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Spring skiing is now transitioning into summer fun. The Mountain will be open for skiing until June 5th!! Be sure to check here for great deals and packages.
My favorite time is the summer, love being outdoors and attending all of the festivities that are offered in town. Check out some of the upcoming fun at www.VisitMammoth.com. Also don’t forget MULE DAYS in Bishop over the Memorial Weekend Holiday. It’s a great time to kick off the season. Bring your fishing pole and mountain bike!!!
I actually went on an ADVENTURE myself. River Rafting down the Colorado River in the Grand Canyon for a week! It was a once in a lifetime trip. Here are some photos and I highly recommend it!!
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I HAVE MY 2 NEW LISTINGS in ESCROW, AND HAVE JUST LISTED A ONE BEDROOM AT THE WESTIN TODAY WITH FABULOUS VIEWS PLUS NEWLY RENOVATED. (SEE LINK BELOW) I DO ANTICIPATE GETTING A FEW MORE SOON, BUT WE STILL NEED MORE LISTINGS!!
The market here in Mammoth Lakes continues to be very active. As of today we are up to 51 Condos on the market!!!. We are slowly bouncing back but still have a high demand for purchasing vacation properties. WE do have the rise in loan interest rates which is also affecting the market, I believe I see a correction coming upon us, more inventory plus higher rates so I think we are on the road to stabilizing SO, it is a great time to sell a home if it is something you have been considering. Mammoth Owners, if you would like a current market evaluation on your property value just send an email or call, I’m here for you!
Please stop by our office in the Village and say HI, you are always welcome!
Best Wishes,
Nancy Davidson
Mammoth Village Properties
Cell: (760) 937-2301
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The nicest compliment is a referral. Who do you know that is considering buying or selling? |
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 road map, searchable area map of Mammoth Lakes and Bishop, and much more! Visit my website today to start using these features.
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Westin Monache
1 Bedroom | 1 Bath
$615,000
Remarkable views from this newly renovated one bedroom/one bath, 6th floor condo at the Westin Monache. It comes totally furnished, turn key and ready to rent. Located adjacent to the Village at Mammoth with easy access to restaurants, shopping, entertainment and the Gondola that serves Canyon Lodge for skiing at Mammoth Mountain.
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2 Bedroom | 2 Bath
$1,029,000
Fabulous view from this TOP floor unit at Grand Sierra Lodge! Views of the Village Stroll and the Sherwins. This is an extra large 2 bedroom at 1,041 square feet and with upgraded carpet and some upgraded furnishings. Underground parking, ski lockers, fitness room, pool and spa are just some of the amenities at the Village Lodge.
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3 Bedroom | 3 Bath | .7 acres
$879,000
Enjoy the country life in the Eastern Sierra! Incredible, unobstructed view of Mt. Tom from this 3 bedroom/3 bath home on .7 acres in the
fabulous 40 Acres neighborhood in Round Valley. The main house has 2 bedrooms and 2 bathrooms with an attached mother-in-law unit/ADU with it's own kitchen, bathroom and a pellet stove plus a wood stove for heating. It would make a perfect rental.
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Limelight Has Town Approval! |
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Source: TownofMammothLakes.gov
The Limelight Hotel Development Project was approved by the Planning and Economic Development Commission on May 11, 2022. This approval is subject to a 15-day appeal period which will end on May 26th.
An Appeal of the Limelight Hotel Project approval was received on Wednesday, May 18, 2022. The appeal process requires a re-noticed Public Hearing before the Town Council.
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When Your Second Home
is Your First Home
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Source: NY Times
A growing number of first-time buyers are purchasing a second home while renting their main residence. Industry observers say a combination of rising home prices and work-from-home flexibility has prompted some hopeful homeowners to skip owning a primary home and go straight to buying a second home in a more affordable location.
Vacation home purchases in general boomed during the pandemic. In 2020, loan applications for vacation homes were up 30 percent from 2019, according to the most recently available data from the Home Mortgage Disclosure Act.
