Below are the lists of “sold” and “pending/contingent” properties for the month of May.   I haven’t crunched all of the numbers yet (I figure I might as well wait until the new stats come in from Chicago Title); but I did do the calcs for Big Bear Lake and the avg. sales price was back up to a new high for the year of $269K with an avg. $/sqft of $171.18.

Sold:   http://bbv.mlxchange.com/Pub/EmailView.asp?r=1319369181&s=BBV&t=BBV

Pending/Contingent :   http://bbv.mlxchange.com/Pub/EmailView.asp?r=894201968&s=BBV&t=BBV

Finally, we always get lots of questions on bank-owned properties and short sales (especially short sales), so here are two great articles that explain them pretty well.   If anyone has any questions, please let us know:

Bank-owned (REO): http://www.realestateabc.com/homeguide/reo.htm

Short sales: http://www.searchlightcrusade.net/2008/04/why_buyers_should_avoid_short.html