Mammoth Real Estate Sales, January 6, 2019

Blackouts to Whiteouts, A Very Successful Holiday Period For Mammoth!!  Market Summary:   December 16 -- January 6 The following report is for the past three weeks, the end-of-the year holiday period. The Mammoth Lakes MLS is reporting 18 real estate closings for the period ranging from a low of $215,000 to a high of $1,203,000. Of the 18 escrow closings, 16 were financeable properties and 12 were conventionally financed. There was a broad mix of closings but … [Read more...]

Mammoth Real Estate Sales, December 16, 2018

Good Skiing And Mostly Good Weather, And Here Come The Holidays!! Market Summary:   December 2 - December 16 The  Mammoth Lakes MLS is reporting 13 real estate closings for the period ranging from a low of $135,000 to a high of $1,150,000.    Of the 13 escrow closings, 11 were financeable properties and eight (8) were conventionally financed. There were five (5)  condos selling under $450,000. The high sale for the period is the commercial property on Old Mammoth Road … [Read more...]

Mammoth Real Estate Sales, December 2, 2018

Snow!! Market Summary:   November 18 - December 12 The  Mammoth Lakes MLS is reporting 12 real estate closings for the period ranging from a low of $199,000 to a high of $1,550,000. Of the 12 escrow closings, 10 were financeable properties and eight (8) were conventionally financed. The mix was once again familiar; six (6) low-end condos and two homes in the $1.5M range.  The 10-year Treasury slipped again and closed the week at 3.03%. Mortgage rates didn't necessarily follow. The reports … [Read more...]

Mammoth Real Estate Sales, November 18, 2018

Ski Area Opens Two Days Late And Now Snow In The Long Range Forecast!! Market Summary:   November 4 - November 18 The  Mammoth Lakes MLS is reporting only six (6) real estate closings for the period ranging from a low of $190,000 to a high of $3,200,000. Of the six escrow closings, all six were financeable properties and four (4) were conventionally financed. Even though there weren't many closings it was a very familiar mix -- five low-end condos and a multi-million dollar home.  The … [Read more...]

Mammoth Real Estate Sales, November 4, 2018

More Great Weather And Plenty Of Concrete Being Poured In Mammoth! Market Summary:   October 21 - November 4 The  Mammoth Lakes MLS is reporting 18 real estate closings for the period ranging from a low of $220,000 to a high of $1,890,000. Of the 18 escrow closings, all 18 were financeable properties and nine (9) were conventionally financed and two  (2) were owner financed. Ten of 18 sales were condos selling under $500,000. Five (5) of the sales were single family homes selling for more … [Read more...]

Mammoth Real Estate Sales, October 21, 2018

Fabulous Fall Weather With Warmer Days Forecasted For Next Week! Market Summary:   October 7 - October 21 The  Mammoth Lakes MLS is reporting 25 real estate closings for the period ranging from a low of $250,000 to a high of $815,000. Of the 25 escrow closings, 21 were financeable properties and 20 were conventionally financed and one (1) owner financed. Fourteen of 25 sales were condos selling under $500,000. The sales included three vacant lots, two (2) in Old Mammoth and one in The … [Read more...]

Mammoth Real Estate Sales, October 7, 2018

The Weather Turns Wet With Some Dusting of Snow In The Higher Elevations!! Market Summary:   September 23 - October 7 This is a somewhat abbreviated report. By the time you read this I will hopefully be somewhere off the southern Baja coast (hurricanes permitting).  The  Mammoth Lakes MLS is reporting 16 real estate closings for the period ranging from a low of $230,000 to a high of $1,575,000. Of the 16 escrow closings, all 16 were financeable properties and nine (9) were conventionally … [Read more...]

Mammoth Real Estate Sales, September 23, 2018

Kamikaze, And Some Clarity From MMSA And Alterra On Their Future Plans Market Summary:   September 9 - September 23 The  Mammoth Lakes MLS is reporting 18 real estate closings for the period ranging from a low of $228,000 to a high of $1,325,000.  Of the 18 escrow closings, 16 were financeable properties and 12 were conventionally financed. Thirteen of the 18 closings were condos selling under $500,000. The 10-year Treasury was up over 3% and mortgage rates followed. Most borrowers are now … [Read more...]

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...]