Resort townhomes have been a hot commodity in the Truckee area this summer in Old Greenwood and Schaffer’s Mill. They offer easy living with hassle free maintenance included in the HOA fees, great amenities, and a price point for newer product that is very competitive when compared to single family homes.
In Schaffer’s Mill there have been 10 townhomes sold year to date at an average price of $1.3M – all 3 bedrooms between 2,000 and 3,000 sq. ft. These townhomes were all completed with the exception of four that were under construction when they sold and those 4 were in the finish stages of construction and very defined to the buyer.
This summer Old Greenwood released the Legacy Collection which consists of 3 townhomes located on the 10th hole of the Old Greenwood golf course. There are currently 3 of these townhomes pending which are all 3 bed 3.5 baths. All three of these are turn key and fully furnished so the buyers are seeing immediate gratification. These will all be closing in the mid to high $800’s are should be a good indicator of the fall activity in the resort market.
As we are entering the “fall rush” and “contract writing season” we are introducing a new project at Gray’s Crossing with the Fairway Townhomes. These townhomes have been under construction all summer and the first building is scheduled for completion this October 1st. The timing couldn’t be better with our current market conditions and high demand for resort properties rich with amenities at a very competitive price point. The New Fairway Townhomes at Gray’s Crossing blend the ease of ownership with the convenience of proximity to the best of Downtown Truckee and Lake Tahoe’s finest resorts. Designed with maximum efficiency enabling time to be spent enjoying the outdoors in all seasons. Luxuriously appointed with a modern aesthetic to compliment the mountain setting while standing out within Gray’s Crossing as an obvious choice for value and quality.
As is typical with our market when the fairway townhomes are more defined on the interior we will start to see buyers engage and get excited as they will be able to envision creating family memories for years to come. Below is a brief update of the construction activity commencing this week and we look forward to showing off these townhomes on our Luxury Home Tour, Sunday September 4th of Labor Day weekend.
Preview the New Fairway Townhomes – Scheduled for completion 10/1/16
- Garage doors will be installed
- Siding going up on townhomes 4, 5 and 6
- Interior doors, windows and trim will be stained on townhomes 1, 2 and 3
- Drywall in townhomes 7 and 8 is hung and tape and texture is being applied
- Trusses were delivered to townhomes 16 and 17 and the final roof framing will begin