Mammoth Lakes Real Estate Market Report February 2026

What’s New

There is A LOT happing in Mammoth Visit the links below to see all the details of what’s coming to Mammoth next.

“Rockspring” – North Village development. New 118-unit development on the former Nevados site.

“The Woodsite” – See what’s proposed for the Woodsite and Minaret Parcel

“Mammoth Hotel -The Residence Inn” – 101 Room hotel under construction on Berner Street. See photos and details of this project.

Parks and Recreation – Visit this link and take the survey to help shape the future of Mammoth Lakes Parks and Recreation.

Condominium Market Overview

The condominium market in Mammoth Lake’s is the biggest residential market and best indicator residential buyer attitudes. Short term rentals continue to be an important Driver, with notably more units being planned on development sites near the Village.

Market Drivers

Pricing: December pricing was exceptionally high due to 10 Limelight sales

Demand: Sales volume dropped significantly last month, but not unusual for January

Inventory: Active listings are up 44% over last January, but down vs. December.

Rates: Interest rates are seeing a consistent drop over the past year.

Single Family Homes Market Overview

Median home prices are notably higher than the $1,300,000 median for all of 2025 and greatly higher than the $980,000 observed this time last year. Total days on market continues to drop while inventory increased slightly over the past year. Interest rates continue to drop making purchases slightly more attractive.

Market Drivers

Pricing: Median Prices are notably higher than December and January of 2025

Demand: Demand remains steady with total sales consistent with last month.

Inventory: Total active listings have increase slightly over the past 12 months

Ready to Make Your Move?

Name: Matthew Lehman Real Estate
Address: 200 Sierra Park Rd. #1 ,, Mammoth Lakes, CA, 93546
Telephone: (760) 934-1110

Whether you’re buying or selling in Mammoth Lakes, expert guidance makes all the difference. Connect with a top-selling broker who knows the market inside and out.

Market data based on MLS information deemed reliable but not guaranteed. This report is a snapshot of time.

Kristen Ripley

Mammoth Lakes and the Eastern Sierra Mountains are incredible places to live and work, which is why Kristen chose to call it home. After growing up in New Jersey, going to high school and college in Illinois, and dabbling in Southern California, Kristen came to Mammoth Lakes in 2005. She fell in love with not only the breathtaking environment, but the intimacy of a small, strong, and growing community. Kristen met her husband, Adam in Mammoth Lakes and she is proud to raise their son, Ryder with the outdoor living the Eastern Sierra provides. In addition to supporting her son’s snowboarding, baseball, and soccer passions, Kristen enjoys hiking, fishing, and exploring the endless wonder with her family and their rescue dog, Charlie Brown. Kristen is active in the community, volunteers in her son’s classroom, and is part of the Elementary School’s PTO. Kristen is focused on making sure that you have a stress-free experience while buying or selling your home. She believes communication is key and is committed to prompt answering your questions and concerns and will always keep you updated throughout your real estate experience. Professionalism and personability are values she is committed to in her interactions with clients.
Contact Kristen

Kevin P McNaught, MBA

Phone: 949-943-9416
Email: kpmcnaught4@gmail.com

BAfter 26 years of living in Southern California’s Dana Point, Kevin and wife Lori decided to trade in their surfboards for skis and make Mammoth Lakes their permanent home. Kevin loves everything the Eastern Sierra has to offer daily including skiing, snow shoeing, biking, and hiking while including their 2 mini-Golden Retrievers, Cashel, and Clover. Kevin’s family includes daughter Colleen, son Connor, daughter-in law Lauren and 3 grandchildren Finnegan, Liam, and Regan Rose. Needless to say, the Eastern Sierra always provides the excitement, exercise and beauty all families desire!
Contact Kevin

Julie Raimondo

Julie Raimondo first came to and discovered Mammoth Lakes in 1997 introduced to the area from good friends that have been long time Mammoth Lakes second homeowners. Julie fell in love with the abundance of natural beauty, outdoor lifestyle and sense of community that the small town of Mammoth Lakes offers. A local property owner since 1999, In 2003 Julie opened her restaurant at the inception of the Village at Mammoth development. In 2004 Julie and her husband Michael became “locals” when they purchased a lot and built there dream mountain permanent residence in the heart of Mammoth Lakes.

Julie has been a self-employed restaurateur since starting her own company in 1994, she loves meeting and working with people and the restaurant business has been her foundation of many lifelong friendships over the years. Just like working in her restaurants for over twenty one years, Julie will work tirelessly for you, to find your perfect mountain home in Mammoth Lakes.

Julie loves skiing, hiking and horseback riding just to name a few that the Eastern Sierra has to offer the outdoor enthusiast.
Click here to View My Listings Contact Julie

Ashley Toups

Born in the home my father built in Mammoth Lakes, my heart has always belonged to the mountains… At a young age, my family moved to Palos Verdes where I grew up and graduated from Palos Verdes Peninsula High School. I then moved to Orange County and attended Cal State University, Fullerton. After college, I was a very successful leasing agent for the Irvine Company, where I learned how much I loved helping people find their dream homes. In 2007, while visiting family in Mammoth, I decided to follow my heart and move back to the area that I love.

My passion is in helping people find their homes and investments, from Bishop to Mono City, while exploring the outdoors with my husband and young daughter. I am blessed to be a part of the full-service team at Matthew Lehman Real Estate and look forward to guiding you through all aspects of the buying and selling process and everything in between. Please let me know how I can help you fulfill your dream in the Eastern Sierras!

Click here to View My Listings Contact Ashley

Matthew Lehman

Phone: (760) 934-1110
E-Mail: Matthew@MatthewLehmanRealEstate.com

Few people can say they grew up in Mammoth Lakes.

Although born in Los Angeles in 1969, Matthew’s first memories of life were his family moving to Mammoth Lakes in 1972. Although he spent most of his childhood in Mammoth Lakes, he did attend high school in Encinitas, California, where he earned a Congressional appointment to the Merchant Marine Academy and later a Secretary of Navy appointment to the United States Naval Academy in Annapolis, Maryland; later obtaining his bachelor of Science degree in Real Estate Studies from Marylhurst University, OR.

In 1992, Matthew moved back to Encinitas, California where worked with his father growing the family appraisal business “Bankers Appraisal” into one of the largest appraisal firms in the County. While Encinitas was a wonderful place to live, he missed the mountains and decided to take a large step and move back to Mammoth Lakes in 1996. Since this time, Matthew and his incredible office staff built the one of Inyo and Mono County’s notable appraisal firms as well as Matthew Lehman Real Estate.

In addition to being a broker, Matthew is very active in the community and has sat on the Mono County Assessment Appeals Board, represented property owners in Tax Appeals, held a board seat on the Mammoth Lakes Chamber of Commerce, Mammoth Lakes Tourism Board, Local Transportation Commission, Town Councilman for the Town of Mammoth Lakes (2010-2014), and was Mayor of Mammoth Lakes during one of its most challenging years – 2012/2013.

Although consistently a top selling agent in Mammoth Lakes, Matthew was the top selling real estate agent in Mammoth Lakes as well as all Inyo and Mono County in 2019 and 2024.

Matthew intends to live in Mammoth Lakes for the rest of his life, while taking active sailing trips throughout the world, living an active outdoor lifestyle with family and friends.

Click here to View My Listings Contact Matthew