Big Bear Real Estate Market Stats for the month of July 2021
Market Wide Summary
Though Big Bear real estate sales activity has shown some signs of stabilizing over the past few months, the market is still hot. The average sales price of single family homes in Big Bear in July was up 24% compared to the previous month, and the median sales price was up 9%. Average sales price over Jan-July 2021 was 36% higher and median sales price was up 40% compared to Jan-July 2020!
List Price vs. Sale Price and Days on Market
Properties sold in July went for 102% of the asking price after 51 days on market on average, compared to 102% and 42 DOM in June. The list-to-sell price ratio was 104% on average over Jan-Jul 2021; compared to 98% over Jan-Jul 2020.
Big Bear Inventory Trends
Total inventory* was up 30% month over month, and there were just 10 more new new listings in July than in June. The total number of homes on the market last month was about 16% lower than it was in July of last year. As of this writing, the active inventory is at just 185. *Total listed inventory numbers as of the 15th of each month.
There were 132 sales in July, 20% fewer than the previous month. There were 31% fewer sales in July 2021 compared to July 2020. However, the total number of sales Jan-Jul 2021 was 38% higher compared to sales Jan-Jul 2020. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.