For the second consecutive month, sales of Big Bear homes slowed when compared to the same month a year earlier.
June of 2009 saw 79 sales whereas in June of this year, sales dipped to just 72.
Median and average sale prices of Big Bear homes also showed a year-to-year decline. The average sales price in June of 2009 was $294,000 compared to $250,000 this June. Whereas the median sales price in June 2009 was $252,000 compared to $182,500 last month.
Price per square foot showed similar declines selling on average at $168/sf this June compared to $183/sf in June 2009.
In comparison to May, June saw it’s usual uptick in activity with the number of Big Bear home sales seeing a 29% increase. The average sale price from May to June stayed relatively the same with May’s average being $248,894 while June’s was $249,756.
Traditionally, July through September are are busiest months for home sales in Big Bear. With interest rates dipping to well below 5% and prices reverting back to 2002-2003 levels, it will be interesting to see if we experience increases in the number of sales on a year-to-year basis once again.