Q: We hear the Town has passed a new ordinance pertaining to fireplaces. Can you give us some details and how this might/will affect real estate sales, transactions and values? A: The new ordinance was signed into place last month (March 20). It will be referred to as “13-03” and it passed rather quietly. But there was significant public notice/information and media coverage prior to the … [Read more...]
Mammoth Short Sale Burn Out
April 8, 2013 By Leave a Comment
The Mammoth foreclosure pipeline will soon take a respite of unknown duration. It’s all part of the ongoing “controlled burn.” The California Legislature is the major culprit this time. I’m not complaining, this happened last summer and it made for a enjoyable summer after a busy fall, winter and spring. Regular real estate keeps me busy enough. But the new California Homeowner’s Bill of … [Read more...]
Mammoth Real Estate Developments November 2012
November 16, 2012 By Leave a Comment
Fall is the time when local projects get started or completed because the summer visitors are gone and the snowpack hasn't built up yet. Before it all gets buried in snow I thought I'd shoot some video of the most recent projects.... http://youtu.be/fuYHgeQCHl8 • With the Ski Area taking over SLEDZ and renaming it Woolly's Tube Park and Snow Play, they've made some … [Read more...]
Broker’s Report.September 25––No On Bankruptcy! and The Election Chill
September 25, 2012 By Leave a Comment
The Town of Mammoth Lakes has announced the terms of the settlement with MLLA and Terry Ballas. The details can be found on any of the areas news outlets and the Town’s website. As Mayor Matt Lehman was quoted weeks ago as saying, “Nobody is going to be happy with the settlement.” But the Town will not be moving forward in bankruptcy court and (most) everybody should be happy about that. The … [Read more...]
Mammoth Real Estate Q & A: Why are Mammoth Condo Fees so high?
September 12, 2012 By 1 Comment
Q: We’ve been looking at Mammoth condominiums online and every time we see something interesting and we inquire about the monthly common area fees they are always so high. Why is that? And do the higher fees impact the values? A: This has become a BIG issue with many potential buyers. There are many variables and issues revolving around this topic. And ultimately I will try to do some … [Read more...]
Open Letter to The U.S. Bankruptcy Court
July 10, 2012 By 1 Comment
Dear Honorable Bankruptcy Judge (Who Will Hear Our Case), There is so much you need to know. As a 30+ year resident, property owner and business owner of Mammoth Lakes, I would like to enter my own comments into the record regarding the Town’s filing for bankruptcy. There is plenty of information and misinformation on this topic in all sources of media today. The entity that today “owns” … [Read more...]
The Mammoth BK Kabuki Dance
April 21, 2012 By Leave a Comment
Every day I find myself answering questions about the Town’s possible bankruptcy; from potential buyers, past clients, current owners, and many more who are simply too lazy to read the news (most of the links are provided right here on this blog). And I know there are buyers sniffing around this market but are “fence sitting” until there is a known outcome. Some buyers don’t really seem to … [Read more...]
Mammoth Broker’s Report, March 7, 2012
March 7, 2012 By Leave a Comment
Broker’s Report, March 7, 2012––My readers know I’m not ignoring all of the negative news coming out of Mammoth; from the low snowfall and all of the ramifications to the Town’s financial debacle to more harassment from LADWP over local water rights. But oddly, the Mammoth real estate market trudges along with activity. The interesting unknown in my mind; just how active would the market … [Read more...]
Mammoth Real Estate Q&A: Why Should I Buy If “The Sky is Falling”
February 19, 2012 By 1 Comment
This Mammoth Real Estate Q & A appears in this weekend's issue of The Sheet. There is a good crowd in town for the holiday weekend and a little fresh snow from last week has certainly helped. Q: We still want to purchase a condo in Mammoth but the local media is so full of negative things and we don’t think any of that helps local real estate values. Can you give us your outlook? A: … [Read more...]
Broker’s Report, November 14––Buying In Front of The 1000″ Winter.
November 14, 2011 By 2 Comments
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 stalled, and then moved solidly back into motion the last 30 days. It almost looks like … [Read more...]
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