Mid-October 2017 looks quite different from the real estate market the same time last year. Although the span of a week is rather small to draw conclusions, it’s worth noting that there was little to report for the third week in October of 2016. Gray’s Crossing held the single sale last year, compared to 26 properties under contract one year later. Perhaps the expectation of another epic snow season is the tangible factor for increased activity and excitement in the Tahoe/Truckee region.
It is no surprise that the bulk of transactions were at Northstar California with opening day less than a month away. Buyers are eager to secure their winter home in anticipation of action packed powder days. Northstar has seen 7 homes change ownership this week.
The Martis Valley neighborhoods: Lahontan, Martis Camp, and Schaffer’s Mill have had a solid stretch with 12 properties under contract. Martis Camp carried the bulk of the activity boasting a $4.25M sale. Martis Camp’s exclusive chairlift to Northstar is definitely a draw as the temperature drops and the winter sports make their yearly comeback.
Old Greenwood and Gray’s Crossing have maintained a healthy market with 6 trades at a median price of $1.4M. The lag in sales between golf communities and slope-side property is likely due to the changing of the seasons. In Truckee it’s time to stow away the clubs and polish up the skis. We will likely see Gray’s and Greenwood bounce back once the snow has melted in the spring.
As the excitement for the coming ski season grows, my pick of the week is the ultimate ski in, ski out residence located in the heart of Northstar Village. 405 One Village Place is conveniently located in the gondola building. Beyond premiere access to the slopes, One Village Place offers the perfect après amenities after a day on the hill. Soak your bones in the indoor/outdoor hot tub and warm up in the sauna. A heated garage, well-appointed fitness center and on-site concierge add additional value.
The residence itself is an 1809 sq. ft. 3 bedroom, 3-bath luxury property with a sunny south facing deck. The open floor plan offers plenty of space for family and friends to relax, spread out and create lasting memories in the beautiful Sierra Nevada’s.
405 One Village Place
3 bed | 3 bath | 1,809 sq.ft.