Mammoth REOs & Short Sales Summary   February 3, 2011   Single Family Residences   1.    MLS 103071. $232,000. REO. Four bedrooms, two bathrooms and a detached two car garage. Residence is approximately 1,639sf and the lot is approximately .23 acres. 121 days on the market. Last sale was to FNMA on 09/16/2010 for $269,978. Annual tax:$3,431. Land Assessment:$137,333. Improved Assessment:$171,668. 2.  MLS 102630. $540,000. Short Sale. Three bedrooms, two bathrooms and an attached one car garage. Residence is approximately 1,553sf and the lot is approximately .17 acres. 239 days on the market. Last market sale was 08/03/2004 for $680,000. Annual tax:$7,983. Land Assessment:$350,955. Improved Assessment:$383,351. 3.  MLS 103045. $749,000. REO. Five + bedrooms, 3.5 bathrooms and an attache... 02/03/2011

Absorption Rate is an important element to Successful Pricing.   You can tell the Sellers what they want to hear and you may get a listing, but you will not sell the home! You will get to spend money on MLS fees, flyers, local newpaper ads and gas for open houses. To sell any property, you gotta price it right. Pricing it right should include an analysis and discussion of the Absoprtion Rate for your local market. In Mammoth Lakes, there have been 71 single family residence sales since February 1, 2010. That's an average of 6 sales per month.                 As of today, February 1st, there are 62 active single  family residence listings. Dividing 62 active listings by 6 sales per month yields 10.3 months supply of single family residences for sale. For the same time period, there have ... 02/01/2011

                Mammoth Mountain Ski Area (MMSA) received 12"-16" of new snow last weekend. The sun is out today and the temperatures are still a little cool so the snow is going to stay fresh a little longer. To fly into Mammoth Lakes and take advantage of the new snow, log onto Alaska Air for flight information into Mammoth/Yosemite Airport. Click on lodging special offers and coupons to get information on the best rates in town.                                                                                                                                 Want to take a day off from skiing to try something new? Try fishing the Upper Owens River. The California Department of Fish and Game has opened up year round, catch-and-release fishing in Mono County on three fisheries. Just South ... 01/31/2011

    On Monday January 31, 2011 there are 64 homes listed for sale in Mammoth Lakes (includes mobile homes). The average price is $1,389,117, the price range is from $40,000 - $7,500,000 and the average days on market is 229. There are 40 lots for sale. The average price is $501,495, the price range is from $120,000 - $2,095,000 and the average days on market is 364. There are 159 condominiums for sale (does not include deed restricted properties). The average price is $447,037, the price range is from $85,000 - $2,100,000, and the average days on market is 196. There are 30 commercial properties for sale. The average price is $603,898, the price range is from $45,870 - $3,900,000, and the average days on market is 450.                                                  In June Lake, there... 01/31/2011

  Mammoth Lakes Real Estate 2010 vs. 2011 Year to Date     January 1, 2010 – January 27, 2010 2 Single Family Residence (SFR) sales: Avg. list:$1,245k Avg.sold:$995k, 80% of list, Avg. days on market: 269             17 Condo/Townhome sales (3 distressed property sales): Avg.list:$394,076, Avg.sold:$375,658, 95% of list, Avg. days on market: 185   January 1, 2011 – January 27, 2011 1 Single Family Residence sale: Avg. list:$825k Avg. sold:$765k, 93% of list, Avg. days on market: 144 18 Condo/Townhome sales (7 distressed property sales): Avg.list:$327,811, Avg.sold:$307,472, 94% of list, Avg. days on market: 201   Year to Year, Year to Date Comparison   2010 vs. 2011 Avg. SFR List: 1,245k vs 825k = down approximately 33.7% 2010 vs. 2011 Avg. SFR Sold: 995k vs. 765k = down approximately 2... 01/27/2011

Mammoth Lakes Real Estate Listings       Mammoth Lakes, Ca. is the home of Mammoth Mountain Ski Area (MMSA) and arguably the gateway to the expansive and breathtaking Eastern Sierra. People buy vacation, retirement and primary homes here initially to experience MMSA, but then realize that Summer is an incredible opportunity to learn more about the area and share it with family and friends. For those looking to become part of a mountain resort, consider Mammoth Lakes, Ca. You won't be disappointed! Visit Mammoth.                  As of Wednesday January 26, 2011 there   are 59 single family residences for sale. The average list price is $1,481, 298. The price range is from $344,000 - $7,500,000. The average days on market is 214. There are 160 condominiums/townhomes listed for sale as of... 01/26/2011

