November 2020 Big Bear Real Estate Stats

We are coming into the final stretch of 2020, with the second home market remaining incredibly hot.  Prices continue to rise and almost all areas are selling at a little over asking price on average.  The largest problem we are having in terms of sales right now is the ridiculously low inventory.  We are down to only about 90 single family residences for sale in the Big Bear MLS in the entire valley (for perspective, this number usually only gets as low as about 300 – and that’s at the very end of winter, when inventory is always at its lowest).  If you are buying, be prepared for competition, but if you have been thinking of selling, I can’t think of a better time in the last 14+ years!!
Area #Sales Avg. Sale Avg. $/sqft SP/LP DOM
BBC 49   $331,518 $288.24 103.2%  43
BBL 32   $632,181 $336.31 100.6%  80
BBL-Lakefront  9 $1,972,944 $576.33  97.6% 440
FAWN  5   $348,000 $297.66  99.4% 162
FAWN-Lakefront  0   NA   NA   NA  NA
FOX 13   $886,577 $301.63 100.2%  57
MOON 40   $508,062 $343.65 102.6%  42
SUGA 28   $254,804 $269.31 103.0%  41
Have a Merry Christmas and Happy Holidays!!
Posted on December 13, 2020 at 2:16 pm
Joe & Ana Kovich | Category: Big Bear Real Estate, For Buyers, For Realty Professionals, For Sellers, General Information, Marketing Reports | Tagged , , , , , ,

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