Mammoth/Mono County Real Estate Update
Third Quarter - 2010
Mammoth Lakes, California
Fall Greetings from Mammoth Lakes,
Wow, we went from one of the warmest falls I can remember to rain, then snow in the blink of an eye. Out walking my dogs someone said “looks like winter is knocking at our door. I don’t think I am going to answer.” I am thinking he doesn’t really have an option here. It is a visual mixture of fall colors, wet from the rain, and snow on the mountains. Stunning.
This winter United Airlines/United Express will be offering one flight a day from San Francisco non stop to Mammoth. In addition, Horizon Air will be flying two flights a day non stop from LAX, one non stop from San Jose, and a daily flight from Portland – one stop. People I am talking with who are taking advantage of the flights in and out of Mammoth are loving it.
As far as real estate is concerned, typically we slow down after Labor Day although this fall seems a bit busier. The Westin auctioned off 18 units in mid September. The initial price offering started at $129,000. The units went out between $176,000 and $436,000.
Buyers are continuing to recognizing the values in our market and, if they can find the right property, are stepping forward to buy. There are still quite a few foreclosures and short sales.
Below is my market update comparing the first 9 months of 2005 thru 2010.
Mammoth/Mono County Real Estate Update
Third Quarter - 2010
Mammoth Lakes, California
Mammoth
Residences Number Closed Median Price
2005 89 $765,000
2006 49 $855,000
2007 40 $882,500
2008 35 $795,000
2009 40 $707,000
2010 55 $637,000
Currently Active: 99
Currently Pending: 13
Condominiums Number Closed Median Price
2005 424 $539,000
2006 296 $612,500
2007 137 $537,000
2008 154 $494,000
2009 186 $330,000
2010 232 $289,500
Currently Active: 203
Currently Pending: 108
Lots Number Closed Median Price
2005 48 $395,000
2006 31 $625,000
2007 16 $550,000
2008 5 $360,000
2009 6 $400,000
2010 9 $345,000
Currently Active: 47
Currently Pending: 2
Mono County
Residences Number Closed Median Price
2005 141 $719,000
2006 110 $699,000
2007 79 $664,000
2008 59 $575,000
2009 61 $575,000
2010 86 $501,000
Currently Active: 181
Currently Pending: 21
Condominiums Number Closed Median Price
2005 432 $537,500
2006 304 $589,000
2007 140 $535,000
2008 155 $494,000
2009 190 $329,000
2010 239 $280,000
Currently Active: 206
Currently Pending: 110
Lots Number Closed Median Price
2005 103 $325,000
2006 66 $356,000
2007 41 $270,000
2008 11 $250,000
2009 12 $231,000
2010 23 $111,000
Currently Active: 157
Currently Pending: 5
**Current Active and Pending data retrieved 10/5/2010**
Give me a call if you have any questions about real estate and what is going on in Mammoth/Mono County. I am also sending out a monthly Foreclosure/Short Sale mailing. Let me know if you would like to receive it.
Don’t forget, I LOVE REFERRALS! Know of anyone? I promise to take very good care if them.
Look forward to hearing from you soon.
Take care,
Darcy
Darcy Bauer
“Mammoth’s Real Estate Solution”
Mammoth Realty Group - Broker Associate
License #00708493
866.500.6515 Toll Free
760.934.6516 Direct
760.934.6476 Fax
mailto:darcy@qnet.com or darcy@mammothrealtygroup.com
www.buymammoth.com
- NUMBER1EXPERT™ 
