Market Wide Summary
Big Bear Real Estate market snapshot for the month of February 2019
The average sales price of single family homes in Big Bear in February increased by 28% compared to the previous month, and the median sales price was up 7%. Both average and median sales prices over Jan-Feb were 5% higher compared to those averages over the first 2 months of 2018.
List Price vs. Sale Price and Days on Market
Properties sold in February went for 97% of the asking price after 104 days on market on average, compared to 97% and 100 DOM in January. The list-to-sell price ratio was also 97% on average over Jan-Feb, as compared to 98% over Jan-Feb 2018.
Big Bear Inventory Trends
Total inventory* was down 8% month over month, and there were 47 fewer new listings in February than in January. The total number of homes on the market last month was about 34% higher than it was in February of last year.
*Total listed inventory numbers as of the 15th of each month.
There were 72 sales in February, which was 8% less than in January, and 9% more sales than in February of last year. The total number of sales Jan-Feb is 7% higher compared to jan-Feb 2018.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.