Big Bear Real Estate Market Stats for the month of August 2022
Market Wide Summary
The average sales price of single family homes in Big Bear in August was up 12% compared to the previous month, though the median sales price was down 2%. Average sales price over Jan-Aug 2022 was 23% higher and median sales price was up 24% compared to Jan-Aug 2021.
List Price vs. Sale Price and Days on Market
Properties sold in August went for 98% of the asking price after 59 days on market on average, compared to 100% and 62 DOM in July. The list-to-sell price ratio was 102% on average over Jan-Aug of this year, as compared to 103% over Jan-Aug 2021.
Big Bear Inventory Trends
Total inventory* decreased by 6% month over month, and there were 21 fewer new listings in August than in July. The total number of homes on the market last month was about 83% more than it was in August of last year. As of this writing, there are 328 single family homes for sale in Big Bear.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 86 sales in August, which was 30% more than in July, though 46% less than in August of last year. The total number of sales Jan-Aug was 33% lower compared to sales Jan-Aug 2021.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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