There are currently 701 active residential listings in the Big Bear Valley (including Big Bear Lake, Big Bear City, Fawnskin and Sugarloaf) with an average list price of $387,193.  286 homes have sold since August 1st with an average sold price of $220,523, $142.20 price per square foot and an average 114 days on market.

From the prior 3 month period (May 1st to July 31st), the average sold price was $236,231, $145.19 per square foot and 105 days on market.  This reflects a decrease in average sold price by about 7% compared to the prior 3 month period.  Marketing times (average days on market) have increased by nearly 8%.

Year-to-date, homes have consistently sold for 95% of list price on average.  Of the 704 homes that have sold this year, 299 were “distressed” sales – foreclosures or short sales, about 42%.