Key Insights on Mammoth Lakes Real Estate
This oversized Studio is a very popular floorplan because of the extra large kitchen and eating space. And the television is not right on top of the bed. Speaking of beds, this has a king size "Heavenly Bed" made famous by the Westin hotel chain. This is a luxury crash pad that can also generate good income. These are very popular rentals, very much like a hotel room with a kitchen. The view from … [Read more...]
Mammoth Foreclosure of The Week–– The Westin Monache #616 So here's a nice 1 bedroom and 1 bath unit located on the upper floors at this popular project. Beside being located adjacent to the Village Gondola and the Village proper and all the shops, restaurants and bars, the Westin Monache is also known for its lovely pool and spa area. And of course all of the Westin touches. This unit is in … [Read more...]
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 scratch my head over. There is a good volume of inventory and selection (the usual summer peak) to choose … [Read more...]
Mammoth’s real estate market, as well as many other aspects of life in Mammoth, has settled into a rather predictable local version of the “new normal.” Ongoing foreclosures, short sales, developer and investor/ment defaults, pie-in-the-sky planning proposals, restaurants coming and going, etc. have become almost like the change of seasons. There really are no surprises. The only surprise is … [Read more...]
Mammoth weather redeemed itself. The wintry spring gave us lovely summer-like weather the past few weeks. And the trend may stick around after the current cold front moves through. The fall colors are turning slowly-but-surely and it continues to be a fabulous time to be in the east side. And I might add, a perfect time to come look at Mammoth real estate. That is, if your agent isn’t on … [Read more...]
Broker’s Report, August 14––The Mammoth real estate market continues to influenced by three factors: foreclosures, very low interest rates, and the “what to do with my cash” syndrome. While the present economic environment has clearly brought some to ruin or impending ruin, the other half is looking for opportunities to acquire, upgrade, or simply improve what they have. And most are … [Read more...]
This Q&A appears in this week's The Sheet. This is the unedited version. Q: You haven’t written anything “spicy” lately and most of those columns have to do with development, so what do you see on the development horizon in Mammoth? A: Well, “spicy” isn’t the goal, just the byproduct. Over the years I’ve had the pleasure to work with many of Mammoth’s older and more … [Read more...]
Broker’s Report, July 30––I find it fascinating to correlate what is happening in the national and global financial markets to what is happening in the Mammoth real estate market. Years ago we relied on an early-printed edition of the LA Times and the nightly news on television for our outside-of-Mammoth information. Boy does that seem archaic. And decades of observation here in Mammoth … [Read more...]
Broker’s Report, May 27––Spring has sprung in Mammoth and while classic spring skiing can still be had on the Mountain, most minds have moved to bikes, golf clubs, fishing and hiking trails. The Mammoth real estate market experienced what has become the typical spring pop. The bulk of the sales have occurred in the low-end of the market, primarily condos under $400K. But there has been … [Read more...]
This Real Estate Q&A was scheduled to run in this week's The Sheet, but I guess they didn't need the filler. I'm working on new Broker's Report so I thought I better post this--don't want to overwhelm my readers with thought provoking material. “It Will Be Amazing” Q: We have been second homeowners in Mammoth for the past 16 years. We bought before Intrawest came on the seen and we … [Read more...]
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