Mammoth Lakes Real Estate Trends – November 2019
Single Family Homes
As of November 1st, 2019, the year-to-date median single-family home price is down 14.7% vs. 2018. The median price for a single-family home in Mammoth Lakes, as of November 1st, 2019 was $785,064; based off a total of 81 sales this year. The total Year-To-Date sales in Mammoth Lakes have already surpassed the total number of sales seen in all of 2018 (79 sales). While the median price in November is lower than 2018, the median price has been recovering from greater lows observed in recent months.
Year-to-date 2019, the condominium continues to perform well. As of November 1st, 2019, Median prices for a condominium in Mammoth Lakes were $455,000; $5,000 higher than last month. This is based on a total of 313 sales Year-to-Date. This median sales price is 13.75% 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.
Mountainside Townhomes are located directly across the parking lot from Canyon Lodge in Mammoth Lakes. These homes are actually considered Planned Unit Developments, meaning each owner owns not just the structure, but the land beneath the structure. Because Mountainside is a project of homes, financing requirements is much easier than a condominium projects.