Mammoth Real Estate News Blog

In February, the market remains strong for Buyers. In fact, there are many listings priced below the last comparable sale. If you believe in the long term potential of the Mammoth real estate market, you’ll see what’s happening as a great opportunity.

With inventory continuing to climb and interest rates remaining good, there’s no time like the present to make a purchase if you’ve been considering it over the last couple years. Once prices change direction and start heading back up, inventory selection will decline and Sellers will have the upper hand again.

Now if the questions is “Will the market really bounce back?”, you have to consider the overwhelming confidence of Barry Sternlict of Starwood Capital who spent $365 million on the purchase of Mammoth Mountain Ski Resort and the local real estate holdings. A recent press release stated that a new six star hotel residence brand called Crillion will be in unique locations such as “…Mammoth Mountain, the recent purchase by Barry Sternlict of Starwood Capital…” ( Read Press Release from PR Newswire)

There is also “1″ hotel, the south condo-hotel project to be built on the east side of Minaret across from The Village at Mammoth. This new concept is to be built to high environmental standards and with little impact on it’s surrounding area. (Read Press Release on 1 Hotel)

Then there is the ongoing soap opera commonly referred to as “Mammoth Yosemite Airport”. Although making progress, understandably many are hesitant to place too much confidence in any specific dates of when service will begin. For the latest update, read the recent Town Newsletter (Recent Town Newsletter from Town Manager at the bottom of page 1).

In the private sector, there are many projects in various phases with the Planning Department. Some of the major projects include Mammoth Lodestar, South Hotel, Clearwater, Hidden Creek Crossing and Snowcreek VIII which includes a village-like setting. For more details on these projects Visit the Community Development Dept.

Bottom line is that the Mammoth real estate market still has room to grow but that room is limited and once it’s gone, that piece you own (or could have owned) becomes very precious and valuable because it cannot be duplicated or expanded. A premium unique location can hold tremendous value over time. It’s an investment as well as providing personal enjoyment, there’s no sacrificing one for the other in Mammoth.