Mammoth Real Estate Blog

Time Is of The Essence, and the “I’m Not-In-A-Hurry” Buyer

Paul Oster — Sun, 22 Jan 2012 17:31:10 +0000

Real estate can be a funny business, especially in Mammoth. As I often tell people, the local market is for the most part a “don’t have to buy, don’t have to sell” marketplace. Only with truly distressed sellers do we find real motivation. Because most buyers are second homeowners or investors, the sense of urgency [...]

Time Is of The Essence, and the “I’m Not-In-A-Hurry” Buyer is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

The Return of the Impulsive Mammoth Buyer

Mammoth Foreclosure of The Week | White Mountain Lodge #2209

Paul Oster — Wed, 18 Jan 2012 20:09:20 +0000

White Mountain Lodge #2209––This is NOT new to the market but the listing just hit the 90-day mark and the asset manager said “time to sell this.” So the price was just reduced to $329,900. This is a great price for this 2 bedroom / 2 bath unit in the heart of the Village. The [...]

Mammoth Foreclosure of The Week | White Mountain Lodge #2209 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | 1465 Majestic Pines Drive

Paul Oster — Sat, 14 Jan 2012 18:10:13 +0000

1465 Majestic Pines Drive––Now here is a low-end residential property worth looking at. This is a conventional structure (straight walls) in a true residential neighborhood with a good sized lot AND a garage. And based on the lot size and position of the structure, it sure looks like there is room to add-on in the [...]

Mammoth Foreclosure of The Week | 1465 Majestic Pines Drive is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Weekend | Horizons Four #166

Paul Oster — Sun, 08 Jan 2012 20:23:38 +0000

Horizons Four #166–This is the classic “70′s Dempsey-built 2 bedroom plus loft / 2 bath” floorplan that Mammoth visitors have stayed in for decades. The Horizons Four project is an extremely popular rental project; rarely do you find somebody that hasn’t stayed there at one point in their life. The project has a nice pool, [...]

Mammoth Foreclosure of The Weekend | Horizons Four #166 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

The HOT Mammoth Foreclosure of The Week | 1849 #304

Paul Oster — Fri, 30 Dec 2011 17:49:21 +0000

1849 #304–– Yes, this has been a busy REO week and the bank just listed this property last night. This is a dynamite property and a great opportunity for some buyer. This is all about LOCATION, VIEW, rentability (revenue potential)and purchasing on the “back-end” of a big HOA assessment. This is where the action is. [...]

The HOT Mammoth Foreclosure of The Week | 1849 #304 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | 149 Mono St.

Paul Oster — Fri, 30 Dec 2011 00:47:36 +0000

149 Mono St.––Looks like 408 Manzanita will go fast so I’ll let my readers see another new REO this week. This is a very different sort of duplex here in Mammoth. The front house is circa 1955 and is 4 bedrooms / 1 bath. It does have forced air heat and a wood burning stove. [...]

Mammoth Foreclosure of The Week | 149 Mono St. is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | 408 Manzanita #4

Paul Oster — Wed, 28 Dec 2011 17:16:05 +0000

408 Manzanita #4––This could make a great crashpad for a small family, or some couples, or anybody? Or make a nice little home (that’s what it was originally designed for). This is 2006 completed construction; a three level townhome with 2 bedrooms / 2 baths and a nice 1-car garage with extra storage and laundry [...]

Mammoth Foreclosure of The Week | 408 Manzanita #4 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

30 Years and Charting New Courses

Paul Oster — Sat, 17 Dec 2011 17:07:57 +0000

In the next couple of weeks a trivial local anniversary will pass greatly unnoticed here in Mammoth Lakes. But I will certainly take note. At the end of the year The Charthouse restaurant that quietly sits on the corner of Old Mammoth and Tavern Roads will turn 30 years old. Where did the time go? [...]

30 Years and Charting New Courses is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | 199 Hemlock St

Paul Oster — Sun, 11 Dec 2011 18:08:12 +0000

199 Hemlock–Okay, so this is another property in June Lake that we just brought to the market. It is quite unique and different. Here are two cabins on one piece of property. The first is “the stone house” and it has 1948 scrolled in some of the concrete outside, but who really knows?? To the [...]

