As reported this year the real estate market has been very robust as evidenced by the third quarter which was statistically the strongest 90-day period ever for real estate in the Tahoe Truckee area. In that period there were 522 residential properties traded representing just under $500 million in total volume at an average price of $893,000.
This success can be seen in the community of Gray’s Crossing that is on pace to triple the number of homes sold this year with 19 closed and 2 currently pending sale at an average price of $1,296,000. In 2015 there was a total of 7 sales at an average price of $1,285,000. It is interesting to note that 9 of the sales this year are over the price of $1.4M. Of the 19 sold this year, the high sales price was $1,735,000, which is nearly $300K higher than the high mark of $1,445,000 in 2015 which was the only home sold above $1.4M. The two homes currently pending sale are at list prices of $1,638,000 and $1,749,000. I look forward to an exciting 2017 in Gray’s with many new custom homes as well as the newly completed Fairway Townhomes that will be coming to market next week. Below is a picture of the great room overlooking the golf course.
I am always on the lookout for fun activities to enjoy with the kids. A complimentary horse drawn sleigh ride in Squaw Valley is a great way to celebrate the holiday season. Rides are available from 3-6pm on December 17, 18 and 23rd. Warming up with hot cocoa around the fire pits is a great way to enjoy live music and the village atmosphere.
PICK OF THE WEEK
With the success of Gray’s Crossing on my mind, I want to make you aware of a beautiful custom home nearing completion in the Woods community. This home has a nice blend of mountain elements and contemporary finishes backing to open space and the trail system near the 7th hole of the championship golf course. The open plan has a private upstairs master with views to the Carson Range and bonus room just off main living area that is great for entertaining. You will enjoy the east to southern exposure on the front deck and living spaces. The 3 car garage is a nice size to store all of those Tahoe toys with a big mud/laundry room welcoming you home from all your adventures: Click Here to View Listings
We hope to have some fresh snow in the forecast just in time for some good powder turns this weekend. I hope to see you on the slopes and enjoying the holiday ambiance in town.
TAHOE MOUNTAIN REALTY
M. 530.448.5141| O. 530.550.2021