Third quarter Big Bear homes prices continued to show significant appreciation for the 4th consecutive quarter reaching all-time highs as shown by the figure below.
Although prices continue to rise, sales are cooling from last year's booming third quarter.
One might think that slowing sales may be a sign of market weakness. But to the contrary, sales have slowed due to lack of homes for sale as evidenced by the figure below showing the remarkably low current inventory of listings.
With less than one month's inventory of Big Bear Homes for sale and with buyers paying 100% of list price on average in the third quarter, there's little doubt that the Big Bear real estate market is still bullish. As such, I would expect to see home prices continue to rise through the foreseeable future and sales to pick up again once more inventory eventually hits the market.