Market Wide Summary
Big Bear Real Estate market snapshot for the month of August 2017
The Big Bear Real Estate market is on the move. The average sales price of single family homes in August increased by 6% compared to the previous month. Median sales price was up 4% from July, and was 2% higher compared to the median sales price over Jan-Aug of last year.
List Price vs. Sale Price and Days on Market
Properties sold in August went for 98% of the asking price after 97 days on market on average, compared to 99% and 101 DOM in July. The list-to-sell price ratio was 97% on average over Jan-Aug 2016.
Big Bear Inventory Trends
Total inventory was down 5% month over month. The total number of homes on the market in August was about 19% lower than it was in August of last year. Distressed listings, bank-owned and short sales, account for less than 1% of the current inventory.
Closed Transactions
Sales are up – there were 141 sales in August, which was 18% more than in July, and 38% more than in August of last year.
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