In 2011 we had 865 closed residential sales in the Big Bear MLS. YTD through today 12/29/12 our closed residential sales are 1072 this year. The average price sold went from $154,858 in 2011 to $238, 197 in 2012, that is a 53.8% increase. The average price per square foot (a better indication of price trends) has risen from $144.03 in 2011 to $146.37 in 2012, a 1.6% increase year over year.
With only 380 active listings in the Big Bear MLS, and 97 closed sales in the past 30 days we are now at an inventory level with 3.91 months of supply. If this trend continues in the new year, prices should begin to rise.