Market Wide Summary
Big Bear Real Estate market snapshot for the month of April 2019
The average sales price of single family homes in Big Bear in April decreased by 14% compared to the previous month, and the median sales price was down 7%. Average and median sales prices over Jan-Apr were 1% and 2% higher compared to those averages over the first 4 months of 2018.
List Price vs. Sale Price and Days on Market
Properties sold in April went for 97% of the asking price after 101 days on market on average, compared to 97% and 114 DOM in March. The list-to-sell price ratio was also 97% on average over Jan-Apr, as compared to 98% over Jan-Apr 2018.
Big Bear Inventory Trends
Total inventory* was up 10% month over month, and there were 5 more new listings in April than in March. The total number of homes on the market last month was about 10% higher than it was in April of last year.
*Total listed inventory numbers as of the 15th of each month.
There were 104 sales in April, which was 27% more than in March, and 42% more sales than in April of last year. The total number of sales Jan-Apr was 9% higher compared to Jan-Apr 2018.