More lifestyle examples for those of you interested in how to live in Mammoth, like if you own a place here and ever thought about moving here full time.
Sunday, July 8
(1) Church Service on the deck at Pokonobe Lodge overlooking Lake Mary at 8:30 am. I have stepped down as the music leader for these services, pastored by the great Fred Weatherly, but still continue to help out on piano. Good to see worshippers who come once a year to Mammoth and join us during their week away from the stress and traffic of L.A., which they are always thankful for. Little smoke in the air from the Inyo Complex fires down in Big Pine and Independence. Got to play "Blessed Be Your Name," one of my current favorites.
(2) Mountain Biked in the afternoon with two buddies whose presence increased the testosterone level above what would have been if mtn biked individually. Went down, or should I say survived, Skid Marks, Velocity, and Shock Absorber. Shock Absorber should be a double black diamond rather than the single it is rated. Very short, steep, winding sections through the trees. The landings were too short to check your speed before the next descent - we saw guys in full gear bailing off their bikes. Makes me want a bike with more than 3 - 3.5" of travel.
(3) BBQ'd at a buddy's house. He's actually a Realtor at a competing firm, but that's what's cool about Mammoth. We are not as cutthroat as we hear about in other cities. I'd say that 90% of our local Realtor community works well together. You've got do - it's a small town. My buddy's and my daughter are about 5 months apart, so they played while he shared a Canadian beer with me and our wives shared their giving birth stories. Yuck.
This week we prepare for the annual Jazz Jubilee. The tents are up, T-shirts printed and trolleys primed to take the jazz-loving generation around to the Woods, Church, Big Top, etc sites.
Real Estate:
On the real estate front, things are very slow in Mammoth right now (evidenced by the fact that I am writing this blog...but I hope to maintain the blog even when it gets busy as a channel to replace my real estate newsletter).
I regularly download all sales and listing data from our Multiple Listing Service and then pour through it, organize it into pivot tables, create formulas from the raw data to make some sense of it, and graph it. I hope to share you snippets of useful data, like the following:
$/SQFT
Condos: Average price per square foot of condos sold so far this year is only down 3% to $529/sqft from 2006, but 2006 was down 4% from 2005.
Homes: We're actually up about 1% to $453/sqft this year over last year, but down from $464/sqft in 2005.
Sales Counts
Condos: In the first half of 2007, only 83 condos have sold vs. 202 during the first half of 2006 and 302 in the first half of 2005.
Homes: For homes, the numbers are 26 this year, 28 last year and 59 in the first half of 2005.
Sale Price / List Price
Another telling statistic is what sales prices are as a percentage of original list price. Condos are down to 94% so far this year after two straight years at 97%. Homes sale prices are down to 88% of their original list price vs. 95% in 2005 then 91% last year.
Do prices have further to drop? I think so. Sellers are getting more and more impatient and the real sellers will drop prices further. See my blog on ActiveRain about our two different types of sellers.
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