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For more information on all things MAMMOTH:
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2022 Mammoth Mountain Pond Skim |
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Video Source: Mammoth Mountain
End of the season Pond Skim at Canyon Lodge on April 17, 2022.
50 contestants, in costumes, try and ski/snowboard across a frigid pond of water after coming down the mountain while being pelted with snowballs.
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Winter's Second Wind: Mammoth Mountain Resort Extends Ski Season Into June |
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Source: LA Times
A series of late snowstorms has extended the ski and snowboard season at Mammoth Mountain, pushing the closure date into the month of June, but weather forecasts show that the region will be in for a major warm-up in the next few weeks.
At least 3 feet of snow fell on the Eastern Sierra resort in April and May. There is now no official closure date for the resort, providing the conditions remain ideal for the snow to stay on the ground.
“Let’s keep this party going! We’re having too much fun out on the snow and decided to extend the season into June,” Mammoth Mountain said Monday on Facebook. “We will be open daily for skiing and riding until at least June 5th.”
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Home Features That May Boost Sales Price |
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Source: Anji
Some unusual or uncommon home features are not only attracting buyers but also encouraging them to pay more for those features. In a study for Angi, formerly Angie’s List, researchers combed through sold listings to identify common or trending home features and determine whether a price premium could be attached to some amenities.
In the kitchen, buyers may appreciate a pot filler faucet over the cooktop. Angi researchers said that feature alone could lead to a 3.2% price premium. Other home features that could make a big difference: pendant lighting (2.66% price premium); under-cabinet lighting (2.48%); double-sink vanity (2.35%); barn door (2.32%); butcher block (2.26%); quartz countertops (2.26%); and oversized windows (2.23%).
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Mammoth Lakes
Market Reports
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Current Mortgage Rates for
MONO COUNTY, CA
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5% Mortgage Rates
on the Horizon
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Source: Market Watch
Mortgage rates have been rising quickly over the past month. A year ago, the 30-year fixed-rate mortgage was 3.18%. Last week, it averaged 4.67%, according to Freddie Mac. Mortgage rates surged more than 90 basis points in March alone. And 5% mortgage rates may be here sooner than many housing analysts had originally predicted.
Several leading housing economists believe 30-year fixed rates may hit 5% within the next month, while others believe that landmark will come later this year. Lawrence Yun, chief economist of the National Association of REALTORS®, says he believes the higher mortgage rates will cool the market somewhat in the coming months.
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Demand for
Adjustable-Rate Mortgages Doubles as Rates Rise
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Source: CNBC
As mortgage rates moved even higher last week, potential homebuyers are now turning more to adjustable-rate mortgages (ARM), which offer lower interest rates. The average rate on a 5-year ARM was 4.28% last week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 5.37% from 5.20%.
The share of ARM applications last week was over 9% by loan count and 17% based on dollar volume. At 9%, the ARM share was double what it was three months ago, which also coincides with the 1.5 percentage point increase in the 30-year fixed rate. ARMs can be fixed for terms like five, seven or 10 years, but they do adjust once the term is up to the current market rate, so they are considered slightly riskier than a 30-year fixed.
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"When we decided to buy a condo in Mammoth, we asked around about realtors, and Nancy was highly recommended. We had fairly specific things we were looking for, and Nancy was great. We ended up deciding we wanted a condo that was a short sale, and 11 months later, we got it – but only because Nancy would not give up. She truly gave us 110% in making the deal happen. What was also impressive was the fact that our 1bed/1bath condo was probably one of the lowest priced condos on the market at the time, yet Nancy worked as if it was a million dollar property. We never felt pressured, and always felt that Nancy kept our best interests a priority. I would not hesitate to recommend Nancy to a family member or friend."
-Jim and Debbie S.
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“My relationship with Nancy from the very start when I walked into her office has always been professional and friendly. She is very informed about the Mammoth Lakes area and advised me with the most current information with a great knowledge of the potential of various properties. Nancy has been very professional with keeping me up to date on the market conditions which I have been greatly appreciated. I would look forward to working with Nancy again.”
-Robert T.
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Current Weather Conditions and Webcams |
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