Market Wide Summary
Big Bear Real Estate market snapshot for the month of October 2017
The average sales price of single family homes in October increased by 3% compared to the previous month. Median sales price was down 2% from September, and was 2% higher compared to the median sales price over Jan-Oct of last year.
List Price vs. Sale Price and Days on Market
Properties sold in October went for 98% of the asking price after 126 days on market on average, compared to 98% and 103 DOM in September. The list-to-sell price ratio was 97% on average over Jan-Oct 2016.
Big Bear Inventory Trends
Inventory is low. Total inventory was down 17% month over month and the total number of homes on the market in October was about 30% lower than it was in October of last year.
There were 157 sales in October, just 2% less than in September, though 33% more than in October of last year.