Luxury real estate market trends, developments and marketing.

July 2014 Montreux Real Estate Market Update

Montreux Real Estate Market Report

By Dickson Realty’s Luxury Real Estate Partners: Brooke, Rob and Monica

It is hot out there and we aren’t just talking about the number on the thermometer… we have some very exciting real estate activity to report this month!

One of Montreux’s crown jewels—5635 Foret—went into contract quickly after it was listed for $4,850,000. This is a record setting sale for Montreux and signs of a strengthening real estate market.

Following is a complete list of properties that have recently gone into contract, with sales quickly forthcoming.

Current Pending Sales in Montreux

These properties were listed by Luxury Real Estate Partners:
Brooke, Rob and Monica

1) 20507 Bordeaux Drive — $1,250,000 List Price
Single Level “StoneHaven” with a Park-like Yard
» View this listing

2) 5635 Foret Circle — $4,850,000 List Price
Stunning Montreux Masterpiece with Endless Views!
» View this listing

3) 5855 Strasbourg — $1,575,000 List Price
Custom home with Exceptional Finishes on the 12th Fairway
» View this listing

4) Lot #214 Lausanne — $349,000 List Price
Custom homesite backing to the National Forest.
» View this listing

Just Sold in Montreux

Listed and sold by Luxury Real Estate Partners:
Brooke, Rob and Monica

20551 Chanson — $1,550,000 List Price
The Parc Foret Ciel Model with Stunning Views of the 7th Green
» View this listing

Reno in the National News

The Secret is Out!

Reno has received some national attention with more and more people discovering what an amazing place Northern Nevada is.

As noted in the July 6th article in the New York Times, the word is out that not only is Reno a beautiful town nestled in the foothills of the Sierras, but it is also attracting countless businesses due to its tax friendly policies.

Reno is shaking off old stereo-types and blooming in new diversity. Click here to read the entire article.

Concert on the Green — Sunday, July 28th

Kick off to the “Reno-Tahoe-Open”

Save the date for the best outdoor concert of the year in the heart of Montreux! The 14th annual Concert on the Green will be held Sunday, July 27th featuring the Reno Jazz Orchestra with the soul, funk music of James Brown and musical guests Tery Stone & Jackie Landrum.

Click here to view and print your invitation to this great event.

Montreux’s Concert on the Green is an entertaining way to kick off the “Reno-Tahoe-Open”, Montreux’s PGA event from July 28th-August 3rd

Stop by and say “Hi” to us at the Parc Foret area at the concert. We will have fun goodies to share—see you there!

This Month’s Featured Montreux Listings

6593 Champetre

Montreux Manor with View of the 18th Green and Lake

6593 Champetre | 3,121 SF, .40 acre, 3 Br + Den, 3 car
$1,435,000 $1,360,000 Price reduced $75,000!

Beautifully appointed Creekside Manor at Montreux overlooks the coveted 18th Green and Lake of the famed Jack Nicklaus Signature golf course. The setting is nothing but spectacular. 3,121 SF with 3 bedrooms and 3 baths, the interior offers an open floorplan with all the living on the main level except one guest bedroom suite located upstairs. Generous use of windows, vaulted ceilings, sunlight, and exterior views.

» Click Here To View Listing Details

6060 Lake Geneva

Much Sought-After Single Story Home in the Montreux Trees

6060 Lake Geneva | 3,932 SF, .55 acre, 3 BR + Office, 3 car

This custom home is situated in one of the most desirable custom areas of Montreux, surrounded by mature pine trees, stunning architecture and spectacular landscaping. The open single level plan is ideal with 3 bedroom suites, small formal living room, formal dining room, family room open to kitchen and breakfast nook, and an oversized 3 car garage.

» Click Here To View Listing Details

20307 Bordeaux

Exquisite Montreux “StoneHaven”

20307 Bordeaux | 4,677 SF, 1.82 acre, 3 BR + Bonus room, 4 car

This exquisite Montreux “StoneHaven” offers a setting incomparable within the Montreux community. Situated on a pristine corner lot with over 1.8 acres of lush lawn, hundreds of trees, and countless mature vegetation and water feature to knock your socks off! Extensive paver patios, an oversized covered patio and a glorious built-in DCS BBQ complete your outdoor entertaining wish list. Easily the very best curb appeal of N. Nevada’s premier gated Nicklaus community.

» Click Here To View Listing Details

20162 Bordeaux

Casual sophistication and Old World Charm

20162 Bordeaux | 6,346 SF, .70 acre, 5 BR + Bonus Room, casita, 3 Car

Located on the 6th fairway of the famed Nicklaus Signature golf course, this custom beauty is the crown jewel of Montreux’s offerings. Exuding casual sophistication and Old World Charm, the exquisite interior finishes and attention to detail include high-end appliances, rich hand-scraped walnut floors, vaulted ceilings with elegant crown molding, granite, stone, & hand textured finished walls.

