Big Bear Real Estate Market Stats for the month of August 2019
Market Wide Summary
The average sales price of single family homes in Big Bear in August increased by 2% compared to the previous month and the median sales price was up 5%. Average and median sales prices over Jan-Aug 2019 were up 1% and 2% respectively compared to the those over the same period last year.
List Price vs. Sale Price and Days on Market
Properties sold in August went for 98% of the asking price after 76 days on market on average, compared to 97% and 79 DOM in July. The list-to-sell price ratio was 98% on average over Jan-Aug 2019.
Big Bear Inventory Trends
Total inventory* was up 2% month over month though there were 29 fewer new listings in August than in July. The total number of homes on the market last month was about 10% higher than it was in August of last year.
*Total listed inventory numbers as of the 15th of each month.
There were 123 sales in August, which was 17% more than the previous month, and 14% more sales than in August of last year. The total number of sales year-to-date is 8% higher compared to the same period last year.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.