Mammoth Real Estate Coldwell Banker

Mammoth Foreclosure Listings

MRECB1 — Wed, 05 Aug 2009 22:29:00 GMT

Learn About Foreclosures - Bank REOs Short Sales

Bank Owned Properties

126 Klosters Ct
Mammoth Lakes, CA 93546
Property Type: Single Family
Subdivision: mmth knolls
$539,900
Bedrooms: 5
Baths: 4
Approx Sq Ft: 2957

Walk to the Village from this spacious 5+ bedroom/4 bath home located in the Knolls. Fenced backyard. This is a LENDER-OWNED property was aquired through a foreclosure sale. More Info

248 Mammoth Slopes Dr #111
Mammoth Ski & Racquet Club #L-111
Mammoth Lakes, CA 93546
$289,000
Bedrooms: 2 + loft
Baths: 2.5
Approx Sq Ft: 1261
Property Type: Condominium
Project Name: Mmth Ski and Racq

Spacious two bedroom loft/2.5 bath condo with private setting. Gas log fireplace. On-site pool, spa, sauna and tennis courts. Bank-owned property, sold in as is-where is condition. More Info

1111 Forest Trail #1130
Mammoth Lakes, CA 93546
$207,900
Bedrooms: 1
Baths: 1
Approx Sq Ft: 601
Property Type: Condominium
Project Name: Grnd Sierra Ldg

Lender Owned One bedroom, One Bath Ground floor condo located in Grand Sierra Lodge at The Village of Mammoth. Granite countertops, slate tile in entry and bath and warming gas fireplace. More Info

273 Rainbow Lane #18
Courchevel Unit #18
Mammoth Lakes, CA 93546
$209,900
Bedrooms: 2
Baths: 2
Approx Sq Ft: 1061
Property Type: Townhouse
Project Name: Courchevel

Lender Owned 2 bedroom/ 2 bath plus storage loft and private attached garage with tree and mountain views located at CANYON LODGE area of MAMMOTH MOUNTAIN SKI RESORT. More Info

165 Old Mammoth Rd #19
Sierra Manors #19
Mammoth Lakes, CA 93546
$160,500
Bedrooms: 1
Baths: 1
Approx Sq Ft: 660
Property Type: Condominium
Project Name: Sierra Manors

This top floor condo is located overlooking the common area pool. Conveniently located within walking distance to restaurants, shops, schools and hospital. More Info

2251 Meridian Blvd. #125
Sunshine Village #125
Mammoth Lakes, CA 93546
$155,900
Bedrooms: 1
Baths: 1
Approx Sq Ft: 737
Property Type: Condominium
Project Name: Sunshine Vlg

Lender Owned one bedroom downstairs corner condo located at Sunshine Village. In town located near shuttle stop. Complex offers pool, spa, recreation room, tennis. More Info

3599 Main Street
Mammoth Lakes, CA 93546
$590,000
Approx Sq Ft: 3479
Property Type: Multi-Use Building
Subdivision: Sierra Valley Sites

Main street exposure that is seen coming and going. Excellent exposure for restaurant or retail, could also be commercil condos. Many possibilities. Priced to sell. Under recent appraisal. More Info

Horizon Air Expands Mammoth Mountain Service With Flights from Northern California and Pacific Northwest

MRECB1 — Tue, 04 Aug 2009 15:51:00 GMT

August 3, 2009 10:00 AM EDT

MAMMOTH LAKES, Calif.--(BUSINESS WIRE)-- After a successful first winter season, Horizon Air is expanding air service to the Mammoth Mountain resort for the upcoming snow season. In addition to adding a second daily nonstop from Los Angeles, Horizon will offer new daily nonstop service from San Jose and Reno and direct (same-plane, one-stop) service from Seattle and Portland.

The Mammoth Mountain resort area is just 15 minutes from the Mammoth Lakes Yosemite airport. During last year's inaugural season of service, thousands of Southern Californians took advantage of Horizon's 70-minute flight from Los Angeles instead of enduring five hours or more of driving.

"Our Southern California customers have made no secret of how much they've appreciated having such quick and easy access to this world-class recreation area," said Dan Russo, Horizon's vice president of marketing and communications. "Now, with Horizon Air's expanded service, winter sports enthusiasts from Northern California and the Pacific Northwest will be able to enjoy the same convenience."

The new service from Northern California and the Pacific Northwest is expected to introduce thousands of new visitors to Mammoth - many of whom would not have considered it for a winter vacation otherwise. Similarly, travelers from the town of Mammoth will gain an easier way to travel, with nonstop service to Los Angeles, Reno and San Jose, and direct (same-plane, one-stop) service to Seattle and Portland.

