Big Bear Real Estate Market Stats for the month of August 2023
Market Wide Summary
The average sales price of single family homes in Big Bear in August was up 15% compared to the previous month, and the median sales price was up 6%. Average sales price over Jan-Aug 2023 was 6% lower and median sales price was down 9% compared to Jan-Aug 2022.
List Price vs. Sale Price and Days on Market
Properties sold in August went for 98% of the asking price after 59 days on market on average, compared to 98% and 73 DOM in July. The list-to-sell price ratio was 98% on average over Jan-Aug of this year, as compared to 102% over Jan-Aug 2022.
Big Bear Inventory Trends
Total inventory* increased by 6% month over month, and there were 30 fewer new listings in August than in July. The total number of homes on the market last month was practically the same as it was in August of last year. As of this writing, there are 345 single family homes for sale in Big Bear.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 77 sales in August, which was 7% more than in July, though 13% less than in August of last year. The total number of sales Jan-Aug was 32% lower compared to sales Jan-Aug 2022.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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