Foreclosures & REO's - Mammoth Lakes, California

UPDATED 3-9-2010

Call/email Dennis & Tara for more details on 3 upcoming Mammoth Lakes Foreclosures/REOs.

CURRENT FORECLOSURES/REO'S IN MAMMOTH LAKES

HOUSES:

249 St. Anton: ACTIVE. Re-Listed for $627,000 on 3-9-10. Beautifully remodeled home in The Knolls. 3 bedrooms, 2 bathrooms, 2-car garage, loft above kitchen, and large deck. Forced air heating (no fireplace), upgraded flooring and kitchen. Approx 1715 sqft. Offered As-Is. (Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth. Marketing agents - Dennis Cox and Tara Peterson.) VIDEO: YouTube walkthrough video showing the furnishings which are not included: http://www.youtube.com/watch?v=9RAsE5x3_XE.]

25 Joaquin (6-Plex): ACTIVE. Listed for $629,500 on 2/26/10. Multi-Family building with 6 units. Built in 1955, approx 5902 sqft total, three units are 1-bed/1-bath, one unit is 2-bed/1-bath, one unit is 2-bed/2-bath, and the last unit is 3-bed/2-bath. Three garage spaces. Listing courtesy of Stacey Bardfield, Mammoth Sierra Properties.

737 Forest Trail: ACTIVE. Listed for $348,100 on 2/25/2010. 3 bedrooms, 2 bathrooms, 2-car detached garage on lower Forest Trail. House built in 1963, on approx. 0.19 acre lot, house is approx. 1291 sqft. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

127 Zurs Ct.: IN ESCROW. Listed for $995,000 on 2/10/2010. 4 bedrooms, 5 bathrooms backing up to Forest Service land in The Knolls subdivision. Approx 5857 sqft, built in 1972 but recently remodeled, on 0.21 acre lot. Listing courtesy Sylvia Bouzaglou, Mammoth Realty Group.

2055 Old Mammoth Road: ACTIVE Reduced to $314,900 on 3/5/10 (4.5% reduction). Listed on 1/27/2010 for $329,900. 1 bedroom + loft / 1 bath in Old Mammoth. Situated on an approximately 10,000 square foot lot with aspens. Upgraded including granite counters in kitchen, tile floors throughout, forced air heat, upgraded bathroom. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

108 Mono Street: ACTIVE Reduced to $220,689 on 2/2/10. Reduced to $232,304 on 1/12/2010. Reduced to $244,530 on 12/23/09. Listed on 12/3/09 for $257,400. 2 bedroom / 1 bath cabin on multi-zoned lot. House MAY encroach on neighbor's property. Sold AS-Is. (Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.) View a walkthrough video here: http://www.youtube.com/watch?v=rXEcVcfRIsk.

76 Rusty Lane: IN ESCROW (Pending 1/21/2010) Reduced to $426,900 on 12/22/09 (6.6% reduction). Listed on 11/25/09 for $456,900. 3 bedroom + loft / 2 bath with a 2 car garage. South facing on an upsloping lot. Hardwood floors throughout. (Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.)

800 Bridges Lane: IN ESCROW (pending on 1/22/2010) Reduced to $1,319,900 (total of 15% reduction). Reduced to $1,439,900 on 12/9/09 (7% reduction). Listed on 11/6/09 for $1,549,900. Beautiful custom home with stunning views in the prestigious Greyhawk subdivision. Approximately 5,376 square feet including 3 bedrooms / 3 bonus rooms / exercise room / 4.5 baths. Features an indoor pool and hydronic in-floor heating. Stunning panoramic views. (Listing courtesy of Stephanie Cook, MRG.) Email Dennis or Tara today!

CONDOS:

Summit #290: ACTIVE. Listed for $164,875 on 3/5/10. 1 bedroom / 1 bathroom condo in the "D" Building of Summit condominiums located across the street from Chari 15 / Eagle Lodge in Mammoth. Approx 748 sqft and HOA dues of $352/mo, this condo is sold as-is, unfurnished and without kitchen appliances. Listing courtesy of Bonnie Nott, Coldwell Banker Mammoth Real Estate.

Juniper Springs Lodge #330: ACTIVE. Listed for $364,900 on 3/4/10. 2 bedrooms, 2 bathrooms, approx. 869 sqft looking up hill towards the horseshoe courtyard part of JSL. HOA dues are $681/mo. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group. Email or call Dennis today! Offered furnished and with the 'gold upgrade' package with granite countertops.

Forest Meadows #13: ACTIVE. Listed for $169,900 on 2/23/2010. Bottom floor 2 bedroom / 1 bathroom condo in the 'Blue Roofs' complex behind Vons and next to the open space and paved trail south of Mammoth Creek Park. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group. Built in 1976, HOA dues $435/mo, approx. 880 sqft.

Juniper Springs Lodge #321: ACTIVE. Listed for $226,900 on 2/19/10. 1 bedroom / 1 bathroom, approx. 580 sqft, HOA dues are $607/mo. Does not have the gold upgrade (granite countertops). Last sales comp was unit #315 for $204,900. Listing courtesy of Stacey Bardfield, Mammoth Sierra Properties.

Grand Sierra Lodge #1121: AUCTION. Will be auctioned on March 19th. 2 bedroom, 2 bathroom, ADA compliant unit, ground floor facing the Village pool. Email Dennis for more info / pictures and how to register for auction. Listing courtesy of Sheldon Good & Co.

Mammoth West #109: IN ESCROW. Listed for $185,500 on 2/13/2010. 2 bedrooms, 1.5 bathrooms located right next to the Canyon Lodge parking lot. Approx 1151 sqft, built in 1971, sold unfurnished and in as-is condition. Listing courtesy of Stacey Bardfield, Mammoth Sierra Properties. HOA dues $663/mo.

Sherwin Villas #43: ACTIVE Reduced to $173,990 on 2/25/10 (10.3% reduction). Listed on 1/22/2010 for $193,990. 1 bedroom / 1.25 bath in the full amenity Sherwin Villas complex. Located along the shuttle route and within walking distance of downtown shops and restaurants (and Vons). (Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.)

