Archive for May, 2010|Monthly archive page

Weekly Mammoth Lakes Real Estate Listings Summary

On Monday May 31, 2010 there are 72 homes listed for sale in Mammoth Lakes. The average price is $1,510,179, the price range is from $49,900 (mobile home) – $7,900,000 and the average days on market is 203.

There are 42 lots for sale. The average price is $894,296, the price range is from $109,000 – $13,000,000 and the average days on market is 394.

There are 193 condominiums for sale. The average price is $440,975, the price range is from $99,900 – $2,100,000, and the average days on market is 192.

There are 33 commercial properties for sale. The average price is $617,480, the price range is from $59,900 – $4,250,000, and the average days on market is 417.

In June Lake, there are 21 homes for sale. The average price is $2,540,259, the price range is from $128,000 – $19,998,000, and the average days on market is 171.

There are 31 lots for sale. The average price is $209,540, the price range is from $70,000 – $399,000, and the average days on market is 448.

There are 4 commercial properties for sale. The average price is $6,105,750 the price range is  $1,329,000 -$19,995,000, and the average days on market is 527.

There are 3 condominiums for sale. The average price is $497,666, price range is  $309,000-$795,000, and the average days on market is 726.

In Crowley Lake/ Sierra Springs, there are 15 homes for sale. The average price is $640,919 the price range is $47,000 (mobile home) – $2,500,000 and the average days on market is 102.

There are 13 lots for sale. The average price is $968,769, the price range is from $80,000 – $4,000,000, and the average days on market is 199.

There are 3 condominiums for sale. The average price is $138,133. The price range is from $115,000 – $179,500, and the average days on market is 161.

In Aspen Springs and Sunny Slopes there are 2 homes for sale. The average price is $1,387,499. The price range is from $1,275,000 – $1,499,999  and the average days on market is 89.

There is 1 lot for sale. The average price is $142,500. The price range is from $142,500 – $142,500, and the average days on market is 325.

In the Paradise/ Pinion Ranch/ Rimrock and Swall Meadows areas there are 2 homes for sale ( Mammoth Lakes listing service). The average price is $1,839,999, the price range is from $680,000 – $2,999,999, and the average days on market is 102.

There are 11 lots for sale. The average price is $490,618. The price range is from $89,900 – $2,990,000, and the average days on market is 611.

In Bishop, there are 33 homes for sale (Bishop Listing Service). The average price is $459,018, and the price range is from $209,000 – $1,095,000. The average days on market is 153.

There are 10 lots  for sale. The average price is $332,300 and the price range is from $95,000 – $1,300,000. The average days on market is 306.

There are 3 commercial business opportunities. The average price is $897,500 and the price range is from $110,000 – $1,995,000. The average days on market is 413.

For more information on Mammoth Lakes real estate, please log onto my real estate website at http://www.easternsierraproperties.com.
Please share your thoughts by leaving a comment or call me at the office: 760-934-5088.
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Memorial Day Weekend In Mammoth

While the week leading to Memorial Day Weekend was cold and snowy, the expectation is that the weather is going to cooperate and bring us warming temperatures to enjoy. Just to be on the safe side, though, bring your jacket, hat and gloves!

There are a number of local events to enjoy:

  • Mule Days Celebration in Bishop. If you haven’t been, go. A lot of fun for everyone!! It’s the largest and most famous yearly event in Bishop. Over 30,000 visitors come and enjoy the parade, rodeo, packing competition, roping, food, entertainers and other festivities. The location for the rodeo is at the Tri-County Fairgrounds. The phone number is 760-872-4263. The website is www.muledays.com
  • At the Village at Mammoth festivities start today at 4pm with the Mammoth Green Team. On Saturday May 29th and Sunday May 30th at 4pm come listen to “Nuthin Fancy” ( Lynryd Skynrd Tribute Band ). There will be tent sales, at the Village, and throughout the Town all weekend. For  more information, log onto www.villageatmammoth.com
  • Convict Lake Memorial Day BBQ & Music from Saturday May 29th – Sunday May 30th . Enjoy the beautiful location, gourmet food and live music.
  • Mega Memorial Weekend Party at Mammoth Mtn. from Saturday May 29th – Sunday May 30th. The lifts open at 8am and the party begins at 11am. For more information, log onto www.mammothmountain.com. You can also call 760-934-2571.
  • Realtor Open Houses. I will be hosting an open house on Saturday May 29th-Sunday May 30th from 1-4pm ( each day) at 529 Golden Creek Road in Snowcreek phase IV. This is a three bedroom/loft, 2.5 bath townhome listed for $720,000. Please come for a tour. There will be other open houses throughout the town for your convenience.

For more information on Mammoth Lakes real estate, please log onto my real estate website at www.easternsierraproperties.com

Please share your thoughts by leaving a comment or call me at the office: 760-934-5088.

