Mammoth Lakes CA Real Estate Blog

Mammoth Mountain Real Estate

Snow Summit Ski AreaMammoth Mountain announced earlier this month that it acquired Big Bear Mountain Resorts for $38 Million.  The Mammoth Mountain real estate acquisition includes: Snow Summit, Bear Mountain, the parking lots, golf course and driving range on over 140 acres.  With this purchase, Mammoth Mountain announced the creation of the “Cali4nia Pass”, which includes access to all four areas owned by the ski operator: Mammoth Mountain, June Mountain, Snow Summit and Bear Mountain.  This multi-mountain structure is similar, but on a much smaller scale, to Vail Resort’s “Epic Pass”, which recently acquired Park City, Utah for $183 Million. 

Mammoth Mountain ski areaSince Starwood Capital Group LLC purchased Mammoth Mountain ski area in October 2005 for $365 Million, the Mountain has gone through major upgrades including: Several high-speed lifts, renovations and enhanced dining options at Canyon, Main, and McCoy on-mountain stations, and plans to add a permanent lodge to the Eagle Express area – home of the future “Eagle Lodge”. 

Back in 2005, Starwood stated that they didn’t have long term plans to own the ski area and operations, and they would most likely sell in seven years.  Nine years later, the question becomes, what is Mammoth Mountain really worth?  Certainly not $365 Million….  Many were surprised to hear of Mammoth’s acquisition of Big Bear...

Mammoth Real Estate | Bank-Owned Properties on the Market

Mammoth Real Estate  | Active Bank-Owned Properties on the Market

As of September 21, 2014, Mammoth Real Estate has a total of 6 REOs (bank-owned properties) listed for sale in Mammoth Lakes.  To view current bank-owned properties in Mono County that aren't yet listed for sale, click on this RealtyTrac link.  Although there is a substantial amount of bank-owned properties, which aren’t on the market yet, the banks are holding onto their inventory of REOs and releasing them for sale a few at a time.  As the market continues to show signs of improvement and a steady increase in property values, the trickle of REOs/bank-owned properties will continue to appear. 

Aspen Creek #308 REO $224,900Aspen Creek #308 REO | $224,900.  This bank-owned condo at the Aspen Creek condos complex is located adjacent to the Juniper Springs Lodge Resort in the building closest to the ski slopes.  Aspen Creek #308 is a 1-Bedroom & loft, 1.25-bath condo, with 1,079 square feet, and assigned underground parking for 2 cars.  The unit has some upgrades, such as slate tile floors in entry, kitchen and deck, closet built-ins in loft closet.  This unit is in great condition, and with 95 days on market, can be a great buy for someone looking to be at or next to the ski slopes in this price range.  This listing has been reduced in...


Why Use

Stonegate Luxury Townhome RentalsWhy use (Vacation Rentals by Owner) as a renter or a property owner?   The answer is quite simple: The variety of choices, user-friendly searches with large photos and descriptions, along with increased revenue potential for property owners is making this "do it yourself" vacation rental portal a more attractive option for both renters and property owners alike.

The Lodges Luxury Townhome RentalsIt appears that renters like the format that the system offers.  It’s sort of a “catch all” for a variety of different properties in all areas, shapes, sizes, and price ranges.  People tend to be visual creatures, and like browsing through the wide variety of property choices displayed with the easy to use format on (property list results with large photo on the left, clear marketing title of the property, and price range).   

Juniper Crest Luxury Townhome RentalsThe growing popularity of is becoming somewhat of the “Google” for vacation rentals.  I’m finding that more and more clients, who are looking to buy property in Mammoth, tend to use VRBO to find a...

Building a Home in Mammoth Lakes

MOUNTAIN SCENERY SURROUNDING MAMMOTH LAKESWith a recent noticeable increase in list prices for properties for sale in Mammoth Lakes, the idea of building a home may soon become more of an emerging trend for buyers.  As summer officially wraps up after this Labor Day weekend, we begin to shift into fall, fall colors and thoughts of snow falling in the coming months, the holidays and winter sports.  We were lucky to experience some beautiful weather over the summer, and as a result, an increase in tourism over last summer.  Mammoth Lakes and the surrounding area, offer some of the most scenic and picturesque landscape in the Eastern Sierra.  Year over year, there are more hikers, golfers, mountain-bikers, fishermen, and outdoor enthusiasts frequenting the area.  Our summer seasons are attracting more visitors and prospective buyers who enjoy the mountain lifestyle and outdoor recreational opportunities. 

VISTAS OF SNOWCREEK GOLF COURSEThe Town of Mammoth Lakes is only 4 square miles.  That’s a very small piece of this vast mountainous area.  It appears that the popularity of Mammoth Lakes continues to grow as we now have a total of 9,625 full time residents, which represents a 20.10% increase since the year 2000.  The median home cost in Mammoth Lakes is $329,500, and during the past year, we saw an overall price appreciation in property values...

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