"The new and expanded routes on Horizon for next season put Mammoth within easy reach of thousands of skiers and snowboarders who love to play big in the mountains and have dreamed of visiting Mammoth for years," said Howard Pickett, CMO of Mammoth Mountain. "Our guests loved the flights from Los Angeles last year and they asked us for even more flight options. With this expansion into Northern California, Reno and the Pacific Northwest, we are doing our best to deliver on that request."

Horizon is offering special low fares for flights on select days between Mammoth and each city. Fares start at $49 each way from Reno, $69 from San Jose or Los Angeles, $144 from Portland, and $149 from Seattle.

The Mammoth winter season flight schedule shown below will run from Dec. 17, 2009, through April 11, 2010, and is available for sale now at www.horizonair.com or by calling 800-547-9308 (TTY at 800-682-2221).

Mortgage delinquencies seen rising through 2009

MRECB1 — Wed, 29 Jul 2009 18:33:00 GMT

NEW YORK (AP) — The rate at which people are falling behind on their mortgage payments went up for the ninth straight quarter in the first three months of 2009, and is expected to keep rising through the end of the year, according to credit reporting agency TransUnion.

Borrowers who were 60 days or more behind on their mortgage payments rose to 5.22 percent for the first three months of the year, TransUnion said. That's 62 percent higher than the 3.23 percent delinquency rate for the first quarter of 2008.

The TransUnion numbers show a smaller percentage of people behind on their payments than recently released data from the Mortgage Bankers Association, which said 12 percent of mortgage holders were past due in the first quarter.

TransUnion tracks delinquencies based on two skipped payments because that's a strong predictor of foreclosure, said Keith Carson, a senior consultant in TransUnion's financial services group. "The reality is if you send in your mortgage payment and it's four days late, that's past due," he said. "The 60-day number we feel is more significant."

"Coming up with two house payments at once is pretty difficult for most families," Carson observed.

Nevada, Florida, Arizona and California continue to be the hardest-hit states, while North and South Dakota, Alaska and Wyoming remain the states with the lowest delinquency rates.

Hawaii saw the biggest increase in delinquencies from the fourth quarter of 2008 to the first quarter of 2009, with a 35.5 percent jump. Carson said that increase likely reflects the impact the recession is having on tourism in the Aloha State. Hawaii's unemployment rate jumped from 5.1 percent in December to 7.1 percent in March, according to the federal Department of Labor.

If there is any positive news coming out of TransUnion data for the first quarter, Carson said it's that the rate of increase for mortgage delinquencies is slowing a bit. Combined with a big jump in consumer confidence last month, there are some signs things are improving.

However, he said if unemployment continues to rise, another wave of mortgage problems could follow. TransUnion currently predicts that about 7 percent of mortgages will be at least two months behind payments by the end of the year.

While delinquencies rose in the first quarter, so did the average amount of mortgage debt per borrower, TransUnion data showed. The average reached $195,500, up about 2 percent from $191,917 last year. That may reflect people taking advantage of the depressed market to upgrade to larger homes, he said, along with seasonal shifts. More homes are sold in the March to August period because families tend to avoid moving during the school year.

TransUnion delinquency data is culled from its database of 27 million consumer records.

Copyright 2009 The Associated Press.

Firm: Median Californian home price up 7 percent

MRECB1 — Wed, 29 Jul 2009 18:31:00 GMT

LOS ANGELES (AP) — The median home price in California jumped 7 percent last month from May, as life began to return to the long-sluggish market for high-end homes, a tracking firm said Thursday.

The statewide median price jumped to $246,000, up from $230,000 in May, marking the second consecutive month of increases, MDA DataQuick said.

Last month's figure, however, was down 25 percent from $328,000 in June 2008.

DataQuick also said 44,167 homes were sold statewide last month, up more than 13 percent from 39,051 in May and nearly 26 percent from 35,202 in June 2008. The figures marked the 12th consecutive month that sales have increased on a year-over-year basis, the firm said.

DataQuick president John Walsh said thawing credit markets were allowing more borrowers to close deals on homes, especially in higher-end neighborhoods where sales have been slow.

"We're just now seeing the beginnings of more normal mortgage lending patterns," he said. "There's still a long way to go, but it looks like the worst of the grind is over."

In a nine-county area of Northern California, the median home price increased more than 3 percent, reaching $352,000 in June from $341,500 in May. It was the third month in a row that prices increased.

DataQuick said 8,644 homes were sold in that region in June, the highest monthly number in almost three years. The figure was up more than 16 percent from 7,447 in May and more than 20 percent from 7,178 in June 2008.

In Southern California, the median price surged more than 6 percent to $265,000 in June from May. Home sales in the six-county area climbed to their highest level in 30 months.

