Mammoth Lakes Summer 2016 Review

Fishing and Kayaking on Twin Lakes in MammothSummer is officially coming to an end as we begin our transition into fall and the lovely fall colors that this wonderful season brings.  Mammoth enjoyed record tourism this summer with record-breaking visitor numbers.  So many people were here enjoying the Eastern Sierra and the wide range of outdoor recreational activities: Back packing, Fishing, golf, hiking, mountain biking, road biking, tennis, paddle boarding, moto cross and paragliding (to name a few).  It seems that the hot temperatures in Southern California motivated visitors to head for the mountains, which resulted in Mammoth’s busiest summer in history.  I remember years ago when our shoulder seasons would last about six months of the year, which would begin in April and last through October.  The director of tourism for Mammoth has done an exceptional job in putting Mammoth on the map and getting people here to enjoy the year-round resort community, which Mammoth has become.  I’m not sure we really even have a shoulder season anymore.  People seem to be drawn to Mammoth all year long to enjoy the multitude of recreational opportunities or festivals.  Seeing this consistent explosion in tourism is great for the local businesses, which depend on tourism to survive.  

Snowcreek Fairway Ranch on Golf Course Entrance SignIn terms of real estate, it was a busy summer with record inquiries on active listings, property showings, and a lot of curiosity about possibly owning a vacation home/condo in Mammoth.  It was surprising to see how many people had never been to Mammoth before, but considered a second home purchase after their first visit.  In reviewing the activity in closed sales for the same period last year (June 1 to September 11) both condos and homes are almost identical in numbers.  June 1 – September 11, 2015 had a total of 72 condo sales and 31 home sales for Mammoth and June Lake combined, and this year we’ve had a total of 75 condo sales and 31 home sales for Mammoth and June Lake combined.  In separating out Mammoth from June for a more precise look at the Mammoth Real Estate market: There were a total of 27 home sales last year and 26 home sales this year for this period.  With so few condo complexes in June Lake there’s no need to separate out the two areas to get a more precise picture as 99% of the condo sales are in Mammoth alone.  Below is a chart showing a detailed snap shot of this year’s closed residential summer sales.  Notice that the majority of sales for home in Mammoth closed under $800,000.  Only six homes sold over $1.1 Million for the period. 

Sold Price

Address

PPSF

Beds

Baths

SF

Lot SF

Built

Garg.

