August 2020 Big Bear Real Estate Statistics/Oktoberest Opens this Weekend!

With this crazy summer almost behind us, sales continue at a record pace and the inventory has dropped another 13% from last month to only 146 active single-family residences in the Big Bear MLS!  New properties are still coming on the market, but the inventory is selling faster than it is being replenished; so with the inventory normally starting to drop at this time of year anyways, it’s anyone’s guess as to just how low it will be by the end of Fall/beginning of Winter.  Speaking of Fall, Oktoberfest opens already this coming weekend, but with outdoor-only seating, advance reservations are required.

Area	#Sales	Avg. Price	Avg/ $/sqft	SP/LP	DOM
BBC	53	$336,743	$262.14	100.6%	87
BBL	40	$522,505	$294.44	98.7%	118
BBL-Lakefront	7	$1,630,575	$400.39	97.5%	183
FAWN	7	$341,400	$235.06	100.8%	75
FAWN-Lakefront	0	NA	NA	NA	NA
FOX	14	$649,393	$283.07	98.6%	139
MOON	52	$502,308	$285.33	99.0%	104
SUGA	30	$219,944	$255.71	100.1%	63

Have a great week!