Merry Christmas & Happy Hanukkah From Lauren Tracy at Properties Of Mammoth!

High Spirits abound in Mammoth this year as Old Man Winter is stirring!  Mammoth Lakes is preparing for a very white Christmas this year.   Conditions couldn’t be better at Mammoth Mountain right now with yesterday’s storm bringing over a foot of fresh snow and making a solid base for opening Canyon Lodge this Wednesday, tomorrow! Here are some shots I took this morning before work around Mammoth:

Photo Caption: A raft of ducks have gathered to enjoy the last open water and last days of swimming at Twin Lakes by Tamrack Lodge. Photo Credit: Lauren Tracy

Photo Caption: The view driving down from the Lakes Basin was very misty and surreal this morning.  Lucky I wasn’t hit by a bus getting this shot.  Not recommended to stop on Lake Mary Rd. Photo Credit: Lauren Tracy

 

Christmas/Hannukkah Holiday Deals (Now with Agent Recommended Offer Price)

New Best Buy!  $305K Asking. Remodeled 2+Loft Mammoth View Villas townhome near The Village.  This is a nice updated townhome less than a block from The Village at Mammoth!  Lowest cost per/sq ft in Village Location.  This should not last long at the price.  HOA is is great shape having replumbed the entire project with copper within the past 5 years.  Nightly rentals OK.

Agent Recommended Offer Price: $295,000.

http://mls.propertiesofmammoth.com/property-search/detail/1/107191/

 

Vacant Lot in Mammoth Vista I subdivision, Desirable Location.  Back on Market at $179K!

Agent Recommended Offer Price: $150,000.

http://mls.propertiesofmammoth.com/property-search/detail/1/106551/

 

REO Still Available with upcoming price reduction expected!  Chateau Sans Nom #16, $399,900!  4 bdrm condo with over 1800 sq ft and low HOA dues.  South facing corner of the complex overlooking the Sherwin Mountains.  Great cost/sq ft for a large townhome sharing only 1 wall with mountain views!

Agent recommended Offer Price: $375,000.

http://mls.propertiesofmammoth.com/property-search/detail/1/107128/

 

Distress Sale. Lowest Priced Single Family Residence in Mammoth!  $380,000! Divorce Sale.  Must sell.  All reasonable offers will be considered. In The Knolls by The Village at Mammoth.

Agent Recommended Offer Price: $340,000

http://mls.propertiesofmammoth.com/property-search/detail/1/107154/

 

Canyon Blvd 3+Loft Home close to The Village and Slopes, Cash purchase.  Motivated seller. Any offer will be considered. Asking $450,000.  Great flip opportunity due to non-conforming status.  Can be remedied easily and then will be able to get financing.

Agent Recommended Offer Price: $400,000

http://mls.propertiesofmammoth.com/property-search/detail/1/106889/

 

Priced to Sell at $409,000! Village Condo in White Mountain Lodge! 2 bdrm with 10 ft high ceilings. With the recent closing of #2125 at auction yesterday for $363,300 CASH, this might be a good time to make an offer on this one!

Agent Recommended Offer Price: $365,000

http://mls.propertiesofmammoth.com/property-search/detail/1/107071/

 

New! Mammoth Mountain Chalets 1+Loft Offering!  Ski-In Ski-Out at Main Lodge!  Only condos at Main Lodge.  Rarely on market. $395,000.  Cash only purchase.

Agent Recommended Offer Price: $375,000

http://mls.propertiesofmammoth.com/property-search/detail/1/107155/

 

REDUCED to $299,900!!  Mammoth Point 4/3 bath.  Motivated Seller!

Agent Recommended Offer Price: $275,000

http://mls.propertiesofmammoth.com/property-search/detail/1/106051/

 

Still a Great Entry Buy!  Studio+Loft/2ba Southfacing corner condo at Mountain Shadows, LOW HOA of $312.

http://mls.propertiesofmammoth.com/property-search/detail/1/107016

 

SOLD! From My Previous Best Buys (Currently a 60% Closing Rate in 2 months)

The Aspen Creek #308 Auction Closed yesterday at $151,420!  Someone got a great deal on this ski-in condo!  Now we’ll see if the bank allows it to go into escrow.  Stay tuned, Updates to come… http://mls.propertiesofmammoth.com/property-search/detail/1/106709/

Mountainback #110 2/2 asking $425,000.  (Pending Sale on 12/19 for $425,000.)

 Lincoln House #3228 2 bedroom corner condo in the Village for $468,000! Sold for $446,000!

154 Pinecrest Ave, 5/4 1960 sq ft $339,900 REO home.  Needs driveway.

Silverbear #31 2/2 asking $385,000. Closed for $380,000.

REO 1+Loft at Chamonix by Canyon.  Needs updates. $241,500.  Hurry!  Best deal near Canyon! SOLD!

 Short Sale! 1 bdrm at Juniper Springs Lodge for $219,000!  Make offer before ski season! Great investment property! (Pending sale)

http://mls.propertiesofmammoth.com/property-search/detail/1/105391/

 Short Sale! 558 Golden Creek, Snowcreek IV 2+Loft end unit for $379,900, lower than last sale comp! (Under contract, accepting backup offers)

http://mls.propertiesofmammoth.com/property-search/detail/1/107017/

REDUCED! Mammoth Sierra Townhomes 2+Loft REO quiet end unit only $259,900!  In town on the shuttle route. Great complex, safe and well maintained. Don’t miss this opportunity.  (Pending sale) http://mls.propertiesofmammoth.com/property-search/detail/1/107017/

 

Current Mammoth Real Estate Trends:

Stay Away From Short Sales, they are taking over 6 months and are not reliable anymore for acquiring property in the area.

Online Auctions are New to Mammoth Lakes and gaining in popularity. We have just completed the first 2 ever before in the area.

According to our local REO broker, Paul Oster, Broker at ReMax, there is a new wave of BPO’s (Broker Price Opinion) they are getting (these are orders for valuations of distressed properties by a lender), meaning we can expect more distressed properties on the market next year.

Recent Sales are showing a bigger gap between list price and sales price.

Much Lower total volume of sales this year.

 My Next Newsletter will include: Year End Wrap Up with all Market Data and Stats!  Not to be missed!

If you are going to be in the area, please stop by my office at Mammoth Properties, between the Post Office and Stellar Brew at 3310 Main Street.  I would love to meet you and show you any of these great offerings or anything else that you are interested in.

Happy Holidays!!