Foreclosures statewide accounted for about 46 percent of home sales, making June the first month since August that foreclosures accounted for less than half of all the transactions.

Copyright 2009 The Associated Press.

New home sales soar 11 percent in June

MRECB1 — Wed, 29 Jul 2009 18:30:00 GMT

WASHINGTON (AP) — New home sales soar 11 percent in June; largest monthly increase in nearly nine years.

Copyright 2009 The Associated Press.

Cities and citizens try to reclaim vacant blocks

MRECB1 — Wed, 29 Jul 2009 18:26:00 GMT

LOUISVILLE, Ky. (AP) — David Brown Kinloch could have lived elsewhere, but he chose to move into an abandoned home in a distressed Louisville neighborhood that others were leaving in droves.

In the 25 years since, Brown Kinloch has seen the Phoenix Hill neighborhood transformed from unsightly rows of vacant homes where crime flourished into a model of urban renewal. Under the stewardship of an active neighborhood association, new homes sprung up on weed-infested lots and boarded up houses were renovated. A small park and a communal vegetable garden offer green space.

"We were told that you couldn't build new housing inside the old city of Louisville," said Brown Kinloch, a renewable energy developer. "We proved that not only could you do it, if you made them affordable ... they'd sell right away. And they did."

Grassroots strategies to reclaim distressed neighborhoods are taking hold in cities across the country, including Cleveland, Philadelphia, Pittsburgh and Detroit. Fighting to reclaim neighborhoods blighted by blocks of decaying and neglected vacant homes, community groups and governments are working together to buy up lots, tear down buildings, create parks and court business to make neighborhoods safer and more welcoming.

But it's an uphill battle.

More than 1.2 million residential properties went into foreclosure in 2008, according to an estimate by Alan Mallach, a nonresident senior fellow with the Brookings Institution. The surge has spun off a vast inventory of bank-owned properties. The combination has caused housing prices to nosedive and can be a contributor to more crime and lower tax revenues.

The National Vacant Properties Campaign, funded by private and government grants, has been part of the fight. The group offers guidance to help cities, counties and states reclaim vacant properties.

It estimates the number of chronically vacant properties is in the millions. And the short-term outlook for a drop in vacant lands is bleak with millions more homes expected to go into foreclosure in coming years. Even in Louisville, several thousand abandoned structures or vacant lots dot some neighborhoods.

"There are just too many forces working in the system for anybody to expect a turnaround in the rate of foreclosures ... anytime soon," Mallach said at a recent conference in Louisville.

Still, there are many local success stories.

In Pittsburgh, the demolition budget has more than doubled for the purpose of razing condemned blights. It's a big task in a city with about 6,000 vacant buildings along with some 24,000 vacant lots. About 1,400 structures have been condemned, with more added daily.

One initiative gaining a foothold is called Green Up Pittsburgh that converts vacant properties into green space. The city offers horticultural consultants for soil testing and provides funding for initial pl antings. A team of city public works employees helps maintain the property along with a corps of volunteers.

So far, more than 100 abandoned weed-filled lots have been turned into urban farms, community gardens and the like, with hundreds more projects planned. More than a patchwork approach, the initiative is seen as a larger strategy to improve neighborhoods being dragged down by a rash of abandoned lots with no prospects for development.

"It's one thing to change one corner, but if you can actually create a green corridor and a green pathway throughout the entire neighborhood, the impact is much greater," said Kim Graziani, the city's director of neighborhood initiatives.

In Cleveland, another Rust Belt city reeling from the number of foreclosures, local officials are striving to revitalize vacant land in an initiative called Re-imagining a More Sustainable Cleveland. The Ohio city had more than 18,000 vacant parcels at the start of 2009. For some empty parcels, the goal is to return it to residential or commercial use.

The improvements are more than an economic issue, said Freddy Collier, chief planner with the Cleveland Planning Commission. "It's a public health and social question as well."

Some communities also are turning to land banks to help manage the flood of idled property. Land banks are public authorities created to manage and develop tax-foreclosed property. And land banks can enable communities to pursue more strategic approaches to development.

"If you can pull together larger blocks of land, then you have a real asset to offer to developers," said Conan Smith, executive director of the Michigan Suburbs Alliance, an organizing group for inner-ring suburbs of Detroit.

In Philadelphia, two surveys done 10 years apart showed signs of marked progress in dealing with vacant houses in the Southwest Center City neighborhood. The follow-up survey in 2008 indicated that 90 percent of the once-vacant houses counted in the 1998 survey had been improved in some manner. Some structures were fully renovated with new residents while others were razed to create development-ready open space.

"This has become a hot neighborhood," said John Kromer, a senior consultant with the Fels Institute of Government at the University of Pennsylvania.

