Properties in the Spotlight – This Week’s Recommendations
As of today, February 24, 2015, there are a total of 151 condos, 50 homes, and 47 vacant land listings on the market in Mammoth Lakes. During the past week, there were a total of 12 price reductions, several extended listings and a couple of “back on markets”: A Grand Sierra Lodge 2-bedroom condo listed for $449,000 on the 2nd floor, and a Westin studio unit on the 6th floor (with south-facing views overlooking the pool and mountains) listed for $249,000. Clearly, the lack of snow this ski season has been somewhat of a disappointment for many people, including visitors, prospective buyers and sellers. The visible increase in new listings and price reductions over the past couple of weeks definitely shows some motivation from sellers who have decided to list or reduce their asking prices sooner than the typical spring time period after Canyon and Eagle lodges close for the season.
With that said, interest continues to remain very high in Mammoth Lakes real estate. Buyers are still actively looking at properties online, making inquiries and scheduling showing appointments. Even though we’ve been through a few drought years, there is still some snow to ski on and it doesn’t change how beautiful this area is and all of the wonderful recreational opportunities it provides. Everything cycles in life, including the weather. This drought cycle will come to an end and it will snow heavily in Mammoth Lakes again. So, we all just have to wait it out and in the meantime, enjoy the beautiful weather! Check out the ...