Since Monday June 28th, the Mammoth Lakes Board of Realtors has been very busy.
In Mammoth, there are 13 new condominium/townhome listings ( 1 is a Short Sale ), 6 new single family residence listings ( 2 are USFS cabins ) and 1 new lot listing.
There have been 17 price reductions. 2 for Commercial Business Opportunities and 12 for condominiums ( 5 are distressed properties ).
As we progress into the Summer, I believe the inventory will continue to grow and the price reductions will continue.
In this market, if you’re going to sell your property it is best to price ahead of the market so your property has the best chance to sell quickly with a minimum number of days on market.
For buyers interested in a vacation property, come visit mid-week to get reduced rates and better access to properties. During the weekend, the occupancy rate goes up.
For more information on Mammoth Lakes real estate, please log onto my real estate wesite at www.easternsierraproperties.com.
Please share your thoughts by leaving a comment or call me at the office: 760-934-5088.
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