Big Bear Real Estate Market Stats for the month of October 2019
Market Wide Summary
The median sales price of single family homes in Big Bear in October increased by 19% compared to the previous month though the average sales price was down 2%. Average and median sales prices over Jan-Oct 2019 were up 5% and 3% respectively compared to the those over the same period last year.
List Price vs. Sale Price and Days on Market
Properties sold in October went for 96% of the asking price after 106 days on market on average, compared to 98% and 98 DOM in September. The list-to-sell price ratio was 97% on average over Jan-Oct 2019.
Big Bear Inventory Trends
Total inventory* decreased by 8% month over month and there were 6 fewer new listings in October than in September. The total number of homes on the market last month was about 7% higher than it was in October of last year.
*Total listed inventory numbers as of the 15th of each month.
There were 135 sales in October, which was 29% more than the previous month, and 12% more sales than in October of last year. The total number of sales year-to-date is 7% higher 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.