Mammoth Lakes Real Estate Market Update & News October 22, 2018
As of today, October 22, 2018, the Mammoth Lakes inventory has a total of 54 homes, 97 condos and 55 lots on the market. Homes (in general) have been slow to sell with an “average days on market” of 127 for the current active listings in this category. Out of the 54 homes on the market, 19 homes are listed between $380,000 and $800,000, 10 homes are priced between $800,000 and $1 Million, and the remaining 25 homes are priced between $1 Million and $4.395 Million. There are equally as many homes priced up to $800,000 as there are homes on the market priced between $1 & $2 Million (19 homes), and 7 homes priced between $2 Million and $4.395 Million. During the past couple of weeks, a few of the homes which have been on the market for some time went under contract. Among these are: 189 Woodcrest Trail listed for $1,995,000, 310 Ranch Road listed for $1,499,000, and 464 Courchevel in the Knolls listed for $1,399,000. Fall is typically the time of year when the mid to upper end of the single-family home market begins to move.
This year to date, 294 condos have sold with an average of 89 days on market, ranging in sales price from $182,000 up to $1,575,000, with an average sales price of $445,225. Last year for the same period, 339 condos sold with an average of 110 days on market, ranging in price from $104,000 up to $1,087,000, and an average sales price of $389,671. Condos have been in high demand all year up until recently, which could coincide with rising interest...
