Properties in the Spotlight
As of today, June 1, 2015, there are a total of 181 condos, 63 homes and 51 vacant land listings on the market in the Mammoth Lakes area. Inventory is slowly increasing as we approach the summer season, which officially kicked off on Memorial Day weekend. Mammoth Mountain ski area is officially closed for the season, but the Sierra Star golf course is now in full swing. The real estate market seems to be picking up with increased interest and inquiries regarding homes and condos on the market. However, the number of properties currently in escrow remains low: Only 38 for all categories combined in the Mammoth Lakes area. As we approach the 4th of July, pending sales and inventory typically tend to increase and with August being one of the busiest months of the year for real estate sales in Mammoth Lakes. Interest rates remain competitive and quite low even for a second home/vacation home property at approximately 3.75% for a 30-year fixed mortgage and 5/1 adjustable rate mortgage at approximately 2.89% annual percentage rate.
Over the past 2 weeks, there have been 49 new listings, 37 price reductions and 14 closed sales (including surrounding areas for all property categories). Below are the Properties in the Spotlight for new inventory in Mammoth for the week of June 1, 2015.
Courchevel #18: 2 & loft, 2-bath, 1-car garage listed for $389,000. This remodeled town house in the Courchevel condos complex, close to the base of Canyon Lodge, features 2 bedrooms and a loft, 2 baths and a 1-car private garage, with 1,175 square feet. Upgrades include: Granite counters, tile flooring, new stainless steel appliances and cabinetry in kitchen, new bath vanities with slab granite, plumbing fixtures, lighting and attractive furnishings. This condo is being sold fully-furnished and monthly HOA dues are $720/month. The Courchevel condos complex is very well-maintained and has recently undergone some improvements to the common area swimming pool and exterior of buildings.
Snowflower #22: 2 & loft, 3-bath with off-street parking listed for $395,000. This spacious townhome is located in the meadow area across from the Snowcreek meadow preserve. Enjoy great views of Mammoth Mountain ski area, upgraded flooring and carpet, new paint, window coverings, new kitchen appliances, water heater and toilets, ample storage, and two master suites. The Snowflower condos complex is extremely well-maintained and beautifully landscaped in the summer months, and offers great resort amenities such as tennis court, swimming pool, spas and sauna. The common area monthly dues are relatively low considering the great management and landscaping at only $430/month. Interior square footage is approximately 1,269 and the complex was built in 1982. There is a free shuttle stop steps from the front door. This condo is being sold fully-furnished and is worth seeing.
805 Fairway Circle (Snowcreek V #805): 3-bedroom, 3-bath with attached 1-car garage listed for$649,500. Great location in the Snowcreek V development and rarely available Ridgeview floor plan on the exterior/perimeter of the complex backing to USFS land. Enjoy unobstructed Southeast views of the Sherwins and White Mountains, along with spectacular westerly views of Mammoth Mountain from the front deck. This bright and sunny spacious end unit townhome features 1,674 square feet of living space, 3 bedrooms and 3 baths with a private and attached 1-car garage. Some of the many features include forced air heating, skylights, large master suite on second level with walk-in closet, laundry room and ample storage. This property is being sold fully-furnished. Monthly dues are $556/month and include: Water, trash, sewer, landscaping, snow removal, insurance for the structures, common area upkeep and maintenance and common area utilities.
245 Pine Street, The Bluffs: 4-bedroom, 4.5-baths and attached 2-car garage in the Bluffs neighborhood listed for $2,197,000. Offering 3,774 square feet of interior living space on a 20,038 square foot lot, this custom luxury home in the Bluffs features incredible views of Mammoth Mountain ski area and surrounding mountains. This luxury home has a large gourmet kitchen with stainless steel appliances, vaulted wood ceilings, several picture-frame windows to capture the views from every room, security system, two master suites, a great room, large family/game room, and Jacuzzi on deck. This home is being sold fully-furnished.
360 Le Verne Street, The Bluffs: 5-bedroom, 4.5 baths, attached 3-car garage listed for $2,499,000. Enjoy some of best views of Mammoth Rock from this custom luxury home in the Bluffs. Featuring 4,892 square feet of interior living space on a 17,860 square foot lot, some of the many features include a butler's pantry, library/office, loft area, south-facing exposure, custom woodwork throughout, stunning hardwood floors, high end double appliances in kitchen, slab granite counters, custom window coverings, massive rock fireplace in the great room, and so much more. This property seems very reasonably priced considering the size, location, views, orientation and quality of construction and interior finish work.
For questions or to schedule a showing appointment, feel free to contact me directly anytime.
Thanks for reading.
Verena Robinson, Broker & Owner
Mammoth Lakes Resort Realty