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With the first half of the year under our belt I thought it would be fun to look back at an active community such as Gray’s Crossing and see how sales compare to the first half of 2015.

The first half of 2016 has seen 9 sales totaling $10,613,000 at an average price of $1,218,000. Of these 9 sales 8 were single family homes and 1 townhome that sold at $880,000 for $427 a foot. These properties all sold at an average of 96% of list price. There are currently 3 single family homes pending sale at an average price of $1,563,000 that are due to close in the next few weeks. Two of these homes are new construction and one is timeless mountain architecture from 2008.

Looking back to the first half of 2015 there were only 3 sales totaling $3,900,000 at an average price of $1,300,000. These homes all sold within 98% of list price and only 67 days on the market.

The increase in total sales for this first half is due to an outstanding winter where families enjoyed all that Tahoe/Truckee has to offer. This has undoubtedly translated into a very active summer season as consumers are now drawn to Lake Tahoe as a place of retreat, refuge and adventure. With fresh new inventory coming to market in Gray’s Crossing they are finding incredible value in the $1.4 to $1.5M range with a nice amenity package and central proximity to downtown Truckee and world class resorts. Some of the new construction we are seeing come to market will keep steadily pulling the average sales price closer to $1.5M and we should see a very busy second half of the year as consumers have narrowed their focus into a specific community and home that fits their needs and budget. As documented before with these updates the historical average of transactions by month starts to increase in July and hits the crescendo in October. With an incredible summer on tap and a robust real estate market I look forward to reporting back with strong sales numbers leading into another great winter season.

First Half – 2016
Total Transactions    9
Average Price  $1,218,000

Gray’s Crossing First Half – 2015
Total Transactions   3
Average Price  $1,300,000

Set among towering pines in the heart of Gray’s Crossing, the Fairway Townhomes offer a perfect blend of community and serenity. Alongside the rolling fairways of The Golf Club at Gray’s Crossing and steps from Club amenities, enjoy ease of ownership with convenience of proximity to the best of Downtown Truckee and Tahoe’s resorts. These townhomes are designed with maximum efficiency enabling time to be spent enjoying the outdoors in all seasons. They are luxuriously appointed with a modern aesthetic to compliment the mountain setting. With the recent closing of 10215 Annies Loop that was built in 2008, this new phase of townhomes is priced to move with the benefit of up to date finishes and new construction: Click Here to View Listings

Annnie's Loop