Big Bear Real Estate Market Stats for the month of October 2023
Market Wide Summary
The average sales price of single family homes in Big Bear in October was up 6% compared to the previous month, and the median sales price was up 1%. Average sales price over Jan-Oct 2023 was 4% lower and median sales price was down 8% compared to Jan-Oct 2022.
List Price vs. Sale Price and Days on Market
Properties sold in October went for 98% of the asking price after 86 days on market on average, compared to 98% and 75 DOM in September. The list-to-sell price ratio was 98% on average over Jan-Oct of this year, as compared to 101% over Jan-Oct 2022.
Big Bear Inventory Trends
Total inventory* increased by 2% month over month, and there was just one fewer new listing in October than in September. The total number of homes on the market last month was about 20% higher than it was in October of last year. As of this writing, there are 347 single family homes for sale in Big Bear.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 57 sales in October, which was 19% less than in September, and 39% less than in October of last year. The total number of sales Jan-Oct was 33% lower compared to sales Jan-Oct 2022.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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