Excellent Winter And Spring Ski Condition Highlight The Period!
Market Summary: April 15 – April 29
At the period’s end the condominium inventory is up six (6) to 60 and includes a new under-construction “Morrison” plan at Creekhouse that overlooks the Mammoth Creek riparian area (see below). There were 14 new condo listings in the period and three (3) are already under contract and in escrow. Tourism and the local real estate market have both slowed in the past two weeks. We should expect new condo listings in the coming months (it is that time of year) and a whole new round of price discovery.
Single Family Inventory
The inventory of single-family homes is up four (4) 39. The least expensive home in Mammoth is priced at $604,000. But there are now 12 homes listed under $949,000, so the residential segment of the market is beginning to see new listings as well. We’ll see more as we move into summer.
The total number of properties in “pending” (under contract) in Mammoth Lakes is down 12 to 41 at period’s end. Of the 41 properties in “pending,” there are 27 in “Active Under Contract” status (formerly “back-up”). The total number of pendings in the aggregate Mammoth MLS (which includes outlying areas) is down six (6) to 67. So these numbers would indicate the market activity has slowed down. Perhaps it is exhausted from the heated market activity of the past six months.
Market Updates and News
Favorite New Listing For The Period!
Other Real Estate News
** Closed sales data is compiled from in-house files and public records.