Market Wide Summary
Big Bear Real Estate market snapshot for the month of July 2019
Both the average and median sales prices of single family homes in Big Bear in July decreased by 3% compared to the previous month. Average and median sales prices over Jan-Jul 2019 were very similar to the those over the same period last year.
List Price vs. Sale Price and Days on Market
Properties sold in July went for 97% of the asking price after 79 days on market on average, compared to 98% and 92 DOM in June. The list-to-sell price ratio was 98% on average over Jan-Jul 2019.
Big Bear Inventory Trends
Total inventory* was up 14% month over month though there were 4 fewer new listings in July than in June. The total number of homes on the market last month was about 9% higher than it was in July of last year.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 105 sales in July, which was just 12% more than the previous month, and 21% more sales than in July of last year. The total number of sales year-to-date is 7% higher compared to the same period last year.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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