Big Bear Real Estate Market Stats for the month of April 2021
Market Wide Summary
Big Bear real estate market activity in April 2021 demostrated a stark contrast to that of April 2020, after COVID hit. Sales activity dropped dramatically from March to April last year due to the uncertainty and restrictions at that time. April 2021 was a different story, as we continued to see significant price gains (though at a slower pace than months prior) and historically low inventory.
The average sales price of single family homes in Big Bear in April 2021 increased by 5% compared to the previous month, and the median sales price was up 6%. Average sales price over Jan-Apr 2021 was 41% higher and median sales price was up 50% compared to Jan-Apr 2020!
List Price vs. Sale Price and Days on Market
Properties sold in April went for 106% of the asking price after 46 days on market on average, virtually the same as in March. The list-to-sell price ratio was 105% on average over Jan-Apr 2021, as compared to 97% over Jan-Apr 2020, and average days on market was down 56%.
Big Bear Inventory Trends
Total inventory* was up 36% month over month, though there were 17 fewer new listings in April than in March. The total number of homes on the market last month was about 69% less than it was in April of last year. As of this writing, there are 141 single family homes for sale in Big Bear. 
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 144 sales in April, which was 7% more than in March, and 220% more sales than in April of last year. The total number of sales Jan-Apr was 63% higher compared to sales Jan-Apr 2020.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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