Kromer, a former Philadelphia housing director, credited a 10-year property tax abatement program and the formation of a downtown management organization as factors behind the rowhouse neighborhood's rebound.

The abatement offered tax relief on the increased market value of an improvement. For example, if a new house was built on a vacant lot, the property taxes owed for 10 years were based solely on the land.

The management group imposed an assessment on each property in the area, and the money aided in efforts to clean up the neighborhood and improve public safety, Kromer said.

In Louisville, the local neighborhood association played a key role in the turnaround of the Phoenix Hill neighborhood. The group has matched up developers with available properties, and in the past was even more involved by buying up vacant or abandoned property and arranging for the development and sales.

"We have what we call a missing tooth policy," said Brown Kinloch, a member of the neighborhood association's board. "We go around and see which are the missing teeth on a block — the ones that bring down the value of the whole block — and try to work with those houses and find a creative solution."

Brown Kinloch, 53, bought his house for $7,120 a quarter century ago. He renovated the abandoned camelback-style home — featuring one story in the front and two in the back — and it's now valued at about $110,000.

That's not to say problems have vanished in the neighborhood. Poverty persists, and the neighborhood group would like to see more home ownership, though it doesn't discourage renters.

Crime is down, however, and perceptions of the neighborhood have changed for the better, he said.

Other signs of renewal have taken root — houses on the market usually sell quickly, he said, and the neighborhood has become a popular path for joggers.

Copyright 2009 The Associated Press.

Your Money: Real estate from financing to schools

MRECB1 — Wed, 29 Jul 2009 18:21:00 GMT

It looks like the real estate market is beginning to repair its foundation. New home sales in June posted the fastest increase in more than eight years as buyers took advantage of bargain prices, low interest rates and a federal tax credit for first-time homeowners.

With all this activity, there are plenty of real estate estate concerns you may be wrestling with. For instance, if you're still on the fence, where can you find out more about the terms of the homebuyer tax credit? If you're considering a move and you have children, you're likely researching school districts, too. There are some good resources to turn to compare districts, taxes and student-teacher ratios.

And then there's the common question about when it makes sense to pay off a mortgage rather than continuing to make payments. AP personal finance writers tackle those questions in this installment of "Your Money." If you have a question you want answered, e-mail it to yourmoney(at)ap.org.

__________

Q: What's the best way to find out about first-time homebuyer programs that offer financial assistance?

A: A good place to start is the Web site of the U.S. Department of Housing and Urban Development. It has a variety of useful information for homeowners as well as a link by states of its housing counseling agencies that can provide advice on purchasing a home and brief you on homebuyer programs: www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm.

A reminder to move fairly quickly if you want to take advantage of the federal break for first-time homebuyers. Under that program, included in the economic stimulus plan, those who haven't owned a home for at least three years are eligible for a tax credit of 10 percent of the value of the home, up to $8,000, if they purchase a home by Dec. 1.

Besides the federal tax credit, a number of state housing finance agencies offer related or additional programs. Colorado, Delaware, Idaho, Missouri, New Jersey, New Mexico, Ohio, Pennsylvania, Tennessee and Washington were the first states to offer bridge loans of the $8,000 tax credit for a down payment. The list has been growing — check the Web site of the National Council of State Housing Agencies' Web site at www.ncsha.org/section.cfm/3/34/2920 for details.

Numerous local government and nonprofit programs also may be available, depending on location. The National Association of Realtors advises checking with a realtor to learn about available resources in a given area.

— Dave Carpenter

__________

Q: If I'm looking for a home in a good school district, what's the best resource for current information?

A: There are many resources available to research school districts you may be considering. It depends largely on whether you're focusing on the level of taxes you'll pay on you new home — and that can vary widely from one district to another — or whether you're looking at the quality of the school and its programs.

One resource to consider is www.greatschools.net a Web site that allows you to do your own research. It offers a tool that will help you compare districts. The site will rate school districts based on standardized test results and give you a brief profile of the district, listing median household incomes, home prices, cost of living, unemployment rates and violent crime rates.

There also are tips for how to research schools and compare them with helpful advice like a checklist of things to look for when visiting a prospective school.

You may also want to check out some of the tools and searchable data at the National Center for Education Statistics at nces.ed.gov where you can find data on states or even a school district mapping tool, which allows you to drill down to find population and housing details including median housing values, for example. It also gives you teacher numbers, school district revenue and other financial data for comparison purposes.

— David Pitt

__________

Q: When does it make sense to pay off a mortgage, rather than continuing to make monthly payments?

A: The first consideration is whether you truly have enough to pay off your mortgage. Try to anticipate scenarios where you might want that cash, such as for college, a new car or other big ticket purchases.

