Market Wide Summary
Big Bear Real Estate market snapshot for the month of January 2016
The median sales price of single family homes in January decreased by 1% compared to the previous month, though average sales price was up 4% from December, and was 9% higher compared to the average sale price over all of 2015.
List Price vs. Sale Price and Days on Market
Properties sold in January went for 97% of the asking price after 116 days on market on average, compared to 96% and the same DOM in December. The list-to-sell price ratio was 97% on average over all of 2015.
Big Bear Inventory Trends
Total inventory was down 10% month over month. There were also 27% fewer new listings in January than in December. The total number of homes on the market last month was practically the same as it was in January 2015. Distressed listings, bank-owned and short sales, continue to account for less than 1% of the inventory.
Closed Transactions
There were 64 sales in January, which was 45% less than in December, though nearly the same number of sales closed last month as did in January 2015.
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