Market Trends

Mammoth Lakes Real Estate Market Update – May 2021

As of May 1, 2021, the Mammoth Lakes real estate market continues to be hot seller’s market.  What does that mean?  Simply put, it means there are more buyers than sellers.  I continue to receive new buyer calls daily and there are not a lot of options for them.  If/when they do find a property they like, there or multiple offers and often over list price.  The good news for...

Mammoth Lakes Real Estate Market Update – April 2021

As we enter the second quarter of 2021, the Mammoth Lakes real estate market continues to be hot.  What does that mean?  Simply put, it means there are more buyers than sellers.  I am answering new buyer calls daily but there are not a lot of options for them.  If/when they do find a property they like, there are multiple offers and often over the list price.  Some people think a...

Is the Real Estate Market Going to Crash?

While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last? When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether or not to put their houses on the market. However,...

Mammoth Lakes Real Estate Market Update – March 2021

There are several different data points to review when analyzing the current state of the Mammoth Lakes real estate 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 in Mammoth Lakes. Note that this report doesn't include any of the outlying areas beyond Mammoth Lakes. Mammoth Lakes...

Features Home Buyers Want Most in 2021

What buyers want in a home changes all the time. So, the question is—what are home buyers looking for in 2021? The National Association of Home Builders 2021 What Home Buyers Really Want report (outlined in a recent article from REALTOR® Magazine) explored the features that home buyers find the most desirable in 2021, including: So, what are the features that home buyers consider...

Mammoth Lakes Real Estate Market Update – February 2021

There are several different data points to review when analyzing the current state of the Mammoth Lakes real estate 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 in Mammoth Lakes. Note that this report doesn't include any of the outlying areas beyond Mammoth Lakes. Mammoth Lakes...

Insights into the 2021 Housing Market

2021 is officially upon us. But how, exactly, is the new year shaping up through the lens of real estate? HomeLight’s Top Agent Insights Q4 2020 Report surveyed over 1,000 real estate agents for their insights into the 2021 housing market, including: Lack of inventory will continue to pose challenges in 2021. A lack of homes for sale presented one of the biggest challenges for buyers in...

Buying A Home Sight Unseen? Avoid These Mistakes

Because of social distancing, stay-at-home orders, and other COVID-related challenges, buying a home sight unseen has become increasingly common. And when you do it the right way, you can find exactly what you’re looking for in a property—without ever actually seeing it in person. But if you do it the wrong way? It can be a real challenge. So, the question is, what are the biggest mistakes buyers...

Mammoth Lakes Real Estate Market Update – Year-End 2020

There are several different data points to review when analyzing the current state of the Mammoth Lakes real estate 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 in Mammoth Lakes. Note that this report doesn't include any of the outlying areas beyond Mammoth Lakes. Mammoth Lakes...

December 1st block letters with a notebook and glasses beside them

Mammoth Lakes Real Estate Market Update – December 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 11/30/20 2019 2018 2017 2016 2015 2014 Median* Sold Price $479,500 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500 Median* Days on...

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