Mammoth Lakes Real Estate Market Update

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 two years closed transactions in Mammoth Lakes and preliminary year-end 2013 results.

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:

In summary for the condo market, there was a significant increase in the number sold (~14% ) and condos sold more quickly (~17%)and at a higher price than the previous two years (~7%).

In summary for the single-family home market, while the number sold and the median price remained relatively flat, the days on market reduced significantly.

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

For previous articles, visit www.sonjabush.com