There are currently 573 active residential listings in the Big Bear Valley (including Big Bear Lake, Big Bear City, Fawnskin and Sugarloaf) with an average list price of $401,207.  213 homes have sold since November 1st with an average sold price of $208,036, $139.20 price per square foot and an average 130 days on market.

From the prior 3 month period (August 1st to October 31st), the average sold price was $217,619, $141.22 per square foot and 112 days on market.  This reflects a decrease in average sold price by about 4% compared to the prior 3 month period.  Marketing times (average days on market) have decreased by nearly 14%.

In 2011, homes consistently sold for 95% of list price on average.  Of the 863 homes that sold in 2011, 368 were “distressed” sales – foreclosures or short sales, about 43%.