For many, Labor Day signifies the official end of summer. But that does not mean all of the fun stops here in Mammoth. Mammoth Lakes is the perfect place to spend your final days soaking up all things summer. Click here to find out all of the Labor Day events happening this weekend.
Also, don't miss the annual Tri-County Fair in Bishop which hosts more than 25,000 visitors each year and is guaranteed to be the BEST FOUR DAYS OF SUMMER.
Be sure to plan your trip to enjoy the Fall Colors. It is a sight to see! Check out the article below…
Have you seen the progress? The Limelight Hotel has broken ground and they have excavated the lot which is located on Canyon right below the Westin. This will be a welcome addition for higher end accommodations. Their sister hotels are in Aspen, Sun Valley and Snowmass. Read the article below.
We have closed a couple more properties in town… BUT WE STILL NEED MORE LISTINGS!! Check out my new listing in Round Valley, great neighborhood! (my street, haha!) Also the La Quinta home is in a wonderful community if you are 55+… photographer is going out this weekend if you would like more photos or have an interest.
The market here in Mammoth Lakes continues to be very active. As of today we are at 64 Condos on the market!!!. It seems that we are leveling off and the market is becoming more stable with the days on market (DOM) lower if the properties are priced right. We still have a high demand for purchasing vacation properties. The rise in loan interest rates is also affecting the market but according to my mortgage lenders the interest rate should be stabilizing around 5%, so we should believe a correction is coming upon us. More inventory plus stable rates are helping the Mammoth market SO, it is still 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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JUST LISTED!!
3+ Loft Bedrooms | 2.5 Bath
$879,000
Super-efficient newer home in 40 Acres! This Lindal Cedar home was built in 2007 and has an over-sized detached 2 car garage plus a garden shed. The lot is .85 acres and has 2 streams and a fenced yard with native landscaping. Enjoy the lovely setting in Round Valley right below Mt Tom and the beautiful views from this highly sought-after neighborhood.
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PALM SPRINGS AREA
FEATURED PROPERTY
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4 Bedrooms | 3.5 Baths
$689,000
Spacious home located in Trilogy La Quinta, a 55+ gated community. This is a 4 bedroom, 3.5 bath home (3 bed/2.5 baths plus a 1 bed/1bath casita) and is one of the larger floorplans in this area, located on a quiet cul-de-sac. It has been meticulously maintained and has newer carpet and blinds. Home comes unfurnished but does include the refrigerator and washer/dryer. Come and enjoy all of the activities and amenities that Trilogy has to offer.
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Limelight Hotel Mammoth
& Residences
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Situated at the intersection of Canyon Blvd. and Lake Mary Road, the new Limelight Hotel Mammoth & Residences will feature 151 hotel rooms and 15 luxury residences, as well as a restaurant and lounge, all of it within easy walking distance of the slopes at Mammoth Mountain. The hotel’s stylish design will simultaneously embrace and celebrate the beautiful natural surroundings of the Sierras, all while providing the comforts of home travelers have come to expect from the Limelight Hotels.
Substantial site work will occur in the summer and fall of 2022 kicking off in early June with tree removal and earth work. Construction will continue in 2023 and 2024.
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Source: Tricountyfair.com
Labor Day Weekend, the fair rolls into the small town of Bishop, CA. Butler Amusements has been providing the Carnival Midway for the Tri-County Fair for over 15 years. They provide a wide variety of major, family and kid-friendly rides, fun Midway games and a clean and professional presentation for our guests. Come out and enjoy the thrills and fun of the midway at the Tri-County Fair!
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For more information on all things MAMMOTH:
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Source: Mono County Tourism
A journey to Mono County will take you to a California you didn’t even imagine existed. A land of lava and ice, sparkling clear waters and pastel desert. Discover rock formations from another world, the planet’s oldest living trees, and ghost towns of the Gold Rush. You’ll also find genuine local hospitality, like a welcome from another era. It takes a bit of traveling to get here, but that’s the way we like it. Because once you’re out here, you’ll start to remember what beauty looks like, and the healing power of nature. Welcome to California’s Great Beyond.
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Mortgage Rates Settle In
the 5% Range
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Source: Realtor Magazine
Mortgage rates appear to be settling in the 5% range after recent dramatic climbs that shocked home buyers. The 30-year fixed-rate mortgage averaged 5.13% this week, down slightly from its 5.22% average a week ago, Freddie Mac reports.
Mortgage rates peaked at 6% in early June, which prompted a pullback in housing demand. However, “home sales may soon stabilize since mortgage rates have fallen to near 5%, thereby giving an additional boost of purchasing power to home buyers,” says Lawrence Yun, chief economist for the National Association of REALTORS®.
Inflation appears to have peaked, which has stopped the rapid increase in mortgage rates, says Sam Khater, Freddie Mac’s chief economist. “The market continues to absorb the cumulative impact of the large price and rate increases that led to a plunge in affordability,” Khater says. “As a result, over the rest of the year, purchase demand likely will continue to drag, supply will modestly increase and home price growth will decelerate.”
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Mammoth Lakes
Market Reports
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Current Mortgage Rates for
MONO COUNTY, CA
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House Features Important to
Homeowners in 2022
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Source: FIXr
Prior to the pandemic, homeowners valued pools and smart features, but now they value usable outdoor space, home offices and better
natural light. With people spending more time at home, 92% of home experts believe that having a usable outdoor area is either a ‘very important’ or an ‘important’ feature for homeowners.
Sixty percent of experts say homeowners consider natural light as a ‘very important’ feature, while 38% believe it to be ‘important’ for homeowners. Additionally, investing in better thermal insulation and an energy efficient HVAC system follow closely in terms of priorities.
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Eastern Sierra Fall Color Map |
Before you know it fall when be upon us. Mono County and the surrounding Eastern Sierra provide the best show of glowing golden-orange-crimson fall colors in the western United States. To help you discover the best places for viewing get a free copy of the Fall Color Map on the Mono County Website. It guides you to the fall color locations along Highway 395, Yosemite, and around South Lake Tahoe.
Sources: MonoCounty.com and BishopVisitor.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 M.
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“I decided to sell my house in 40 Acres, Round Valley, in June 2013. I hired my good neighbor, Nancy Davidson, as my agent. We received 5 offers around the July 4th weekend. We accepted the highest offer and even got $1000 more than the asking price. The escrow closed on August 9th, just 2 months after it was put on the market. Nancy’s knowledge is impeccable, and her connections with people in the Eastern Sierra are vast. I was very satisfied with her professionalism, and ended as a very satisfied seller. She is highly recommended!"
-Robert B.
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