Beyond that, you would evaluate it like any other investment decision. How would you put the money to work if you didn't pay off your mortgage? Would that alternative reap a greater return?

One advantage of paying off your mortgage is that you know exactly how much you'll be saving — the interest rate on the loan after taxes. Investing in the stock market could very well be more lucrative, but it doesn't come with any guarantees. Your earnings would depend in large part on how long you invest the money and the market conditions in that period.

"That's why it's not a slam dunk. It depends on the economic situation," said Steven Weinstein, president and chief investment officer for Altair Advisers, an investment consultant in Chicago.

If you have a 30-year mortgage at a fixed interest rate of 5 percent, for instance, you'd be saving 5 percent on the money by paying it off. Based on historical trends, you would likely earn more than that by investing in the stock market over 30 years. But the prospects get dicier over shorter time spans.

— Candice Choi

Copyright 2009 The Associated Press.

Mortgage rates fall for 2nd-straight week

MRECB1 — Wed, 29 Jul 2009 18:17:00 GMT

McLEAN, Va. (AP) — Average rates for 30-year mortgages fell for the second-straight week, but still remained above record lows reached earlier this year, Freddie Mac said Thursday.

The average rate for a 30-year fixed home loan was 5.2 percent this week, down from 5.32 percent last week, Freddie Mac said. At this time last year, the average rate for a 30-year fixed mortgage averaged 6.37 percent.

Rates on 30-year mortgages fell to a record low of 4.78 percent earlier this year, spurring refinance activity.

But rates then rose as high as 5.6 percent in June after yields on long-term government debt, which are closely tied to mortgages rates, climbed as investors worried that the huge surplus of government debt hitting the market could trigger inflation.

Since then, the yield on the 10-year Treasury note has fallen back from an eight-month high of 4.01 percent reached in June to 3.38 percent on Thursday.

Frank Nothaft, Freddie Mac's chief economist, said rates for 30-year fixed-rate mortgages fell for the second week in a row to the lowest level in six weeks "amid market concerns over a weakening labor market."

"The weak employment situation coupled with declining home values in many markets has added to greater defaults on home equity loans and lines of credit," Nothaft said.

The American Bankers Association reported that the number of home equity loans that were 30 days or more delinquent rose to a record high of 3.52 percent in the first quarter, Nothaft noted.

Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.

This week, the average rate on a 15-year fixed-rate mortgage fell to 4.69 percent, down from 4.77 percent last week, according to Freddie Mac.

Average rates on five-year, adjustable-rate mortgages were 4.82 percent, down from 4.88 percent a week earlier. Rates on one-year, adjustable-rate mortgages fell to 4.82 percent from 4.94 percent.

The rates do not include add-on fees known as points. The nationwide fee for 30-year and 15-year fixed rate mortgages averaged 0.7 point, while the fee for five-year and one-year adjustable rate mortgages was 0.6 point.

Copyright 2009 The Associated Press.

June new home sales rise 11 percent

MRECB1 — Wed, 29 Jul 2009 18:13:00 GMT

WASHINGTON (AP) — New home sales in June posted the fastest increase in more than eight years as buyers took advantage of bargain prices, low interest rates and a federal tax credit for first-time homeowners.

While home prices are still falling, the figures released Monday were another sign the housing market is finally bouncing back. Earlier this month, the government reported that new home construction rose to the highest level since last fall. And data out last week showed home resales rose almost 4 percent in June, the third straight monthly increase.

"The worst of the housing recession ... is now behind us," said David Resler, chief economist at Nomura Securities. "We're turning the corner toward increased activity in housing."

New home sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000, the Commerce Department reported Monday.

Shares of big homebuilders soared on the news, with Beazer Homes USA up by more than 13 percent and Hovnanian Enterprises rising 8 percent in afternoon trading. But with home prices still falling, these companies won't be making much money anytime soon.

The median sales price of $206,200 was down 12 percent from $234,300 a year earlier and off nearly 6 percent from $219,000 in May.

In addition to lower prices, buyers are rushing to tax advantage of a federal tax credit that covers 10 percent of the home price or up to $8,000 for first-time buyers. Home sales need to be completed by the end of November for buyers to take advantage.

"The window of opportunity is closing," said Bernard Markstein, senior economist for the National Association of Home Builders.

June's results were the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 360,000 units. The last time sales rose so dramatically was in December 2000.

There were 281,000 new homes for sale at the end of June, down more than 4 percent from May. At the current sales pace, that represents 8.8 months of supply — the lowest level since October 2007. If that number falls to just over 6 months, analysts say, builders will feel more comfortable ramping up construction.

Fallout from the housing crisis has played a central role in the U.S. recession, now the longest since World War II. Foreclosures have spiked, homebuilders have slashed construction, and financial companies have lost billions.