Welcome to May-uary!!

By the weather we’ve been having recently you’d swear it was February instead of May. Today, the 26th, the mountain was covered in clouds, big winds in town and cool temperatures throughout the day.

That being said, it’s still May and we’re moving forward with annual events:

  • The Whitmore Pool opening is scheduled for Saturday June 19th starting at noon.
  • Final registration for Mammoth AYSO soccer is Thursday May 27th at the Mammoth Lakes Library from 4pm-6:30pm. You can also log on at www.eayso.org or call the AYSO Commish: Stuart Brown at 760-914-4450.
  • The High Sierra Triathlon Club is hosting a “Change A Flat” clinic May 27th at Brian’s Bicycles & Cross-Country Skis beginning at 5pm.
  • The Mammoth Snowboard and Freeride Ski Team is offering the last camp, this Spring, this weekend May 29-31. Contact Ben Wisner at bwisner@mammoth-mtn.com or call 760-934-2571 ext. 3144.
  • On Sunday May 30th the Eastside Velo will be hosting the North County Ride. The ride starts at 10am and ends at 3pm. The ride goes out to Hawthorne, Nv. ( 55 miles one way ) and back. The ride start is at the Mono Lake County Park, just off Hwy. 395, North of thee Mono Inn.

Log on to www.visitmammoth.com for more information.

Now, how about some information on real estate. On Monday I summarized the residential/commercial listings in Mammoth Lakes.

Since Monday, we have had 20 new listings, 9 price changes and 9 closed escrows. Not bad for two days!

Of the 20 new listings, 14 are condominiums and the balance are single family residences.

Of the 14 condominiums, 5 are distressed sales and of the single family residences, 1 is a distressed sale.

Regarding the price changes, five are for condominiums, two are for single family residences, one for a mobile home, one for a manufactured home and one for a lot.

The 9 sales included four condominiums, one townhome and four single family residences. Of these sales, one condominium, one single family residence and the townhome were distressed property sales.

Every Thursday we have our local Realtor caravan and tomorrow there are 10 condominium/townhomes and 5 single family residences on tour.

For more information on the Mammoth Lakes real estate market, please log onto my real estate website at www.easternsierraproperties.com.

Please share your thoughts by leaving a comment or call me at the office: 760-934-5088.

Weekly Mammoth Lakes Real Estate Listings Summary

On Monday May 24, 2010 there are 65 homes listed for sale in Mammoth Lakes. The average price is $1,550,253, the price range is from $49,900 (mobile home) – $7,900,000 and the average days on market is 215.

There are 43 lots for sale. The average price is $880,473, the price range is from $109,000 – $13,000,000 and the average days on market is 380.

There are 176 condominiums for sale. The average price is $451,832, the price range is from $99,900 – $2,100,000, and the average days on market is 203.

There are 35 commercial properties for sale. The average price is $690,478, the price range is from $59,900 – $4,250,000, and the average days on market is 393.

In June Lake, there are 19 homes for sale. The average price is $2,720,842, the price range is from $128,000 – $19,998,000, and the average days on market is 181.

There are 31 lots for sale. The average price is $209,540, the price range is from $70,000 – $399,000, and the average days on market is 441.

There are 4 commercial properties for sale. The average price is $6,105,750 the price range is  $1,329,000 -$19,995,000, and the average days on market is 520.

There are 3 condominiums for sale. The average price is $497,666, price range is  $309,000-$795,000, and the average days on market is 719.

In Crowley Lake/ Sierra Springs, there are 13 homes for sale. The average price is $600,530 the price range is $47,000 (mobile home) – $2,500,000 and the average days on market is 111.

There are 12 lots for sale. The average price is $1,010,416, the price range is from $80,000 – $4,000,000, and the average days on market is 208.

There is 1 condominium for sale. The average price is $179,500. The price range is from $179,500 – $179,500, and the average days on market is 461.

In Aspen Springs and Sunny Slopes there is 1 home for sale. The average price is $1,275,000. The price range is from $1,275,000 – $1,275,000  and the average days on market is 168.

There is 1 lot for sale. The average price is $159,000. The price range is from $159,000 – $159,000, and the average days on market is 318.

In the Paradise/ Pinion Ranch/ Rimrock and Swall Meadows areas there are 3 homes for sale ( Mammoth Lakes listing service). The average price is $1,503,333, the price range is from $680,000 – $2,999,999, and the average days on market is 85.

There are 11 lots for sale. The average price is $490,618. The price range is from $89,900 – $2,990,000, and the average days on market is 604.

In Bishop, there are 33 homes for sale (Bishop Listing Service). The average price is $462,952, and the price range is from $209,000 – $1,095,000. The average days on market is 136.

