Tracie VanAlstyne’s Blog

Sunstone #116      $375,000

 

 

2 Bdrm/2 Bath Slopeside Condo with a great location!

Priced $164,000 below what the owners paid for it in 2005 (pre-market peak)

Lowest priced ski-in/ski-out 2 Bdrm available on the market!

 

 

 

Juniper Springs Lodge #423     $280,000

1 Bdrm/1 Bath with views up to Mammoth Mtn.

Lowest priced ski-in/ski-out 1 Bdrm available on the market that is not a Short Sale!

 

 

 

Eagle Run #114   $729,000

2 Bdrm/2 Bath Ski right to your front door!

Best location for ski access! Gorgeous panoramic views! Outdoor Walk-in Ski Closet!

Professionally decorated, new paint & carpet, surround sound in living room, low utility costs!

 

 

 

Eagle Run #214   $850,000

3 Bdrm/3 Bath Ski right to your front door!

Best location for ski access and views! Nicely furnished, 2 fireplaces, new paint & carpet, low utility costs!

Only 3 bdrm that is not a short sale. You will not have the frustrations & timing involved dealing with banks! 

 

 

 

White Mountain Lodge #2417   $825,000

3 Bdrm/3Bath Top Floor with huge Sherwin Mtn. views!

Incredible value, $175,000 less than the only other 3 Bdrm listed in the Village!

Priced well below the original sales price of 2001! Great open space for families & in-suite laundry!

The Village only has a total of 23 - three Bdrms out of 266 condominiums! Best rental demand!

 

House Hunting? It’s Not a Buyer’s Market Everywhere
By Chip Jacobs, Los Angeles Times
5-7-2009

Prices have come down, but not as much as you might think. Eighty offers poured in for one house. Competition can be fierce. Although the median price in Southern California may have plummeted, homebuyers are still engaging in bidding wars in more desirable neighborhoods.

Click here to read the article

 

 

 

                                                     April 20, 2009

           As a property owner in what many consider the best part of Mammoth, we would like you to be one of the first to hear about our most recent listing reductions in prime ski-in/ski-out locations. We have considered what the experts are saying about the market – that although California will be one of the first to recover, there may be a little more room for prices to decline as we move through the summer and head towards the end of this year.  With that said, we have educated our most motivated Sellers to price their properties with the future decline in mind. If you or someone you know is looking to pick up a great ski-in/ski-out location priced below the competition, we are presenting these opportunities to you. See these featured properties on the following page along with accompanying post cards for photos and descriptions.

Pinpointing the exact bottom of any market is impossible; however most are identified by a decline in inventory, a strong showing of demand for the product, and a leveling of pricing. We believe that we are definitely in the bottoming stages of the market right now in Mammoth as evidenced for example by a huge increase in recent demand. [Combining the current pending condo sales along with the closed escrows over the first quarter of 2009, we are well over a 50% increase in activity to that of the first quarter of 2008! 88 condos compared to 39! Single family home sales have had an approximate 15% increase.] We should also pay very close attention to where pricing is at the moment. The median price of a sold condo in the 1^st Q of 2006 (our market peak) was $530,000 and the average was $646,000. In the 1^st Q of 2009 it was $326,000 and $392,000 respectably; a 38.5% - 40% drop! We are most closely in line right now with where re-sale prices were in 2003. That’s 6 years ago! If the market analysts are predicting a 12 year real estate cycle this time versus our typical 7 year span, that would put us pretty much right in the middle of it – or one might conclude the near bottom? With such a strong selection of inventory still available, and interest rates at an all time low (in the 5% range!) could there be a better time to be looking to buy?

Please contact us if you are considering selling and would like a market evaluation of your home. With a combined total of over 25 years experience in real estate in Mammoth, Trish and I provide you with the elevated level of service, the negotiating skills, the strong local relationships & connections, and the inventory knowledge that you will need to have for a superior edge over your competition. Our clients receive two top agents in the strongest office in town for the price of one! Whether you are a Buyer or a Seller in these stimulating times, we look forward to hearing from you!

Most Sincerely,

Tracie Van Alstyne         &       Trish Dunlap

Tracie Cell: 760.447.0945                    Trish Cell: 760.709.1205

Tracie@RealEstateMammoth.com    TrishDunlap@Earthlink.net    www.RealEstateMammoth.com