The California housing market is among the hottest in the nation. Now is the perfect time to get in due to a number of factors.
For starters, California is enjoying average 30-year mortgage rates of 4.37 percent. This means that buyers have more purchasing power than three months ago when the rates were near 5 percent.
There is some urgency to your property search. California home values are expected to rise over 7 percent next year. This is a faster rate than the rest of the nation.
In particular, there are great deals to be had on Mammoth Lakes property. Read on for a home buyer’s guide to Mammoth Lakes. Learn why your California home search should start and end here.
One of the primary reasons to purchase a home here is that Mammoth Lakes is a destination. People come from all over the world to vacation at this California mountain paradise.
Mammoth Lakes is home to world-renowned ski resorts that attract visitors from around the globe. The base population is roughly 8,000 but reaches up to 50,000 during peak vacation months in the winter.
The fact that Mammoth Lake is so popular means that homes are an investment opportunity. With rising home values and strong demand, purchasing a home can yield a substantial return on investment. Many investors choose Mammoth Lakes because of the year-long opportunities to rent out your property.
Mammoth Lakes affords all the perks of small-town living. There is a village with quaint shops.
Also, the town features boutiques and delicious restaurants. Of course, there is also the ski area, which boasts hundreds of trails and dozens of ski slopes.
Mammoth Lakes is a throwback to a simpler time. Get away from the congested cities and embrace all that nature has to offer.
Start your search by looking for homes with a view of Mammoth Mountain or the Sherwin mountain range. Some locals prefer to wake up to Crowley Lake Basin instead.
Instead of purchasing a small, square lot, Mammoth Lakes offers large properties surrounded by nature. It is common for properties to back up to a scenic hiking trail, ski slope, or a golf course.
There are many different types of homes to choose from in Mammoth Lakes. If you are an outdoors person, there are cabins for sale. There are also condos and townhomes.
If you require more space, there are also single family homes. There are even gated communities to provide a sense of security.
Due to the weather conditions, there are other factors to consider. For example, Mammoth Lakes gets significant snowfall each year.
You may want to consider a home with a garage. This way, you don’t have to dig your car out each snow storm. Some savvy shoppers consider which direction the house faces.
A southern-facing home gets more sunlight, which melts the snow faster. This is good for reducing snow removal costs and boosting energy efficiency.
Mammoth Lakes is an investor’s dream. Values are on the rise and demand is strong thanks to the tourist population and vacation rentals.
If you want to learn more about Mammoth Lakes property, contact us today for additional guidance.