August 2020 Big Bear Real Estate Statistics/Oktoberest Opens this Weekend!
With this crazy summer almost behind us, sales continue at a record pace and the inventory has dropped another 13% from last month to only 146 active single-family residences in the Big Bear MLS! New properties are still coming on the market, but the inventory is selling faster than it is being replenished; so with the inventory normally starting to drop at this time of year anyways, it’s anyone’s guess as to just how low it will be by the end of Fall/beginning of Winter. Speaking of Fall, Oktoberfest opens already this coming weekend, but with outdoor-only seating, advance reservations are required.
Area | #Sales | Avg. Price | Avg/ $/sqft | SP/LP | DOM |
BBC | 53 | $336,743 | $262.14 | 100.6% | 87 |
BBL | 40 | $522,505 | $294.44 | 98.7% | 118 |
BBL-Lakefront | 7 | $1,630,575 | $400.39 | 97.5% | 183 |
FAWN | 7 | $341,400 | $235.06 | 100.8% | 75 |
FAWN-Lakefront | 0 | NA | NA | NA | NA |
FOX | 14 | $649,393 | $283.07 | 98.6% | 139 |
MOON | 52 | $502,308 | $285.33 | 99.0% | 104 |
SUGA | 30 | $219,944 | $255.71 | 100.1% | 63 |
Have a great week!
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