Big Bear Real Estate Market Stats for the month of January 2023
Market Wide Summary
The average sales price of single family homes in Big Bear in January was 8% higher than what it was in December 2022, though the median sales price stayed virtually the same. Average sale price was about 8% lower in January compared to the average sale price over all of 2022.
List Price vs. Sale Price and Days on Market
Properties sold in January went for 97% of the asking price after 110 days on market on average, compared to 98% and 103 DOM in December. The list-to-sell price ratio was 101% on average over all of 2022.
Big Bear Inventory Trends
Total inventory* was down 13% month over month, and there were 3 fewer new listings in January than in December. The total number of homes on the market last month was about 247% higher than it was in January of last year. As of this writing, the active inventory is at 188.
*Total listed inventory numbers as of the 15th of each month.
There were 50 sales in January, which was 6% more than the previous month, and 44% less than in January 2022. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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