More Spring, More Winter, Mammoth Real Estate Is On The Move!
Market Summary: March 12 – March 26
The Mammoth MLS is reporting 20 real estate closings in Mammoth Lakes for the period ranging from a low of $145,000 to a high of $1,475,000. Of the 20 closings 17 were financeable prop
erties and11 were financed including two owner financed transactions. The high sale of the period was a vacant residential lot located in the Bluffs; one of the premier residential lots in Mammoth with spectacular views. There were two single-family sales and one condominium sale over $1M. There were two (2) REO/bank owned property closing, both 1-bedroom units at Sunstone. Fourteen of the 20 sales were condos listed under $400,000.
At the period’s end the condominium inventory is up four (4) to 93. There were 18 new condos brought to the market during the period. Three of the new listings are to-be-built townhomes at Creekhouse (Snowcreek Phase 7). One of these has already gone to pending status. There are now only 14 condos listed for sale under $300,000 including three Westin units.
Single Family Inventory
The inventory of single-family homes is down one (1) to 37. There are no homes listed under $500,000 and now only three (3) homes listed under $600,000.
The total number of properties in “pending” (under contract) in Mammoth Lakes is down (3) to 63 at period’s end. Of the 63 properties in “pending,” there are 48 in “Active Under Contract” status (formerly “back-up”). The total number of pendings in the aggregate Mammoth MLS (which includes outlying areas) is up six (6) for the period at 95. Based on the number of appointments I already have scheduled for the next two weeks, the upcoming spring break period will be busy for real estate.
Market Updates and News
New Favorite Listing For The Period!!
Other Real Estate News
Thanks for reading!