Big Bear Real Estate Market Stats for the month of February 2020
Market Wide Summary
The average sales price of single family homes in Big Bear in February increased by 13% compared to the previous month, and the median sales price was up 5%. Average sales price over Jan-Feb was 12% higher and median sales price was up 4% compared to the first 2 months of 2019.
List Price vs. Sale Price and Days on Market
Properties sold in February went for 97% of the asking price after 113 days on market on average, compared to 98% and 139 DOM in January. The list-to-sell price ratio was also 98% on average over Jan-Feb, as compared to 97% over Jan-Feb 2019.
Big Bear Inventory Trends
Total inventory* was down 10% month over month, though there were 20 more new listings in February than in January. The total number of homes on the market last month was about 15% lower than it was in February of last year.
*Total listed inventory numbers as of the 15th of each month.
There were 79 sales in February, which was virtually the same as in January, and 10% fewer sales than in February of last year. The total number of sales Jan-Feb was 3% higher compared to sales Jan-Feb 2019. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.