation home ownership in Big Bear Lake.
Buyers agent for the Bob Angilella Team