Mammoth Lakes Market Update – March 2, 2015

March 3, 2015

Real Estate

Mammoth Lakes Market Update – March 2, 2015

real estate marketThere 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.

Condos YTD  thru Feb. 2015  


2013 2012 2011

Median* Sold Price











Median* Days on Market  










Total Condos SOLD 39 259 345 299 309

Single Family Homes

YTD  thru

Feb. 2015










Median* Sold Price











Median* Days on Market  










Total SF Homes SOLD 15 85 91 91 75


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).

In both categories it is too early to comment on a 2015 trend.

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:

CURRENTLY LISTED Condos Single Family Homes
Median* Price $399,000

Up  from $389,000 in Jan.


Up  from  $924k in Jan.

Median* Days on Market 78

Up from 76 in Jan.


Up from 154 in Jan.

Total Available as of Mar.  1 151

Down  from 153 in Jan.


Down from 66 in Nov


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.

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