DOM

Sold

$1,575,000

403 E. Bear Lak Drive

$443.41

5+

4.5

3552

2016

2

371

6/1/2016

$1,550,000

345 E Bear Lake Drive

$449.28

5+

5+

3450

15,682

2016

3

138

6/17/2016

$718,000

93 Monterey Pine

$211.80

5+

4

3390

8,276

1979

NN

60

8/5/2016

$740,000

217 Alexander Lane

$409.75

2

2

1806

34,412

1993

2

42

8/3/2016

$490,000

130 Mill Street

$371.21

3

2

1320

12,197

1971

NN

92

8/12/2016

$635,000

155 St. Moritz Road

$336.69

4

2

1886

8,276

1976

2

44

8/26/2016

$575,000

166 Red Fir Road

$290.40

3

2

1980

8,276

1979

2

98

8/29/2016

$732,000

502 Canyon Boulevard

$369.14

3L

3

1983

7,405

1985

2

66

8/29/2016

$1,195,000

140 Rainbow Lane

$363.00

5+

4.5

3292

8,712

1998

3

141

7/29/2016

$990,000

536 Lakeview Blvd

$399.03

4

3.5

2481

7,405

2001

2

754

7/25/2016

$653,000

360 Hillside Drive

$340.99

3

2

1915

10,019

1980

NN

296

8/12/2016

$529,200

265 Hillside Drive

$332.62

3

2

1591

7,841

1987

1

147

7/14/2016

$685,000

386 Monterey Pine Rd

$347.89

4

3.5

1969

7,405

1997

2

246

7/21/2016

$746,000

343 Monterey Pines Court

$291.52

3

3

2559

6,970

1978

2

314

6/14/2016

$590,000

99 Valley Vista Drive

$307.29

3

2.5

1920

7,841

1977

2

43

7/21/2016

$430,000

1867 Old Mammoth Road

$316.18

3

2

1360

7,405

1970

NN

132

9/2/2016

$500,600

41 Shady Rest Road

$333.51

3

1.5

1501

7,841

1941

NN

68

6/14/2016

$360,000

262 Manzanita Road

$404.49

2

1

890

27,007

1950

2

99

8/21/2016

$412,500

207 Joaquin

$304.65

1L

1.5

1354

19,166

1960

2

70

6/2/2016

$410,000

397 Forest Trail

$256.25

2

2

1600

7,405

1962

NN

195

8/16/2016

$810,000

126 Panorama Drive

$349.59

3

2.5

2317

10,019

1989

2

57

8/9/2016

$1,500,000

189 Woodcrest Trail

$394.74

4

4.5

3800

15,246

1998

2

384

7/20/2016

$1,470,000

213 Starwood

$386.84

4

4.5

3800

12,197

2003

2

633

6/27/2016

$1,375,000

65 Starwood Drive

$394.66

4

3.5

3484

13,068

2003

3

191

6/23/2016

$780,000

421 Wagon Wheel

$337.08

3

2.75

2314

9,148

1992

3

98

8/12/2016

$725,000

519 Wagon Wheel

$216.03

5+

4.5

3356

11,761

2003

2

74

8/2/2016


With regard to pending sales (properties “under contract” or in “back up” status = in escrow), we currently have 17 homes under contract in Mammoth & June Lake combined.  Below is a detailed chart showing pending home sales:

Price

Address

PPSF

Beds

Baths

SF

Lot SF

Built

Furn.

Garg.

DOM

$379,000

99 N Texas Street

$247.07

2L

1.75

1534

7,841

1979

P

NN

12

$425,000

330 Reversed Creek Ln.

$452.13

2

1

940

14,810

1934

N

NN

36

$499,000

184 Snowcrest Avenue

$294.22

3L

2

1696

7,405

1979

Y

4+

96

$499,000

173 Snowcrest Ave.

$219.73

5+

3

2271

8,276

1971

N

2

499

$529,000

114 Cliff Circle

$400.45

3

2

1321

9,148

1997

N

2

18

$539,000

703 Canyon Boulevard

$362.96

4

2

1485

9,583

1978

N

NN

63

$540,000

2 Snowridge Lane

$356.20

4

3

1516

7,405

1969

Y

NN

82

$625,000

89 Red Fir

$317.58

4

2

1968

11,326

1986

P

2

52

$669,000

86 St Anton

$311.89

2L

3

2145

7,841

1971

P

1

53

$799,000

472 E Bear Lake Drive

$399.50

4

3.5

2000

8,276

2015

N

2

0

$806,500

202 Zermatt Court

$399.26

3

3

2020

8,276

1999

Y

3

45

$933,450

446 E Bear Lake Drive

$436.60

4

3.5

2138

10,019

2015

N

2

1

$995,000

230 Monterey Pine Rd

$289.67

4

4

3435

11,761

1998

P

3

60

$1,099,000

214 Valley Vista Drive

$293.54

4L

4.5

3744

7,841

1995

N

2

140

$1,149,000

595 Canyon Boulevard

$408.75

3L

2.5

2811

7,405

2004

N

3

112

$1,285,000

394 E Bear Lake Drive

$443.10

5+

4.5

2900

10,160

2015

N

2

45

$1,499,000

757 Canyon Blvd

$424.65

4L

4.5

3530

7,841

2006

Y

3

170


Let’s take a look at the condo activity during this summer.  There were a total of 75 closed condo sales and there are currently 61 condos in escrow that are moving towards closing.  Below is a detailed chart of condo sales from June 1, 2016 to September 11, 2016.  The complexes that had more than 3 sales each were: Chamonix with 5 closed sales, Seasons 4 with 3 closed sales, Snowcreek phases 1-5 with 5 closed sales, St. Moritz Villas with 3 closed sales , Villa De Los Pinos with 3 closed sales and the Westin Monache with 4 closed sales:

