Condominium median
$475,000
$729,420 in 2026 money
Mammoth Lakes in 2008
A condominium sold for a median of $475,000 — $729,420 in today’s money, 9% below where it stands now. The Mammoth Times ran 347 stories we can still read.
Snowfall
334"
season total at the main lodge
Housing approved
5
residential units authorised
Lodging tax
$10,969,049
collected by the Town
What happened
- Building & developmentMammoth construction bust
After a decade-long building boom, construction activity collapsed as financing, development-impact-fee disputes and demand all failed simultaneously.
The construction industry has slowed dramatically in Mammoth.
Paul Oster Broker Report → - The mountainStarwood investment promise collapses
Starwood's promised billion-dollar investment, W hotel and Ritz-Carlton never materialised and the owner went quiet.
Another growing complaint is the “trust” many Mammoth buyers (2005-07) put in the Starwood acquisition.
Paul Oster Broker Report → - Town governmentHot Creek airport jury verdict against the Town
A summer 2008 jury awarded Mammoth Lakes Land Acquisition roughly $30 million over the Town's breach of an airport development agreement, based on a valuation of a hypothetical fractional hotel project.
Right now the 800-pound gorilla in Mammoth is the $30 million (now $42 million) judgment that is owed MLLA.
Paul Oster Broker Report → - Town governmentMeasure R passes - 0.5 percent sales tax for recreation
Voters approved Measure R, a half-cent sales tax funding trails, parks and recreation. Adopted by Council February 20 2008.
Town of Mammoth Lakes → - Economy & ratesAutumn 2008 stock market crash
The post-Lehman October 2008 equity collapse wiped out buyer net worth just as Mammoth REO inventory began building.
The recent stock market fall has queered a few transactions––buyers with falling net worth’s just get a little nervous
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.
- 01-11Impending blizzard brings Inyo, Mono first responders together
- 01-24For Mono Supervisors, it's going to be a long year
- 01-31Manson madness
- 01-31Manson madness
- 02-08Something's amiss when the 395 looks like the 405
- 03-20A trip down trash patrol lane
- 03-28Keeping the mussels at bay, not an easy task within a county of lakes
- 05-01An open letter from the Town of Mammoth Lakes
- 05-29Summary of Mono County Supervisor Candidates
- 07-10Letters 7/10
- 07-31Letters 7/31
- 08-14Intrawest not off the Rodeo boat...yet
- 10-09Letters 10/9
- 12-02Tonopah: stargazing, turquoise digs, silver mine tours, an intriguing museum of the west
333 more stories from 2008 are in the corpus.
The ground
19 recorded earthquakes of magnitude 2.5 or greater in the Long Valley Caldera, the largest at M3.9.