The Drought Continues Through a Crowded President’s Weekend!
Market Summary: February 4 – February 18
At the period’s end the condominium inventory is up three (3) to 61. There were 21 new condo listings in the period and seven (7) are already under contract and in escrow. It is an unusual time of year to see so many new condo listings but clearly there are owners/want-to-be-sellers who are taking advantage of increased prices, low inventory and strong buyer interest.
Single Family Inventory
The inventory of single-family homes is even at 32. There are three (3) home listed under $600,000. There are only 12 homes listed under $1M.
The total number of properties in “pending” (under contract) in Mammoth Lakes is up one (1) to 64 at period’s end. Of the 64 properties in “pending,” there are 43 in “Active Under Contract” status (formerly “back-up”). The total number of pendings in the aggregate Mammoth MLS (which includes outlying areas) is up seven (7) to 91.
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.