RESEARCH / REAL ESTATE 101

Information on the real estate process, local and national real estate market research and statistics.

Sellers in Mammoth are in a unique position at this time to sell Mammoth property.  The property is inevitably worth more than when it was bought 5, 10, 20 years ago.  The market was showing approximately 10% appreciation each six month period on average.  Since Summer of 2006, prices have softened and it's more of a Buyer's market now.

         The October 2005 announcement of the sale of Mammoth Mountain Ski Area to Starwood Capital further fed the fury to purchase in Mammoth real estate as well as an attribute to the rising appreciation in real estate values at that time.  Prices have leveled out to where they were about 1 year ago. We expect this trend to continue fairly steady until another major announcements about the Vision Statement for the mountain.

     We are certainly in a buyer's market in Mammoth CA right now.  Sellers can hold on to their property and ride the escalating market values in the long run but short term, we are seeing about a .5%% drop in price per month.  It's mostly dependent on your selling strategy.  In other words, what is motivating you to sell and what are your plans after selling?  Do you have a time frame in which you want to sell? Do you have a bottom line figure that you need to net from the sale?

     Once you've thought about your own motivations for selling, make sure to consult with your financial and/or legal advisors for any tax or legal consequences to the sale of your property.  It's always best to get this out of the way upfront so as not to impede immediate offers received once your property is listed for sale.    As a local resident, I can be of assistance with many of the things you may need coordinated through the listing, offer, escrow and closing stages.  Since my arrival in Mammoth, I have worked in the real estate industry with several local brokers and agents which means I have established relationships with my peers who work with the buyers who will make offers on your property.  I am also familiar with the local processes and vendors (ie: title company, escrow companies, appraisers, home inspectors, home warranty companies, etc.) used from listing to escrow to closing.

     There are many links included to help you learn about the real estate selling process.  If you have any resources to share, let me know and I'll add them to the site.  Also, if there is information you are looking for and are not able to find, let me know and I'd be happy to help.