real estate marketThere are several different data points to review when answering this question including median price, days on market and total inventory sold.   Below is a snapshot of the last four  years closed transactions in Mammoth.

  • Condos YTD  thru

    Jan. 2015

     

    2014

     

    2013

     

    2012

     

    2011

     

    Median* Sold Price

     

    $332,500

     

    $292,500

     

    $265,000

     

    $244,000

     

    $242,000

    Median* Days on Market  

    82

     

    89

     

    105

     

    123

     

    98

    Total Condos SOLD 18 259 345 299 309
     

     

    Single Family Homes

     

    YTD  thru

    Jan. 2015

     

     

    2014

     

     

    2013

     

     

    2012

     

     

    2011

     

    Median* Sold Price

     

    $890,000

     

    $615,000

     

    $575,000

     

    $575,000

     

    $560,000

    Median* Days on Market  

    90

     

    145

     

    103

     

    181

     

    120

    Total SF Homes SOLD 7 85 91 91 75

     

    In summary, the number of condos sold is the lowest amount in the last four years (28% less than 2013) while the median price has risen (10% higher than 2013) and days on market has decreased (16% lower than 2013) .

    For single family homes,  the number of homes has stayed relatively flat while the price and days on market have both increased over 2013 (7% and 40% respectively).

    In both categories it is too early to comment on a 2015 trend.

    While this information is useful in observing trends, the current inventory must also be considered.  Below is a snapshot of the available properties available today:

    CURRENTLY LISTED Condos Single Family Homes
    Median* Price $389,000

    Down from $399,000 in Dec.

    $924,000

    Down  from  $964k in Dec.

    Median* Days on Market 76

    Down from 95 in Dec.

    154

    Up from 150 in Dec.

    Total Available as of Feb. 1 153

    Up  from 129 in Nov

    66

    Up from 64 in Nov

     

    If you are interested in buying or selling, a qualified Realtorâ can provide the relevant data for your specific neighborhood or area of interest.

    *Median Price = Is the middle value for a range of values. This is a good indicator to use when there is significant data.  It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

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