Northstar Real Estate is heating up in preparation for winter. The 7 closings this month and 16 properties currently in escrow have capped off an excellent summer of growth. New construction properties are selling amongst resales and village condominiums. While the current active inventory still provides a dynamic buying platform, each wave of properties continue to show growth in value. Northstar’s sales volume YTD is up nearly 45% from 2015 (83 sales vs. 48) and the average sales price has also increased by 38% from $705,000 to $1,124,000. Northstar’s attractive family mountain atmosphere, enhanced by recent extensive capital improvements in infrastructure and recreation, are reflecting in the values. Here are some highlighted recent sales and some current offerings, enjoy!
Home Run #2 | $2,650,000 | 4-Bed, 4.5-Bath | Developer Sale Built in 2014 | Ski In/Out at Mountainside
Trailside #13 Resale Built in 2008 | $2,132,000 | 4-Bed, 4.5-Bath | Ski In/Out at Mountainside
Great Bear Lodge #306 Pending Sale | $1,875,000 | 4-Bed, 3.5-Bath | Northstar Village
Current Available Offerings
1-Bed Village Condo | $499,000 | Listing Details | Great Rental+Lifestyle Property
Stellar Townhome #2 | $2,275,000 | Listing Details | 3-Bed Ski-in/Out New Construction at Mountainside
Gray Wolf Custom Log Cabin | $2,995,000 | Listing Details | 4-Bed | Hand picked Native Materials in Big Springs
Thank you very much for taking the time to read this update. While this update was specific to Northstar, please do not hesitate to contact me for information on any of our local communities. As always, I am looking forward to hearing from you. Please keep me in mind if you have friends or family looking at real estate in the Tahoe area as I greatly appreciate your referrals.