Columns, Comments, Opinions, and Observations from Paul Oster, Broker/Owner of RE/MAX of Mammoth

Paul founded the brokerage in 1990 at the age of 31. In the past 24 years he has overseen a large quantity of real estate transactions and supervised dozens of agents. Today, he enjoys a smaller real estate company and is focused on one-on-one service with buyers and sellers of Mammoth real estate. Resident of Mammoth since 1981 (UCLA '81), former M.L. Planning Commissioner ('90-'98) and a member of the Mono County (Property Tax) Assessment Appeals Board since 2004. Experienced in multiple facets of resort development and property management. In his free time he is an avid skier, mountain biker and deep-sea fisherman.


Paul, How is Your Rating on Trulia and Zillow??

I don’t even know if I have any ratings at Zillow or Trulia or even Yelp. Maybe I should know? I do know they’re always trying to extract money from my pocket. And I know Trulia recently reported an $11.1 million dollar loss for the fourth quarter of 2013. Like many things in life, the more the real estate business changes, the more it stays the same. Trulia’s traffic was up, and their … [Read more...]

New Mammoth Listing White Mountain Lodge #2415

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Top floor units are always coveted in the Village, so here is White Mountain Lodge #2415. This 2 bedroom / 2 bath condo hotel unit is conveniently located just down from the elevator bays and across the sky bridge. This top floor unit features 12 foot high ceilings so it feels very spacious. The windows face east so there is great morning sun and views to the Sherwins, Bloody and Laurel Mtns. and … [Read more...]

Great Mammoth Opportunity! New Golf Course Homes

Graystone at Sierra Star

Here is an excellent chance to purchase a brand new home in Mammoth at an affordable price. While Mammoth did not have any new residential subdivisions planned, this one just happened. This property is located along the 16th fairway of the Sierra Star golf course. Originally the property was slated for the second phase of the Solstice condominium project. That never happened. Intrawest had … [Read more...]

New Mammoth Listing Snowcreek #889

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Listing inventory has been especially thin in Snowcreek Phase 5 the past few months. There are nearly 300 units in the project. So here is a nicely upgraded 2 bedroom / 2 bath condominium that has just come to the market. I refer to this floor plan as a "flat" because they are on the ground floor and all on one level. The other 2 bedroom properties in Phase 5 are town homes on two levels. These … [Read more...]

Mammoth Foreclosure Summit Condos #224

Summit 224 virtual tour

When Mammoth Mountain initiated the Mammoth Value Pass (MVP) some 13 years ago the demand for low-end condos increased dramatically. That demand is still strong today. During the early years of this phenomenon I coined the phrase "crashpad" to describe these condos and their intended usage. A good crashpad doesn't have to be glamorous, it needs good utility for the owner, and of course … [Read more...]

Mammoth Fireplaces––To Burn or Not To Burn??

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“History doesn’t repeat itself, but it does rhyme”    Mark Twain Sitting around a blazing fire on a frigid night is part of the winter experience here in Mammoth. But the old wood burning fireplaces have once again taken center-stage in Mammoth Real Estate Pain-In-The-Ass Department. Local agents and their buyers and sellers are sorting through the Town’s new ordinance. And just like … [Read more...]

Mammoth Real Estate Q & A: The Past Will Equal The Future….

This Mammoth Real Estate Q & A appears in this week's The Sheet, the annual Year In Review issue…. Q: Mammoth has had a rocky time the past couple of years; the bankruptcy, loss of town managers and other critical government personnel, etc. How are these events going to affect real estate in the next couple of years? A: Relatively speaking, the Town of Mammoth Lakes isn’t nearly as … [Read more...]

New Mammoth Listing Snowcreek #753

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In an era of low inventory, here is an excellent new property that has become available. Snowcreek #753 is a rare and unique floor plan; 3 bedrooms and 3.5 baths and a 2-car garage. The living area totals 2.375 square feet. The property features a large great room that is upstairs and south facing. The "looking up" views of the Sherwins and Mammoth Rock are spectacular and panoramic. The property … [Read more...]

Mammoth Foreclosures v9.9 The Horse Latitudes

The Mammoth foreclosure market is going nowhere. The causal observer thinks the foreclosure cycle is over. Insiders know differently. There are still plenty of distressed, underwater, and non-performing properties. This broker has no clue what the future holds. But for now the air is still, and where we get blown to next will be a function of Mr. Market, the continuing dysfunction of state and … [Read more...]

New Mammoth Listing Mountainback #25

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This time of year we are fond of saying "just in time for ski season."  While Mammoth is normally pretty quiet this time of year, there is also a mad dash by many to get properties ready for ski season. Many (new) owners want to ready their properties for  personal usage and for rentals. So contractors, painters, carpet layers, etc. are in demand and usually pretty busy. Everybody "wants it done … [Read more...]