Sierra Manors #57: IN ESCROW (on 2/12/10) Listed on 1/21/2010 for $193,050. Upgraded 2+loft / 2 bath at Sierra Manors. Just needs carpet and paint. In town location, on shuttle, walking distances to shops and restaurants. (Listing courtesy of Jeff Warwick, Coldwell Banker Mammoth.)

Mountainback 59: IN ESCROW (pending on 2/4/10) Listed on 1/13/2010 for $368,900. 2 bedroom / 2 bath in the well maintained Mountainback complex. Understructure parking, full amenities with spas throughout the complex. Located on the shuttle route. (Listing courtesy of Stacey Bardfield, MSP).

Chateau Blanc #22: IN ESCROW. Pending on 12/23/09. Listed on 12-18-09 for $319,900. 3 bedrooms, 2 bathrooms, recently remodelled townhome close to town. Approx. 1431 sqft, half of garage is a workshop, walk to red line ski shuttle. Sold as-is, a few doors are missing, sold unfurnished. (Listing courtesy of Sylvia Bouzaglou, MRG.)

1849 I #102: IN ESCROW (pending on 1/18/2010) Reduced to $369,900 on 1/11/2010 (5.1% reduction). Originally listed on 12/15/09 for $389,900. 2 bedroom / 2 bath + solarium. Full amenities include pool, spa, recreation area, understructure parking. Incredible location adjacent to Canyon Lodge. (Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.)

Westin Monache #315: ACTIVE Reduced to $200,000 on 2/23/2010. Listed on 12/14/09 for $214,900. Studio / 1 bath at The luxurious Westin Monache. Underground parking, elevator access, pool, spas, conference facilities, onsite restaurant/bar. Just steps down to the Village and Gondola. (Listing courtesy of Stephanie Cook, MRG.) All units have air conditioning.

1849 I #209: IN ESCROW (pending on 1/13/2010) Reduced to $408,900 on 1/13/2010. Reduced to $425,000 on 12/15/09. Listed on 11/12/09 for $448,000. 2 bedroom + new solarium in the newly renovated 1849 phase I. Just steps from Canyon Lodge! Remodeled kitchen. Approximately 1,200 square feet. Understructure parking and full amenity complex. (Listing courtesy of Stacey Bardfield, MSP.)

OTHER (MULTI-FAMILY, COMMERCIAL, VACANT LAND)

19 Rusty Lane: ACTIVE. Listed for $187,000 on 3/8/10. Approx. 0.23 acre lot in area behind post office. Gentle sloping lot and zoned residential single family.

CURRENT FORECLOSURES / REO'S IN SURROUNDING AREAS (CROWLEY, BISHOP, NORTHERN MONO COUNTY)

Crowley Lake House at 45 Larkspur Dr: ACTIVE. Reduced to $789,200 on 2/4/10. Listed on 1/14/2010 for $830,700. 5 bedrooms, 3.5 bathrooms, 3-car attached garage, approx. 5100 sqft in Sierra Springs neighborhood of Crowley Lake, about a 12 minute drive from Mammoth. Built in 2002 and approx 0.49 acre, this home has slate flooring, granite kitchen countertops and great views. (Listing courtesy of Jeff Warwick, CBMRE.) Call Dennis or Tara today.

June Lake House at 93 Aspen Grove Ln: IN ESCROW (Pending on 1/20/2010) Reduced to $690,000 on 1/13/2010. Reduced to $705,900 on 1/5/2010. Reduced to $767,900 on 12/10/09. Listed on 11/10/09 for $806,900. 4 bedrooms, 4 bathrooms, 3-car garage, built in 2006, approx. 3636 sqft. (Listing courtesy of Stephanie Cook, MRG.)

Whiskey Creek #6 (Condo in Crowley): ACTIVE. Reduced to $130,900 on 1/21/2010. Reduced to $145,000 on 12/16/09. Listed on 12/4/09 for $167,500. 2 bedrooms, 2 bathrooms, approx. 1000 sqft. HOA dues approx. $350/month. Built in 1982. Fresh paint, newer carpet. (Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.)

Lakeridge Bluffs lot #7 (Crowley): ACTIVE Reduced to $124,900. Listed on 10/23/09 for $123,000. Vacant lot in Crowley's Lakeridge Bluffs subdivision. Stunning views! This was one of the premium lot locations in the original release. (Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.)

Mountain Meadows (Crowley) #22: IN ESCROW (Pending on 1/12/2010) Reduced to $219,900 on 11/17/09. Listed on 10/16/09 for $246,400. 3 bedroom / 3 bath townhome with attached 2-car garage. Many upgrades. Just 12 minutes to Mammoth! (Listing courtesy of Stacy Bardfield, Mammoth Sierra Properties.)

Whiskey Creek Condo #7 (Crowley Lake): IN ESCROW (pending on 1/25/2010) Reduced to $134,900 on 1/12/2010. If not sold soon, will go to auction on 2/18/10. Reduced to $139,900 on 12/4/09. Reduced to $172,800 on 10/27/09. Listed for $180,000 on 9/28/09. (Listing courtesy Stepahnie Cook, MRG.) Built in 1982, 2 bedrooms, 2 bathrooms, bright upstairs unit with approx 1003 sqft. HOA dues approx. $350/mo. Nice upgrades plus extra windows.

SOLD FORECLOSURES / REO's in MAMMOTH LAKES:
[Sold data is for historical sales information only. It is not meant to imply that Dennis Cox or Tara Peterson were involved with every transaction.]

Sales Statistics for 2009 REO's in Mammoth:

# of Foreclosed Condos/Homes Sold: 60

Time on market: # Sold: Sales Price as % of Original List Price:

    <1month on market 27 99.7%

    1-2 months on market 16 90.1%

    2-3 months on market 9 85.9%

    3+ months on market 8 75.8%

Horizons IV #136: SOLD for $187,000 on 3/4/10 (All cash). Pending on 1/28/10. Listed on 1/21/2010 for $179,000. Upgraded 1 + loft / 2 bath at Horizons IV. Granite counters, newer cabinets, appliances and carpet. Full amenity complex. Located on the shuttle route. (Listing courtesy of Stephanie Cook, Mammoth Realty Group.).

White Mountain Lodge #2103: SOLD for $211,700 (All Cash) on 2/26/10. Pending on 1/27/2010. Listed on 1/21/2010 for $206,700. Studio / 1 bath in The Village at White Mountain Lodge. Rare and large 669 square foot studio floorplan with murphy bed and other furnishings. (Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.)

