MAMMOTH REAL ESTATE BLOG -
MAMMOTH LAKES REAL ESTATE NEWS & INFO
and Mammoth Mountain
announced this morning the addition of two new highly-anticipated non-stop flights from San Diego
and Orange County
to the Mammoth-Yosemite Airport (MMH) for the upcoming 2011-2012 Winter Ski Season
. In addition to the new flights, United also added a second daily flight to Mammoth Lakes from San Francisco. The new flights from San Diego and Orange County will begin on Friday December 16th, 2011 and the new San Francisco flights will begin on Thursday December 15th, 2011.
This brings the daily flights into the Mammoth Airport to eight flights per day this winter. Between Horizon Air and United Airlines, visitors can now hop a flight to Mammoth Lakes from Portland, San Jose, San Francisco (2 per day), Los Angeles (2 per day), Orange County and San Diego! to read more about the expanded air service, click the following link to the official PRESS RELEASE.
Mammoth Mountain Ski Area is the leading four-season mountain resort in California. With 1.3 million annual skier visits, Mammoth Mountain is currently the third most frequented ski resort in the United States.
The Mammoth Lakes Real Estate Market continues to show solid momentum for the 2011 year, with distressed properties (bank-owned, REO/foreclosure, pre-foreclosure and short sales) taking up a larger and larger portion of the closed sales volume. As of today in the Mammoth Real Estate Market, there are currently 333 total units listed for sale in the Residential, Condominium, and Multi-Family categories, however of all those active listings, only 17 units (5.2%) are bank-owned / REO units.
What is interesting about these market statistics, is that for the 2011 calendar year we have seen 205 total units that have sold YTD. Of all those closed 2011 sales, 89 of them were distressed (REO's or Short Sale) transactions. That is a whopping 43.4% off all 2011 sales falling into the distressed real estate category. So... only 5% of the listings are distressed, but 43% of closed sales are distressed. Hmmm. Another interesting market dynamic to note is that nearly 1/3 of all closed sales were cash buyers. That shift is a good market indicator that the investor-buyer is becoming a stronger component in the Mammoth Lakes Real Estate marketplace. Yes, the traditional "equity" sales from actual sellers are still part of the action, but we are continuing to see a ever growing demand for distressed property for sale.
If you would like to see all the available Mammoth Lakes Foreclosure properties for sale, click here
. Although Short Sales require a little more patience and time, the activity in Mammoth is defintiely showing a lot of interest in that category too...click here
to view all the active Short Sale Listings in Mammoth Lakes.
If you'd like to be among the first to know when a new listing hits the market, you can sign up for automatic email...
Prime Mammoth Lakes Development opportunity, just listed for $10,500,000. Unobstructed, panoramic views from this 5.2 acre high-density zoned parcel. Situated right across the street from the Snowcreek Golf Course / Resort as well as acres of deeded Open Space meadows, this unique Mammoth Lakes property has nearly 500 feet of Mammoth Creek and rainbow trout flowing through the south side of the property. This is the only remaining parcel of vacant land in Mammoth with a trout stream onsite. Endless possibilities to build Mammoth resort condominiums or townhomes, a Mammoth Lakes five star hotel or resort, luxury trout fishing retreat/lodge...or even the luxury estate home of your dreams. Zoning will permit up to 62+ units and nightly rentals. Click here
for all the photos and details, or contact me direct for additional information on Mammoth Lakes Real Estate opportunities. ...
New Mammoth Real Estate Foreclosure Listing. Great-Priced 4BD/3BA, 2830sf detached single family home on Majestic Pines Dr just hit the market today. This Mammoth Lakes bank-owned foreclosure listing is located in a prestigous neighborhood only a few blocks from Little Eagle Lodge and the chairlift. Sitting on a quiet cul-de-sac, you are literally just a few steps from the open space meadows, Mammoth Creek, bike trails and hiking. Here is the Link
to all the photos and details. If you have any other questions, please don't hesitate to call me on my cell phone (760) 914-3000.....
It's absolutely the best time of the year to be in Mammoth Lakes! How many amazing activities can you squeeze into one day??? We were excited to hear this morning that after several arduous weeks of some serious plowing by the National Park Service, Caltrans, US Forest Service and even the Mammoth Mountain Plow Crew, Tioga Pass Highway 120 into Yosemite is officially open today! Its only a 25 minute drive to Tioga from Mammoth Lakes and well worth the visit. Yosemite Valley's waterfalls are booming at capacity and it's the best time of year to see this natural wonder.