Complex

Unit

Original $$

Sold Price

SF

PPSF

Beds

Baths

HOA $

DOM

Closed

1849 II

514

$349,000

$320,000

1050

$304.76

Two

2

$545

195

9/1/2016

Aspen Village at Mammoth Creek

G-103

$369,000

$360,000

1496

$240.64

Three

2

$345

97

7/25/2016

Bigwood

32

$179,900

$180,000

1044

$172.41

One/Loft

2

$505

29

8/25/2016

Birch Creek

#4

$180,000

$90,000

452

$199.12

One

1

$372

445

8/22/2016

Chamonix

84

$460,000

$430,000

1330

$323.31

Two/Loft

3

$781

932

1/5/2017

Chamonix

C #55

$219,000

$190,000

680

$279.41

One

1

$412

275

7/7/2016

Chamonix

68

$259,000

$259,000

991

$261.35

One/Loft

2

$589

69

6/3/2016

Chamonix

79

$205,000

$197,000

680

$289.71

One

1

$411

46

6/10/2016

Chamonix

91

$395,000

$370,000

1330

$278.20

Two/Loft

3

$765

121

8/12/2016

Chat De Montagne

44

$425,000

$425,000

1713

$248.10

Four

3

$570

49

7/11/2016

Conestogas

116

$169,000

$147,500

612

$241.01

Studio/Loft

1

$335

85

8/25/2016

Courchevel

9

$360,000

$341,000

1147

$297.30

Two/Loft

2

$756

41

8/1/2016

CreekHouse

1300

$925,000

$885,000

2244

$394.39

Three

3.5

$561

79

8/11/2016

Eagle Run

213

$789,000

$715,000

1371

$521.52

Three

2

$1,100

311

9/7/2016

Forest Creek

21

$299,000

$282,500

1232

$229.30

Two

2.75

$563

83

8/4/2016

Forest Meadows

24

$239,000

$229,000

880

$260.23

Two

1

$460

113

8/5/2016

Horizons IV

144

$229,000

$220,000

995

$221.11

One/Loft

1.75

$496

43

8/23/2016

Horizons IV

141

$185,000

$180,000

736

$244.57

One

1

$444

45

8/25/2016

Joaquin Estates

B

$575,000

$525,000

1839

$285.48

Three

3

$375

139

8/21/2016

Juniper Sps Ldg

316

$239,000

$225,000

560

$401.79

One

1

$635

196

7/6/2016

Juniper Sps Ldg

434

$444,000

$385,000

869

$443.04

Two

2

$718

598

8/29/2016

Krystal V W

29

$199,000

$195,000

1034

$188.59

One/Loft

2

$383

46

6/3/2016

Krystal V W

18

$220,000

$220,000

1034

$212.77

One/Loft

2

$383

37

7/8/2016

Lincoln House

3402

$1,225,000

$1,000,000

1942

$514.93

Three

3

$980

140

8/19/2016

Mam Gatewy Vil

3

$575,000

$550,000

1975

$278.48

Three/Loft

2.5

$418

100

7/13/2016

Manzanita Ridge

2

$339,000

$330,000

980

$336.73

Two

2

$332

56

7/29/2016

Meadow View Rdg

3

$289,000

$285,000

1353

$210.64

Two

2

$318

54

7/20/2016

Meadowridge

24

$569,000

$500,000

1411

$354.36

Three

3

$715

176

8/26/2016

Meridian Villas

#6

$189,000

$185,000

830

$222.89

Two

1

$350

45

8/10/2016

Mmth Creek

20

$355,000

$335,000

1354

$247.42

Two/Loft

2

$755

73

7/29/2016

Mmth Green

19

$359,000

$342,000

1045

$327.27

Two

2

$846

325

7/22/2016

Mmth West

107

$325,000

$310,000

1152

$269.10

Two

2

$615

155

8/11/2016

San Joaquin Villas

5

$310,000

$315,000

1146

$274.87

Four

2

$300

53

7/29/2016

San Sierra

5

$189,000

$175,000

708

$247.18

One

1

$407

91

6/1/2016

Seasons IV

151

$188,000

$183,500

726

$252.75

One

1.25

$501

126

6/17/2016

Seasons IV

166

$299,000

$235,000

1260

$186.51

Two/Loft

2

$756

370

6/15/2016

Seasons IV

181

$189,000

$185,000

836

$221.29

One

1.25

$460

53

8/19/2016

Sherwin Villas

G-66

$239,000

$239,000

1258

$189.98

Two/Loft

2.5

$728

46

8/12/2016

