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Mammoth Lakes Real Estate Market Update – October 2020

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory. Condos Through 9/30/20 2019 2018 2017 2016 2015 2014 Median* Sold Price $480,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500 Median* Days on...

Must-Know Lessons For Buying A Home Right Now

House hunting is always a process—but in the midst of COVID-19, there are even more things to know and learn about successfully finding and buying a home. But what, exactly, are those things? What do you need to know to find and buy a home right now? A recent article from realtor.com outlined key lessons home buyers should know if they’re shopping during COVID, including: Don’t bank on...

Preparing For An Appraisal? Focus On These Projects

An appraisal is an important part of the home selling process; you want your appraisal to accurately reflect your home’s value and your listing price. But if your home appraisal comes in lower than expected, it could cause issues with your home sale and put the deal at risk. Which is why, as a seller, you want to do everything you can to get your home ready for the appraisal. But what projects should...

Nearly Half Of Offers In The United States Are Being Made Sight Unseen

When COVID-19 first hit, much of the country was under stay-at-home orders, which made it impossible for buyers to get out and see potential homes in person. And while stay-at-home orders have been lifted in most places, many buyers are still wary about hitting open houses or touring homes in person. But, as it turns out, that’s not stopping them from actually buying homes. Thanks to video...

Rural Real Estate Prices Are On The Rise

Urban areas have long been the hottest real estate markets in the country. But the pandemic and stay-at-home orders left many people longing for more space, both indoors and out—and now that restrictions are being lifted, many of them are leaving the cities and heading to rural destinations to find the space they’re looking for. And as interest in properties in rural areas is increasing, so are...

August Home Buyer Activity Making Up For Lost Spring Market

In normal years, Spring is the hottest home buying season of the year for most markets across the country. But I don’t have to tell you that 2020 isn’t a normal year—and as a result of the COVID-19 shutdowns, the peak home buying season hit a little late this year. According to recent data from realtor.com, pace of sales, demand, and prices in August have all surpassed data from this time last...

Sellers Pocketing Significant Profits Despite COVID-19

When the COVID-19 pandemic first hit, there were a lot of concerns about how it would impact the housing market—including whether it would spark a decrease in home values. But, as it turns out, the opposite is true—and sellers are netting significantly more profit when they sell their home than anticipated. According to a recent report from ATTOM Data Solutions, during Q2 of 2020, home sellers...

Mammoth Lakes Real Estate Market Update – August 2020

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory. Condos Through 7/31/20 2019 2018 2017 2016 2015 2014 Median* Sold...

Mammoth Lakes Real Estate Market Update – July 2020

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory. Condos Through 6/30/20 2019 2018 2017 2016 2015 2014 Median* Sold...

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