Market Wide Summary
Big Bear Real Estate market snapshot for the month of May 2018
The median sales price of single family homes in May increased 7% compared to the previous month, and the average sales price was up 3% from April. Average sales price over Jan-May was 15% higher compared to the average sale price over Jan-May 2017.
List Price vs. Sale Price and Days on Market
Properties sold in May went for 99% of the asking price after 80 days on market on average, compared to 99% and 97 DOM in April. The list-to-sell price ratio was 97% on average over Jan-May 2017.
Big Bear Inventory Trends
Total inventory was up 14% and there were 42% new listings month over month, a typical increase in listings for this time of year. The average number of homes on the market Jan-May this year was about 14% less than over Jan-May 2017.
Closed Transactions
There were 103 sales in May, which was 41% more than in April. The number of sales closed last month was 11% lower compared to May 2017.
Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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