Big Bear Real Estate Market Stats for the month of June 2021
Market Wide Summary
Though Big Bear real estate sales activity showed some signs of stabilizing over the past couple months, the market is still hot. The average sales price of single family homes in Big Bear in June was just slightly lower compared to the previous month, though the median sales price was up about 4%. Average sales price over Jan-June 2021 was 39% higher and median sales price was up 50% compared to Jan-June 2020!
List Price vs. Sale Price and Days on Market
Properties sold in June went for 102% of the asking price after 43 days on market on average. The list-to-sell price ratio was 104% on average over Jan-June 2021, as compared to 98% over Jan-June 2020, and average days on market was down 58% compared to that same period.
Big Bear Inventory Trends
Total inventory* was up 6% month over month, though there were about 24% fewer new listings in June than in May. The total number of homes on the market last month was about 53% less than it was in June of last year. As of this writing, there are 211 single family homes for sale in Big Bear. *Total listed inventory numbers as of the 15th of each month.
Home Prices By Quarter
The graph below shows average and median home prices in each quarter since Q1 2016. We can see that home prices have risen fairly steadily over the last several years, and then increased more rapidly after the first quarter of last year. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.