Bank Owned Properties in Big Bear seem to be just in two different groups.  Some seem to be priced to sell, and others aren't.  A good way to judge the listing price of the property is to look at the last sales price and date. 

If you can purchase the property at a substantial percentage below the previous sale, for the most part you should be getting a fair price.  Now of course as with all real estate, each property needs to be scrutinized individually.  But as a general rule of thumb, a property priced 25% or more below it's 2006 (or earlier) sales price should be a good value.

Here are five Big Bear Bank Owned Properties that meet that criteria.

Listed over 33% below last sale price

• 722 SUMMIT - Commercial two unit property.  Two Bedrooms and Two Bath 960 sq foot cabins.  Newer log style construction.  Walking distance to the slopes, located a block away from Snow Summit Ski Resort.  Could make a great investment property for someone who wishes to rent one unit and keep one for themselves.

  Last Sale Date= 11-11-2005  Last Sale Price= $695,000  Current Listing Price= $459,900

Listed over 30% below last sale price

• 637 SUGARLOAF -With a little TLC this could be a great vacation cabin.  It is in Big Bear City but not too far from big Bear Lake.  It also has the attached garage that is hard to get in this price range of Big Bear City.  With decent square footage and a master bedroom.  This place is priced well.

  Last Sale Date= 7/20/2006  Last Sale Price= $300,000  Current Listing Price= $209,900

Listed over30% below last sale price

• 42707 LA CERENA -Charming older cabin in lower Moonridge with tons of character.  Heavily treed neighborhood with seasonal creek that runs through property adds to the great setting.  The perfect little mountain cabin, close to Bear Mountain Ski Resort.

  Last Sale Date= 1-23-2006  Last Sales Price= $285,000  Current Listing Price= $198,000 

Listed over 28% below last sale price

• 901 E MOUNTAIN VIEW -Horse property with all the facilities.  Sits on close to half an  acre with views of Baldwin Lake and Gold Mountain.  Backs to open land and would make the perfect little "mini ranch".

  Last Sale Date= 8/08/2005  Last Sale Price= $445,000   Current Listing Price= $319,900

Listed over 27% below last sale price

• 643 KERN -Located in Sugarloaf near highway 38.  This cabin is about 15 minutes from the resorts and 10 minutes from Big Bear Lake.  It needs a little work but would be worth the while.

  Last Sale Date= 6/23/2004  Last Sale Price= $233,500  Current Listing Price= $169,900