Mammoth Lakes in 2017
A condominium sold for a median of $349,000 — $470,631 in today’s money, 41% below where it stands now. The Mammoth Times ran 43 stories we can still read.
What happened
- Snow2016-17 record winter breaks the drought
A record January storm cycle buried Mammoth, ended the drought and drove record tourism just as the ski-area merger hype hit.
There is pent-up demand that has been constrained by the drought years.
Paul Oster Broker Report → - Snow2016-17 season - 618 inches
Mammoth Mountain reported a season total of about 617.5 inches at Main Lodge.
Mammoth Mountain official snowfall history → - The mountainKSL and Aspen acquire Mammoth Resorts
In April 2017 KSL Capital and Aspen Skiing Company announced the acquisition of Mammoth Resorts alongside their Intrawest buyout, forming what became Alterra.
KSL/Aspen Purchase of the Ski Area Spurs Condo Buying Spree!!
Paul Oster Broker Report → - Town governmentNightly rental zoning becomes a value premium
Mammoth's zoning restricts transient rental to specific zones, which combined with improving vacation-rental platforms concentrated income potential in eligible condos.
These evolving and increasingly effective vacation rental models have certainly pushed condo values up here in Mammoth.
Paul Oster Broker Report → - Policy & taxProposal to repeal or limit Section 1031
Spring 2017 tax reform drafts proposed eliminating or capping 1031 like-kind exchanges, alongside a California bill to end the second-home mortgage interest deduction.
The most impactful to the Mammoth market might be the proposal to do away with or limit the 1031 tax-deferred exchange.
Paul Oster Broker Report →
What the paper was writing about
Headlines only, linked to the Mammoth Times. We read the Internet Archive’s copies and cite the paper; the words are theirs.
- 02-02Celebration of Life for George Shirk, Feb. 4, Canyon Lodge
- 02-09This Week's Times Events Calendar
- 04-12Aspen Skiing Buys Mammoth and June Mountains, Rest of Mammoth Resorts
- 05-01This Week's Events Calendar
- 05-12June residents eye high country dams as runoff season approaches; SCE says dams are safe
- 05-12This Week's Mammoth Times Events Calendar
- 05-15BIG MEETINGS THIS WEEK: Mono Mill Closure, Mosquito Issues, Where to Put New County Offices
- 05-18The Mammoth Times Events Calendar, May 18 - May 30
- 05-24This Week's Events Calendar
- 05-26What's Open For Memorial Day Weekend, What's Not
- 05-31Mammoth Times Events Calendar Through June 15
- 06-02County-wide low-cost vaccination, licensing clinics begin June 3
- 06-02Latest Updates on What's Open and What's Closed
- 10-05Waves of Repercussions Will Follow Local Survivors of Vegas Shooting; How You Can Help
29 more stories from 2017 are in the corpus.
The ground
93 recorded earthquakes of magnitude 2.5 or greater in the Long Valley Caldera, the largest at M3.9.