But it will still be a while before homebuilders turn into an engine for the economic recovery. Construction levels are still weak because builders still have too many unsold homes sitting vacant.

Copyright 2009 The Associated Press.

SoCal median home price jumps 6.4 percent

MRECB1 — Wed, 29 Jul 2009 17:14:00 GMT

SANDIEGO (AP) — A real estate tracking firm says the median price of ahome in Southern California surged 6.4 percent in June from May to thehighest level in 30 months.

MDA DataQuick of San Diego says the median pricein the six-county area hit $265,000 last month, an increase over theMay figure of $249,000.

The figure was down 26.4 percent from $360,000 a year ago.

DataQuick attributes the jump to an increasingnumber of deals above $500,000, as buyers responded to price cuts andfound it easier to secure financing.

DataQuick says more than 23,000 homes closed escrow in June, an increase of 12 percent from May and 29 percent from a year ago.

Foreclosures comprised 45.3 percent of resales last month, down from 49.7 percent in May.

Copyright 2009 The Associated Press.

Best Buys and Motivated Sellers - Update 6/21/2009

MRECB1 — Sun, 21 Jun 2009 08:00:00 GMT

Best Buys

Sierra Manors #65 – Short Sale

2Bd+Large sleeping loft/2Ba

$228,600 - End unit, South facing with lots of room on the Sierra Manor Road side so it’s easy access to shuttle, restaurants, bars and shopping but away from the traffic noise of Old Mammoth Road. A spa is located directly in front of the unit. Community also offers pool, multiple spas throughout and a recreation room. Just listed – Photos to come shortly.

2018 Lodestar Drive – Short Sale

4Bd/4.5Ba

$1,500,000 - Beautiful, custom designed “Gold Rush Inspired” home on the 4th fairway of Sierra Star Golf Course. Exclusive, 9-lot neighborhood. Home theater, recreation room, office, multi-level living area. Heated, enclosed deck for winter barbecuing, Jacuzzi, fire pit in back yard. Sold as is.

106 Kelley Road – Foreclosure

3Bd/3Ba

Terrific architectural design. 3 Br 3 Bath home on shuttle route. Large sunny deck, two car garage. One bath is unfinished, but otherwise, the home is ready to move in. Make it yours for only $599,000.

Mammoth Creek Unit 51 – Foreclosure

2Bd/2Ba

Lovely and bright 2 BR 2 Bath condo near the creek. Newer appliances, renovated kitchen and baths. Only $290,000! This won't last.

Forest Creek, Unit 29

2Bd/3Ba

Terrific buy. Only $289,900 for a 2 BR 3 Bath end unit, south facing with private spa on private deck. Motivated seller says, "Bring us an offer".

Mountain Shadows Unit E-8

1Bd+Loft/2Ba

$279,000 - Loft design includes private bedroom and separate area for bunk beds.
Large, locked owners closet upstairs. South facing, lots of sun.

Mountainback #87

3Bd/3Ba with 1850 sq ft

$645,000 - Completely remodeled w/ high end appliances, fixtures, countertops, cabinets, electronics, hardwood flooring. This condo is move-in ready and would have great rental income potential with fabulous mountian views.

Mammoth View Villas #42.

2Bd+Loft/2Ba

$345,000 –Lowest priced 2+Loft unit at Mammoth View Villas by more than $100,000. Prime for remodel; original but clean and furnished. Close to hot tub, sauna and clubhouse. This is 2003/2004 pricing.

Mammoth View Villas #19

2Bd+Loft/2Ba

REDUCED to $335,000 -- Open floor plan from kitchen through the dining area to the living room. Located on the front row so bedrooms and extra large reinforced deck look at trees and some mountain views. Being sold furnished with some exclusions. Walk to the Westin pool parties in the summer and to the gondola for winter skiing. Some seller financing available. Great rental.

77 Lupin St

2Bd+Loft/2Ba

$369,000 – Short sale, Priced to sell

Bigwood #9

1Bd/1Ba PLUS a Garage

$165,000

Mammoth Slopes III Lot 78 (Single Family)

3Bd/2Ba Log Cabin

$525,000

321 Forest Trail (Single Family) - Short Sale.

2bd+Loft/1Ba

Across the street from Forest Service land. Approx. 1020SF, lot is approx. 7379SF. Asking $390,000.

Lakeridge Bluffs #12

Vacant Land

Listed for $174,900. Best priced lot in the subdivision! Exceptional views of Crowley Lake and the surrounding mountain range.

Sierra Manors #106

1Bd + split loft/1Ba

Listed for $225,000; Spacious east facing unfurnished condominium. New tile in entry and kitchen countertops; plenty of room for the whole family!

