Looking at the Big Bear real estate market from a year-to-date perspective, we see continued single digit price appreciations even though sales are up an home inventory is down.
There were 846 Big Bear home sales through August 31st of this year compared to just 645 during the same time period last year. This 31% jump in sales has resulted in about 30% fewer homes currently for sale than there were at this time last year.
Although demand is high and supply is low, prices have risen at a more moderate rate than would be expected.
The average and median sale prices are up 3% and 1% to $311,717 and $256,000 respectively. The average and median prices per square foot are up 3.5% and 2% to $218 and $210 respectively.
The average days on market before selling is up slightly from 95 days to 103 days while the sales price to list price ratio is staying steady around 97%.