In an October same month comparison, Big Bear home sales were up and prices showed continued appreciation across all measures. 

Sales this October were 12% higher than last October with 137 closings. The average sale price this October was up 7% to $376,682 and the median was up 12% to $335,500. The average price per square foot rose 2% to $244 while the median price per square foot rose 3% to $242.

The average days on market was up slightly from 92 days to 107. The median sales price to list price ratio stayed steady at about 97.5%

Looking at the longer term year-to-date numbers (Jan. 1 through Oct. 31), we also see appreciation across the board.

Sales are up 7% this calendar year to 1013 closings. The average home price is up 4% to $354,700 while the median sales price rose 4% to $300,000. The average price per square foot gained 2% to $248 and the median price per square foot is up 3% to $243.

The average days on market is up slightly from 90 days to 98 days. The median sales price to list price ratio is about half a percent lower to 97.5%.

Heading into our winter months, it appears that we will end the year with across the board positive numbers. Sales are up, prices are up, and Big Bear's popularity seems to be increasing. The local resorts, purchased by Aspen/KSL Investors just a couple years ago, have continued to improve the local ski areas and have brought several high-profile events to the valley. With increased visitorship, we have seen several new shops and restaurants open recently and significant city improvements made to The Village area. With Big Bear's increased popularity and with mortgage rates still near historic lows, the future is looking bright for Big Bear real estate.