Summit I, Unit F-25

1Bd/1Ba

Llisted at $249,500; Bright & cheerful well furnished one bedroom unit just a short walk to ski slope and Eagle Lodge!

View Lot on Rusty Lane

.23 Acres

$249,000 - Excellent Value for view lot in Mammoth. Views of Mammoth Mt and Sherwins are possible. Easy access off Forest Trail and close to Village

Tennis Village #5 – IN ESCROW

3Bd+Loft/3Ba

REDUCED to $585,000 + Seller to pay 12 Months of HOA fees for buyer - SLEEPS 10, GREAT RENTAL. ACROSS FROM THE GOLF COURSE. Now more than $289,000 less than what seller paid.

Wildrose #8

1Bd/1.5Ba + Bonus Room

$279,000

Ski Trails #31

3Bd/2Ba

$39,900 - REDUCED!!! Cheaper than rent! Clean as a whistle!

Woodlands #51 – IN ESCROW

2 and Loft.

Unbelievably beautiful with a price to match! Only $350,000. Custom kitchen and baths. Stainless appliances. Don't delay.

Sierra Springs Lot 61 (Single Family Home)

6Bd/4Ba

$1,145,000 - 5,100 square feet! This is one of the most beautiful homes in Crowley Lake. Stunning, majestic views from each and every room. 12’ ceilings downstairs! Incredibly landscaped with lawn, trees, flowers and 2 separate waterfall ponds. Separate large garage for toys and equipment.

115 Carter (Tamarack) Street, Old Mammoth

3 Bedrooms, 2 1/2 Baths, Hobby Room, Two Car Garage

Affordable. Qualifies for new financing programs with lower interest rates. , Huge Yard. Walk to the meadow. ONLY $599,000.

Juniper Ridge Lot 22

Prestige and Privacy. Priced a million dollars below the lot next door. One of the last un-built lots in this ski-in, ski-out neighborhood. Incomparable views. Borders Forest Service land. $1,995,000.

Summit II #239

1Bd/1BaAsking

$179,900. Walk to Eagle Lodge from this upgraded 1 bedroom, light and bright condo. This is a short sale offering.

1849 I #409

3Bd/3Ba

Asking $599,000. Offering 1,678 square feet and sellers are paying for entire $108K assessment for exterior remodel! This price is back to 2003!

Crowley Lake - Sierra Meadows II Lot 4

$199,900 – This is one of 10 lots in Sierra Meadows Phases I and II, in an area of newer homes. Mountain views all around, potential lake views from some lots. Owner Financing is Available.

Heritage #201

2Bd+Loft/2Ba

$259,900 Lowest priced 2+L/2bath in Mammoth offering 1,111 square feet.

Villa de los Pinos #33

4Bd/2Ba

$425,000 Ccentrally located with 1700 square feet! Motivated sellers!

22 Beaver Trail

4Bd/2Ba with a 2 Car Garage

Warm South facing orientation Walk to Village and Westin REDUCED to a mere $759,000

515 S. Landing Space #2 (Crowley Lake)

3Bd/2Ba

REDUCED AND....Seller will pay one year of space rent for the buyer.$54,900 - Hardwood and tile throughout. River rock facade and stone patio with a picket fence. Beautiful setting, with lake and mountain views. All new appliances, FAU, EPA woodstove.

St. Moritz #14

2Bd+Loft/2Ba with a Bonus Loft (1339sqft)

$359,900 - Great rental property. Seller offering a one year HOA credit worth $6600! Pool, Jacuzzi, Game Room, Pool Tables

493 Joaquin #A

3Bd/3Ba and 1 Car Garage

$619,900 Built in 2005 with garage, granite and slate, and big views of Mammoth Mountain.

The Bridges T-6

4Bd+Loft/4Ba - 1 Car Garage

$999,000 - It is very rare to see one of these properties come on the market. Incredible views all the way to Crowley Lake and ski slope access.

Paradise: 4986 Westridge – IN ESCROW

3Bd/2Ba + 2 Car Garage

$375,000 - Fabulous views, 30 min from Mammoth. 3-2 basement/gameroom, workshop, 2 car garage.

As of 6/20/2009

FOR MORE INFO - CALL 1-800-266-6966 OR Email Info@MammothRealEstate.com

Tioga Road to Open May 20

MRECB1 — Tue, 19 May 2009 17:57:00 GMT

Tioga Road - State Highway 120 will open for the season on Wednesday, May 20, 2009 at 10:00 a.m. for all vehicle traffic. No commercial services are available along the road; however, there will be gasoline available 24 hours per day (credit cards only). Additionally, the Tuolumne Meadows Campground, other campgrounds along the corridor, and the Tuolumne Visitor Center will remain closed. All visitor services, including the campgrounds, store, gas station, etc. will open over the next several weeks.

