Summer Weather Arrives And The Mammoth Petri Dish Is Wide Open! Market Summary: June 7 -- June 21 The Mammoth Lakes MLS is reporting five (5) real estate closings for the period ranging from a low of $67,000 to a high of $625,000. All five (5) escrow closings were cash purchases. This period last year there were 13 closings. The 10-year Treasury yield settled downward at the end of the period to .697%. Mortgage rates are excellent and there is talk the 30-year … [Read more...] about Mammoth Real Estate Sales Report, June 21, 2020
Mammoth Real Estate Sales Report, June 7, 2020
Looks Like Mammoth STRs Have Green Light As Of June 19! Market Summary: May 24 -- June 7 The Mammoth Lakes MLS is reporting five (5) real estate closings for the period ranging from a low of $339,000 to a high of $1,450,000. Of the five (5) escrow closings, all were financeable properties and three (3) were conventionally financed. The high sale was a cash purchase. The 10-year Treasury yield rose significantly at the end of the period to .904%. After some stability in the … [Read more...] about Mammoth Real Estate Sales Report, June 7, 2020
Mammoth Real Estate Sales Report, May 24, 2020
Mammoth Creeps Into Full Stage 2 But STR Is Delayed A Month -- For Now . Market Summary: May 10 -- May 24 The Mammoth Lakes MLS is reporting three (3) real estate closings for the period ranging from a low of $200,000 to a high of $795,000. This period last year there were 18 closings. Of the three (3) escrow closings, two (2) were financeable properties and one was owner financed, one was cash and one was conventionally financed. The 10-year Treasury yield ended the period … [Read more...] about Mammoth Real Estate Sales Report, May 24, 2020
Mammoth Real Estate Sales Report, May 10, 2020
Second Homeowners Come And Go, The STR Opening Is Still Questionable. Market Summary: April 26 -- May 10 The Mammoth Lakes MLS is reporting five (5) real estate closings for the period ranging from a low of $67,000 to a high of $695,000. Of the five (5) escrow closings, three (3) were financeable properties and all three were conventionally financed. The sales included two of the private garages in Snowcreek Phase II, a Canyon Lodge condo, and two (2) low-end homes. The … [Read more...] about Mammoth Real Estate Sales Report, May 10, 2020
Mammoth Real Estate Sales Report, April 26, 2020
The Mammoth Balancing Act Begins, And "The Forest Is Open" Market Summary: April 12 -- April 26 The Mammoth Lakes MLS is reporting eight (8) real estate closings for the period ranging from a low of $255,000 to a high of $1,144,500. Of the eight (8) escrow closings, all eight were financeable properties and all seven were conventionally financed. All of the closings had purchase agreements dated between Feb. 5 and March 3. The three highest sales were single-family homes. There … [Read more...] about Mammoth Real Estate Sales Report, April 26, 2020
Mammoth Real Estate Sales Report, April 12, 2020
Mammoth Gets Good Snow and Everyone Is Told To Stay Home! Market Summary: March 29 -- April 12 The Mammoth Lakes MLS is reporting seven (7) real estate closings for the period ranging from a low of $285,000 to a high of $717,500. Of the seven (7) escrow closings, all seven were financeable properties and all seven were conventionally financed. The 10-year Treasury yield ended the period almost even at .729%. Now that the Federal Reserve is systematically bailing everything … [Read more...] about Mammoth Real Estate Sales Report, April 12, 2020
Mammoth Real Estate Sales Report, March 29, 2020
Mammoth Has A Clear Message For Visitors And Second Homeowners; Don't Come Here!! Market Summary: March 15 -- March 29 The Mammoth Lakes MLS is reporting 14 real estate closings for the period ranging from a low of $275,000 to a high of $1,335,000. Of the 14 escrow closings, 13 were financeable properties and 10 were conventionally financed. The 10-year Treasury yield ended the period down from .951% to .749%. But mortgage rates have dis-connected from the 10-year and are up … [Read more...] about Mammoth Real Estate Sales Report, March 29, 2020
Mammoth Real Estate Sales Report, March 14, 2020
Mammoth Goes From Serene, To Weird, To Closed! Market Summary: March 1 -- March 15 The Mammoth Lakes MLS is reporting 18 real estate closings for the period ranging from a low of $155,000 to a high of $2,225,000. Of the 18 escrow closings, 16 were financeable properties and 11 were conventionally financed. The closings included two (2) vacant residential lots. There were three (3) residential sales above $1,725,000 and all three were cash purchases. Two (2) residential … [Read more...] about Mammoth Real Estate Sales Report, March 14, 2020
Mammoth Real Estate Sales report, March 1, 2020
The Super Dry February Ends With A Teaser! Market Summary: February 16 -- March 1 The Mammoth Lakes MLS is reporting 27 real estate closings for the period ranging from a low of $40,000 to a high of $1,195,000. Of the 27 escrow closings, 22 were financeable properties and 18 were conventionally financed. The closings included three (3) in-town garages selling in the $40-60K range. They also included five (5) homes ranging from $685,000 to $885,000. Again, that segment of the … [Read more...] about Mammoth Real Estate Sales report, March 1, 2020
Mammoth Real Estate Sales Report, February 16, 2020
We All Love Summer In The Mountains -- Just Not In February! Market Summary: February 2 -- February 16 The Mammoth Lakes MLS is reporting 14 real estate closings for the period ranging from a low of $115,000 to a high of $1,395,000. Of the 14 escrow closings, 13 were financeable properties and eight (8) were conventionally financed. The five most expensive properties were all ski oriented properties. Imagine that. The 10-year Treasury yield ticked up slightly at … [Read more...] about Mammoth Real Estate Sales Report, February 16, 2020
