Real Estate

Market Update

By May 17, 2016No Comments

As for the real estate market, Gray’s Crossing continues to be very active with new construction:

– 36 homes under construction
– 18 with final approval from design review
– 3 in preliminary design

Year to date there has been 6 homes sold in Gray’s Crossing at an average price of $1,241,000.  In Q1 with a great start to winter there were 4 homes and 5 homesites sold compared to the same period in 2015 where there were 0 homes and 9 homesites sold.  The abundance of snow this winter has translated into more single family home tours and good “off season” activity in Gray’s.  Last winter consumers were able to walk bare-land and capitalized on lot purchases to engage in the building process over winter in anticipation of breaking ground this spring.

Q1 – 2015 Gray’s Crossing Q1 – 2016
0 Total Transactions Homes 4
9 Total Transactions Homesites 5
0 Average Price Homes $1,191,000
$125,000 Average Price Homesites $91,500

Pick of the week:
Speaking of Gray’s Crossing, there is currently one re-sale in the Fairway Townhomes that has numerous upgrades and is essentially turn key and ready with the furnishings negotiable.  Located within walking distance of the Gray’s fitness center and PJ’s restaurant, this townhome has one of the best locations with it’s proximity to bike trails, downtown Truckee, and is a short drive to lake recreation and numerous ski areas of your choice.  This property offers difficult-to-find and unobstructed views of nature and golf course without looking into other townhomes or developments.  With great east to southern exposure, the golf course location is hard to beat.  In the winter the golf course feels like a wide open expanse backing to snow covered forest land.  Here is a link to the listing: Click Here to View Listings

1-Front

New listings in the last 7 days:

Northstar:
4 new listings: Click Here to View Listings

Martis Camp:
2 new listings: Click Here to View Listings

Lahontan:
1 new listing: Click Here to View Listings

Gray’s Crossing:
1 new listing: Click Here to View Listings

Old Greenwood:
5 new listings: Click Here to View Listings

Schaffer’s Mill:
No new listings

Squaw Valley:
2 new listings: Click Here to View Listings

Lake Tahoe (North, West & East Shore):
16 new listings: Click Here to View Listings

I hope you can enjoy opening weekend at Gray’s Crossing.  Please don’t hesitate to call if you or any friends would like to view some properties.  I appreciate your referrals!