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market update newThe Mammoth Lakes real estate market continues to be active through the 4th quarter of 2015.  When reviewing the state of the market, there are several different data points to review including median price, days on market and total inventory sold.   Below is a snapshot of the last four years closed transactions in Mammoth Lakes and what has happened through September 2015.

Condos YTD  thru

Sept  2015

 

2014

 

2013

 

2012

 

2011

 

Median* Sold Price

 

$315,000

 

$292,500

 

$265,000

 

$244,000

 

$242,000

Median* Days on Market  

94

 

89

 

105

 

123

 

98

Total Condos SOLD 192 259 345 299 309
 

 

 

Single Family Homes

YTD  thru

Sept  2015

 

2014

 

2013

 

2012

 

2011

 

Median* Sold Price

 

$685,900

 

$615,000

 

$575,000

 

$575,000

 

$560,000

Median* Days on Market  

160

 

145

 

103

 

181

 

120

Total SF Homes SOLD 66 85 91 91 75

 

In the condo category the median days on market and total units sold is comparable to 2014.  The trend indicates the median sales price is 7% higher than 2014.

In the single family home category median days on market is up 10% so far in 2015 as compared to 2014.  The trend also indicates the number of units sold on track to match 2014 while the sales price has increased 11%.

A lot can change in the last three months of 2015 especially as interest continues to increase with the strong “El Nino” predictions.    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 $339,000

Same as August

$817,000

Same as August

Median* Days on Market 105

Up from 104 in Aug

139

Up  from 114 in Aug

Total Available as of Sept 10 153

Down  from 188 in Aug

74

Down from 82 in Aug

 

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
...

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

Today is the first day of Day Pass Reservations for Yosemite National Park! If you're in the area remember to make sure you have a reservation to get into @yosemite this summer!

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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.

So how, exactly, do you do that? Read about it in my blog! Link in bio...

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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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