Market Wide Summary
Big Bear Real Estate market snapshot for the month of February 2017
The median sales price of single family homes in February increased by 8% compared to the previous month. Average sales price was up 3% from January, and was 2% higher compared to the average sales price over Jan-Feb of last year.
List Price vs. Sale Price and Days on Market
Properties sold in February went for 97% of the asking price after 82 days on market on average, compared to 97% and 105 DOM in January. The list-to-sell price ratio was 97% on average over Jan-Feb 2016.
Big Bear Inventory Trends
Total inventory was down 18% month over month. However, there were 19 more new listings in February than in January. The total number of homes on the market last month was also 21% lower than it was in February of last year. Distressed listings, bank-owned and short sales, account for 1% of the current inventory.
Closed Transactions
There were 67 sales in February, which was 15 fewer than in January, and 2 fewer than in February of last year.
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