Mammoth Real Estate Sales, September 9, 2018

Perfect Summer Weather And The Local Real Estate Market Screams; Price Reductions! Market Summary:   August 26 - September 9 The  Mammoth Lakes MLS is reporting 16 real estate closings for the period ranging from a low of $269,000 to a high of $5,750,000.  Of the 16 escrow closings, 15 were financeable properties and 13 were conventionally financed. Seven  (7) of the 16 closings were condos selling under $500,000. The balance of the closings include many noteworthy sales (see below). The … [Read more...]

Mammoth Real Estate Sales, August 26, 2018

Summer Crowds Dissipate and Mammoth Enjoys Cool and Clear Weather. Market Summary:   August 12 - August 26   The  Mammoth Lakes MLS is reporting 17 real estate closings for the period ranging from a low of $207,500 to a high of $1,050,000. Of the 17 escrow closings, all 17 were financeable properties and 12 were conventionally financed. And that includes a 2 bedroom unit in the Village. An increasing number of condo hotel purchases are now financed. That is good news. Nine (9) of the … [Read more...]

Mammoth Real Estate Sales, August 12, 2018

Hot, and In-and-Out Smoke, But Mammoth Hasn't Been as Bad as Other Sierra Locations! Market Summary:   July 29 - August 12 The  Mammoth Lakes MLS is reporting 16 real estate closings for the period ranging from a low of $205,000 to a high of $1,775,000. Of the 16 escrow closings, all 16 were financeable properties and 10 were conventionally financed. Six (6) of the 16 closings were condos selling under $500,000. For early August, the Mammoth real estate market remains very consistent with the … [Read more...]

Mammoth Real Estate Sales, July 29, 2018

Rain and Smoke Dominate But The Crowds Are Here To Beat The Heat!! Market Summary:   July 15 - July 29   The  Mammoth Lakes MLS is reporting 14 real estate closings for the period ranging from a low of $255,000 to a high of $4,725,000. Of the 14 escrow closings, all 14 were financeable properties and nine (9) were conventionally financed. Seven (7) of the 14 closings were condos selling under $500,000. And again there were no condo hotel units closed during the period. The high sale of the … [Read more...]

Mammoth Real Estate Sales, July 15, 2018

Summer Flow Into Summer Full of Music, Alcohol, and Tons of Recreation ! Market Summary:   July 1 - July 15 The  Mammoth Lakes MLS is reporting 18 real estate closings for the period ranging from a low of $221,500 to a high of $970,000. Of the 18 escrow closings, all 18 were financeable properties and 14 were conventionally financed. Thirteen of the 18 closings were condos selling under $450,000. There were no condo hotel units closed. There were three (3) homes closed between $655,000 and … [Read more...]

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...]