Westin Monache #307: SOLD for $195,000 on 2/26/10 (All Cahs). Pending on 2/2/10. Reduced to $203,900 on 1/19/2010. Listed on 11/19/09 for $214,900. Studio / 1 bath ath the full service Westin Monache. (Listing courtesy of Stephanie Cook, Mammoth Realty Group.)

Forest Meadows #9 Condo: SOLD for $156,000 on 2/26/10 (All Cash). Pending on 1/25/2010. Reduced to $169,900 on 1/14/2010. Reduced to $180,500 on 1/6/2010. Reduced to $189,900 on 12/3/09. Listed on 10/22/09 for $195,893. 2 bedroom / 1 bath located near Vons, shops and restaurants. Granite in bath, hearth and entry. EPA woodstove. (Listing courtesy of Stacey Bardfield, MSP.)

109 Trails End (House): SOLD for $738,000 on 2/24/10 (Conventional financing). Pending on 1/11/10. Listed on 1/5/09 for $738,900. 5 bedrooms / 4.5 baths / family room + office. Located at the end of Trails End (cul de sac). Spacious home that backs up to the school. (Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.)

78 Convict Dr (House): SOLD for $350,000 on 2/18/10 (All Cash). Pending on 1/15/10. Reduced to $399,900 on 1/11/10 (11.1% reduction). Originally listed on 12/30/09 for $450,000. 5 bedrooms, 3 bathrooms, 2-car attached garage. Approx 1800 sqft house on approx 0.18 ac and about 1/2 mile from Canyon Lodge. Needs TLC throughout. (Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.) View a walkthrough video here: http://www.youtube.com/watch?v=Y4LDsrWq9bE.

Diamond Run Townhomes #2: SOLD for $255,000 on 2/19/10 (All Cash). Listed on 1/26/2010 for $249,900. 1 bedroom / 2 bath / attached 1 car private garage. These townhomes are fairly new (built in 2005). Features include granite countertops, stainless steel appliances, forced air heat and a gas log fireplace. No nightly rentals allowed. (Listing courtesy Deanna Lantieri, RE/MAX of Mammoth.)

Timberline #11 Condo: SOLD for $205,000 on 2/19/10 (All Cash). Pending on 1/29/10. Listed on 1/11/2010 for $225,000. 2 bedroom / 2 bath townhome at Timberline condos. Located along the shuttle route and walking distance to shops and restaurants. Complex has spa and pool. (Listing courtesy of Sara Knadler, Mammoth Properties.)

Snowcreek #919: SOLD for $515,000 on 2/18/10 (All Cash). Pending on 1/5/09. Listed on 12/31/09 for $530,000. 3 bedrooms, 3 bathrooms, attached 1-car garage, approx 1457 sqft, built in 1989. (Listing courtesy of Sylvia Bouzaglou.) HOA dues are $596/mo. Offered partially furnished.

June Lake House at 740 Garnet: SOLD for $464,000 (conventional financing) on 2/17/10. Listed on 12-7-09 for $469,800. 4 bedrooms, 2 bathrooms, 2-car attached garage, built in 1979, approx. 2233 sqft. (Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.)

Chateau de Montagne #45: Sold for $365,000 on 2/4/10 (all cash) Pending on 12/22/09. Listed on 12-18-09 for $360,000. 4 bedrooms, 3 bathrooms, corner unit townhome on red line shuttle route. Approx. 1713 sqft, HOA dues approx. $550/month, upgraded kitchen and bathrooms. Carpet is dirty, few drywall fixes are needed, but a great deal. Call Dennis or Tara today for sales comps. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

Mountain Shadows #A-1: Sold for $115,000 on 2/3/10 (all cash) Listed on 12-17-09 for $119,900. Studio + 1 bathroom condo, built in 1972, approx. 459 sqft, HOA dues approx. $220/month. New drywall, paint, carpet/flooring, new kitchen and bathroom. Clean, north-facing getaway condo! Contact Dennis and Tara for more info. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Lodges # 1135: Sold for $689,900 on 1/29/10 (all cash) Listed on 12/7/09 for $689,900. 3 bedrooms / 3.5 baths / 2-car garage. Featuring wood and slate flooring, granite countertops, woodblinds. Overlooks the water feature. Built in 2006. Listing courtesy of Stephanie Cook, Mammoth Realty Group.

Juniper Springs Lodge #315: Sold for $204,900 on 1/29/10 (all cash) Listed on 12/8/09 for $204,900. 1 bedroom / 1 bath slopeside at Juniper Springs. Understructure parking, elevator access, on site coffee shop/convenience store, year round heated pool, 3 spas, fitness room, conference facilites and more! HOA fees include all utilities except telephone. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Solstice 14: SOLD for $320,000 on 1/29/10 (all cash) Reduced to $344,800 on 12-14-09. Reduced to $353,800 on 11/20/09. Back on market on 11/13/09. Listed on 10/8/09 for $362,800. 2 bedroom / 2 bath at Solstice. Golf course frontage, built in 2006, nearly new condition. Granite counters, stacked w/d. Underground parking. HOA/CAF are posted as $1045 per month. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Aspen Creek #124: SOLD for $191,900 (Conventional Loan) on 1/15/2010. Listed on 10/6/09 for $191,900. 1 bedroom / 1.25 bath located adjacent to Juniper Springs Lodge and Chair 15/Eagle Express. Complex offers pool, spa, sauna, underground parking and elevator access. Original condition, 2 separate vanities, and enclosed patio. HOA includes cable. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Sunshine Village #119: SOLD for $149,900 (All Cash) on 12/23/2009. Listed on 11/19/09 for $159,900. 1 Bedroom / 1 Bath at Sunshine Village. Centrally located in town within walking distance to shops and restaurants. EZ access to mountain shuttle bus. Near pool and tennis court. Full amenity complex with low HOA fees (approx $304/month). Listing courtesy of Stacey Bardfield, Mammoth Sierra Properties.

