Real Estate Market Trends: Mammoth Lakes, California May 2014

Market Trends for Mammoth Lakes, first quarter 2014

Home Prices in Mammoth Lakes

Market Trends in Mammoth Lakes are showing clear signs of a recovering market.   This quarterly report is a brief summary comparing the first quarter of 2014 to performances observed in previous years.    For a complete report click on the following link:  Full Report

The first quarter statistics for single family homes are showing significant changes. Considering Mammoth has experienced its third year of drought, home buyers appear to be unconcerned as current median home prices are demonstrating a 21.11% jump over the median price for 2013 year.

Median pricing for the condominium market in 2013 ended up 9% over the previous year. The first quarter of 2014 is showing median prices to be up 20.65% over 2013. The 2014 YTD comparison is somewhat biased in the fact Mammoth is seasonal and attitudes of buyers and sellers can vary slightly per season.  This beautiful home in the Trails recently went under contract at its asking price, as did a similar home price at the upper end of its respective market.

The Trails Home for sale in Mammoth Lakes.

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