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Click Below for a Detailed List of Upcoming Events...
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Access My Website From Your Phone!
My website is mobile-friendly! You can search the entire MLS from the your smart-phone. Other tools on my website include a buyer's and seller's roadmap, searchable area map of Mammoth Lakes and Bishop, and much more! Visit my website today to start using these features.
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The nicest compliment is a referral. Who do you know is considering buying or selling?
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New Listing!
2 bed/2bath condo located on the 4th fairway of Sierra Star Golf Course. Walk or shuttle to Eagle Lodge.
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Everything is New!
Walk to Canyon Lodge in this totally remodeled 3 bed w/loft, 4 bath huge end unit that is stylishly appointed in a contemporary style.
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Exquisitely Remodeled!
4 bed/3bath 1849 II unit with spectacular views of the Sherwin mountain range. Experience European grandeur in Mammoth!
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Contact Nancy Davidson for All Your Real Estate Needs! For more information or to schedule a showing visit
www.MammothCountry.com
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"My daughter decided to buy a house in Mammoth and my old real estate agent, Greta Dickson,highly recommended Nancy Davidson. I was not disappointed. Nancy showed us the houses we were interested in and got us the house we wanted for a lot cheaper than the listed price. She was an angel taking care of the paper work and the inspection. I would recommend her to anyone buying or selling a house in Mammoth."
-Julie Macks
Oak Park, CA
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It's Official!!
Mammoth Mountain has a New Owner!!!!
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Source: Ski Magazine
Is More, in Fact, More? Aspen Owners and KSL Close a $1.5 Billion Deal.
The Crown family, owners of Aspen resorts, and KSL Capital Partners officially finalize the blockbuster acquisition of Intrawest Resorts and Mammoth Resorts.
Read the full story
The market is picking up and real estate is starting to move. Time to get up here and look for your future home away from home! Contact me for a complete list of available properties.
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Why Taking The Highest Offer Isn't Always Prudent
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Source: CNBC
Sales and prices are moving so quickly that appraisals are not keeping up. If the appraisal doesn't match the contract price, the buyer doesn't get the mortgage, and the deal dies.
The national median price of a home sold in June hit $263,800, a record, according to the National Association of Realtors. In addition, the average number of days a listing took to go under contract fell to just 28, down from 34 a year ago.
"Anytime prices move up fast, the actual appraisal process, because they're looking back in history, not forward into the future, they are lagging behind," said Lawrence Yun, chief economist at the Realtors group. "From the buyer's perspective, it's a tough situation where they want to rely on the value of the home, on the appraisal, yet they know that if they decide to back away there are other buyers waiting to pounce."
Lenders are now far more careful with appraisals than they were during the last housing boom. In turn, appraisers are being very cautious with the current price run-up.
That history gives today's cash buyers, many of whom are investors flipping homes for a quick profit, a major advantage over mortgage-dependent buyers. Once again, they're pushing prices higher artificially, but this time they are doing it without the banks.
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Consumers Grow More Confident In Future Of Economy
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Source: Housing Wire
Consumers’ assessment of their current conditions remained at a 16-year high even as their confidence in the future edged higher, according to the Consumer Confidence Survey conducted by The Conference Board by Nielsen, a provider of information and analytics around what consumers buy and watch.
The Consumer Confidence Index increased to 121.1 in July up from 117.3 in June. The Present Situation Index increased from 143.9 last month to 147.8 in July and the Expectations Index increased to 103.3, up from 99.6 last month.
In 1985, the index was set to 100, representing the index's benchmark. This value is adjusted monthly based on results of a household survey of consumers' opinions on current conditions and future economic expectations. Opinions on current conditions make up 40 percent of the index, while expectations of future conditions make up 60 percent.
Consumers’ assessment of their current conditions improved in July as those saying business conditions are good increased from 30.6 percent to 33.3 percent. Those who said business conditions are bad remained unchanged at 13.5 percent. Consumers also held a more favorable view of the labor market, as those saying jobs are plentiful increased from 32 percent to 34.1 percent while those saying jobs are hard to get decreased from 18.4 percent to 18 percent.
Read the full story
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