Is everyone ready for Bluesapalooza? I’d have to say it’s the largest summer festival in Mammoth bringing in over 6,000 visitors to celebrate BEER & BLUES! Be sure to check out the rest of the summer activities at Visit Mammoth while you are in town. Upcoming weekend activities in the Village are the Wine Walk, Margarita Festival, Mammoth Rocks and Rock N Rye. Visit here for additional things to do this summer in Mammoth Lakes. Come up and enjoy! Don’t miss out on these fun events!! In addition, there is hiking, biking, fishing, boating and many other activities. Have you ever been on a horse ride into the back country?
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.
Both of my new listings have sold but I’m working on a couple of others that will be coming 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 73 Condos on the market!!!. We are bouncing back but still have a high demand for purchasing vacation properties. 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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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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Winter in Mammoth is Great, But Summer is When it Shines |
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Source: Los Angeles Times
Winter is what made Mammoth famous, and it still makes the Mammoth Mountain resort a big chunk of its money, thanks to the hundreds of thousands of travelers who head that way from L.A. with snowboards and skis. But summer actually brings more visitors to this part of Mono County — hikers, anglers, birders, mountain bikers and multisport families like the Mayers.
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For more information on all things MAMMOTH:
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Video Source: Mammoth Festival of Beers and Bluesapalooza |
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Mammoth Festival of Beers
& Bluesapalooza
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Photo: VisitMammoth.com
With over 85+ craft breweries/cideries pouring beers and ciders from around the country, the annual Mammoth Festival of Beers & Bluesapalooza is the best craft beer and music festival in the West! The four-day event features more than 20 bands on two stages performing blues, rock, R&B and soul. This is Mammoth’s biggest party of the summer and will once again be held at The Woods at Mammoth Lakes.
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What's Next for the
US Housing Market
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Source: CNN Business
So far this year, the real estate market has not been going the way many prospective homebuyers had hoped. Home prices -- already at all-time highs -- have continued to climb and mortgage rates have risen much faster than expected.
While some buyers have forged ahead, others have put their home search on hold or have given up entirely because the rising costs have put ownership out of reach.
But as recession fears for the larger economy loom, the housing market is showing signs of slowing. Sales of new construction homes are down and construction is stalling. Sales of existing homes have dropped and are trending below 2019 levels. As mortgage rates remain above 5%, applications have fallen to their lowest level in 22 years.
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Mammoth Lakes
Market Reports
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Current Mortgage Rates for
MONO COUNTY, CA
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What Fed Rate Increases Mean for Mortgages |
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Source: New York Times
The U.S. Federal Reserve said this week it will raise rates by another 75 basis points to tame soaring inflation. Here’s what it means for mortgage rates. Rates on 30-year fixed mortgages don’t move in tandem with the Fed’s benchmark rate, but instead track the yield on 10-year Treasury bonds, which are influenced by a variety of factors, including expectations around inflation, the Fed’s actions and how investors react to all of it.
Other home loans are more closely tethered to the Fed’s move. Home equity lines of credit and adjustable-rate mortgages — which each carry variable interest rates — generally rise within two billing cycles after a change in the Fed’s rates.
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"We were searching online for properties in the area and found Nancy. She showed us homes that met our needs and price point and also gave us a tour of the surrounding area. We found the perfect home for us and are now enjoying it and consider Nancy a good friend."
-Bill and Susan P.
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“Nancy was always available to answer any questions and was very thorough in keeping everything on track. We felt very comfortable working with her and felt assured that she had our best interests in mind.”
-Karen S.
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Current Weather Conditions and Webcams |
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