Market Wide Summary
Big Bear Real Estate market snapshot for the month of April 2018
The average sales price of single family homes in April remained virtually unchanged compared to the previous month, though the median sales price was down 7% from March. Median sales price over Jan-Apr was 14% higher compared to the median sale price over Jan-Apr 2017.
List Price vs. Sale Price and Days on Market
Properties sold in April went for 99% of the asking price after 97 days on market on average, compared to 98% and the same DOM in March. The list-to-sell price ratio was 97% on average over Jan-Apr 2017.
Big Bear Inventory Trends
Total inventory was up 14% month over month, a typical increase in listings for this time of year. However, there were 4% less new listings in April than in March, which is similar to the trend that occurred Mar-Apr last year. The average number of homes on the market Jan-Apr was about 14% less than over Jan-Apr 2017. Distressed listings, bank-owned and short sales, account for less than 1% of the current inventory.
Closed Transactions
There were 73 sales in April, which was 22% less than in March, and the number of sales closed last month was also 22% lower than in April 2017.
Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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