Sherwin Villas

26

$232,500

$232,500

1200

$193.75

Two/Loft

3

$800

76

6/16/2016

Sierra Manors

31

$169,000

$162,500

957

$169.80

One/Loft

1

$371

59

6/10/2016

Sierra Pk Villa

59

$259,900

$241,000

868

$277.65

Two/Loft

1.5

$406

161

8/29/2016

Snowcreek I

45

$399,000

$375,000

1331

$281.74

Two/Loft

2

$511

190

6/30/2016

Snowcreek I

71

$579,000

$555,000

1819

$305.11

Three/Loft

3

$549

117

8/17/2016

Snowcreek II

318

$435,000

$415,000

1554

$267.05

Two/Loft

2

$407

50

7/18/2016

Snowcreek II

G-327

$60,000

$61,500

264

$232.95

Studio

NN

$25

29

8/9/2016

Snowcreek II

239

$420,000

$375,000

1357

$276.34

Two/Loft

2

$418

382

7/27/2016

Snowcreek II

302

$465,000

$420,000

1357

$309.51

Two/Loft

2

$418

369

7/14/2016

Snowcreek III

433

$245,000

$230,000

823

$279.47

One

1

$437

197

8/26/2016

Snowcreek IV

549

$560,000

$560,000

2111

$265.28

Three/Loft

2.5

$598

45

7/26/2016

Snowcreek V

974

$559,000

$550,000

1556

$353.47

Two

2

$547

79

9/6/2016

Snowcreek V

929

$508,000

$472,000

1395

$338.35

Two

2

$659

340

7/20/2016

Snowcreek V

913

$519,900

$425,000

1395

$304.66

Two

2

$659

486

6/16/2016

Solstice

18

$599,000

$530,000

1525

$347.54

Three

2

$1,008

486

6/27/2016

St. Moritz

#67

$139,900

$132,000

389

$339.33

Studio

1

$266

87

6/24/2016

St. Moritz

35

$319,000

$310,000

1147

$270.27

One/Loft

1.75

$500

60

8/19/2016

St. Moritz

34

$250,000

$241,000

1410

$170.92

Two/Loft

2

$576

13

8/1/2016

Stonegate

13

$1,139,000

$1,166,000

3186

$365.98

Four/Loft

4.5

$720

47

8/31/2016

Summit I

31

$195,000

$185,000

748

$247.33

One

1

$411

163

7/8/2016

Summit II

B242

$209,000

$197,500

738

$267.62

One

1

$390

124

8/1/2016

Sunshine Vlg

118

$225,000

$210,000

979

$214.50

One/Loft

1.75

$456

100

7/13/2016

Sunstone

303

$319,000

$285,000

560

$508.93

One

1

$650

125

6/3/2016

Tyrolean Village I

2

$298,500

$275,000

1072

$256.53

Two

1.5

$421

85

9/7/2016

Villa D Los Pin

ONE

$430,000

$400,000

1536

$260.42

Three

2

$470

146

6/14/2016

Villa D Los Pin

43

$294,000

$275,000

1194

$230.32

Two

2

$445

179

7/1/2016

Villa D Los Pin

17

$319,000

$306,500

1152

$266.06

Two

2

$445

212

6/16/2016

Westin Monache

731

$375,000

$345,000

549

$628.42

One

1

$675

230

8/12/2016

Westin Monache

444

$220,000

$188,000

482

$390.04

Studio

1

$730

210

9/2/2016

Westin Monache

425

$225,000

$215,000

499

$430.86

Studio

1

$730

96

6/27/2016

Westin Monache

242

$295,000

$280,000

549

$510.02

One

1

$750

118

8/3/2016

White Mtn Lodge

2324

$328,000

$319,000

542

$588.56

One

1

$700

28

8/8/2016

White Mtn Lodge

2231

$625,000

$530,000

1365

$388.28

Two

2.5

$800

155

8/9/2016

Wildflower

51

$219,900

$205,000

833

$246.10

One

1

$447

173

6/29/2016

Wildflower

53

$234,000

$197,000

834

$236.21

One

1

$447

167

6/1/2016

Wildrose

#9

$239,900

$197,000

1117

$176.37

Two

2

$530

847

7/15/2016

Woodlands

9

$314,000

$314,000

1152

$272.57

Two

2

$560

89

8/30/2016


With regards to the 61 pending condo sales, below is a chart showing a detailed snapshot of which condos are in escrow and moving towards closing: 

