Big Bear Real Estate Market Stats for the month of August 2021
Market Wide Summary
Though Big Bear real estate sales activity has shown some signs of stabilizing over the past few months, the market is still on the move. The average sales price of single family homes in Big Bear in August was down 13% compared to the previous month, and the median sales price was down 9%. However, average sales price over Jan-Aug 2021 was 32% higher and median sales price was up 36% compared to Jan-Aug 2020!
List Price vs. Sale Price and Days on Market
Properties sold in August went for 101% of the asking price after 50 days on market on average, compared to 102% and 51 DOM in July. The list-to-sell price ratio was 103% on average over Jan-Aug 2021, compared to 98% over Jan-Aug 2020.
Big Bear Inventory Trends
Total inventory* was down 8% month over month, and there was a 10% decrease in new listings in August compared to July. The total number of homes on the market last month was about 19% higher than it was in August of last year. As of this writing, the active inventory is at just 192. *Total listed inventory numbers as of the 15th of each month.
There were 158 sales in August, 23 more than the previous month. There were 29% fewer sales in August 2021 compared to August 2020. The total number of sales Jan-Aug this year was 21% higher compared to sales Jan-Aug 2020. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.