Big Bear Real Estate Market November 2020

Big Bear Real Estate Market Stats for the month of November 2020

Market Wide Summary

Sales activity of single family homes in Big Bear stabilized by some metrics in November. The number of sales was the same as the month prior. Inventory remained at historic lows, and bidding wars were not uncommon. The average sales price was down 2% compared to the previous month, and the median sales price was down 11%. Average sales price over Jan-Nov was 31% higher compared to 2019 over the same period. 

List Price vs. Sale Price and Days on Market

Properties sold in November went for 102% of the asking price after 75 days on market on average, compared to 102% after 63 DOM in October. The list-to-sell price ratio was 100% on average over Jan-Nov 2020; 98% over Jan-Nov 2019.

Big Bear Inventory Trends

Total inventory* was down 6% month over month, and there was a 24% decrease in new listings in November compared to October. The total number of homes on the market last month was about 76% lower than it was in November of last year. As of this writing, the active inventory is at just 92!  *Total listed inventory numbers as of the 15th of each month.

Closed Transactions

There were 196 sales in November, same as the previous month. There were 88% more sales in November 2020 compared to November 2019. The total number of sales Jan-Nov was 38% higher compared to sales Jan-Nov 2019. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.