Project Name

Unit

Original $$

Reduced $$

SF

PPSF

Built

Beds

Baths

HOA $

DOM

Mtn Shadows

K-3

$135,000

$135,000

306

$441.18

1972

Studio

1

$233

12

Krystal V E

113

$145,000

$145,000

589

$246.18

1970

One

1

$318

112

La Vista Blanc

53

$149,500

$149,500

487

$306.98

1972

Studio

1

$229

39

Mtn Shadows

C3

$157,500

$157,500

713

$220.90

1971

One

1.25

$350

150

Seasons IV

187

$179,000

$179,000

737

$242.88

1970

One

1.25

$444

109

Horizons IV

147

$185,000

$185,000

736

$251.36

1971

One

1

$444

29

Bigwood

84

$199,000

$199,000

1044

$190.61

1972

One/Loft

2

$505

72

Crestview

19

$199,999

$199,999

796

$251.26

1979

One

2

$395

28

Sunrise

22

$215,000

$201,500

832

$242.19

1980

One

1

$460

214

Westin Monache

215

$219,000

$205,000

463

$442.76

2007

Studio

1

$728

230

Sierra Pk Villa

42

$225,000

$209,000

868

$240.78

1970

One/Loft

2

$391

98

Sunrise

50

$210,000

$210,000

832

$252.40

1980

One

1

$460

24

Horizons IV

148

$224,000

$215,000

960

$223.96

1972

One/Loft

1.75

$483

79

Nordica

20

$219,000

$219,000

640

$342.19

1963

Studio/Loft

1

$235

123

Sierra Pk Villa

34

$229,000

$229,000

968

$236.57

1971

One/Loft

1.5

$403

86

Sherwin Villas

49

$229,000

$229,000

1035

$221.26

1972

Two/Loft

2

$539

72

Hidden Valley

128

$229,000

$229,000

651

$351.77

1981

Studio/Loft

2

$464

39

Timberline

18

$229,900

$229,900

1099

$209.19

1972

Two

2

$465

47

Bigwood

63

$259,000

$254,000

1044

$243.30

1972

Two

2

$505

92

Bigwood

48

$258,000

$258,000

1043

$247.36

1972

One/Loft

2

$504

87

Viewpoint

143

$258,900

$258,900

726

$356.61

1974

One

1

$440

46

Juniper Sps Ldg

423

$259,000

$259,000

560

$462.50

1999

One

1

$635

47

Juniper Sps Ldg

432

$269,000

$269,000

560

$480.36

2000

One

1

$635

258

Snowcreek I

33

$289,000

$269,000

855

$314.62

1972

One

1

$437

188

St. Moritz

46

$275,000

$275,000

1147

$239.76

1972

One/Loft

1.5

$542

41

Snowcreek III

444

$285,000

$285,000

1000

$285.00

1982

One/Loft

2

$437

13

La Vista Blanc

26

$325,000

$289,900

1351

$214.58

1975

Three/Loft

2

$450

418

Summit I

275

$295,000

$295,000

947

$311.51

1975

One/Loft

2

$466

19

Mmth Fireside

101

$299,000

$299,000

645

$463.57

1969

One

1

$400

68

Woodlands

44

$320,000

$310,000

1221

$253.89

1981

Two

1.75

$587

229

Mmth Ski and Racq

J90

$329,900

$310,000

1261

$245.84

1974

Two/Loft

2.5

$721

128

St. Moritz

59

$319,000

$319,000

1147

$278.12

1972

One/Loft

1.75

$542

73

Woodlands

27

$314,900

$319,900

1152

$277.69

1982

Two

2

$545

125

Tosca

#5

$335,000

$324,500

1100

$295.00

2005

One/Loft

1.75

$324

48

St. Moritz

20

$334,900

$334,900

1410

$237.52

1972

Two/Loft

2

$576

109

Mountainback

14

$335,000

$335,000

1287

$260.30

1982

Two

2

$553

38

Lkview Villas

20

$339,000

$339,000

1400

$242.14

1971

Three

2

$475

74

Meadowridge

43

$399,000

$339,000

1181

$287.04

1982

Two

2

$731

195

Mmth Ski and Racq

N-125

$339,000

$339,000

1244

$272.51

1973

Two

2

$674

25

Solstice

#2/Door #4

$349,000

$349,000

1160

$300.86

2004

Two

2

$900

73

Solstice

Door 2

$355,000

$355,000

1144

$310.31

2006

Two

2

$918

136

Woodlands

3

$365,000

$365,000

1341

$272.18

1981

Two/Loft

2

$587

25

Juniper Sps Ldg

334

$379,900

$367,900

869

$423.36

1999

Two

2

$718

199

Mountainback

57

$369,000

$369,000

1325

$278.49

1981

Two

2

$553

45

Snowcreek II

