Here are the Big Bear real estate statistics for last month. As you can see, sales remain very strong, with most areas still selling 3-5% over asking price, on average. As is usual in the Spring, inventory ticked up a bit (but much less than expected at this time of year), to only 172 single family residences on the market, which is still less than half of where we should be at this time of year. If the inventory continues to follow the regular trajectory this year, it should rise slightly for about 2 more months, until it peaks in mid-August and then starts to go back down from there through the Fall and Winter.
|Area||#Sales||Avg. Sale||Avg. $/sqft||SP/LP||DOM|
Have a great week!