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real estate marketThere are several different data points to review when analyzing the current real estate market.   These include 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 November 2015.

Condos YTD  thru

Nov 2015

 

2014

 

2013

 

2012

 

2011

 

Median* Sold Price

 

$309,900

 

$292,500

 

$265,000

 

$244,000

 

$242,000

Median* Days on Market  

112

 

89

 

105

 

123

 

98

Total Condos SOLD 245 259 345 299 309
 

Single Family Homes

YTD  thru

Nov 2015

 

2014

 

2013

 

2012

 

2011

 

Median* Sold Price

 

$676,250

 

$615,000

 

$575,000

 

$575,000

 

$560,000

Median* Days on Market  

165

 

145

 

103

 

181

 

120

Total SF Homes SOLD 84 85 91 91 75

 

In the condo category median price and days on market are trending higher than 2014 (6% and 25% respectively).  If sales stay constant in December, the total condos sold will be 3% higher in 2015.

In the single family home category, median price and days on market are also trending higher than 2014 (10% and 13% respectively).  Based on the current trend, the total units sold is trending 7% higher in 2015.

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 $396,000

Up from $349,000 in Oct.

$975,000

Up from $817,000 in Oct.

Median* Days on Market  

127

Up  from 126 in Oct.

 

157

Down from 138 in Oct.

Total Available on Dec 12  

122

Down  from 139 in Oct.

 

65

Down from 67 in Oct.

 

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.
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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.

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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 ...

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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 ...

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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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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 ...

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

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

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