Mammoth Foreclosure of The Week | 199 Hemlock St is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | Chamonix #34

Paul Oster — Thu, 01 Dec 2011 17:42:49 +0000

Chamonix #34––This newly listed condo could fall into several categories but the one that comes to mind is “crashpad,” but with a Canyon Lodge location. Yes, this is walk-to-the-lift location for most people; out the door and up Rainbow Lane. This is a 1-bedroom + loft property with 2 baths. The project has (large) internal [...]

Mammoth Foreclosure of The Week | Chamonix #34 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | 1940 Old Mammoth Rd

Paul Oster — Sun, 20 Nov 2011 18:53:14 +0000

1940 Old Mammoth Rd–For those who like a little “Mammoth funky” with a whole bunch of mountain feel AND utility, this could be it! This cabin was originally built in the 1950′s and sits up on a sunny knoll in the Old Mammoth district. It has nice views. The County records shows it as a [...]

Mammoth Foreclosure of The Week | 1940 Old Mammoth Rd is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Broker’s Report, November 14––Buying In Front of The 1000″ Winter.

Paul Oster — Mon, 14 Nov 2011 16:59:40 +0000

I had to change the date on this Broker’s Report, it was originally dated October 13. Yeah, it took me a month to finish it, and I had to re-write it, because plenty has happened in the last 30 days including considerable business. The “anticipation of winter” sales push started early in August, and then [...]

Broker’s Report, November 14––Buying In Front of The 1000″ Winter. is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | Mammoth Sierra Townhomes #19

Paul Oster — Wed, 09 Nov 2011 18:13:38 +0000

Mammoth Sierra Townhomes #19––Now this would be classified as a giant “crashpad” for those looking for such a thing. This is a 3 bedroom +loft / 4 bathroom end-unit townhome. Essentially the floorplan is 3 master suites and laundry area on the ground floor, a good sized great room with a smaller, but fully functional, [...]

Mammoth Foreclosure of The Week | Mammoth Sierra Townhomes #19 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | 141 Larkspur Lane

Paul Oster — Fri, 04 Nov 2011 02:07:28 +0000

141 Larkspur Lane–Now this isn’t for everybody (what is?) and it isn’t in Mammoth, but it is in the same zip code as Mammoth. This bank owned home is in the Rocking R subdivision in Crowley Lake. It is located at the end of a dead-end street and backs up to open space and overlooks [...]

Mammoth Foreclosure of The Week | 141 Larkspur Lane is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosures 7.7––The (Potential) Buyers and Rolling The Dice!

Paul Oster — Tue, 25 Oct 2011 14:57:31 +0000

The REO circus of the last two weeks has exposed and verified a few growing trends in Mammoth real estate and specifically the foreclosure and REO markets. While the banks and investors who own these properties are unemotional, methodical and have a very structured sales process, the (potential) buyers are quite another story. I’ve talked [...]

Mammoth Foreclosures 7.7––The (Potential) Buyers and Rolling The Dice! is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | Mountain Meadows #26

Paul Oster — Sat, 08 Oct 2011 18:40:53 +0000

Mountain Meadows #26–This new bank owned REO may not be in Mammoth Lakes proper but it is located in the same zip code. This is located in the community of Crowley Lake. These spacious townhomes were originally designed for more local-resident-type living but because of their current values and tremendous utility, they can make great [...]

Mammoth Foreclosure of The Week | Mountain Meadows #26 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | Sierra Manors #63

Paul Oster — Tue, 27 Sep 2011 17:10:42 +0000

Sierra Manors #63––Okay, inputting this is a “laugh out loud” (LOL) moment for me. Mammoth real estate agents love to brag about selling the high-end properties to their affluent clients, blah, blah, blah (I sometimes wish I was one of those!). But in the 80′s we focused on “bread-and-butter” deals in Mammoth, and in many [...]

