The Big Bear real estate market keeps showing signs of improvement in 2016 with all four major price measures showing gains in February's same month comparison.

The average and median sales prices of Big Bear homes this February showed a 3% and 9% gain over February of 2015, appreciating to $301,649 and $245,000 respectively.

As well, the average and median price per square foot of sold Big Bear homes rose 8% and 9% over last February's numbers to their current mark of $206 and $205 respectively.

The average Days On Market for a Big Bear home to sell also showed improvement dropping from 139 days last February to 108 days this February.

The sales price to list price ratio has stayed steady around 94% with sellers conceding on average about 6% off their list price in negotiations. Meanwhile, home inventory has dropped this February to 392 listings as compared to 415 Big Bear homes for sale last February.

Reviewing these numbers, it looks like the Big Bear real estate market is still showing historically average to slightly above average gains. The fact that sales are up and inventory is down so far in 2016 suggests that there are underlying fundamentals for continued market improvement.

With Mammoth Mountain purchasing our local ski resorts last year, this winter season has been the busiest we have seen in terms of visitorship in recent memory. I would imagine we will see greater market gains than we otherwise would expect due to this increased interest in Big Bear. How big those gains might be are tough to quantify. But the increased number of vacationers to Big Bear Valley is certainly a plus for the Big Bear real estate market.