Market Wide Summary
Big Bear Real Estate market snapshot for the month of August 2018
The average sales price of single family homes in August stayed relatively flat compared to the previous month, though the median sales price was down 12% from July. Median sales price over Jan-Aug was 16% higher compared to the median sales price over the same period last year.
List Price vs. Sale Price and Days on Market
Properties sold in August went for 97% of the asking price after 103 days on market on average, compared to 99% and 80 DOM in July. The list-to-sell price ratio was 98% on average over Jan-Aug 2017.
Big Bear Inventory Trends
Total inventory was stable month over month, though there were 15 fewer new listings in August than in July. The total number of homes on the market last month was about 5% higher than it was in August of last year.
There were 108 sales in August, which was 24% more than the previous month, though 24% less sales than in August of last year. The total number of sales year-to-date is 17% lower compared to the same period last year.