Market Wide Summary
Big Bear Real Estate market snapshot for the month of May 2017
The median sales price of single family homes in May was virtually unchanged compared to the previous month. Average sales price also stayed just about the same, though was 2% higher compared to the average sales price over Jan-May of last year.
List Price vs. Sale Price and Days on Market
Properties sold in May went for 98% of the asking price after 106 days on market on average, compared to 97% and 100 DOM in April. The list-to-sell price ratio was 97% on average over Jan-May 2016.
Big Bear Inventory Trends
Total inventory was up 22% month over month and there were 69 more new listings in May than in April. The total number of homes on the market last month was also about 4% lower than it was in May of last year. Distressed listings, bank-owned and short sales, account for less than 1% of the current inventory.
There were 114 sales in May, which was 23 more than in April, and 31 more than in May of last year.