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!!