Big Bear Real Estate Market Stats for the month of May 2021
Market Wide Summary
Though Big Bear real estate sales activity showed some signs of calming down a bit in May compared to previous months, the market is still red hot. The average sales price of single family homes in Big Bear in May decreased by 12% compared to the previous month, as did the median sales price. However, average sales price over Jan-May 2021 was 41% higher and median sales price was up 53% compared to Jan-May 2020!
List Price vs. Sale Price and Days on Market
Properties sold in May went for 105% of the asking price after 39 days on market on average. The list-to-sell price ratio was also 105% on average over Jan-May 2021, as compared to 97% over Jan-May 2020, and average days on market was down 59% compared to that same period.
Big Bear Inventory Trends
Total inventory* was up 32% month over month, and there were about 12% more new listings in May than in April. The total number of homes on the market last month was about 59% less than it was in May of last year. As of this writing, there are 178 single family homes for sale in Big Bear.
*Total listed inventory numbers as of the 15th of each month.
There were 145 sales in May, just one more than in April, and 184% more sales than in May of last year. The total number of sales Jan-May 2021 was 80% higher compared to sales Jan-May 2020.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.