Weekly Mammoth Lakes, Ca. Real Estate Listings Summary On Monday January 24, 2011 there are 62 homes listed for sale in Mammoth Lakes ( includes mobile homes ). The average price is $1,394,880, the price range is from $49,900 - $7,500,000 and the average days on market is 235.There are 39 lots for sale. The average price is $502,533, the price range is from $120,000 - $2,095,000 and the average days on market is 361.There are 163 condominiums for sale (does not include deed restricted properties). The average price is $444,602, the price range is from $85,000 - $2,100,000, and the average days on market is 187.There are 30 commercial properties for sale. The average price is $603,898, the price range is from $45,870 - $3,900,000, and the average days on market is 443.In June Lake, there... 01/24/2011

Our stay in Mammoth Lakes is coming to an end today and we are headed to Reno to experience "Hot August Nights".  We have seen so many beautiful sights, including Mono Lake, June Lake, Mammoth Mountain and many other places and encourage anyone who has not been here to come for a visit, anytime of the year.  You won't be disappointed because with the seasons the images change... so don't forget to bring your camera!  Below is why Mammoth is called "Mammoth"! Below is June Lake in August - see the snow patches in the mountains! Hauntingly beautiful Mono Lake in August 08/04/2010

Our country is beautiful and arguably, there are parts that are more beautiful than others, but yet each has their own special features.  We are on vacation and currently in Mammoth and while I am still conducting business, I am definitely taking time out to enjoy being with my family and seeing sights like the one below...  Hope you are all enjoying your summer!  ~ Susan 08/02/2010

Looking for the perfect ski get-away? Mammoth Lakes is the place to go for most Southern Californian's but now with direct flights into Mammoth, access is easier than ever. Mammoth offers some of the best terrain in all of the United States and with our recent 10 foot snowfall, the best snow around! Real Estate in Mammoth Lakes has started to increase in the condo market and inventory has gone down dramatically. The residential market has continued to decrease in price with more REO/Foreclosures on the market but they don't last long. For more information on the Mammoth market or if you would like to receive listings, please contact me today! 01/26/2010

Mammoth Broker’s Report, January 12, 2010––I can’t end the decade without the cursory look back and I can already hear some accusations of cynicism. But in reality there are many positives. The Mammoth real estate market is once again so aptly summarized by Intrawest’s marketing department; with them fire-selling their last remaining holdings (mainly the Westin Monache and Woodwinds) the hyperbole is now “BUY LOW. LIVE HIGH.” It’s nice of them to exit this way. The decade started with promises of “it will be amazing” and ended with buying low and living high. In the end, Intrawest probably followed that philosophy during their whole tenure––buying low and living high. But many of us who remain have the opportunity to live high, and buying low will help. And some of ... 01/12/2010

A Kick In The Mammoth Fannie   Q: We’re looking to purchase a condo in Mammoth but we’re hearing different stories about financing problems. We’ve even heard that some new financing regulations are disrupting the way some local condo projects are operating. What gives?   A: The financing of Mammoth condominiums is a completely different ball game from three or four years ago, almost laughingly so. We’re now paying the price for all those people who were allowed to borrow that shouldn’t have been allowed to borrow. And I’m sure nobody in the general public has any sympathy for real estate agents who are struggling to close the financing and purchases on local condos. But the root problem is trickling down and around and is impacting property owners, business owners a... 11/28/2009

        "OLD GLORY" and Friends .............  I captured "OLD GLORY" and some Friends several months ago and I thought this would be the perfect day to cast it's glory with a couple friends near by. This post is for all the people that have fought for the (Freedom) of the United Sates of America and preserving the beauty of our wonderful country  Next to "OLD GLORY" stands The Mammoth Lakes area flag on the (left) and on the (right) is The State of California flag.  These three different flags represent three different very beautiful places in America.  The photo (below) is Vegas Bob on the top of Mammoth Mountain and try to imagine if the open beauty you see behind him was built up because another country had taken over and developed it with a city or industrial plant.  Let's try not ... 11/11/2009

