Zillow Ranks

10/28/2014

Zillow Ranks the Zestimate 2-Stars in Accuracy for Mono and Inyo Counties! What does that mean for you?  It means that it is the lowest possible score for accuracy that Zillow can give itself other than “no data” or 1 star.  Please do not rely on the Zillow Zestimate for accurate property values in Mono Couty or Inyo County.  

What The Heck is Going On In Mammoth Lakes Real Estate Right now?

Lots of Low End Properties in Escrow.  We have 48 condos in escrow in Mammoth Lakes currently with a median list price of $267,000.  There are 14 SFR’s currently in escrow in Mammoth Lakes with a median list price of $697,000.  In Crowley Lake there are 3 SFR’s in escrow with a median list price of $467,900.  In June Lake there are no SFR properties currently in escrow.

People opt to take on remodeling on their own again.  Buying up low cost condos and doing the work themselves.  Less risk involved.  Remodeling costs are lower, so people are opting to do their own remodeling.   Flipping and DIY is more of a reality for a bigger portion of the market in the area here now.