Here are last month single family residence
Big Bear real estate sales. As normally happens this time of year, the concentration of sales moves away from the slopes and towards the lake. Except for Lakefronts, all areas that we track still sold for over 100% of asking on average, but the average $/sqft was down a bit from the previous month. One month doesn’t make a trend, of course; but with the inventory up to almost 285 properties (still only about 3 months of inventory and about half of where we should be at this time of year, but much higher than the 47- property low that we reached in January) sellers seem to be pricing more aggressively to stay ahead of the curve.
| Area |
#Sales |
Avg. Sale |
Avg.$/sqft |
SP/LP |
DOM |
| BBC |
24 |
$531,167 |
$418.99 |
102.7% |
37 |
| BBL |
19 |
$716,258 |
$488.25 |
100.7% |
38 |
| BBL-Lakefront |
2 |
$2,150,000 |
$611.99 |
94.7% |
62 |
| FAWN |
3 |
$636,667 |
$476.78 |
102.1% |
51 |
| FAWN-Lakefront |
0 |
NA |
NA |
NA |
NA |
| FOX |
6 |
$944,165 |
$488.56 |
101.9% |
43 |
| MOON |
13 |
$815,808 |
$506.70 |
106.5% |
40 |
| SUGA |
17 |
$400,376 |
$414.61 |
103.5% |
58 |