What is happening in the Mammoth Lakes real estate?

There are several different data points to review when answering this question including median price, days on market and total inventory sold. Below is a snapshot of the last two years closed transaction in Mammoth Lakes and 2013 so far.


2013 (as of 5/20)



Median   Price




Median   Days on Market




Total Condos SOLD




Single   Family Homes

2013 (as of 5/20)



Median   Price




Median   Days on Market




Total SF Homes SOLD




While this information is useful in observing trends, the current inventory must also be considered.  Below is a snapshot of the available properties available today:



Single Family Homes

Median   Price



Median   Days on Market



Total   Available Today



In summary, both condos and single family homes are selling more quickly and at a higher price in 2013 than in the previous two years. The number of single-family home sales are trending similar to 2012. Inventory levels for condos is low (down 12% from January). Single family home inventory is relatively flat so far this year. Based on actual closed sales so far this year, the trend indicates there will be more condos sold this year than last. Of course, inventory is needed to continue the trend.
What does this mean to you? Prices are trending up. Buyers interested in buying should increase their search and identify a property before prices go higher. This may be challenging with the limited inventory. Sellers can expect to get more than they would have last year. Of course, there is no crystal ball. Mammoth Lakes has historically followed Orange County and San Diego by 6-8 months. These areas are still in a upward cycle. Will the upward trend continue? Time will tell. My advice, if you find something you love, then now is the time to make that offer.
For previous articles, visit http://www.SonjaBush.com

Love This Life

I saw this on a t-shirt the other day and realized this captured how I feel since moving to Mammoth Lakes. Now that summer is almost here, this saying is even more appropriate. When we bought a second home here in 2003 I had only been to Mammoth Lakes in the winter. I have truly come to understand the phrase often used by locals “come for the winter but stay for the summer.”

Me and "Coach Bobby" at the top.Turning the big 5-0 this year also helped put things in perspective. There are so many things I want to do while my body is still cooperating. Warmer weather offers the opportunity to try new things. I purchased a road bike and have been joining the Wednesday morning Footloose Sports rides that started this month. So far we have met twice at Whitmore pool and rode approximately 29 miles (14+ miles to Waterson Divide and then back) . I really did not think I could make it but with the support of “Coach Bobby” and the amazing ladies on this ride — I DID IT!

Double Eagle (Small)

We celebrated our 31st wedding anniversary this month and John surprised me with a “stay-cation” at Double Eagle Resort in June Mountain. We have been to the resort many times but have never spent the night. The rooms are quaint and setting is amazing (they also have larger cabins). We celebrated by going on a very beautiful (although strenuous) hike to Fern Lake (4 miles round trip and over 2000 foot elevation gain!). Massages in the late afternoon followed by dinner and Eagles Landing Restaurant (located at the resort) wrapped up a great day. I highly recommend a visit to Double Eagle Resort. Even if you are hiking or fishing in the area, stop by and pay the day use fee. There is an indoor pool, Jacuzzis, steam and fully equipped locker room. Click here for Double Eagle Resort

Another one of my favorite summer activities is golf. Sierra Star Golf Course opens Friday, May 17 (much earlier than in years past) and the course looks great! There are many more new activities planned for this summer — a few BIG ones in June. More details next month. I would love to hear from you — let me know what you enjoy about Mammoth Lakes in the summer.

When not out exploring, I am focused on helping my clients find a place where they can “Love this Life.” If you are considering investing in Mammoth Lakes, contact me for complete up-to-date listings. We can discuss the pros/cons of various locations to help you make an informed decision. If you are considering selling, I can provide a personalized market analysis. Buying or selling, my goal is to help you achieve your goal in Mammoth Lakes.

PLEASE VISIT MY NEW WEBSITE and tell me what you think by taking this brief survey. I want to hear it all — what you like, what you don’t like and suggestions for improvement. THANKS in advance.

Sonja Bush
Broker Associate – DRE #01904399
Mammoth Village Properties
cell 661.979.9000
email Sonja@SonjaBush.com
website: www.SonjaBush.com

Prepare Your Home for Sale

Sold HomeHere are four simple steps you can take to increase the value of your home when selling.

1.  Make necessary repairs.

2.  Invest in minor updates.

3.  Declutter.

4.  Improve your home’s curb appeal.

Why make repairs?
People often ask why they should invest money in their home before putting it on the market. Why not simply offer a buyer a credit to complete the work? Of course you can do this but if you want to yield the highest price on your home sale, it makes a big difference if you take care of repairs ahead of time. Small repairs can make a big difference. If a potential seller notices several small repair issues they often assume there are more problems they cannot see.
What type of minor updates?
Small things can make a big difference. I’ve written about this before but inside the home fresh paint, clean (or new carpet), new faucets and even updated knobs on the cupboards can freshen up a dated interior. Outside the home a new front door and light fixtures can make a positive first impression.
Why declutter?
This should go without saying but buyers want to visualize the place as their own. All the ski gear, knick-knacks and items you will be taking when you sell, should be out of sight. Since most homes are sold furnished in Mammoth Lakes, buyers can get a real sense of what it will be like for them when all the clutter is gone. Here is a tip that has worked for me. Get three large boxes. Label them: 1) Trash 2) Donate and 3) Put Away. Allocate an hour a day and go through a room, cabinet or an area and place items in the boxes. Before you know it you will be “decluttered.”
How to improve curb appeal?
Remember, people will see the outside of your house before they see the inside. Curb appeal is essential for both condos and single family homes. What impression does your home leave with a first time visitor? Sometimes it is challenging to view your properly objectively so ask you real estate agent or close friend to write down their impressions of your home. Weather and season permitting, potted fresh flowers outside the front door take little effort but do a lot to enhance the entry. Rake the leaves, mow the lawn, trim the bushes and definitely clean the windows and screens.
For previous articles, visit http://www.SonjaBush.com