Key Insights on Mammoth Lakes Real Estate
After many months of watching crews work both north and south on Hwy. 395, the crews recently started working very close to home. They have been working inward from Hwy. 395 on Sawmill Road and were drilling very close to Hwy. 203 near McDonalds in the last week. This makes sense because Sawmill Road is mostly dirt and can be conventionally trenched. At first I thought they were bringing the fiber … [Read more...]
This Q&A appears in this week's issue of The Sheet, the annual "Year in Review"/New Year's edition. The snow conditions are fabulous in Mammoth with large crowds. Next week is booked heavily also. Happy New Year!! Q: I see that you were a Planning Commissioner in the 1990’s here in Mammoth Lakes, so what is your take on what is the most significant improvement to the area in the past … [Read more...]
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...]
Like the historic log cabins of nearly 100 years ago, Mammoth gambrels are from a bygone era too. What is a gambrel? Some people call them flat roofed "A" frames because they don't have perpendicular side walls. But for the most part these structures are the product of the 1970's and affordable/inexpensive construction of that period. The same residential lots people today want to construct … [Read more...]
Upon my return from vacation I found the most recent issue of the “trade” magazine from the National Association of Realtors®. For years I have always tried to glean something of value out of these publications, and I often used the best information for some discussion at sales meetings (over the years I noticed most of the company’s agents simply tossed theirs’ in the trash). On a back … [Read more...]
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...]
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...]
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 is diminished. Thankfully, the intent of real estate agreements compels … [Read more...]
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 the new baseball field. This is a modern built 4 bedroom + den / 3 bath home with garage. It is an efficient … [Read more...]
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 were forewarned by Rusty to “not become addicted to the heroin of development.” But many did … [Read more...]
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