Market Wide Summary
Big Bear Real Estate market snapshot for the month of May 2019
The average sales price of single family homes in Big Bear in May increased by 12% compared to the previous month, and the median sales price was up 10%. Average and median sales prices over Jan-May were both 1% higher compared to those averages over the first 5 months of 2018.
List Price vs. Sale Price and Days on Market
Properties sold in May went for 98% of the asking price after 118 days on market on average, compared to 98% and 102 DOM in April. The list-to-sell price ratio was also 97% on average over Jan-May, as compared to 98% over Jan-May 2018.
Big Bear Inventory Trends
Total inventory* was up 13% month over month, and there were 66 more new listings in May than in April. The total number of homes on the market last month was about 9% higher than it was in May of last year.
*Total listed inventory numbers as of the 15th of each month.
There were 101 sales in May, which was 6% fewer than in April, and 2% fewer sales than in May of last year. The total number of sales Jan-May was 6% higher compared to Jan-May 2018.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.