Below are the monthly single family residence stats for June. With the uncertainty around the proposed ballot initiative, the number of sales dropped a bit from the previous month, especially in the 92315 area, which would be the area effected, if the initiative were to pass.
We also saw the average Sales price to List price ratio under 100% in Big Bear Lake, Moonridge, and Fox Farm for the first time in about the last 2 years. These are all signs of a changing market. In addition, our Big Bear Real Estate SFR inventory is up to 357 properties, which is still a little low for this time of year, but definitely much higher than any time over the last 2 years.
|Area||#Sales||Avg. Sale||Avg. $/sqft||SP/LP||DOM|
Have a great week!