Real Estate Market Report: Mammoth Lakes

Mammoth Lakes Real Estate Market Report

 

For a downloadable copy of our report, just click on this link: Market Report 12.1.2019

 

Single Family Homes

As of December 1^st, 2019, the year-to-date median single-family home price was down 13.9% vs. 2018.  The median price for a single-family home in Mammoth Lakes, was $792,000; based off a total of 84 sales so far this year.  The total Year-To-Date sales in Mammoth Lakes have already surpassed the total number of sales seen in all of 2018 (79 sales).  While the median price as of December 1^st, 2019 was lower than 2018, the median price has been recovering from greater lows observed in recent months.

 

Condominium Market

Year-to-date 2019, the condominium continues to perform well.  As of December 1^st, 2019, Median price for a condominium in Mammoth Lakes was $460,000; This is based on a total of 353 sales Year-to-Date. This median sales price is 15% above the median price observed through 2018.  Condominiums remain attractive due to their ease of management and ability to rent on a transient basis.

Residential Land

The residential land market is showing a median land price 22% below the median land price observed in 2018. Much of this is attributed to larger and premium land sales having take place in 2018.  The price per square foot of land however is up 56%, suggesting strong sales of smaller parcels of land.

New Listing:

67 Valley Vista – Beautiful 4-bedroom, 3.5 bath home located within proximity to Eagle Lodge.  This home has been upgraded with good quality finishes and has partial views of the Sherwin Mountains. Watch a video of this home in a quiet local neighborhood