Market Report: June 2022

Published On: June 29, 2022|Categories: Blog, Mammoth Real Estate, Market Trend Reports|Tags: 2022, Home, mammoth, moving, price, vacation|

Mammoth Lakes Market Trends Report June 1, 2022 www.MatthewLehmanRealEstate.com

For More Information, email: Matthew@HomesMammoth.com or Ashley@HomesMammoth.com or call us at 760- 934-1110

Single Family Homes

The median sales price for a single-family home YTD is $1,410,000 (up 18% vs. 2021), this figure has jumped declined slightly from last month’s YTD figures. This year-to-date analysis is based on a total of 40 sales. In 2021 the single-family home market in Mammoth Lakes produced a total of 123 sales and a median price of $1,190,000.

Single-Family Residential History Mammoth Lakes

The graph below is a representation of the median single-family home pricing taken from table above:

Median home prices were up in the early part of 2021 and gradually declined over the course of the year. In 2022 we are seeing sharp increase during the first quarter of 2022 and May shows a slight decline. Coming months and additional data will reveal more of what 2022 has to offer. Inventory has increase in the past month with the single-family home inventory increasing from 12 homes on April 1, to 22 homes as of May 1. As of June 1, 2022, there were 21 single family homes on the market in Mammoth Lakes. Condominium Market The Year-to-Date (YTD) median price for a condominium in Mammoth Lakes is $800,265, which is 32% higher than the median price observed for all of 2021. This median price was determined through 162 sales YTD. This month’s YTD prices are greater than last month’s YTD median price. As of April 1, 2022, there were 33 condominiums available for purchase and 33 as of May 1, 2022. As of June 1, 2022, there were 59 units available for purchase.

The graph below is a representation of the condominium pricing table on the previous page:

As with single family homes, we have also produced a median market pricing for condominiums on a month-by-month basis. The Condo market did spike in January of 2022 and has remained somewhat level since.

Vacant Residential Land Market

Year-To-Date median prices for residential vacant land is lower (-6%) than seen in all of 2021. This median price was determined from nine land sales YTD, compared to 49 sales in all of 2021. The price per foot for a vacant lot is $40 per foot, up from $24 per foot seen in 2021.

Below is a graph reflecting the table above:

Featured Listings

40 Crowley Circle – Newly remodeled home with beautiful views of Crowley Lake. 3 bedrooms, 2.5 bathrooms and 1,986 square feet of living area. This home includes a new Bullfrog spa where you can watch Sierra Wave sunsets and the 4th of July fireworks over the lake. Only 18 minutes to Mammoth.

Viewpoint #143 – Remodeled unit located on the bluff of Viewpoint Condominiums. This unit is a one bedroom, one bath condo that has been extensively remodeled and is turnkey for you to move in. A short walk to the Village at Mammoth, ski gondola and free public transportation. Watch a short video for this uni

160 Commerce Drive – FOR LEASE! 5,400 square feet of quality industrial/office space. Property has been completely remodeled and is in near new condition. On top of having a near new building, the property sits on .5 acres of land, ample for vehicle parking and storage. Watch this video or Take a Virtual Tour of this Incredible property now.

Watch our “Why Mammoth?” Video and see what Mammoth Lakes has to offer you.