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Hi folks,
Below are the Big Bear Real Estate stats for the month of August. The number of sales and average sales prices remained strong from the previous month, but we are seeing less multiple offers, so properties are no longer selling over asking price, on average. As normally happens at this time of year, the inventory has started falling already and we are down to only 334 single-family residences in the Big Bear MLS.
| Area | #Sales | Avg. Sale | Avg. $/sqft | SP/LP | DOM |
| BBC | 25 | $486,992 | $347.78 | 97.1% | 56 |
| BBL | 18 | $715,132 | $452.28 | 99.8% | 71 |
| BBL | 5 | $2,840,800 | $702.74 | 95.8% | 38 |
| FAWN | 1 | $719,667 | $507.31 | 97.5% | 32 |
| FAWN | 0 | NA | NA | NA | NA |
| FOX | 3 | $1,361,333 | $447.59 | 91.9% | 56 |
| MOON | 15 | $670,887 | $463.14 | 98.5% | 59 |
| SUGA | 14 | $381,214 | $389.58 | 98.4% | 63 |
Finally, our email service provider just switched to Outlook 365, but can not transfer over all of our distribution lists; so if you want to make sure you continue to receive our monthly updates, please go to the following link and enter your email address in the box towards the bottom of the page where it says “Don’t Miss Our Next Post”:
Thanks and have a great week!
