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Home Buying in Mammoth Lakes : Real Estate Advice

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  • Local Info9
  • Home Buying11
  • Home Selling1
  • Market Conditions3

Activity 7
Thu Apr 23, 2015
Lauren Tracy answered:
As the end of Winter is in sight am seeing some nice price reductions from sellers who haven’t sold over the winter months. Here are the listings that have shown the greatest price reductions by sellers over the shortest amount of time, showing that the seller is ready to make a deal and get their home sold! In addition, the trend I am seeing is higher list prices and lower offer and sales prices. It’s truly the season to “just make an offer” more than I have seen in the past 6 years! However, it is also good to note that an offer of more than 10% off list price is usually seen as an insult by a seller, unless they are very motivated to make a deal.

Another new law in our marketplace is NO POCKET LISTINGS and No Listing Clubs. This is a new rule in our local area which prevents the growing emergence of price fixing among agents, “usually resulting in a lower sales price for the seller,” according to National Association of Realtors. As agents, it is our duty to list and sell properties that have been given the best possible platform for gaining the most views by eligible buyers. This includes listing syndication through our MLS systems which sends the listings out to as many people as possible over the internet.

Here are the Most Motivated Sellers’ Single Family Listings just for you:

1.) 31% Price Drop in Starwood Estates over the last 9 months!

http://mls.propertiesofmammoth.com/property-search/detail/1/106893/

2.) 23% Price Drop in The Bluffs over the past 8 months!

http://mls.propertiesofmammoth.com/property-search/detail/1/106759/

3.) 13% Price Drop over the past 8 months SFR with Income Property in Mammoth Lakes

http://mls.propertiesofmammoth.com/property-search/detail/1/106889/

4.) 11% Price Drop over the past 7 months, June Lake Home, possible distress sale

http://mls.propertiesofmammoth.com/property-search/detail/1/106996/

5.) 11% Price Drop over the past 10 months, SFR near Canyon Lodge

http://mls.propertiesofmammoth.com/property-search/detail/1/106710/

6.) 9% Price Drop over the past 8 months, SFR in June Lake

http://mls.propertiesofmammoth.com/property-search/detail/1/106858/



Here are the Most Motivated Sellers’ Condo Listings just for you:

1.) 6% Price Drop in 1 month at The Westin Monache

http://mls.propertiesofmammoth.com/property-search/detail/1/107438/

2.) 10% Price Drop in 4 months at Meadowridge Townhomes in Mammoth Lakes

http://mls.propertiesofmammoth.com/property-search/detail/1/107212/

3.) 7% Price Drop in 3 months at Sunrise Condos on the meadow in Mammoth

http://mls.propertiesofmammoth.com/property-search/detail/1/107275/

4.) 12% Price Drop in 5 months at Mammoth West Condos near Canyon Lodge

http://mls.propertiesofmammoth.com/property-search/detail/1/107110/

5.) 14% Price Drop in 10 months at Val D’Isere Condos near The Village

http://mls.propertiesofmammoth.com/property-search/detail/1/106692/

6.) 14.5% Price Drop in 11 months! Ready for Summer! Snowcreek I 3+Loft on the Meadow and Creek!

http://mls.propertiesofmammoth.com/property-search/detail/1/106604/



As always please contact me with any questions on these properties available for sale in the Eastern Sierras! I look forward to hearing from you all!
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Thu Apr 23, 2015
Lauren Tracy answered:
This is definitely a seasonal town. Most of the locals leave for vacation during this time of year, May and June are very slow. Our 2nd slow season is right before winter in September October. ... more
0 votes 6 answers Share Flag
Tue Mar 17, 2015
Josh Barnett answered:
Your Broker should be training you on these questions. Call you Broker and tell them you need help understanding the market better.
0 votes 2 answers Share Flag
Tue Oct 14, 2014
Howard Sheckter answered:
The best locations are the ones that have EZ access to the Ski Back Trail which will be improved in the coming years. IE along Hillside drive in Mammoth Slopes V; Some lot locations that border up to the ski back trail in Mammoth slopes II and III. Also in the Little Eagle area, Mammoth Vista I and some of the Majestic Pines Area, Juniper Ridge. Some walk to lift locations. IE Village Gondola Access is Holiday Pines, Mammoth Slopes I and Mammoth Slopes IV for Walk to Canyon Lodge. Don't forget that the Ski Shuttle serves an even greater area! ... more
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Fri Aug 8, 2014
allison page answered:
Not right now. Only a few homes are zoned for this. Right now there is a town ordinance against it. However, the new town council is showing signs this may change. See this site to get involved:

Allison
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Tue Jul 1, 2014
Matthew Lehman answered:
I forgot to add that there is also a hotel planned for the area just between the 8050 building and Fireside at the Village, this hotel is currently being called "The Inn at the Village" and it is currently undergoing a subsequent Environmental Impact Review through the Town of Mammoth Lakes. ... more
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Sun Jul 8, 2012
Suzanne Baker answered:
Hi Raj,

I can provide HOA informaiton, rental income and complete market informaiton that will be helpful to you.

Our condo prices have stabilized now and this is a good time to obtain property in Mammoth. The Intrawest and Village properties are problematic for acquiring financing but there are private lenders who will assist you.

Please call or e-mail me if you would like my assistance in purchasing a Village property. I'm here to help! My number is 760-709-1447 or you my visit my Website at www.LoveMammothRealEstate.com.
... more
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