Market Wide Summary
Big Bear Real Estate market snapshot for the month of November 2018
The average sales price of single family homes in Big Bear in November remained virtually unchanged compared to the previous month, and the median sales price was down 3% from October. Median sales price over Jan-Nov was 10% higher compared to the median sales price over the same period last year.
List Price vs. Sale Price and Days on Market
Properties sold in November went for 97% of the asking price after 103 days on market on average, compared to 97% and 92 DOM in October. The list-to-sell price ratio was 98% on average over Jan-Nov, as it was over the same period last year.
Big Bear Inventory Trends
Total inventory* was down 5% month over month, and there were 25 fewer new listings in November than in October. The total number of homes on the market last month was about 40% higher than it was in November of last year.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 96 sales in November, which was 21% less than the previous month, and 36% less sales than in November of last year. The total number of sales year-to-date is 21% lower 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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