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Mammoth Lakes Area Real Estate Analysis: September 2023

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Mammoth Lakes Area Real Estate Analysis: September 2023

Buying or selling property can be complicated, especially when dealing with different types like houses, condos, and townhouses. Understanding the key metrics for these property types can provide both buyers and sellers with invaluable insights to make informed decisions. Let’s dive into the current state of the Mammoth, California real estate market.

Months Supply of Inventory: Seller’s Market or Buyer’s Market?

Currently, the “Months Supply of Inventory” is at 4.42. This metric shows how quickly all the homes for sale would be sold if no new homes were listed. Typically, a lower number suggests a seller’s market, where the listing price may rise because of high demand and limited supply.

12-Month Change in Months of Inventory: Shifting Trends

There has been a significant increase of +54.55% in the “12-Month Change in Months of Inventory”. More homes available in the past year, giving buyers more choices and stronger bargaining power.

Median Days Homes are On the Market: Pace of the Market

Homes sell in the current market after an average of 19 days on the market. This fast-paced market indicates high demand and potential competition among buyers.

List to Sold Price Percentage: Market Strength

The “List to Sold Price Percentage” is 99%, showing a strong market where houses sell for almost the listed price. This suggests that there is a high level of interest from buyers and sellers may receive multiple offers.

Median Sold Price: Pricing Trends

The “Median Sold Price” for properties currently sits at $810,000. This figure helps buyers and sellers understand home prices in the market. It shows the overall pricing trends and what to expect.

Conclusion: A Mixed Market

The Mammoth housing market exhibits various characteristics when it comes to single-family homes, condos, and townhouses. On one hand, there is an increased inventory of these properties available for sale, providing prospective buyers with a wider range of choices. However, it’s important to note that these homes are selling rapidly, and prices remain elevated.

This suggests strong demand and potential competition. Buyers and sellers should consider these metrics when making decisions in the current market. As always, consulting with a trusted real estate professional can provide further guidance and confidence in navigating the market.

Using Trusted Real Estate Services in Mammoth Lakes

The Dynamic Market of Mammoth Lakes

As an experienced real estate agent in Mammoth Lakes, I understand the immense value that I bring to the table. Our market is dynamic, where home prices and available listings fluctuate regularly. In this landscape, my services can make a significant difference.

Your Licensed Professional

I’m not just any real estate agent; I’m a licensed professional who helps people buy and sell property. I help clients in Mammoth Lakes make smart decisions about their homes based on their lifestyle and budget.

Knowledge of Local Homes and Neighborhoods

When searching for homes in Mammoth Lakes, my extensive knowledge of the local market and neighborhoods becomes invaluable. Trust me to find homes that perfectly match your preferences and requirements.

Guided Assistance for Sellers

For sellers in Mammoth Lakes, I offer advice on enhancing the appeal of their homes. I provide guidance on effective marketing strategies to attract buyers and facilitate the selling process. This includes determining the appropriate pricing and ensuring a successful sale.

Comprehensive Support for Buyers

I assist buyers in locating the best Mammoth Lakes homes for sale. My services extend from guiding them through inspections to negotiating on their behalf, ensuring a seamless transaction experience.

Simplified Real Estate Journey

Working with a reliable real estate agent in Mammoth Lakes can make the process of buying or selling easier. Receive specialized assistance tailored to your specific needs concerning Mammoth Lakes home prices and available listings. My goal is to make your real estate journey as straightforward and efficient as possible, ensuring you achieve your desired outcome.

For any questions about the Mammoth Lakes real estate market, feel free to contact me today!

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Rebecca Garrett

As an avid outdoorswoman Mammoth suits Rebecca well. In 2007 her passion for hiking, skiing and the rugged beauty of the Eastern Sierra brought her to Mammoth Lakes and she hasn't looked back. The myriad outdoor activities offered by Mammoth and the Eastern Sierra are one of the main reasons people buy homes there and the principal reason she calls the area home. Rebecca has a firm grasp on real estate in the Eastern Sierra, as well as excellent customer service and negotiation skills. Her clients choose her because of her experience, integrity, and professionalism with creative & innovative ideas, tirelessly doing whatever it takes to service her clients and customers. She is highly respected in the Mammoth community, on both a professional and personal level. Instead of competing with other agents and brokers, Rebecca works with them in order to get results. In addition to being a member of the National Association of Realtors, Rebecca serves as a Director on the Mammoth Lakes Board of Realtors. She is actively involved in the community, as well as numerous non-profit organizations Rebecca started her real estate career as an agent in Los Angeles in the 90's for Jon Douglas. She then worked for John Aaroe and for Sotheby's International Realty in Pacific Palisades. Her love of architecture and design started early, as her father had his own architectural practice in London before moving Rebecca and her family to Los Angeles where he became the Director of the J Paul Getty Museum. Rebecca is British born, raised in California, has lived and worked in many countries and speaks English, Italian and French. She looks forward to working with you and helping you find the perfect home for you and your family or getting you top dollar for the sale of your home.

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