Mammoth Real Estate Sales, July 1, 2018

Smoke, Helicopters, And The Mammoth Summer Visitors Comedies Begin!! Market Summary:   June 17 - July 1 The  Mammoth Lakes MLS is reporting 13 real estate closings for the period ranging from a low of $274,000 to a high of $2,700,000. Of the 13 escrow closings, 12 were financeable properties and 11 were conventionally financed. Seven (7) of the 13 closings were condos selling under $415,000. There was one (1) vacant residential lot sold. And three (3) homes selling over $1M. The … [Read more...]

Mammoth Real Estate Sales, June 17, 2018

Motocross and Marathoners Invade Mammoth, Summer Tourism Launches! Market Summary:  May 27 - June 17 This report is for the past three weeks. The  Mammoth Lakes MLS is reporting 33 real estate closings for the period ranging from a low of $225,000 to a high of $1,765,000. Of the 33 closings, 31 were technically  financeable properties and 20 were conventionally financed. We are seeing more and more condo hotel units purchased with financing. Thirteen (13) of the sales were condos selling … [Read more...]

Mammoth Real Estate Sales, May 27, 2018

Cool Weather and Rain Dominate, But Mammoth Will Green-Up Beautifully!!  Market Summary:  May 13 - May 27 This will be a slightly abbreviated report because I'm heading out on vacation. The  Mammoth Lakes MLS is reporting only seven (7) real estate closings in Mammoth (as of Friday 5-25) for the period ranging from a low of $265,000 to a high of $1,400,000. Of the seven (7) closings, six (6) were technically  financeable properties and four (4) were conventionally financed. The … [Read more...]

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...]