2014 Mammoth Lakes Real Estate Market Review
The Mammoth Lakes real estate market seems to have quieted down in 2014 compared with 2013. In the homes, condos and lots categories, there were a total of 350 closed sales from January 1, 2014 through December 31, 2014. In comparison, 2013 had a total of 462 closed sales for the same period in all 3 categories combined. This represents a 24% decrease year over year in closed transactions. Below is a breakdown by year for days on market, list prices and closed sales prices for homes, condos and lots.
2014 – Days on Market and List Prices
In 2014, collectively for all three categories, the average days on market were 169, highest days on market: 2296, lowest number of days on market: 0, and median days on market were 99. The average list price was $467,208, highest: $3,750,000, lowest: $89,000, median: $359,450 and total combined list price for all 3 categories was $163,522,973.
2013 – Days on Market and List Prices
In 2013, collectively for all three categories, the average days on market were 172, highest days on market: 1765, lowest number of days on market: 0, and median days on market were 105. The average list price was $435,741, highest: $2,750,000, lowest: $72,000, median: $332,250 and total combined list price for all 3 categories was $201,312,471.
2014 Closed Sales Data
In 2014, the average closed sales price was $443,565, highest closed sale: $3,250,000, lowest closed sale: $90,000, median closed sales: $350,000 and a total combined closed sales volume of $155,247,762. This represents a...