Beautiful Weather In Mammoth But The Reality of a Drought Winter Has Arrived.
Market Summary: January 21 – February 4
At the period’s end the condominium inventory is down five (5) to 58. There were 18 new condo listings in the period and six (6) are already under contract and in escrow. Condos in “turn-key” condition are selling quick. Condos with big asking prices are not selling. This time last year there were 114 condos on the market.
Single Family Inventory
The inventory of single-family homes is up three (3) to 32. This time last year there were 44 homes on the market.
The total number of properties in “pending” (under contract) in Mammoth Lakes is up 11 to 63 at period’s end. Of the 63 properties in “pending,” there are 49 in “Active Under Contract” status (formerly “back-up”). The total number of pendings in the aggregate Mammoth MLS (which includes outlying areas) is up 23 to 84. So the stats show that sales have increased after a slight January lull (which is historically normal). Last year the pendings were 33 and 62 respectively. But last year everything was buried.
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.