Market Wide Summary
Big Bear Real Estate market snapshot for the month of June 2017
The average sales price of single family homes in June increased by 14% compared to the previous month and was 5% higher compared to the average sales price over the first half of last year. Median sales price was up 9% from May.
List Price vs. Sale Price and Days on Market
Properties sold in June went for 98% of the asking price after 97 days on market on average, compared to 98% and 106 DOM in May. The list-to-sell price ratio was 98% on average over the first 6 months of 2017.
Big Bear Inventory Trends
Total inventory was up 9% month over month, though there were 32 fewer new listings in June than in May. The total number of homes on the market last month was about 12% less than it was in June of last year. Distressed listings, bank-owned and short sales, account for less than 1% of the current inventory.
Home Prices By Quarter
The graph below shows average and median home prices in each quarter since Q2 2012. We can see that home prices have risen fairly steadily over the last several years.
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