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There are several different data points to review when analyzing the current 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.

 

Condos

 

Through 8/31/19 2018 2017 2016 2015 2014 2013 2012
Median* Sold Price $455,000 $402,500 $349,900 $299,750 $305,000 $292,500 $265,000 $244,000
Median* Days on Market 79 69 70 117 113 89 105 123
Total Condos SOLD 241 348 407 304 271 259 345 299

 

Through August 2019, condo prices are up approximately 13% over year-end 2018. The trend indicates roughly 4% more condos will sell in 2019, and those that do sell are taking 14% longer to sell than in 2018.

 

 

Single-Family Homes

 

Through 8/31/19 2018 2017 2016 2015 2014 2013 2012
Median* Sold Price $774,000 $890,000 $750,000 $682,500 $694,400 $619,000 $580,000 $575,000
Median* Days on Market 97 113 131 132 165 145 103 181
Total SF Homes Sold 63 87 95 98 91 85 90 91

 

Through August 2019, single family home prices are down approximately 15% from year-end 2018. The trend for 2019 indicates roughly 8% more single family homes will sell in 2019 as in 2018. Those that do sell are selling approximately 16% faster than in 2018.

 

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

 

Currently Listed Condos Single-Family Homes
Median Price* $424,900

DOWN from $429,000 in August

$1,050,000

NO CHANGE from August

Median Days on Market* 65

UP from 44 in August

63

UP from 45 in August

Total Available September 1** 129

UP from 128 in August

69

UP from 65 in August

 

*Median Price 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.

 

Download the PDF report. 

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In case you missed it, here is the September newsletter! October coming soon!

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Last day with my 2 special house guests. Went on a walk in the meadow behind our house and they just love the water! I will miss your cuddles🐾 See you soon ❤️ ...

11 0

It's October, which means all the cobwebs and dust In your house just become Halloween decorations*

*unless It's listed for sale... In that case, get to cleanin'!

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6 0

Congratulations to my client on the sale of this upgraded Forest Meadow condo. Hal has owned the place for 40+ years so this was a big deal for him. Time to move on to his next chapter and he is thrilled a full time local will be the new owner! Thanks to Brandee & Nicole @nexthomemammoth and the team at Sierra Escrow for a smooth transaction.

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7 0

Enjoy beer, a Bavarian Buffet from the EATery, and a silent auction benefiting the Rotary College Scholarship for local students.

October 13th!

More info at MLT's Website!

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8 0

Open House Today! Come see this incredible property for yourself!

44 Wagon Wheel Drive
Sunday, October 2
4 PM - 6:30 PM

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#sonjasellsmammoth #mammothcondos #mammothrealestate
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4 0

Fall is here! Happy colors in the mountains!

I don't think most people realize how beautiful it is -- nice weather, fewer people and fall colors. So much to love!

Go to Mono County Tourism to sign up to find the best places to see the beautiful fall colors!

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Late Friday afternoon walk with our 2 houseguests. #lovewherewelive #mammothlakes #visitmammoth ...

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Sonja recently helped me purchase a condo. My experience with her was only positive. She's knowledgeable, thorough and friendly. She is the consummate professional and the standard to which I would hold any real estate agent. - Alexander R.

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1 0

Time isn’t always on your side, especially if you’re trying to time the real estate market.

Some homeowners postponed selling while they waited for prices to hit their peak. Here’s why you shouldn’t wait any longer:

💲The market is unpredictable — even experts can’t guarantee what it will do next!
☑️ You could pay more to buy your next home the longer you delay.
🤝 It’s still a great time to sell, but rising mortgage rates are beginning to slow down demand.

You can’t control the real estate market — but you can control when you put your home up for sale 🏡

Contact us to start a conversation about the right time to make your move.

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BIG bright windows are the main attraction in this spacious 2 bed/2 bath condo in St. Anton. This complex is next door to Canyon Lodge – one of the shortest walks of any Mammoth location! Come see this condo today and get ready for the best winter season of your life!

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If you're renting but plan on buying a house in the near, don't renew your lease without going month-to-month or making sure you can cancel it by giving your landlord a month or two notice.

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Thursday, September 29
9 AM - 11 AM

Stop by and tour 3 amazing Mammoth Lakes Properties tomorrow!!!

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Beautiful sunset tonight.

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20 1

Sonja was very knowledgeable and competent in selling our house in Mammoth. She is very personable and answered all of our numerous questions with courtesy, humor, and patience. Despite a greatly slowed real estate market, she sold our house in a reasonable time frame. - Stuart F.

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...

9 0

#nofilter Sunday evening neighborhood stroll. ❤️reflections, water, blue skies and fluffy clouds ☁️ #lovewherewelive ...

12 2

If you have a light fixture you want to keep and take with you to your next home, take it down and replace it before you put your house on the market. You can also leave it up and "exclude" it from the sale within your listing, but it can cause issues if a buyer sees it and wants it. Avoid problems by removing it ahead of time.

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