Here in Mammoth, California's highest elevation golf course, Sierra Star Golf Course just opened yesterday and the 18 hole championship course looks beautiful. And of course, you can't forget Mammoth Mountain! With the record-breaking winter this year and the huge snowpack still up on the hill, start your day with some great spring skiing or snowboarding on the world-famous Mammoth corn snow. There's still tons of terrain open, including the parks, superpipe, chairs 1,2,3,11 and both gondolas... and the coverage is just incredible. For you motocross enthusiasts, this weekend is also the annual Mammoth Motocross out at the Sherwin Meadows motocross track. If you are into some great trout fishing, the Mammoth Lakes Basin road is also fully plowed and is now open. There's still a lot of snow up there, but I hear there are some big, hungry fish in Lake Mary. Convict and Crowley Lake have also been reporting great conditions with some lunker trout catches. Down in the lower elevations, there are lots of great mountain biking single track trails wide open. So.....with all this variety...how much fun can you squeeze in to one day???
The longest day of the year in only a handful of days away, so make sure to take advantage of everything that Mammoth Lakes has to offer!...
Are you looking for a Mammoth vacation home with great rental income potential? This bank-owned property has now been reduced to $489,900. Two single family homes on one lot... live or vacation in one, and rent out the other! Both homes are 3BD/2BA detached homes on one lot. Bank will also pay ALL of buyer's closing costs. Lots of upgrades throughout, oversized 2 car garage and tons of off-street parking in the large driveway. Previous tenants paid $2200/mo for the front unit and $1100/mo for the back unit. Click here to see the photos and details. If you have any questions or would like more photos and information, feel free to email me at: jeff@Mammoth1.net or call me direct at (760) 914-3000.
Mammoth Mountain has just updated their snowfall totals for the 2010-2011 season...and IT"S OFFICIAL! This is the largest winter ever recorded with a whopping 588.5 inches so far, and we are now only 11.5 inches away from the elusive and never-before attained 600 inch mark. It looks like we may be in for a third 4th of July in a row for skiing and snowboarding, which will also be a new record for Mammoth. The skiing and boarding has never been better... Are you looking for a great deal on a ski-in-out condo or home? There are several properties for sale that are right on the slopes or next to the chairlifts. Here are all the active properties for sale, don't hesitate to contact me
if you have any questions about these or any other Mammoth properties for sale: Click Here to View Listings
The lowest priced condo in all of Mammoth Lakes just got even better. This bank-owned REO listing for a large, two story 1179 s.f. Two Bedroom+Loft+Two Bath condo just got reduced by the banks to $150,195, or $127.39 per square foot! If you are looking for value in today's market, it is always a good idea to not only look at the asking price, but to also compare the actual price per square foot of the property being sold. Current prices for active condo listings in Mammoth Lakes range from the high end of $707.26 per square foot, down to $127.39. This applies to all 162 active, market rate condo listings (not employee housing or deed-restricted properties). This condo located at Sierra Manors, is by far the lowest price per square foot condo for sale of all the active condo listings in Mammoth. Please visit the Foreclosure Link on the home page or click here
to see the photos and details of this condo. These good deals on foreclosures don't last long, call me if you have any questions: (760) 914-3000....
Mammoth Real Estate inventory has been on a steady decline for the past six months. Mammoth Lakes Board of Realtors MLS data shows that sales have greatly outpaced new listings over the last six months. The Mammoth Lakes MLS currently shows 167 condos listed for sale in Mammoth Lakes, while six months ago that number was hovering around 225 active condo listings for sale. Residential sales in Mammoth are also showing the same trends. Current Mammoth MLS inventory for single family homes shows 61 homes for sale, while six months ago there were approximately 96 Mammoth Lakes homes for sale. For more information on current Mammoth Real Estate trends and sales, please feel free to contact me
Three new Foreclosure condos hit the market in the last 24 hours. Currently there are (9) Condo Foreclosure Listings, (3) Single Family Home Foreclosure's and (1) Vacant Land Listing in Mammoth. Click the Foreclosure Link
to the left to see them all, including Mammoth and the surrounding areas....
More snow is on the way! 12-15 inches forecast for Sunday night into Monday. Some of the best early-season skiing in decades!...
Mammoth Mountain is in full operation, all lodges are now open, 7 feet+ of fresh snow reported!...