Home and Condominium Prices in Mammoth Lakes
Single Family Homes
Table of Median Home PricesAs of August 1st, 2019, the year-to-date median single-family home pricing is down 16% vs. 7.83% gains observed at the beginning of the year; these comparisons are made to 2018 year-end figures.
The median price for a single-family home in Mammoth Lakes, as of August 1st, 2019 was $773,125; based off a total of 52 sale. Single family homes appear to be adjusting for a variety of reasons including the fewer new home sale vs. last year. Additionally, condominiums are more attractive due to their transient rental capabilities. While home prices are currently down, but so are interest rates making a long-term home purchase more attractive than previous months.
Year-to-date 2019, the condominium market is still performing well, and relatively flat in comparison last month’s figures. As of August 1st, 2019, Median prices for a condominium in Mammoth Lakes were $450,000. This is based on a total of 204 sales Year-to-Date. This median sales price is 12.5% above the median price observed through 2018. Condominiums remain attractive due to their ease of management from afar and ability to rent on a transient basis.