Mammoth Lakes Real Estate Market Conditions – July 31, 2015
As of today, July 31, 2015, there are a total of 209 condos, 70 homes, and 55 vacant land listings on the market in Mammoth Lakes. At a quick glance, single family homes priced over $1 Million seem to be in higher demand vs. the condo market of which the majority is sitting. Vacant land listings also seem to be in higher demand vs. the condo market. Although there was a healthy demand for homes and condos over the peak winter months along with a shortage of attractive options for buyers, that demand appears to have slowed down significantly over the past few months despite the great selection of properties currently on the market.
It‘s surprising to see that so many properties are sitting and haven’t yet sold. A few that come to mind are: 189 Woodcrest Trail in Snowcreek Ranch listed for $1,599,000, a vacant land listing in Snowcreek Ranch reduced to $319,500, Snowcreek IV #514 townhome listed for $749,000, The Lodges #1101 2-bedroom, 2.5-bath reduced to $614,900, and Sierra Megeve #25 (2-bedroom, 2-bath and completely remodeled) listed for $425,000. These are just a few of the many, which come to mind that have been sitting on the market. Although the home located at 189 Woodcrest Trail is fairly new on the market with just under a month, the setting for this home is unbeatable and could be one of the best lots in Mammoth. It was recently brought back to the market at a far lower price than where it was listed over the winter at $1,999,999.
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Great weather continues to grace Mammoth Lakes and the Eastern Sierra. Some much-welcome thunderstorms have been hitting almost every afternoon, bringing sporadic rain showers and slightly cooler afternoon temperatures. Thanks to this much-needed rainfall, Mammoth is looking just beautiful with green golf courses and blooming meadows. Speaking of the weather, the “El Nino” talk is beginning to spread with a favorable prognosis for a strong El Nino to hit this coming winter. Read about the most current 