Mammoth Lakes Update

By REBECCA GARRETT | Special to the Palisadian-Post

The regret I hear most often from clients is they wish they’d  bought a second home while their children were still young. A vacation home in Mammoth isn’t for everyone but for many families, it’s ideal. While getting kids on skis or snowboards for the first time can be a Herculean task, once children experience the joy of speeding down the slopes, it is hard to stop them or the giggles of joy. One of the things families love most about Mammoth is all of the activities they can do together. During the winter there is skiing, snowboarding and sledding, and while Mammoth is known primarily as a world-class ski mountain, it is increasingly being recognized as a four-season resort. Once the snow starts to melt, there is blue ribbon fishing, miles of hiking and backpacking trails, mountain and road biking, lakes for stand-up paddleboarding—and all of this with some of the most gorgeous views in the country.

In March of last year when Mammoth Mountain shut down indefinitely because of the coronavirus, I don’t think any of us could have predicted what the next 12 months would look like. Here the real estate market stalled for about three weeks. In April we saw it start to gather a bit of steam, and as many people began to master working from home and school moved online, the demand for properties in Mammoth increased.

2020 turned out to be a blockbuster year for real estate in most resort communities. For those lucky enough to be able to work and learn from home—where home was anywhere with an internet connection—the next question was, where shall we make home? For many in Southern California, Mammoth was the obvious answer. Mammoth’s rugged beauty, endless outdoor activities and accessibility by car made it the obvious answer for many.

The Mammoth real estate market remains hot. Inventory is low and prices are, for the first time, approaching the highs of 2007-2008. Just this past week we have seen an increase in inventory.  Whether this indicates a shift in the market or not, only time will tell.

If you would like to explore getting a second home or selling your second home in Mammoth before any more time passes, let me know. I moved to Mammoth from the Palisades in 2007 and would love to share my knowledge with you.

Rebecca Garrett – Mammoth Realty Group – DRE#01202867 – 310-795-9161, rebeccagarrett.com