 Beautiful Rainbow Falls ........  When I was a teenager we use to hike through the mountains of Oregon and northern California and I have always been amazed by waterfalls.  The water falling over the rocks to create a white, blue, green color and the noise of the water can be so relaxing and hypnotic. And sometimes if you hike down by the bottom of a waterfall there is a mist, rainbow and the odor of fresh water.  I have photographed 100s of waterfalls through my life and most of my photographs are all gone, lost, misplaced, etc.  My goal next year will be to photograph more waterfalls like the one in the photo (above).  This photograph was taken in Mammoth Lakes California and it is quite a site to see, later in the afternoons the sun will shine through the mist of this waterfall cre... 10/30/2009

 Please read and take a look at this post about some very old strange rocks in Mammoth Lakes area. Can anyone please tell me what this person is sitting on and where these rocks might be located?   I would like to congratulate James Malanowski for guessing the right answer to my question about he strange rocks and here is another photograph (above).  The photograph of the six sided rocks are at the top of this cliff.  The name of the strange rocks are Devil's Postpile in Mammoth Lakes California     Devil's Postpile ... Someplace I actually have been.  Granted it's been awhile, though.   James Malanowski - REO Broker - Palmdale, Lancaster, Rosamond, CA (theJEMgroup.com)   12:26pm • #4  www.VegasBuildingsForSale.com  www.LakeOwner.com  www.SearchMyPics.com  www.RealEstateNationwideListin... 10/29/2009

 Can anyone please tell me what this person is sitting on and where these rocks might be located?  These rocks are some of the strangest rock formations I have ever seen and when I came across them I had to really take a close look at them. These rock formations are millions of years old and it looks like this person in the photographs is either meditating or trying to capture the energy from them.  The first photograph is towards the bottom of the rocks and the photo below is the very tops of the rocks. What are these strange rocks?  And where do you think there located?  I will reveal the answer later Wed. evening 10-28-2009  If you look real close at the photograph above most of the rock patches have 5 sides to them and this is all natural, the lines were not cut into the rocks.  Po... 10/28/2009

 Anyone interested in purchasing some acreage to build a Summer home, retirement home, etc ............  I came across the unbelievable area around Mammoth Lakes California and fell in love with it right away. Who wouldn't enjoy such a beautiful back drop as what is shown in the photo (above).  If there is anyone interested in this type of property please feel free to contact me any time.  Post & Pic by Robert Swetz (Vegas Bob) www.VegasBuildingsForSale.com  www.LakeOwner.com  www.SearchMyPics.com  www.RealEstateNationwideListings.com  www.UFOsAliens.org  http://DarksideofDavid.ning.com   10/27/2009

Some things just torture me. And a recent article in the Mammoth Times about a new business for sale just irked me. I just really have to ask myself how this came about? This was a gross disservice to these owners and potential sellers.  What were the editors thinking? I’m criticized for being candid to a fault, but this was abusive. And where was the broker who represents them? Why didn’t he take control? In a small town, this is almost irresponsible journalism. In the era of Wally Hofmann this article would have been re-written because the flaws so glaring.   Every couple of years the subject of business and businesses for sale in mammoth is a worthy topic for a column. I’ve had my share of business listings over the years and thankfully my professional insurance ... 10/15/2009

ONE STEP FURTHER Do more than exist:  live. Do more than touch:  feel. Do more than look:  absorb. Do more than hear:  listen. Do more than think:  reflect. Do more than talk:  say something. - AUTHOR UNKNOWN -  photograph by Robert Swetz  www.VegasBuildingsForSale.com  www.LakeOwner.com  www.SearchMyPics.com  www.RealEstateNationwideListings.com  www.UFOsAliens.org  http://DarksideofDavid.ning.com   10/12/2009

 This post is for all Activerain members and more!  For anyone who lives in California, lived in California, traveled in California and has always dreamed about visiting California I have something special for you.  I formed this group ................  CALIFORNIA DREAMING  and this group is one of my favorites, clink on the link and take a look at some of the posts and photographs in this group. If like what you read and see please join the group, I think this group is so underrated and I am going to change that right now!    Just take a look at the photographs I took in Mammoth Lakes California two weeks ago and tell me this isn't one of the most beautiful places on earth!  I have travel all over the United States and been in over 40 states in my life including my second favorite sta... 10/01/2009