Big Bear Real Estate Market Stats for the month of February 2023
Market Wide Summary
Sales activity of single family homes in Big Bear has been slow and steady as there were 50 sales in each of the first two months of 2023, and 53 new listings in each of those months as well. Average sale price was up 7% from January to February, and median sale price was down just 2%. Average sales price was about 12% lower over the first two months of this year compared to the average sales price over Jan-Feb 2022.
List Price vs. Sale Price and Days on Market
Properties sold in February went for 98% of the asking price after 113 days on market on average, compared to 97% and 110 DOM in January. The list-to-sell price ratio was 6% lower on average over Jan-Feb 2023, compared to the same period in 2022.
Big Bear Inventory Trends
Total inventory* was down 11% month over month, and there were the same amount of new listings in both months at 53 each. The total number of homes on the market last month was about 115% higher than it was in February of last year. As of this writing, the active inventory is at 174.
There were 50 sales in February, same as the previous month, and 33% fewer than in February 2022.