Solstice #7: SOLD for $365,000 (ALL CASH) on 1-8-2010. Listed on 12-21-09 for $362,500 and went into escrow the same day. 3 bedrooms, 2 bathrooms, approx. 1525 sqft. underground parking, HOA dues approx. $1032/month. Built in 2006 by Intrawest along Sierra Star Golf Course. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

White Mountain Lodge #2115: Sold on 12/18/09 for $365,000 (all cash). Listed on 11/18/09 for $365,000. 2 bedroom / 2 bath in White Mountain Lodge at The Village at Mammoth. Furnished, clean and ready for occupancy. This unit sits above the retail and faces out towards Minaret Road. Have all the conveniences of the Village right at your doorstep (Gondola, shops and restaurants). Onsite spa, pool at Grand Sierra Lodge is shared by Grand Sierra, White Mountain and Lincoln House. Listing courtesy of Stephanie Cook, Mammoth Realty Group.

Summit #H96: SOLD on 12-23-09 for $271,000 (All Cash). Listed on 11/30/09 for $269,500. 2 bedrooms + loft / 2 bathrooms with underground parking. The H building is located very close to Chair 15 and Juniper Springs Lodge. HOA dues approx. $491/mo. Size is approx 1223 sqft. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

3838 Crowley Lake Drive (Vacant land): SOLD on 12-21-09 for $100,000 (All cash). Listed on 8/26/09 for $128,750. 1.2 acres of vacant land in Crowley lake. Located in the aspens with two streams on property. Views of Crowley Lake, McGee, and Red Mountain. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

1498 Forest Trail: SOLD on 12/18/09 for $456,000 (FHA loan). Reduced to $470,800 on 10/21/09. Reduced to $482,800 (2.4% reduction) on 9/28/09. Reduced to $494,800 (2.4%) on 9/8/09. Reduced to $506,800 on 8/19/09. Listed on 7/25/09 for $519,800. 4 bedroom / 2 bath home (no garage) located just a few blocks up from The Village at Mammoth. Approximately 1613 square feet. New paint and carpet throughout. Galley style kitchen. South facing with two large decks. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Villa de los Pinos #38: Sold on 12/14/09 for $285,000 (all cash). Listed on 11/5/09 for $299,000. 2 bedrooms / 2 bathrooms. Approx 1193 sqft, HOA dues approx. $420/month. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

122 Nevada Rd. (June Lake): SOLD for $166,000 on 12/4/09 (financed). Listed on 10/13/2009 for $164,900. 2 bedrooms / 1 bathroom on 0.17 acre. Built in 1978 and approx. 611 sqft. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

White Mountain Lodge #2229: Sold on 12/2/09 for $372,500. (all cash) In escrow on 10/15/09. Listed on 10/6/09 for $350,000. 2 bedroom / 2 bath condo in the heart of the Village. Never need your car once you've arrived with shops, restaurants and The Gondola right at your doorstep. White Mountain Lodge offers full amenities (pool, spa, elevator access, underground parking). HOA/CAF include propane. Listing courtesy of Stephanie Cook, Mammoth Realty Group.

Mountain Meadows (Crowley) #25: Sold on 11/25/09 for $213,000. Reduced to $224,900 on 9/8/09. Listed for $236,200 on 8/5/09. 3 bedrooms, 3 bathrooms, 2-car attached garage, three levels. HOA dues approx. $300/month. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

2324 Apache (Bishop): SOLD on 11/25/09 for $339,000 (financed). Listed on 10/1/09 for $339,800. 3 bedrooms / 2 bathrooms / 2-car garage, built in 1989, approx. 1737 sqft on corner lot. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Chamonix 74: Sold on 11/24/09 for $260,000 (all cash) Listed on 10/16/09 for $255,500. 1 bedroom + loft / 2 bath at Chamonix. Great walk to slopes location. Loft is spacious with bath attached. Full amenity project. Remodeled kitchen. No appliances. Reasonable HOA fees of $511/month. Listing courtesy of Stephanie Cook, Mammoth Realty Group.

Sierra Manors 19:  SOLD on 11/20/2009 for $112,000 All Cash. Reduced to $119,900 on 9/14/2009. Reduced to $143,700 on 8/10/09. Listed on 7/6/09 for $160,500. 1 bedroom / 1 bath top floor condo. Overlooks the common area pool. Walking distance to restaurants, shops, schools, hospital. On shuttle route. Vaulted ceilings. Storage loft. Laundry hook-ups in bedroom. Needs TLC. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

Crestview #16:  Sold on 11/20/09 for $250,000. Listed on 10/7/09 for $249,000. 1 bedroom + loft / 3 bath condo at Crestview. Original condition however this unit is south facing which is a plus. Definitely has potential. Located along the shuttle route and within walking distance to The Village and Gondola. Crestview offers spas, lockers, and understructure parking. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Courchevel 18:  Sold on 11/20/09 for $207,500. Reduced to $194,900 on 8/19/09. Re-listed on 7/10/09 for $209,900. 2 bedroom / 2 bath townhome with a private, large 1-car garage. Just steps to Canyon Lodge. Location doesn't get any better. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Sierra Manors #71:  Sold on 11/20/09 for $100,000 (all cash). Reduced to $120,800 on 10/14/09. Reduced to $127,100 on 9/25/09. Listed on 9/4/09 for $133,700. 1 bedroom / 1 bath "crash pad" located within walking distance of shops and restaurants and also on the shuttle route. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Woodlands 17:  Sold on 11/18/09 for $304,000 (all cash) Listed on 10/12/09 for $289,000. 2 bedroom / 2 bath townhome in the well maintained Woodlands complex. Spacious floorplan with vaulted ceilings. South facing. Locted along the shuttle route for easy access to The Mountain. Full amenities (pool, spa, sauna). Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Snowcreek 879:  Sold on 11/17/09 for 393,900. In escrow on 10/28/09. Listed on 10/23/09 for $393,900. 2 bedroom / 2 bath "Sherwin" floor plan in Snowcreek phase V. Nice spacious floorplan. Ground floor. Sold furnished. Laundry room inside condo. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

Mammoth Ski and Racquet 111:    Sold on 11/10/09 for $254,000 (all cash). Reduced on 9-22-09 to $259,000 (4.7% reduction). Reduced on 8-25-09 to $271,900 (5.9% redux). Listed on 7/27/09 for $289,000. 2 bedroom + loft / 2.5 bath with covered garage space. Walking distance to Canyon Lodge and also on the shuttle route. Onsite amenities include pool, spas, saunas, tennis, rec room. Future assessments of $833 each in spring and summer of 2010 for deck replacement. Good space for the $$. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

98 Shady Rest Rd:  Sold on 11/13/09 for $305,500 (all cash). Pending on 10/16/09. (Back on market on 10/14/09. Pending on 9/30/09) Listed on 9/20/09 for $322,500. 3 bedroom / 2 bath / den / 2-car garage. Consists of 1 full bath with 2 half baths. Paritially completed re-model. Located in cul-de-sac. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

Solstice #12:  Sold on 11/12/09 for $350,000 (all cash). Reduced to $375,000 on 10/21/09. Listed on 9/21/09 for $480,000. 3 bedroom / 2 bath with understructure parking. Built in 2006. Located along the 16th hole of Sierra Star Golf Course. Beautiful setting. Approx 1525 square feet. HOA dues listed at $780/mo but we believe they are much higher than this. Listing courtesy of Scott Runtzel, REO Properties.

