Market Wide Summary
Big Bear Real Estate market snapshot for the month of April 2017
The median sales price of single family homes in April decreased by 5% compared to the previous month. Average sales price was down 6% from March, though was 4% higher compared to the average sales price over Jan-Apr of last year.
List Price vs. Sale Price and Days on Market
Properties sold in April went for 97% of the asking price after 100 days on market on average, compared to 97% and 129 DOM in March. The list-to-sell price ratio was 97% on average over Jan-Apr 2016.
Big Bear Inventory Trends
Total inventory was up 15% month over month. However, there were 10 fewer new listings in April than in March. The total number of homes on the market last month was also 11% lower than it was in April of last year. Distressed listings, bank-owned and short sales, account for less than 1% of the current inventory.
Closed Transactions
There were 90 sales in April, which was 15 fewer than in March, and 21 more than in April of last year.
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