277

$429,000

$389,900

1356

$287.54

1980

Two/Loft

2

$417

420

Snowcreek IV

588

$410,000

$410,000

1475

$277.97

1986

Two/Loft

2

$575

36

Sunstone

109

$429,000

$429,000

813

$527.68

2000

Two

2

$736

25

Westin Monache

530

$550,000

$497,000

1025

$484.88

2007

Two

2

$875

80

Snowcreek V

957

$499,000

$499,000

1395

$357.71

1999

Two

2

$659

181

Grnd Sierra Ldg

1509

$519,000

$505,900

1041

$485.98

2004

Two

2

$767

144

Joaquin Estates

A

$540,000

$540,000

1944

$277.78

2005

Three

3

$375

65

Westin Monache

346

$599,000

$574,000

1018

$563.85

2007

Two

2

$850

158

Val D Isere

26

$579,000

$579,000

1589

$364.38

1972

Three

2

$475

38

Solstice

23

$595,000

$595,000

1730

$343.93

2006

Three/Loft

2

$1,010

173

Snowcreek V

967

$617,000

$617,000

1457

$423.47

1999

Three

3

$681

32

Snowcreek II

#222

$635,000

$635,000

1837

$345.67

1980

Three/Loft

3

$458

24

Red Slate

1

$695,000

$639,900

2020

$316.78

2005

Four

3

$435

258

Eagle Run

202

$969,900

$695,000

1133

$613.42

2002

Two

2

$972

607

Westin Monache

511

$714,900

$695,000

1053

$660.02

2007

Two

2

$850

162

Sierra Megeve

24

$699,000

$699,000

1550

$450.97

1982

Three

3

$850

11


There has been recent talk around town of extensive development (proposed) for the entire Town of Mammoth Lakes.  There is also a detailed Power Point presentation showing several renderings and detailed plans ranging from the Main Lodge to Main Street in Town.  This Power Point presentation can be viewed by clicking here.  It will take a few minutes to download as it is a very large file, but worth the patience to view it.  In addition, an article was published in the Mammoth Times (or was scheduled to be published) last month in August discussing the $750,000,000 loan to improve the resort town of Mammoth Lakes.  It’s hard to say if these extensive improvements (all of them) will actually take place in the years to come.  The Village at Mammoth was a huge success, which gave the Town of Mammoth a resort feel with much needed additional lodging, mountain access, shopping and dining choices.  There is no question that the rest of the town could use a bit of a facelift with regards to the infrastructure and resort amenities on and off the mountain.  I personally view these improvements as a positive, although some people feel that it will make Mammoth even more crowded.  It is true that enhancements to Mammoth might attract more people, but at the same time might make the Mammoth experience much more enjoyable with additional centers for activities, and various additional local establishments to disburse the crowds a bit.  I think that with or without the slated development, people will continue to come to Mammoth and our tourism numbers will no doubt continue to grow each year.    
 
Thank you for reading. 

Verena Robinson, Broker/Owner
Mammoth Lakes Resort Realty
Direct (760) 924-8521
verena@mammothlakesresortrealty.com

Post a Comment

From our Blog

Sign up to receive weekly real estate market updates, market trends, featured properties, and new listings.
SIGN UP NOW

Popular Searches

Testimonials

Why work with Verena Robinson & Mammoth Lakes Resort Realty?

CLICK HERE

Latest Blog Posts

News, tips and information on the Mammoth Lakes Real Estate Market.

View All Posts

Market Snapshot

Pricing trends, average days on market, and more, updated every day.

View All Stats

Condo Buying Guide

Interested in purchasing a condo in the Mammoth Lakes area? We're here to help.

Read More