Juniper Springs Lodge #225: Sold on 11/9/09 for $184,000 (all cash) . Pending on 10/8/09. Reduced on 9/28/09 to $189,900 (13% reduction). Listed on 8-29-09 for $218,500. 1 bedroom, 1 bathroom condo at the ski-in/ski-out location of JSL by Chair 15 / Eagle Lodge. Sold as-is. Kitchen has been stripped. Approx. 560 sqft. HOA dues approx. $607/month. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

Snowflower #48: Sold on 11/6/09 for $380,000. Reduced to $403,900 on 9/11/09. Listed on 9/2/09 for $415,900. End unit with 2 bedrooms + loft and 3 bathrooms. Built in 1981. Approx. 1270 sqft. HOA dues approx. $375/month. Listing courtesy of Susan M. Sanders, Highmark Advisors, Inc.

Westin Monache #519:  Sold on 11/3/09 for $229,900.  Reduced to $244,900 on 9/3/09. Fell out of escrow...Listed on 8/3/09 for $259,900. 1 bedroom, 1 bathroom, approx 591 sqft in Mammoth's branded Westin hotel. Right near elevator and view towards pool. Listing courtesy of Scott Runtzel, REO Properties.

Courchevel #11: SOLD for $220,000 (all cash) on 10/30/09. Listed on 9/24/09 for $227,700. 2 bedrooms / 2 bathroom townhome near Canyon Lodge. HOA dues approx $720/mo. Approx 1147 sqft. One detached carport. Listing courtesy of Bonnie Endrick, Coldwell Banker Mammoth.

Sherwin Villas #23: SOLD for $160,000 (cash) on 10/30/09. Listed on 9/2/09 for $199,900. 1 bedroom + 1 bathroom. Built in 1972. HOA dues $415/month. Approx. 700 sqft. Sold furnished! Owned by Wells Fargo. Listing courtesy of Scott Runtzel, REO Properties.

830 Bridges Ln (Home in Greyhawk): Sold on 10/23/09 for $2,125,000. Pending on 10/9/09. Listed on 9/30/09 for $2,079,000. 5 bedrooms, 6 bathrooms, approx 6500 sqft home in exclusive Greyhawk neighborhood with amazing views and exquisite finish work. Walk to slopes, built in 2007, on 0.28 acre. Two bars, dual laundry rooms, media room, game room, office and gourmet kitchen. Listing courtesy of Jeff Warwick, Coldwell Banker Mammoth.

2 Shady Rest Rd (house): Sold on 10/22/09 for $280,000. Listed on 9/13/09 for $285,900. 2 bedrooms / 1 bathroom cabin near center of town yet backing up to open space. Built in 1987, on 0.19 acre, with 1-car detached garage. Approx. 550 sqft. Listing courtesy of Stephanie Cook, Mammoth Realty Group.

2018 Lodestar (house): Sold on 10/22/09 for $1,205,000 (full price). Listed on 8/21/09 for $1,205,000. Beautiful custom 4 bedroom + bonus room / 4.5 bath home right on Sierra Star Golf Course. Approx. 3864 square feet on 0.24 acre lot. Exceptional craftsmanship throughout. No appliances. Lanscaped front and back. Jacuzzi off back patio. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Timbers #27: Sold for $750,000 on 10/22/09. 3 bedroom, 4 bathroom 2-car garage townhome on Sierra Star Golf course with approx 2222 sqft. Owned by Wells Fargo. Listing courtesy of Scott Runtzel, REO Properties.

Eagle Run #209: Sold for $670,000 on 10/19/09 (went pending on 8/31/09). Listed on 8-26-09 for $668,250. Three bedrooms, 2 bathrooms, underground parking, great views and Ski-In/Ski-Out access. Approx. 1371 sqft and HOA dues are approx $925/mo. Sold unfurnished. Granite countertops. Complex also has two spas and bike lockers. Listing courtesy of Bonnie Endrick, Coldwell Banker Mammoth.

Nordica #7 (condo): Sold for $158,000 on 10/23/09. Listed on 9/2/09 for $159,900. 2 bedrooms + 1 bathroom. Built in 1963. HOS dues $295/month. Size = approx. 930 sq ft. Corner unit. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

Mountain Meadows #4 (townhome in Crowley): Sold on 10/22/09 for $223,900. (Went pending on 10/2/09) Listed for $223,900 on 8/5/09. 3 bedrooms, 3 bathrooms, 2-car attached garage, three levels, HOA dues approx $300/month. View to Crowley Lake. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Mammoth Sierra Townhomes #7: Sold on 10/20/09 for $264,000.   (pending on 9/14/09). Listed on 9/12/09 for $259,900. 2 bedrooms + loft / 3 bathrooms. Built in 1981, approx. 1221 sqft. HOA dues approx. $420/month. Owned by Bank of America. No furnishings. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

126 Klosters Ct.:  Sold on 10/15/09 for $405,900 (all cash).   Reduced to $495,900 on 8/31/09. Reduced to $539,900 on 7/30/09. Listed on 6/30/09 for $566,900. Spacious 7 bedroom / 4 bathroom home in the desirable Knolls neighborhood. Fenced back yard. Walk to The Village and Gondola. Home in need of work. Listing courtesy of Stephanie Cook, Mammoth Realty Group.