Visitors who are planning to visit Yosemite National Park over the upcoming Memorial Day weekend are urged to take extra safety precautions, especially along the Merced River.

With the current warm weather and accelerated snowmelt, the river is running fast and water temperatures are very cold.

The park is expecting a very busy weekend. Visitors to Yosemite Valley are urged to take the free Yosemite Shuttle Bus to help with traffic congestion over the weekend. Visitors should remember that the busiest part of the day to enter the park is during the lunchtime hours. Short delays at entrance stations and heavy traffic within the Valley should be expected.

Please call the Mammoth Lakes Welcome Center for additional information at (760) 924-5500.

Mammoth Mountain Extends Season

MRECB1 — Mon, 18 May 2009 15:09:00 GMT

Mammoth Mountain Extends Season Ski and ride up to June 14, 2009 and possibly longer at Mammoth Mountain. With nearly 40 feet of snow, and a 5-10 ft. base, sensational spring conditions prevail once again at Mammoth.

Spring Fest

Spring Fest continues at Mammoth Mountain thru May 31, 2009 so grab your gear and enjoy tons of sun and great spring skiing and riding with $69 lift tickets!

Ski & Golf

Visitors to Mammoth on Memorial Weekend will be able to Ski and Golf at either Sierra Star - Mammoth's only 18-hole golf course, or the fabulous Ted Robinson designed 9-hole Snowcreek Golf Course.

Planning moves forward with Mammoth Crossing

MRECB1 — Mon, 18 May 2009 15:05:00 GMT

Planning moves forward with Mammoth Crossing
By Catherine Billey
Mammoth Times Staff Writer

An open house at the Mammoth Crossing Development (MCD) offices on April 28 was harbinger to an informational presentation that developer Doug Regelous will make for the planning commission May 13.

MCD proposes a combination of resort lodging and visitor-oriented commercial development with some ground floor retail at three of the four corners of the Minaret Road and Main Street intersection within the North Village Specific Plan area.
Planning in the current economic climate is particularly difficult. “The earth is moving under everyone. And it’s so difficult to try to comprehend what the world might look like 12 months from now,” Regelous said.

The open house attracted a good cross-section of the community who availed themselves of refreshments while taking a gander at conceptual renderings of the proposed project.

“We actually had 65 people sign in, and I’m quite sure there’s more than that who didn’t, so I’m guessing 75 to 80,” said manager Mark Deeds.

Regelous said that 260 groups and individuals had been invited to the open house. “We will be inviting those same people to the May 13 planning commission meeting,” he said.

“Interestingly enough, it is the first time that this long-imagined and often-discussed corner will make a public appearance. We’re looking to put for the first time the underlying concept and proposed program for the three corners in front of the planning commission and the community.”

Conceptual renderings at the open house by Paul Merrick Architecture reflected the strong mountain architecture desired by the town for future development.
“We’re moving forward in this process simply to obtain an amendment to the North Village Specific Plan,” Regelous explained. “This is just to get us positioned so that we can begin to design a building.”

The current North Village Specific Plan, as it pertains to Mammoth Crossing site, has them at 48 rooms per acre.
“We simply want to amend it so we are at the same density as everything else in the North Village [80 rooms per acre]. We’re not asking for more than what’s already there.”

According to senior town planner Ellen Clark, the most controversial aspect of the Mammoth Crossing project involves this request for increased density (up to 80 rooms per acre aggregate across the site) and height (from 35 feet up to 103 feet).
At the last public hearing on proposed development on Sept. 10, 2008 (pertaining to the draft EIR), criticism abounded – primarily from Fireside Condominium residents who said their views and lighting would be impacted.

Since then, Regelous said he has held meetings with Fireside and other homeowner association groups in the immediate neighborhood of the proposed project.

“We were always meeting with them. We are great believers in the public information sessions,” he said.
Although he doesn’t anticipate their taking issue with the Mammoth Crossing proposal, inevitably some individuals will. “We will do everything we can to accommodate their concerns and address them.”

The 2007 General Plan identifies the areas of town that are more accommodating of increased density than others. Mammoth Crossing is proposed in the resort corridor where such density nodes are deemed appropriate.

The next series of public hearings will take place in June at the planning commission, moving on to town council by August, Clark predicted.

In the meantime, the May 13 informational presentation at the planning commission will begin the dialogue with the community.
“It’s a chance for the commission and the public to be reintroduced to the project, since it’s been out of the spotlight for a while,” Clark confirmed. “It’s certainly not a hearing on the project. It’s a study session or workshop just to review.”