There are 11 lots  for sale. The average price is $320,345 and the price range is from $95,000 – $1,300,000. The average days on market is 299.

There are 3 commercial business opportunities. The average price is $897,500 and the price range is from $110,000 – $1,995,000. The average days on market is 406.

For more information on Mammoth Lakes real estate, please log onto my real estate website at http://www.easternsierraproperties.com
Please share your thoughts by leaving a comment or call me at the office: 760-934-5088.

Senate Bill 1178

Interest rates have been consistently lowering over the past several years. If you watch television, you’ve seen lender marketing campaigns touting low interest rates and encouraging homeowners to discuss refinancing options with them.

If those homeowners, who have refinanced, default on a mortgage greater than the value of the property, it’s called a Deficiency Liability and under California Law, and the lender can sue the homeowner for the amount of the deficiency even after taking back the property.

I wonder how many homeowners knew about this when they had finished signing the refinance paperwork?!

On the original purchase money mortgage, homeowner liability on the mortgage was limited to the property itself.

Unfortunately, the original purchase money protection was not extended to loans that refinance the original purchase money debt.

To address this issue, Senator Ellen Corbett: Democrat- San Leandro, sponsored SB 1178.

“This bill would provide that a loan used to pay all or part of the purchase price of real property or an estate for years includes subsequent loans, mortgages, or deeds of trust that refinance or modify the original loan, but only to the extent that the subsequent loan was used to pay debt incurred to acquire, construct, or substantially improve the real property. If approved, this will take effect June 1, 2011.”1.

For more information on SB 1178, Google SB 1178.

For information on Mammoth Lakes real estate please log onto my real estate website at www.easternsierraproperties.com

Please share your thoughts by leaving a comment or call me at the office: 760-934-5088.

  1. http://www.legisweb.com

May Events In Mammoth

This weekend I ran both days in shorts/ t-shirt. Light wind, snow on the peaks, more bikes than vehicles on the road!

Monday, snow/rain, flannel lined jeans and three layers on top! What’s the lesson here: In Mammoth, never put your Winter gear too far away, no matter the time of year.

This is important to all the visitors who come to the Eastern Sierra who partake in our Spring/Summer/Fall activities. Enjoy yourself, but be prepared!  Here are some May events to consider:

  1. Round-up at the Lake: Convict Lake Spring Fishing Derby. This is hosted by Convict Lake Resort and runs from April 26th – June 12th.  There’s a total of $6500 in resort prizes. $30 entry fee.

http://www.convictlakeresort.com

  1. Spring Fest: This is a month long event at Mammoth Mountain Ski Area celebrating our fantastic snow conditions, deals on ski gear, freebies, reduced lodging rates, good times and good friends.

http://www.mammothmountain.com

  1. Diabetic Walk to Mammoth Creek View Point: This is a one mile walk to Mammoth Creek View Point. Bring your own lunch, make some new friends. Walk starts at noon at Mammoth Creek Park. 760-934-0372
  1. ESLT Community Celebration: The Eastern Sierra Land Trust and Benton Hot Springs owners Bill & Diane Bramlette are inviting you to celebrate the Eastern Sierra and the preserved lands the weekend of May 22ndrd. There will be a variety of activities including birding tours, Eastern Sierra artist paint out, barbeque, live music, campfire circle and more. For more information contact the ESLT at info@eslt.org. For accommodations at the Benton Hot Springs, log onto http://www.historicbentonhotsprings.com/index.htm. – May 23
  1. Mountain Warfare Training Challenge: This event takes place May 22nd at the Marine Corps Mountain Warfare Training Center on Hwy. 108 Sonora Pass. The challenge includes a 10k off-road run, five foot wall climb and tunnel crawl in the Toiyabe National Forest. Base phone number is 760-932-1521. Register on-line at http://www.active.com/event_detail.cfm?event_id=1681027

When you’re done with these events and realize how much fun it is to live in the Eastern Sierra, log onto my real estate website at www.easternsierraproperties.com. When you see a property you’d like more information on, give me a call on my cell phone at 760-937-2420.

Weekly Mammoth Lakes Real Estate Listings Summary

On Monday May 17, 2010 there are 60 homes listed for sale in Mammoth Lakes. The average price is $1,565,233, the price range is from $49,900 (mobile home) – $7,900,000 and the average days on market is 226.

There are 38 lots for sale. The average price is $971,943, the price range is from $178,500 – $13,000,000 and the average days on market is 402.

There are 171 condominiums for sale. The average price is $459,616, the price range is from $99,900 – $2,100,000, and the average days on market is 205.

There are 33 commercial properties for sale. The average price is $559,598, the price range is from $59,900 – $4,250,000, and the average days on market is 409.