3599 Main Street (Commercial property): SOLD on 10/9/09 for $400,000 (all cash). Listed on 7/1/09 for $590,000. Commercial property with Main Street exposure. 3 unit building, approximately 3,479 square feet situated on approximately 1/4 acre parcel. Building is in dis-repair and demolition may be necessary. Possibility for restaurant, retail or commercial condos. Possible seller financing with good credit and 30% down. Listing courtesy of Heidi Helbig, Mammoth Realty Group.

206 Coyote Road, Chalfant Valley: SOLD for $294,500 on 10-5-09 (financed). Listed on 7/2/09 for $310,500. 3 bedroom + Den / 2 bath home in Chalfant with a 3-car garage. Situated on a large, 1-acre lot. Several sheds for storage. Tile floors throughout. Listing courtesy of Craig J. James, Hill Top Real Estate.

42 Starwood Dr.: Sold for $1,931,000 on 9/30/09 (all cash). Listed on 9/2/2009 for $1,930,500. 5 bedrooms, 5.5 bathrooms, 2-car garage, approx. 5,300 sqft, built in 2006 on almost 0.3 acres in Starwood. Kitchen has two separate full-size ovens, two separate dishwashers, granite countertops, Viking 6-burner cook top. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

96 Orchard Rd., Swall Meadows: SOLD. Listed on 7/30/2009 for $593,000. Built in 2005, this home has 5 bedrooms, 3.5 bathrooms, 2-car garage, fireplace, granite countertops, hardwood floors, great views and is approx. 3400 sqft. Great Views, lots of space. Additional office off of master bedroom, wraparound deck, two dishwashers. On septic and well. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Mammoth Creek 51: SOLD for $259,000 on 9/24/09. Reduced on 7/8/09 to $275,000. Listed on 5/29/09 for $290,000. 2 bedroom / 2 bath condo with no common walls. Well maintained Mammoth Creek condominiums. Walking distance to fishing, bike paths, golf course and shuttle. Listing courtesy of Scott Runtzel, REO Properties.

Bigwood 75:  Sold for $200,000 on 9/21/09. Reduced to $200,900 on 7/21/09. Reduced to $229,900 on 6/15/09. Reduced to $244,900 on 5/19/09. Listed on 4/1/09 for $259,700. 1+loft / 2 bath floorplan at Bigwood with a 1-car garage space. End unit. Onsite amenities include pool, spa, and laundry. Listing courtesy of Craig J. James, Hill Top Real Estate.

76 Holiday Way:   Sold on 9/9/09 for $699,999. Listed on 6/30/09 for $699,900. 3 bedroom + office / 2 bath home with a 2-car garage. Was re-modeled by previous owners with a Tuscan feel. South-facing and drenched in sunshine. Walking distance to the Village and Gondola. Listing courtesy of Scott Runtzel, REO Properties.

Sunshine Village 125:  Sold on 9/4/09 for $142,000. Reduced to $144,900 (7% drop) on 8/13/2009. Reduced to $155,900 on 7/22/09. Reduced on 7/2/09 to $164,900. (fell out of escrow). Listed on 4/9/09 for $171,900. 1 bedroom / 1 bath downstairs condo located in downtown Mammoth Lakes. Onsite amenities include pool, spa, recreation room, tennis and laundry. Walking distance to shops and restaurants. Located on shuttle route. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

Grand Sierra Lodge 1130: Sold on 9/4/09 for $201,000. Listed on 7/15/09 for $207,900. 1 bedroom / 1 bath ground floor condo in Grand Sierra Lodge at The Village at Mammoth. Granite counters, slate tile in entry & bath, gas fireplace. Restaurants, shops, Gondola all at your doorstep. Tree views. Underground parking and elevator access. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- 87846 Highway 395/Sonora Junction lot 28:  Sold on 9/4 for $264,000. Pending on 7/23/09. Listed on 7/9/09 for $279,900. 2 bedroom + Den / 2 bath mountain home with a 2-car garage. Situated on 40-acres with expansive views. Located approximately 12 miles north of Bridgeport and adjacent to National Forest Lands. On the grid with SCE utility, private well and septic. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- 106 Kelly Road:  Sold on 9/2/09 for $525,000. Pending on 7/23/09. Listed on 6/15/09 for $599,000. 3 bedroom / 3 bathroom home with a 2-car garage near Eagle Lodge / Chair 15. This home receives loads of sunshine and it set up off the road. Just a few blocks from Eagle Lodge. Needs just a little TLC. Some upgrade work was left undone. Listing courtesy of Scott Runtzel, REO Properties.

- Lodges 1113:   Sold for $500,000. Reduced on 7/22/09 to $549,900. Reduced to $612,900 in early June. Originally listed in early May 2009 for $644,900. This bank-owned foreclosure at The Lodges #1113 is a spacious 2-bedroom / 2.5 bathroom / 1-car attached garage townhome in great condition. The 6th phase of Snowcreek, The Lodges is known for its large floorplans, well-built construction, high ceilings, hardwood floors, granite countertops and quality finish work. Amenities at The Lodges include one spa and a green belt through the complex. Listing courtesy of Scott Runtzel, REO Properties.

- 413 Forest Trail: Sold on 8/6/09 for $275,000. Listed for $305,100. Built in 1979, this home has 2 bedrooms and a loft with low ceilings and 2 bathrooms. Listing courtesy of Susan M. Sanders, Highmark Advisors, Inc.

- 4330 Crowley Lake Drive, Crowley: SOLD. Reduced on 7/24/09 to $372,900. isted on 6/25/09 for $412,900. 3 bedroom / 2 bath log cabin with wonderful views of Lake Crowley. Detached 2-car garage. Approximately 1,753 square feet. Built in 1981. Fully landscaped corner lot. Kitchen features pine cabinets, slab granite counters, and appliances. Forced air heating and wood stove. A must see. Call for more info or photos. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Diamond Run Townhome 9: Sold on 7/31/09 for $265,000. Listed on 6/11/09 for $275,000. 1 bedroom / 2 bath townhome with private garage. Built in 2005. Tri-level. Located on shuttle route to Eagle Express near Sierra Star Golf Course. Granite counters, track lighting, stainless steel appliances. Great views. Listing courtesy of Scott Runtzel, REO Properties.

