Big Bear Real Estate Market Stats for the month of November 2021
Market Wide Summary
We continued to see unprecedented sales activity in the Big Bear real estate market in November. The average sales price of single family homes in Big Bear last month was down 4% compared to the previous month, and the median sales price was down 3%. However, the average sales price over Jan-Nov 2021 was 20% higher and median sales price was up 32% compared to Jan-Nov 2020.
List Price vs. Sale Price and Days on Market
Properties sold in November went for 101% of the asking price after 58 days on market on average, virtually the same as in October. The list-to-sell price ratio was 103% on average over Jan-Nov 2021, compared to 100% over Jan-Nov 2020.
Big Bear Inventory Trends
Total inventory* was down 35% month over month, and there was a 47% decrease in new listings in November compared to October. The total number of homes on the market last month was about 23% lower than it was in November of last year. Average monthly inventory over Jan-Nov 2021 was nearly half of what it was over Jan-Nov 2020. As of this writing, the active inventory is at just 83.
*Total listed inventory numbers as of the 15th of each month.
There were 159 sales in November, 10 more than the previous month. There were 22% fewer sales in November 2021 compared to November 2020. The total number of sales Jan-Nov this year was virtually unchanged compared to sales Jan-Nov 2020.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.