The Idyllwild market is selling at a pace of about 10 to 20% of their inventory each month. It may be similar for you in Mammoth Lakes. In metropolitan areas, inventory is very low and this has pushed up prices a bit. We aren't talking bubble prices, we are talking 3% to 16% over a year, with ups and downs throughout the year. Southern Cal always rocks, that is, most of our cities have a dynamic market while outlying areas can have a lot less momentum to their pricing. (For example, in the recession in the 90s, in San Diego La Jolla dipped 25% while rural Alpine dipped 2-3%. But that corresponded with how much or little the two appreciated up until then as well, La Jolla was dynamic, Alpine was flat.) Prices remain suppressed by more stringent lending guidelines and distressed properties constituting 20% of most inventories. Prices are not being pushed up by conventional buyers--they are being pushed up by cash buyers like hedge funds. These cash buyers can constitute up to 45% of the completed sales here in So Cal!