- 16 Cliff Circle:  Sold on 7/31/09 for $344,900.  Listed on 6/26/09 for $344,900. 3 bedroom / 2 bath home in quiet Old Mammoth. Large south facing lot. In need of some repairs. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- 113 Joaquin (Duplex):  Sold on 7/29/09 for $195,900.    Listed on 6/22/09 for $195,900. Duplex in Mammoth Lakes. Two attached 3 bedroom / 2 bath units at approximately 1,340 square feet each. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Lincoln House 3323:  Sold on 7/24/09 for $232,000. Listed on 6/2/09 for $256,900. 1 bedroom / 1 bath at Lincoln House in The Village at Mammoth. Located on the third floor. Gondola just outside your door along with shops and restaurants. Underground parking, ski lockers, pool, spa and more! Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Wildflower #13: Sold for $202,500 on 6/30/2009. Listed on 4/6/09 for $212,000. Remodeled and spacious 1 bedroom / 1 bath in the desirable and well maintained Wildflower complex. Minor ceiling repair needed. Complex has full amenities. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

- Solstice #17: Sold for $391,000 on 6/19/2009. 2 bedroom / 2 bathroom townhome on Sierra Star Golf Course listed on 3-12-09 for $381,900. Located about 1/2 mile from Eagle Lodge, this end unit townhome is in pristine condition. Washer/dryer, granite countertops, stainless steel appliances, steps to the spa, heated underground parking. HOA dues are $856/mo. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Sherwin Villas E-50: Sold for $226,000 on 6/17/2009. 1 bedroom + loft + another loft / 1.75 bathrooms listed for $225,000 on 5/1/2009. Built in 1972, HOA dues approx $496/month, approx 1058 sqft. Owned by US Bank. Listing courtesy of Susan M. Sanders, Highmark Advisors, Inc.

- GreyEagle #6: Sold for $350,000 on 6/9/2009. Reduced on 3/19/09 to $392,900. Reduced to $426,900 on 2/21/09. 3 bedrooms, 3 bathrooms, 1-car garage.  Originally listed for $438,900 on 1/23/09. Address is 45 Mountain Blvd. #6. Built in 2005. Approx. 1450 sqft. Great Views!! Private deck, granite countertops, wash/dryer included. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- 94 Myrtle Ln (BIG PINE): Sold for $199,000 on 6/8/09. Manufactured Home. 3 bedrooms / 2 bathrooms / 2-car attached garage on 0.18 acre. Approx. 1337 sqft. Listed on 3/19/09 for $199,900. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- 210 Meadow Ln (BISHOP): Sold for $210,000 on 5/21/09. 3 bedrooms / 2 bathrooms / 2-car attached garage on 0.18 acre. Approx. 1281 sqft. Listed on 11/25/08 for $294,500. Listing courtesy of Craig J. James, Hill Top Real Estate.

- Sierra Manors #8:  Sold on 5/7/2009 for $254,000.  3 bedroom / 2 bathroom condo listed on 3/17/09 for $259,000. Corner unit with lots of sun. Approx. 1409 sqft, HOA dues are $428/mo. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Lakeview Villas #9: Sold on 5/7/2009 for $371,100. 3 bedrooms / 2 bathrooms, view to Crowley Lake, end unit townhome with recent upgrades in kitchen and bathrooms. Slate flooring, custom woodwork, located on ski area shuttle route. Listed on 3/11/20090 for $364,500. Built in 1971, approx 1400 sqft, HOA dues are $420/month. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

- Lincoln House #3226: Sold on 5/4/2009 for $367,500. Originally listed on 3/18/09 for $357,200. 2 bedroom / 2bathroom condo at The Village at Mammoth. Listing courtesy of Sylvia Bouzagloup, Mammoth Realty Group.

- Chateau Blanc #27: Sold on 5/4/2009 for $264,900. 3 bedrooms / 2 bathrooms / 1-car garage. Price reduced to $264,900 on 3/26/09. Originally listed for $309,900 on 2/20/2009. Built in 1969 and is about 1431 square feet. HOA dues are approx $500/month. Offered unfurnished. Some appliances missing, also. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

- 203 Sierra Springs Dr. (Crowley Lake), Sold on 4/30/2009 for $544,900. 4 bed / 3.5 bath / 3-car garage on 0.46 acre with 2993 square feet built in 2000. Listed for $544,900 on 3/19/09. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Grand Sierra Lodge #1403: Sold for $385,900 on 4/17/09. Listed on 3/19/09 for $385,900. 2 bedroom / 2 bathroom condo on 4th floor of Village. Located across the mall from Lakanuki. Views to the north and south of some mtns, but most of view is directly across to the White Mountain Lodge building. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Chamonix #4: Sold on for $352,000 on 3/31/2009. 2 bedroom + loft / 3 bathroom condo within walking distance to Canyon Lodge. Listed for $349,900 on 2/26/09. Upgraded kitchen, end unit, approx. 1400 sqft and HOA dues of $683/mo. Call us with questions. Listing courtesy of Bonnie Endrick, Coldwell Banker Mammoth.

- White Mountain Lodge #2309: Sold on 4/1/2009 for $377,900. Originally listed for $439,900 on 1/15/2009. High up in The Village at Mammoth, this condo faces east above Minaret Rd and has an extra large balcony and floor-to-ceiling windows. Very close to the elevator, it makes lugging your luggage easy. Video walkthrough: http://www.youtube.com/watch?v=sROGvNOTO2YListing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Summit H-101:  Sold for $179,500 on 3/18/2009. Listed on 12/24/2008 for $194,900.    1 bedroom / 1 bath located just a short walk from Juniper Springs / Chair 15. Underground parking, newly renovated exterior. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- 1501 Bear Creek Dr. in Bishop - Sold for $291,500 on 3/26/2009. 3 bedrooms / 2 bathrooms / 2-car garage home in desirable Meadow Creek neighborhood in Bishop, CA. Built in 1980 on 1/5th of an acre, his 2082 sqft home has views of the Sierra mountains. Listed for $290,000 on 2/7/09. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Woodlands #44:  Sold on 3/13/09 for $295,000. Originally listed on 10/24/08 for $333,900. Unfurnished, 2-bedroom/2 bathroom in the well maintained Woodlands complex. Located on the shuttle route with full amenities. Listing courtesy of Sylvia Bouzaglou, Mammoth Realty Group.

