It was another busy 4th of July weekend, with lots of visitors and buyers on the mountain. June sales were strong again, with more month-over-month price increases, but the “4th of July rush” finally put us over 200 homes on the market (209) in the Big Bear MLS, for the first time in almost a year. We are still less than half of where we should be at this time of year, but if the inventory follows normal trends, it should increase a bit more for about 30 more days, then start to go back down again after mid-August. We usually hit about 600 properties at the peak in mid-August, but I think we will be lucky to get up to 275 this year.
Area | #Sales | Avg. Sale | Avg. $/sqft | SP/LP | DOM |
BBC | 49 | $434,994 | $344.75 | 103.27% | 38 |
BBL-general | 28 | $682,218 | $436.16 | 100.81% | 46 |
BBL-Lakefront | 0 | NA | NA | NA | NA |
FAWN-general | 6 | $479,317 | $325.64 | 104.79% | 55 |
FAWN-Lakefront | 1 | $727,789 | $437.37 | 107.82% | 6 |
FOX | 4 | $837,500 | $344.56 | 101.34% | 42 |
MOON | 38 | $642,379 | $433.08 | 101.99% | 45 |
SUGA | 25 | $333,476 | $355.20 | 101.59% | 44 |