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There are several different data points to review when analyzing the current state of the Mammoth Lakes real estate market including median price, days on market and total inventory sold.

Below is a snapshot of the last several years of transactions closed and current inventory in Mammoth Lakes. Note that this report doesn’t include any of the outlying areas beyond Mammoth Lakes.

Mammoth Lakes Condos

CondosThrough 2/1/2120202019201820172016
Median* Sold Price$451,000$475,000$450,000$402,500$349,900$299,750
Median* Days on Market4667846970117
Total Condos SOLD44442387348407304

There is not yet enough data to identify 2021 trends. When comparing 2020 to 2019, the median condo price is up nearly 6%. Approximately 14% more condos sold in 2020 and those sold 25% more quickly than in 2019 (down 18 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTEDCONDOS
Median* Price$649,450
↑UP from $485,000 in December
Median* Days on Market9
↓DOWN from 18 in December
Total Available on Feb. 1**14
↓DOWN from 25 in December

Download the year-end 2020 condo report.

Mammoth Lakes Single Family Homes

Single-Family HomesThrough 2/1/2120202019201820172016
Median* Sold Price$1,450,000$875,000$767,625$890,000$750,000$682,500
Median* Days on Market11182113113131132
Total SFH SOLD1513394879598

There is not yet enough data to identify 2021 trends. When comparing 2020 to 2019, the median price of a single-family homes sold in 2020 is up 14%. Approximately 41% more SFH sold in 2020 and those sold 37% faster (down 31 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTEDSINGLE FAMILY HOMES
Median* Price$2,975,000
↓UP from $2,249,500 in December
Median* Days on Market33
↓DOWN from 63 in December
Total Available on Feb. 1**14
↓DOWN from 16 in December

Download the year-end 2020 single family homes report.

*Median is the middle value for a range of values and 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.

**Total Available excludes properties currently under contract.

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