Big Bear Real Estate Market Wide Summary – 2018
The Big Bear real estate market experienced ups and downs in 2018. The average sales price of single family homes increased by 4% compared to 2017. Median sales price was up 8%.
List Price vs. Sale Price and Days on Market
Properties sold in 2018 went for 98% of the asking price after 92 days on market on average, compared to 98% and 110 DOM in 2017.
Big Bear Inventory Trends
Total average inventory* was up 4% from 2017. The graph below shows average inventory and new listings by month over the past 2 years.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 1,118 sales in 2018, a 22% decrease from the 1,436 transactions closed in 2017. The graph below shows the number of sales over the past 2 years broken down by month.
Average Sold Price per Square Foot by Area
See below for a breakdown of average sold price per square foot by area. Big Bear Lake Central sold for the highest price per sq ft with Fawnskin coming in next.
Sold Price Range
21% of homes sold in Big Bear went for under $200,000 market wide in 2018. 54% sold between $200-400K. Only 8% of homes sold for $600,000 or more.
Home Values in 2019
In 2018, average sales price in Big Bear increased from the prior year by about 4% market wide. It is predicted that home values will rise about another 5% over the next year.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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