» Click Here To View Listing Details

New Listing — Right Outside Monteux

6543 Galena Canyon Trail

Luxury “Horse Property” on Nearly 5 Acres of Privacy and Views!

6543 Galena Canyon Trail | 4,807 SF, 4.86 Acres, 5 Bedroom + bonus room, 6 Car + barn & stables

This unique property has it all: views, horse pastures, water rights, barn, RV garage, shop and 4,807 SF custom home boasting superb quality and attention to detail. On nearly 5 acres of horse property, all fenced and surrounded by miles of trails, you will feel like you are in your own private sanctuary, yet just a few miles from top of the line shopping, Montreux – Nicklaus course, 15 mins from the airport and 20 mins from Tahoe. Most of the living on the main floor (3285 SF); 2 guest rooms & bonus down.

» Click Here To View Listing Details

Reno Luxury Real Estate Agents

Luxury Real Estate Partners

Contact Information

Want to schedule a private tour of available homes and custom homesites?
Call us at any time: 775-849-9444.

Brooke Sullivan

Cell: 775-813-4890

Rob Wonhof

Cell: 775-750-2210

Monica Gore

Cell Phone: 775-742-1555

More Real Estate Information

Up-To-Date Information on the Luxury Real Estate Market

» View Current Home Listings
» View Current Lot Listings
» Read our Real Estate Blog

Montreux Real Estate Report for March 2013

The word is starting to spread… Montreux is not only a picturesque golf community in the Sierras, it is a great value! The bonus is Nevada’s beneficial tax structure, including no state income tax. This has made the private Montreux golf community a secure choice for many Buyers.

The first quarter of 2013 has been one of the busiest that we have seen, with 16 home sales since the beginning of 2013. In comparison, the first quarter of 2012 saw 4 home sales—that’s FOUR times as many homes sold compared to last year!

The future looks positive for Reno. Buyers are more confident, and Reno is getting national coverage. “Business Insider” calls Reno one of best housing markets for the next 5 years. (Click here to read the article).

Montreux’s newest community: Parc Foret

The brand-new Residences at Parc Foret feature an alluring architectural style echoing the alpine traditions of northern Europe. Think of it as base camp, disguised as a luxurious haven of elegance, comfort and exclusivity.

Ranging from 2,873 – 4,445 SF, there are only 9 homesites 6 homesites available in the first release.

Starting at $865,000 — Parc Foret is a great addition to the Montreux community.

Call us at 775-849-9444 for more pricing details.

Click here to download the Parc Foret brochure.

Montreux Homes Sales

9 Montreux Home Sales January – March 2013
6350 Wetzel Ct. — 3,040 SF ($775,000 list price)
16940 Delacroix — 3,500 SF ($825,000 list price)
5740 Dijon Cr. — 3,499 SF ($849,000 list price)
5945 Gauguin — 3,849 SF ($850,000 list price)
6050 Lake Geneva — 4,470 SF ($1,185,000 list price)

5520 Lausanne — 4,729 SF ($1,195,000 list price)
6034 Breithorn — 5,403 SF ($1,200,000 list price)
5540 Lausanne — 5,410 SF ($1,795,000 list price)
6001 Monte Rosa — 6,886 SF ($2,495,000 list price)
8 out of 9 Sales were Listed, Sold (or Both) by the Luxury Real Estate Team of Brooke, Rob and Monica.

Pending Home Sales in Montreux (7 Total)

5965 Gauguin — ($850,000 list price)
6630 De Chardin — ($949,000 list price)
5695 Alpinista — ($1,090,000 list price)
20659 Chanson — ($1,032,000 list price)
20636 Chanson— ($1,100,000 list price)
5955 Lake Geneva Dr. — ($1,195,000 list price)
5815 Lausanne — ($1,588,000 list price)

Build Your Custom Home in Montreux

If you are interested in building a custom home in Montreux, we highly recommend luxury Reno home builder Lakecrest Builders.

Owners, Jim Smrt and Dave Pearce, have been building some of the most exceptional custom-built homes in the Reno-Tahoe area since the early 1990’s. And, they have been building homes in Montreux from the start!

Through expert craftsmanship and client-focused service, Lakecrest Builders maintains it’s status as the elite builder of custom homes in the Reno-Tahoe area. Jim and Dave work very close with their clients and construction partners to make sure that every detail of your home is built to Lakecrest Builder’s high standards.

Montreux Homes for Sale

For more information on our Montreux homes for sale, click here to view our Montreux listings.

Reno-Lake Tahoe Real Estate Update for November 2012

In the past 3 months, we have been seeing tight housing inventories and stable price increases throughout the Reno-Lake Tahoe real estate market.

Nevada Short Sales

The total available homes on the market in the Reno / Lake Tahoe area has been decreasing. A lot of possible short-sale sellers have postponed listing their homes because of a larger tax liability. This is because the The Mortgage Forgiveness Debt Relief Act is scheduled to expire on December 31, 2012.

Reno New Home Construction

With the real estate market in Reno tightening, there has been some good news regarding new home construction in Reno.

