Comparing real estate data from May 2016 to May 2017, the number of Big Bear home sales were up a whopping 38% this year.
Although sales increased significantly, prices measures were mixed. The average sales price for Big Bear homes was down 2.5% to $295,828 while the median rose 3% to $260,000. The average price per square foot was down 2% to $212 while the median rose 7.5% to $209.
The average Days On Market rose from 90 days to 110 days while the sales price-to-list price ratio stayed about the same at 97%.
Looking at a year-to-date comparison, sales so far in 2017 are up 12% over the same time period last year with 488 Big Bear homes sold.
The average sale price is up 3% to $304,193 while the median also showed a 3% increase to $255,000. The average price per square foot rose 5% to $210 while the median also rose 5% to $204.
Days on market stayed exactly the same at 108 days while the sales price-to-list price ratio stayed even at 97%.
Being only 1 month away from half way through 2017, the Big Bear Real Estate market has continued to flourish. The big jump in sales coupled with low inventory is sure to keep prices moving in the positive direction.