Mammoth Real Estate Sales, May 13, 2018

Real Estate Activity Accelerates After A Pause, Vacation On Tap For Most Local Residents. Market Summary:  April 29 - May 13 The  Mammoth Lakes MLS is reporting 11 real estate closings in Mammoth for the period ranging from a low of $182,000 to a high of $589,000. Of the 11 closings, 10 were technically  financeable properties and seven (7) were conventionally financed. The 10-year Treasury bounced around the 3% range and mortgage rates are stubbornly up. But rates are still … [Read more...]

Mammoth Real Estate Sales, April 29, 2018

Excellent Winter And Spring Ski Condition Highlight The Period! Market Summary: April 15 - April 29   The  Mammoth Lakes MLS is reporting 17 real estate closings in Mammoth for the period ranging from a low of $252,000 to a high of $1,500,000. Of the 17 closings, 16 were technically  financeable properties and 10 were conventionally financed. There were two condo hotel properties sold with "conventional" financing and that is a new trend. Although not true conventional financing … [Read more...]

Mammoth Real Estate Sales, April 15, 2018

Ski Crowds Thin Out While Weather Fluctuates Between Winter And Spring Market Summary: April 1 - April 15 The  Mammoth Lakes MLS is reporting 20 real estate closings in Mammoth for the period ranging from a low of $199,000 to a high of $1,812,000. Of the 20 closings, 17 were financeable properties and 12 were conventionally financed. The local real estate market is back to a familiar pattern with 11 condo sales under the $430,000 and two $1M+  residential sales. There were also two condo … [Read more...]

Mammoth Real Estate Sales, April 1, 2018

March Does Not Disappoint!! Spring Breakers Get Great Conditions. Market Summary: March 18 - April 1 The  Mammoth Lakes MLS is reporting 18 real estate closings in Mammoth for the period ranging from a low of $187,000 to a high of $1,100,000. Of the 18 closings, 15 were financeable properties and 14 were conventionally financed. The mix of closed sales is back to a familiar theme; nine (9) of the 18 closings were condos under $400,000 (which is the new "low" threshold) and one (1) … [Read more...]

Mammoth Real Estate Sales, March 18, 2018

More Storms Hit Mammoth And Senior Skiers Set To Protest! Market Summary: March 4 - March 18 The  Mammoth Lakes MLS is reporting 19 real estate closings (same as last time) in Mammoth for the period ranging from a low of $65,000 to a high of $1,265,000. Of the 19 closings, 12 were financeable properties and eight (8) were conventionally financed. The low sale for the period was a garage in Snowcreek I (those prices are going up). The sales included seven (7) condos under $460,000, two (2) … [Read more...]

Mammoth Real Estate Sales, March 4, 2018

Finally!! A Real Winter Storm Pummels Mammoth...Balance of Ski Season Saved. Market Summary: February 18 - March 4 The  Mammoth Lakes MLS is reporting 19 real estate closings in Mammoth for the period ranging from a low of $276,500 to a high of $940,000. Of the 19 closings, 15 were financeable properties and seven (7) were conventionally financed. A slightly different mix of closings; six (6) condos selling under $380,000, a Buffs lot, a commercial lot on Old Mammoth Road, an old fourplex, … [Read more...]

Mammoth Real Estate Sales, February 18, 2018

The Drought Continues Through a Crowded President's Weekend! Market Summary: February 4 - February 18 The  Mammoth Lakes MLS is reporting 19 real estate closings in Mammoth for the period ranging from a low of $235,000 to a high of $1,250,000. Of the 19 closings, 17 were financeable properties and 11 were conventionally financed. The sales included 14 condominiums priced at $460,000 or below. There was one (1) REO closing. The 10-Year Treasury rate was watched closely during the period but … [Read more...]

Mammoth Real Estate Sales, February 4, 2018

Beautiful Weather In Mammoth But The Reality of a Drought Winter Has Arrived. Market Summary: January 21 - February 4 The  Mammoth Lakes MLS is reporting seven (7) real estate closings in Mammoth for the period ranging from a low of $257,500 to a high of $950,000. Of the seven closings, all seven were financeable properties and all seven were conventionally financed. And all seven were condominiums. One year ago there were 14 closings in the same period. Conventional financing rates are bound … [Read more...]

Mammoth Real Estate Sales, January 21, 2018

USA Olympic Positions Filled At This Past Weekend's Gran Prix! Market Summary: January 7 - January 21 The  Mammoth Lakes MLS is reporting 12 real estate closings in Mammoth for the period ranging from a low of $290,000 to a high of $1,225,000. Of the 12 closings, 11 were financeable properties and seven (7) were conventionally financed. Eight (8) of the 12 sales were condos selling under $500,000. With the 10-year Treasury heading over 2.6% the 30-year mortgage rate for most Mammoth … [Read more...]

Mammoth Real Estate Sales, January 7, 2018

Warm Weather Dominates The Holiday Period, Mammoth Begs For Snow! Market Summary: December 17 - January 7 The  Mammoth Lakes MLS is reporting 21 real estate closings in Mammoth for the three week holiday/end-of-the-year period ranging from a low of $175,000 to a high of $1,115,000.  Of the 21 closings, 18 were financeable properties and 13 were conventionally financed. There was one REO closing. There were two (2) residential vacant lots sold with seller financing. There were nine (9) condos … [Read more...]