- Les Belles Montagne #1: Sold on 3/10/2009 for $249,900. Listed for $249,900 on 1/08/09. One of three condos in this complex on Davison St. 2 bedrooms / 1 bathroom / 1-car garage / extra large laundry room/storage closet. Next door unit sold as a foreclosure on 11-26-08. Approx size = 840 sqft. HOA dues $300/month. Listed and Sold by RE/MAX of Mammoth. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Tosca #5:  Sold for $306,000 on 3/2/2009.  Originally listed for $368,000 on 9/20/08. 1 bedroom + loft / 2 bathroom / 2-car garage end unit built in 2006 at 1787 Old Mammoth Rd. 1100 sqft. Listing courtesy of Scott Runtzel, REO Properties.

- Juniper Springs Lodge #537: Sold for $410,000 on 1/27/2009. Listed on 11/26/08 for $449,000. Top floor 2 bedroom/ 2 bath condo in one of Mammoth's few true ski-in/ski-out developments. Onsite amenities include year round heated pool, 3 spas, gym, lockers, conference facilities, underground parking, elevator access and more. Sold by RE/MAX of Mammoth. Listing courtesy of Scott Rutnzel, REO Properties.

- VILLAGE: Grand Sierra Lodge #1204:  Sold for $370,000 on 1/23/2009. Lowered again to $399,900! 2-bedroom / 2-bathroom condo listed on 9/20/2008 for $489,900. Located on lobby floor. Sold by RE/MAX of Mammoth. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Mountain Shadows B-7: Sold for $204,000 on 1/21/09. Originally listed for $294,900 on 7/26/08. 1 bedroom + Loft with 2 full bathrooms and an extra bonus loft. Approx. 1029 sqft. HOA dues are $369/month. Corner unit on north-west side. Sold by RE/MAX of Mammoth. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- Sherwin Villas #E-41: Sold for $183,500 on 1/2/2009. Originally listed for $240,000 on 8-5-08. 1-bedroom / 1.25 bathroom / approx 709 sqft. Sold unfurnished. Homeowner dues are $383/mo. Newer condition with granite tiles in kitchen, newer appliances, heaters with wall thermostats, wood burning stove and large deck off kitchen living area. Open parking close to unit. Conveniently located in town near the market, theatre and restaurants. Redline and greenline shuttle nearby. Common area amenities include pool, spa, tennis, rec room and laundry. Sold by RE/MAX of Mammoth. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

- 1606 Shoshone: 4 bedrooms / 3 bathrooms, 2-car attached garage in Meadowcreek, approx. 2100 sq ft. Listed on 10-3-08 for $336,900. Sold for 326,000 on 1/2/09. Listing courtesy of Deanna Lantieri, RE/MAX of Mammoth.

FORECLOSURES SOLD IN 2008

Call or email for more info on the REO and Foreclosure market in Mammoth Lakes. These properties are sold "As-Is" and banks want very short loan and inspection contingencies (if any). Be prepared to provide proof of down payments.

The banks also tend to drop prices every 30 days if no offers have been received.

Short Sales:
A word on short sales in Mammoth Lakes. Early on (2008) when no one knew how to deal with them and banks were only helping those in true need (as opposed to those who own 2nd homes up here), they were not happening. Only in rare cases where the borrow had true hardship (loss of job, death in family, etc) and where the property was their primary residence were these approved. If it was a 2nd home and the bank saw you had other assets you could sell off or cash limits on credit cards to tap into, they would deny the short sale.

Then short sales picked up steam in 2009 and were a way to prevent foreclosure. Banks like Wells Fargo were quick on the ball to approve them (if they fit their formulas) and get them closed. Others, like Countrywide and WaMu, took forever to review/evaluate.

Now (late 2009) we are seeing banks opt to foreclose than deal with a short sale. Maybe it is not as expensive as we thought for banks to foreclose instead of approve a short sale. One recent short sale had three all-cash offers at what we considered was market value, but the bank went ahead and foreclosed on the borrowers and will probably list the property below the price of the three offers.

In short, don't even waste time with short sales. The list prices are attractive, but it is not even a real list price. It is a price that may entice an offer, but then the borrower has to submit a 50+ page short sale application to the lender. And most often, it is not just one lender. Many people took out a 'first' and a 'second' loan to purchase the property and have to get agreement from both to reduce the loan amount due to them. In some cases, the 1st will pay off the 2nd at 10 cents on the dollar.

Trustees Sales:
Before a property is foreclosed upon, it is auctioned at a Trustees sales at our local escrow office. An interested buyer will need cash to purchase an auctioned property. One way is to have your bank prepare cashier's checks for the starting bid amount and additional checks in appropriate increments up to your highest planned bid amount. If you are the winning bidder, you will then be refunded the difference (if any) between the winning bid amount and your sum of cashier's checks.

These properties as sold as is without any rights to an inspection, leaving a big risk for the buyer of non-working appliances, possible water leaks, and other health or safety issues.

Occupancy may not be immediate, especially if there are tenants in the property who need to be evicted and if there is personal property left behind valued at more than $300.

Buyers are not attending and bidding on most of these sales since the bid amounts are sometimes as high or higher than what they are currently worth on the market (since the defaulting borrower bought them at the peak of the market with 100% financing).

When no one bids at the auction, the property is foreclosed upon and buyers wait until they come back on as an REO ("real estate-owned," or foreclosure).

BLOG - www.ILoveMammothLakes.com for posts about real estate updates and what it is like to live in Mammoth Lakes. News on the Mammoth Yosemite Airport, local news, real estate deals in Mammoth Lakes, etc.

ACTIVE MARKET NUMBERS - Mammoth Lakes: (Updated 1/21/2010)

Mammoth CONDOS
     # Active:                        161 (17 are short sale listings, 5 are REOs)
     # Pending:                     72
     Average Days on Market: 234
     Average List Price:         $517,000
     Median List Price:           $390,000

     Condo Supply:                6.0 months

Mammoth HOMES
     # Active:                        70
     # Pending:                      12
     Average Days on Market: 239
     Average List Price:          $1,910,000
     Median List Price:           $1,372,000

Mammoth LOTS
     # Active:                        37
     # Pending:                     0
     Average Days on Market: 407
     Average List Price:         $988,000
     Median List Price:            $519,000