Mammoth Lakes Market Report for September 1, 2021
Single Family Homes
The median sales price for a single-family home, Year-to-Date (YTD) in 2021, is $1,312,000 (up 48% vs. 2020), this YTD figure has dropped 12.5% since last month’s YTD analysis. In 2020 the single-family home market in Mammoth Lakes produced a total of 126 sales and a median price of $885,000. The YTD median price is based on 86 sales. The price per square foot range for a single-family home in Mammoth is $320 to $1,020 with a YTD median price per foot of $516.
Single-Family Residential History Mammoth Lakes
The graph below is a representation of the median single-family home pricing taken from table above:
Condominium Market
The Year-to-Date (YTD) median price for a condominium in Mammoth Lakes is $599,000, which is 33% higher than the median price observed for all of 2020. This median price was determined through 307 sales YTD, compared to 442 sales in 2020. This month’s YTD prices are 1.5% greater than last month’s YTD median price. The YTD price per foot ranges from $335 to $1,000 with a median price per foot of $525.
The graph below is a representation of the condominium pricing table above:
Vacant Residential Land Market
The Year-to-Date (YTD) median price for a residential lot in Mammoth Lakes is $355,000, which is 12% higher than the median price observed for all of 2020. This median price was determined through 35 sales YTD, compared to 30 sales in 2020. This month’s YTD prices are 8% greater than last month’s YTD median price. The YTD price per foot for a vacant lot is $27.
Below is a graph showing the sales activity for vacant residential lots in Mammoth Lakes. Year to date land sales activity has already surpassed sales activity for any given year over the prior 10 years.
Featured Listings
104 Joaquin Road – Four units backing to a wooded lot and the town multi-use path, only a few steps from Sierra Star Golf Course. Building includes a detached two-car garage. All units are two-bedroom units with a bath. One of the units has been recently upgraded. Click here for details or call Matthew.
117 Shady Rest Road – Amazingly remolded home centrally located in Mammoth. This home is as turn-key as they come, and it has been beautifully appointed with top quality finishes. Three bedrooms, two bathrooms, with a larger patio, BBQ and outdoor spa. Show by appointment only. Take our Virtual Tour.
5781 Minaret Road – 3.21 Acres of development land within the North Village Specific Plan. This well-located parcel allows for 48 Rooms per acre and is just a short walk to the Village at Mammoth, Ski Gondola, and public transportation hub. Ideal hotel development site. Watch a video of this parcel. Call Ashley or Matthew for Details
549 Old Mammoth Road #204 – Spacious commercial condominium located on the second floor of the Sherwin Professional Plaza. This unit has over 1,400 square feet of usable area, 3 private office, a main workspace, kitchen, private bathroom, and ample storage for your office needs. Owner is willing to carry a loan on this property. Watch a Video for this property.
