Market Conditions and Properties in the Spotlight June 30, 2015
As we approach the 4th of July weekend, the weather should continue to be beautiful with highs around 74 degrees and scattered afternoon thunderstorms. The past week has brought some much-needed rainfall in the afternoons bringing out new wildflowers and greener grass around town and in the backcountry.
Our inventory has really begun to increase, mainly in the condo sector of the real estate market. As of today, June 30, 2015, we have 201 condos, 69 homes, and 53 vacant land listings in Mammoth Lakes. Activity is beginning to pick up with increased website traffic, inquiries, showing appointment requests, and offers being presented. This is customary for this time of year, and we should really see an increase in the number of pending sales (currently at only 50 for all property types in Mammoth) in the coming weeks. There is a great selection of properties currently available on the market, but this mainly applies to condos and townhomes. The single-family home sector of the Mammoth real estate market is still somewhat limited, or it is evident that sellers are listing their properties higher and higher. Will buyers be willing to pay the higher prices over the summer season? This will be interesting to see and I will provide a recap of the single-family home sales at the end of this summer. In the meantime, take a look at what Tom DiChristopher of CNBC's Realty Check has to say about the real estate market...
Summer has arrived in Mammoth Lakes. Temperatures have been very warm over the past week or so, the Aspens are lush and green, and wildflowers are in bloom. Summer is one of the best and most beautiful times of the year to visit Mammoth and experience all of the wonderful natural resources this mountain resort sanctuary has to offer. 
What an amazing lifestyle Mammoth Lakes provides year round for the recreational enthusiast or nature lover looking to escape the hustle and bustle of the ever-growing urban sprawl in the major Southern and Northern California cities. Only a 5-hour drive from Los 
Mammoth Mountain ski area is officially closed for the season, but the Sierra Star golf course is now in full swing. The real estate market seems to be picking up with increased interest and inquiries regarding homes and condos on the market. However, the number of properties currently in escrow remains low: Only 38 for all categories combined in the Mammoth Lakes area. As we approach the 4th of July, pending sales and inventory typically tend to increase and with August being one of the busiest months of the year for real estate sales in Mammoth Lakes. Interest rates remain competitive and quite low even for a 
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