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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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"Thank you so much for your guidance and expertise in helping us to buy our dream home.
I am so grateful for your hard work and patience with all our questions at every step of the process. I genuinely trusted that you were looking out for our best interests and had our backs throughout this exciting and stressful process."

-Andrew & Cara

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5 0

Whew! This was only a 7 day escrow and we did it! So many offers on this one but the CASH offer with a quick close was just what my client was looking for! Thank you to Sara Knadler for bringing a quality buyer and for a smooth transaction. Sierra Escrow made it happen!

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OPEN HOUSE
33 Kelley Road

Sunday, May 22
10 AM - 1 PM

Stop by and view this immaculate and beautiful 3 bedroom / 2.5 bath move in ready home. A rare find for such an amazing location and quality construction. The placement of the home on the lot is off-set from neighboring homes providing a true sense of privacy.

LINK IN BIO FOR DETAILS
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3 0

Eric Van Winkle making a difference on Town Clean Up Day this past weekend! Way to represent Eric and the Mammoth Lakes Board of Realtors! #mammothlakes #TOML #communityspirit #towncleanupday #loveourcommunity ...

7 0

Swimming with dozens of Black Tip sharks and rays was exhilarating and fun (well after I got over my initial hesitation)! The water was so clear and these creatures were quite social! The tour was amazing - we went on to see a 12 foot Eagle ray below us while snorkeling! #tripofalifetime #conradboraboranui #pinchme #godisgreat #lifeisgood #blacktipshark #borabora #porapora @johnbushmammothloco ...

21 7

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27 1

OPEN HOUSE
33 Kelley Road

Sunday, May 22
10 AM - 1 PM

Stop by and view this immaculate and beautiful 3 bedroom / 2.5 bath move in ready home. A rare find for such an amazing location and quality construction. The placement of the home on the lot is off-set from neighboring homes providing a true sense of privacy.

LINK IN BIO FOR DETAILS
...

7 0

I know it's something we don't want to think about... but with technology today a seller can be listening or recording you while you view their home. Make sure to be conscious and aware of that and always share your opinions outside or quietly.

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7 1

Make sure to show your love and support as we go into the busy summer season to all the amazing workers who make Mammoth such an amazing, beautiful, and safe place to live. Thank you to all our rangers, forest service, hospital workers, police, first responders, SAR members and more!

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25 0

That’s a wrap! 40th anniversary trip was AMAZING - don’t know where we could possibly go from here!! Truly a trip of a lifetime. So grateful ❤️ Headed back to reality tonight with arrival in 🇺🇸 tomorrow. Photos coming soon 🌴 #borabora #conradboraboranui #loveourlife #ThankYouGod #lovetotravel #pinchme @johnbushmammothloco ...

77 4

My buyers missed out in a multiple offer situation earlier this year and it happened for a reason. 924 Links Way was meant to be their Mammoth Lakes home! It is perfect for them. Things happen for a reason, right? So excited!' @side_realestate

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7 0

Who's coming for a hike with me?! Any guesses which lake this is?

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7 0

Flipping homes is a popular practice—and, when done right, buying a flipped home can be a good investment. I have seen some really nice ones in Mammoth Lakes.

But not all flipped homes are created equal—and if you want your home purchase to be a good investment, you need to avoid cheap, poorly done flips.

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4 0

Who says back up offers never become reality? Sometimes when another offer is selected, we ask to be put in back-up position. Some agents say this is a waste of time. NOT ME! This is a perfect example of the original buyer changing their mind and because we did the paperwork to be in Back Up #1 position, we are now in escrow! My clients will be the owners of this gorgeous 3 bedroom townhome near The Village at Mammoth before the end of May! @side_realestate

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7 0

It may not seem like it but as a buyer time CAN be on your side. Link in bio for my blog...

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6 0

Forty years.
40 years.
F.O.R.T.Y. years.

May 12, 1982 we said “I do.”
In sickness and in health.
For richer for poorer.
In good times and bad.

What a ride it has been! Here is to 40 more❤️ with my best friend by my side 😊 Happy Anniversary babe - thank you for loving me ❤️ #40years #happyanniversary
...

67 16

Sellers, don't worry! More information in my blog! Link in bio...

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