Mammoth Lakes Market Update – April 1, 2015

There are several different data points to review when answering this question including median price, days on market and total inventory sold.   Below is a snapshot of the last four  years closed transactions in Mammoth Lakes and what has happened so far in 2015.

In summary, the number of condos sold is the lowest amount in the last four years (28% less than 2013) while the median price has risen (10% higher than 2013) and days on market has decreased (16% lower than 2013) .

For single family homes,  the number of homes has stayed relatively flat while the price and days on market have both increased over 2013 (7% and 40% respectively).

Through the first quarter of 2015, total units sold is trending similar to 2014.  The median days on market is trending similar to 2015 in the condo category but is up significantly in the single family home category.

While this information is useful in observing trends, the current inventory must also be considered.  Below is a snapshot of the available properties available today:

If you are interested in buying or selling, a qualified Realtorâ can provide the relevant data for your specific neighborhood or area of interest.

*Median Price = Is the middle value for a range of values. This is a good indicator to use when there is significant data.  It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.