Mammoth Foreclosure of The Week | Sierra Manors #63 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

The Mammoth TOT Letter––”Take a Letter, Maria”

Paul Oster — Sun, 25 Sep 2011 20:58:53 +0000

The Town’s “Rental Enforcement Notice” dated Sept. 8 was mass mailed and delivered to all Mammoth property owners the following week. Before mine was retrieved from my P.O. Box, I had several clients email me copies of theirs’. Nobody was impressed. At the very least the Town could have tried to not look so amateurish––every [...]

The Mammoth TOT Letter––”Take a Letter, Maria” is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | Horizons 4

Paul Oster — Sat, 24 Sep 2011 22:29:42 +0000

Horizons 4––Somebody will want this. Here’s a 2 bedroom + loft / 2 bath end unit in this popular project (the end unit offers extra windows in the dining area and loft giving the property nice light). This isn’t listed yet but should be soon. The previous owner agreed to relocation assistance (aka Cash 4 [...]

Mammoth Foreclosure of The Week | Horizons 4 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | St. Moritz #48

Paul Oster — Fri, 09 Sep 2011 21:57:04 +0000

St. Moritz #48––This condo, or we can even call it a townhome, is a perfect large “crashpad.” There’s plenty of room in this 2 bedroom+loft/2 bath property (1339 square feet according to the County Assessor). This is priced at only $189,150 which equates to $141 per square foot. That’s pretty darn cheap in a Mammoth [...]

Mammoth Foreclosure of The Week | St. Moritz #48 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Real Estate Q&A | The Economic (Self) Stimulus Puzzle

Paul Oster — Sat, 03 Sep 2011 17:01:40 +0000

This column appears in this week’s issue of The Sheet. Q: So Paul, what’s your take on the economic stimulus plan in Mammoth?? A: While I applaud those who are making the effort and the discussion is an important one, the topic of economic stimulus still remains a puzzle in my mind. Years ago we [...]

Mammoth Real Estate Q&A | The Economic (Self) Stimulus Puzzle is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | Solstice #22

Paul Oster — Fri, 19 Aug 2011 22:00:36 +0000

Solstice #22––This project gets skipped-by because some potential buyers immediately see objections. The first is always the high common area fee, which is right around $1000 per month. The second is cash buyers only. So if you can move past that, you’ll find this 2 bedroom/2 bath condo that was completed in 2006. The condition [...]

Mammoth Foreclosure of The Week | Solstice #22 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | 154 Mountain Vista Dr

Paul Oster — Tue, 09 Aug 2011 18:54:06 +0000

154 Mountain Vista–Okay, this isn’t in Mammoth but there are some good points of discussion here, especially pertaining to bank owned properties and “the process.” This is an awesome home in many ways. Located in a newer, modern subdivision in June Lake (that is a BIG deal), it is large (approx. 4100 sq. ft.) and [...]

Mammoth Foreclosure of The Week | 154 Mountain Vista Dr is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Broker’s Report, July 28 | Dog Days Low-Down

Paul Oster — Thu, 28 Jul 2011 19:57:51 +0000

The dog days of summer have finally allowed me to write this long over due broker’s report. But it still took awhile. The Mammoth real estate market is trending in typical fashion for this time of year. And we are in that almost laughable period in which I annually refer back to. Or at least [...]

Broker’s Report, July 28 | Dog Days Low-Down is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.

Mammoth Foreclosure of The Week | Sierra Valley Condos #15

Paul Oster — Sat, 23 Jul 2011 20:45:52 +0000

Sierra Valley Condos #15–Forget the loud colors, this soon-to-be-listed 3 bedroom/2 bath end-unit townhome has a nice laundry area, 1-car garage, den, deck and parking+storage out in front. Okay, this property really needs a painter. But about 20 gallons of a nice shade of white and it would look great. Add in some general clean-up [...]

Mammoth Foreclosure of The Week | Sierra Valley Condos #15 is an article written by Paul Oster, Broker/Owner of RE/MAX of Mammoth. For more articles and information on real estate in Mammoth Lakes visit Mammoth Real Estate Blog.