1. year_in_review__large2015 was a great year in Mammoth Lakes!  As we ended the year, the much needed snow arrived and there was a final push in real estate.  When evaluating 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 five years transactions closed as well as the current inventory.
 

Condos

 

2015

 

2014

 

2013

 

2012

 

2011

 

Median* Sold Price

 

$306,250

 

$292,500

 

$265,000

 

$244,000

 

$242,000

Median* Days on Market  

113

 

89

 

105

 

123

 

98

Total Condos SOLD 270 259 345 299 309
 

Summary for condo category for 2015 as compared to 2014:

Median Sold Price:  Up 5% over 2014

Median Days on Market:  Up 26% over 2014

Total Condos Sold:  Up 4% over 2014

 

 

Single Family Homes

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

Median* Sold Price

 

$687,200

 

$615,000

 

$575,000

 

$575,000

 

$560,000

Median* Days on Market  

166

 

145

 

103

 

181

 

120

Total SF Homes SOLD  

90

 

85

 

91

 

91

 

75

 

Summary for single family home category for 2015 as compared to 2014:

Median Sold Price:  Up 12% over 2014

Median Days on Market:  Up 14% over 2014

Total Condos Sold:  Up  6% over 2014

 

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 $382,600

Down from $396,000 in Nov.

$997,499

Down from $975,000 in Nov.

Median* Days on Market  

123

Down  from 127 in Nov.

 

159

Up  from 157 in Nov.

Total Available as of Dec 12  

130

Up  from 122 in Nov.

 

58

Down from 65 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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