In June Lake, there are 19 homes for sale. The average price is $2,720,842, the price range is from $128,000 – $19,998,000, and the average days on market is 174.

There are 30 lots for sale. The average price is $205,558, the price range is from $70,000 – $399,000, and the average days on market is 449.

There are 3 commercial properties for sale. The average price is $7,698,000 the price range is  $1,500,000 -$19,995,000, and the average days on market is 681.

There are 3 condominiums for sale. The average price is $497,666, price range is  $309,000-$795,000, and the average days on market is 712.

In Crowley Lake/ Sierra Springs, there are 12 homes for sale. The average price is $640,825 the price range is $47,000 (mobile home) – $2,500,000 and the average days on market is 96.

There are 13 lots for sale. The average price is $940,307, the price range is from $80,000 – $4,000,000, and the average days on market is 212.

There is 1 condominium for sale. The average price is $179,500. The price range is from $179,500 – $179,500, and the average days on market is 454.

In Aspen Springs and Sunny Slopes there is 1 home for sale. The average price is $1,275,000. The price range is from $1,275,000 – $1,275,000  and the average days on market is 161.

There is 1 lot for sale. The average price is $159,000. The price range is from $159,000 – $159,000, and the average days on market is 311.

In the Paradise/ Pinion Ranch/ Rimrock and Swall Meadows areas there are 3 homes for sale ( Mammoth Lakes listing service). The average price is $1,503,333, the price range is from $680,000 – $2,999,999, and the average days on market is 78.

There are 11 lots for sale. The average price is $490,618. The price range is from $89,900 – $2,990,000, and the average days on market is 597.

In Bishop, there are 32 homes for sale (Bishop Listing Service). The average price is $464,922, and the price range is from $209,000 – $1,095,000. The average days on market is 133.

There are 12 lots  for sale. The average price is $312,308 and the price range is from $95,000 – $1,300,000. The average days on market is 282.

There are 3 commercial business opportunities. The average price is $897,500 and the price range is from $110,000 – $1,995,000. The average days on market is 399.

For more information on Mammoth Lakes real estate, please log onto my real estate website: http://www.easternsierraproperties.com
Please share your thoughts by leaving a comment or call me at the office: 760-934-5088.

2008 Sold Statistics For Mammoth Lakes Real Estate

Single Family Residences: 44 sales, average list price: $1,198,113, average sold price: $1,093,501, 91% of list, average days on market: 167. Of the 44 sales, 5 were distressed properties.

Condominiums/ Townhomes: 206 sales, average list price: $358,161, average sold price: $334,763, 93% of list, average days on market: 158. Of the 206 sales, 27 were distressed properties.

Lots: 6 sales, average list price: $461,150, average sold price: $396,416, 86% of list, average days on market: 403.

Commercial: 6 sales, average list price: $273,316, average sold price: $252,375, 92% of list, average days on market: 242.

For more information on Mammoth Lakes real estate, please log onto my real estate website at www.easternsierraproperties.com

Please share your thoughts by leaving a comment or call me at the office: 760-934-5088

2009 Sold Statistics For Mammoth Lakes Real Estate


Single Family Residence: 61 sales, average list price: $906,655, average sold price: $817,906, 90% of list, average days on market: 180. Of the 61 sales, 12 (.06%) were distressed properties.

Condominiums/ Townhomes: 294 sales, average list price: $227,784, average sold price: $212,666, 93% of list, average days on market: 138. Of the 294 sales, 76 (26%) were distressed properties.

Lots: 12 sales, average list price: $459,100, average sold price: $375,791, 82% of list, average days on market: 425.

Commercial: 4 sales, average list price: $206,200, average sold price: $148,725, 72% of list, average days on market; 180.

For more information on Mammoth Lakes real estate, please log onto my real estate website at www.easternsierraproperties.com

Please share your thoughts by leaving a comment or call me at the office: 760-934-5088.

Sold Statistics From January 1, 2010 – December 31, 2010

Single Family Residences: 72 sales, average list price of $979,412, average sale price of $866,247, 88% of list and average days on market 156. Of the 72 sales, 25 were distressed properties or 35%.

Condominiums/ Townhomes: 372 sales, average list price of $368,566, average sale price of $351,605, 95% of list and average days on market 154. Of the 372 sales, 90 or 24% were distressed(includes Westin auctioned properties) properties.

Lots: 12 sales, list price of $486,983, sale price of $359,595, 74% of list and days on market 282. Of the 12 sales, 4 or 33% were distressed properties.

Commercial: 6 sales, average list price of $318,300, average sale price of $278,666, 88% of list and average days on market 214.

For more information on Mammoth Lakes real estate, please log onto my real estate website at www.easternsierraproperties.com.

Please share your thoughts by leaving a comment or call me at my office: 760-934-5088