First off, thank you to all veterans including World War II veterans, survivors of the Pearl Harbor attack.Your heroism and sacrifice will live forever!!
As of Friday December 7, 2012 there are 46 homes for sale in Mammoth Lakes. 1 of the listings is a Short Sale.
There are 143 condominiums/townhomes for sale. Of these, 127 are Fair Market Sales, 11 are Short Sales, 3 are REO’s and 2 are Probate sales.
The distressed sale opportunities, in Mammoth, are less than in years gone by. As we work through the distressed sales toward a healthier local market, prices will rise accordingly. How quickly will this happen? I don’t know. My sense is that the local real estate market will be flat, at best, for the next several years.
For those of you who have clients waiting to see what will happen up here, please remind them that there are great opportunities right now to enjoy the Eastern Sierra this Winter. Encourage them to do their research now so that when an opportunity presents itself, they can move quickly to purchase it.
All referrals would be greatly appreciated.
I wish everyone a very Merry X-MAS and a Prosperous 2013 to us all!
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