Market Wide Summary
Big Bear Real Estate market snapshot for the month of October 2018
The average sales price of single family homes in Big Bear in October increased by 18% compared to the previous month, and the median sales price was up 12% from September. Median sales price over Jan-Oct was 11% 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 October went for 97% of the asking price after 91 days on market on average, compared to 98% and 79 DOM in September. The list-to-sell price ratio was 98% on average over Jan-Oct 2017.
Big Bear Inventory Trends
Total inventory was down 5% month over month, and there were 14 fewer new listings in October than in September. The total number of homes on the market last month was about 31% higher than it was in October of last year.
There were 120 sales in October, which was 9% more than the previous month, though 25% less sales than in October of last year. The total number of sales year-to-date is 20% lower compared to the same period last year.