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Big Bear Lake Area Market Condition Report August 2008

The Big Picture

Supply: Holding Steady

Demand: Declined 6 units from July

Failures: Increased Moderately

Prices: All price indicators are very negative. Declines can no longer be confidently predicted or projected. Take note of the large increase in the pending price.

Close per 100 listed: Market speed declined slightly and continues slow and sluggish.

Percent selling: Declined 7 points from previous month due to spike in failures.

Future closings (SALE PENDING): Current pending inventory levels declined by 12 units.

Steve Hirschler

Associate, The Tim Wood Group

Coldwell Banker Mountain Gallery

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

steve@bigbeargallery.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

http://www.stevesellsbigbear.com

* Report Provided by Chicago Title / Robert Maletti

Posted by Steve Hirschler, Big Bear Real Estate on 08/11/2008 01:18 PM

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Steve Hirschler, Big Bear Real Estate

Big Bear Lake, CA

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Coldwell Banker, The Tim Wood Group

Address: 42163 Big Bear Blvd., PO BOX 6820, Big Bear Lake, CA, 92315

Office Phone: (909) 866-3481 x 217

Cell Phone: (909) 725-5889

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