Mammoth Lakes Current Real Estate Market Conditions March 23, 2020
As of today, Monday, March 23, 2020, the Mammoth Lakes real estate market has a total of 59 properties in escrow, 91 condos on the market, 39 single family homes on the market, and 32 vacant land listings.
As can be expected, the Mammoth Lakes real estate market has slowed dramatically over the past few weeks as the news of COVID-19 has continued to spread worldwide with many new cases in the U.S. As of today (right now) there are a total of 379,375 confirmed cases worldwide of which 45,346 are in the U.S. Out of the confirmed cases in the U.S., California has a total of 2,134. California’s current total population of residents is 39,937,489, which has grown from 38.95 Million in 2015. With such a large population in California and fearing disaster without containment of the virus, on March 19th, 2020, Governor Newsom ordered all California residents to stay home. The order is in place until further notice. It covers the whole state of California, “and it exempts activity as needed to maintain continuity of operation of the federal critical infrastructure sectors, critical government services, schools, childcare, and construction, including housing construction.” As of March 19th, the Town of Mammoth Lakes Health Department has asked that all non-residents not come to Mammoth until further notice, which is expected to be until at least April 30th. With that said, there are no hotels or properties that are taking reservations in an effort to support the executive order. You can read about the details of the executive order by ...
As of today, there are 70 condos and 46 homes on the market. Over the past couple of weeks, the inventory in the condo market has increased by 7 condos and 3 homes, which is minimal given the perceived panic conditions amplified by the media. In addition to the human tragedy of the Corona virus (COVID-19), the past couple of weeks have been extremely volatile in the financial markets with many people seeing their portfolios give back most of the generous gains in the stock market over the past year. This massive sell-off was initiated by news of 
The turmoil in the financial...