Big Bear Real Estate Market Stats for the month of September 2021
Market Wide Summary
Though Big Bear real estate sales activity has shown some signs of stabilizing over the past few months, the market is still navigating uncharted waters. The total number of sales of single family homes was down 14% compared to the prior month. The average sales price was up 8% compared to the previous month, and the median sales price was up 6%. Average sales price over Jan-Sept 2021 was 25% higher and median sales price was 32% higher compared to Jan-Sept 2020.
List Price vs. Sale Price and Days on Market
Properties sold in September went for 101% of the asking price after 54 days on market on average, compared to 101% and 50 DOM in August. The list-to-sell price ratio was 103% on average over Jan-Sept 2021, compared to 99% over Jan-Sept 2020.
Big Bear Inventory Trends
Total inventory* was down 2% month over month, and there was an 11% decrease in new listings in September compared to August. The total number of homes on the market last month was about 33% higher than it was in September last year. As of this writing, the active inventory is at just 148. *Total listed inventory numbers as of the 15th of each month.
There were 138 sales in September, which was 45% fewer than in September 2020. The total number of sales Jan-Sept was 7% higher compared to sales Jan-Sept 2020.
Home Prices By Quarter
The graph below shows average and median home prices in each quarter since Q2 2016. We can see that home prices had risen fairly steadily for several years and then really took off beginning the second quarter of 2020. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.