Lakecrest Builders—a custom home builder in Reno—has been riding this wave. They are currently under construction on a handful of custom-built homes in Montreux.

Californians Moving To Nevada

The November 2012 elections will bring a new wave of taxes to the higher-earners in California. This will directly impact business owners and upper-level executives in California.

This is not good for entrepreneurs in California—but it’s great for Nevada real estate.

The real estate leads—email and phone calls—since the November 6th elections have been huge!

I can’t blame Californians for wanting to get out of the state. We have a lot of Montreux homes for sale, and we welcome these new buyers!

Reno Real Estate Market

In the month of October, home sales were up 6% from October 2011. The average home price was $185,000—a 23% increase from a year earlier (Oct. 2011).

  • Months of Inventory = 5.3 Months
  • October Short Sales = 145
  • REO Sales = 37

Lake Tahoe Real Estate Market

The Lake Tahoe real estate market was down 21% compared to a year ago (Oct. 2011). The average home price was $762,000.

  • Months of Inventory = 14.9 Months
  • October Short Sales = 1
  • REO Sales = 1

If you would like more details on the Reno-Tahoe real estate market, feel free to contact me at any time: 775-813-4890. Click here if you would like to schedule a tour of available luxury homes in Reno.

Home Sales Jump to Highest Since May 2010

U.S. sales of previously occupied homes jumped in August to the highest level in more than two years, adding momentum to the housing recovery.

Sales rose 7.8 percent to a seasonally adjusted annual rate of 4.82 million, the National Association of Realtors said. That’s the most since May 2010, when sales were fueled by a federal home-buying tax credit.

It’s good to see a higher sales number that is not accredited to federal stimulus. I think this suggests a more organic sales increase.

The figures were reported the same day the government said U.S. homebuilders broke ground on more new homes in August compared to July.

This new home construction number is also impressive. There is a lot of new home construction happening here at Montreux. In fact, Lake Crest Builders is building three custom homes on the 13th fairway alone!

Still, the recovery is from a depressed level. Sales of previously occupied homes remain below the more than 5.5 million that economists consider consistent with a healthy market.

And the number of first-time homebuyers, who are critical to a housing rebound, slipped to 31 percent from 34 percent.

More Americans appear to be taking advantage of near-record low mortgage rates and prices that are, on average, much lower than they were six years ago.

Yes, mortgage rates are at record lows. However, I am still seeing quite a few cash buyers. This is due to the fact that banks are not approving many buyers. Fix this problem and home sales will really bounce. Many potential home buyers are having difficulty qualifying for loans. Or, in some cases, can’t afford the large down payments required by banks.

Sales might be higher if more homes were available, the Realtors’ group said. The limited supply is helping to lift prices. There were 2.47 million homes available for sale in August. It would take just over six months to exhaust that supply at the current sales pace. That’s the typical pace in a healthy market.

The broader economy may also benefit from recent and more sustainable gains in home prices. When that happens, Americans typically feel wealthier and spend more. Consumer spending drives 70 percent of the economic growth.

Wednesday’s positive reports follow other signs that there is a sustained recovery in housing under way. Home prices are rising steadily nationwide. Sales of new homes are also picking up. And home builders are more confident and are breaking ground on more new homes.

The National Association of Home Builders/Wells Fargo builder sentiment index, released Tuesday, rose to the highest level in more than six years in September. Customer traffic and sales are at their highest levels since 2006, the peak of the housing bubble.

The number of people looking at luxury real estate in Reno, Nevada continues to grow. Every week I see more people looking at Nevada for their new home. Buyers from all around the country… Texas, Arizona, Colorado… but especially California—trust me, a tear-down in the Peninsula is a mansion in Montreux!

Even with the gains in home sales, the market remains weak.

The Federal Reserve last week moved to push mortgage rates even lower. Fed Chairman Ben Bernanke said the bank would purchase $40 billion of mortgage-backed securities each month until the job market improves “substantially.” That could push down longer-term interest rates and spur more borrowing and spending.

The Fed also hopes that lower mortgage rates will accelerate the housing market recovery and boost home prices. That, in turn, could make people feel wealthier and more willing to spend, which would bolster economic growth.

Parc ForĂȘt – A New Development in Montreux

We are excited to announce Montrêux’s newest community, Parc Forêt — an enclave of homes situated in a forested park setting in the South section of the Montrêux community.

As the last large-phase of Montrêux, we have the opportunity to see what has been successful here in the past and build upon those successes.

We have put together a world-class team of architects and designers to create an amazing enclave that combines the best of Montrêux’s history, with new ideas and timeless design.

The architectural team is led by award-winning architect Mark Scheurer — one of the best names in luxury home architecture.

Parc Forêt Release

In the coming weeks, we will be releasing both lots and semi-custom homes. The architectural style of the homes embraces the Alpine traditions of Northern Europe: steep roofs, stone, lighter stucco and wood detailing as exterior elements. The interior floor plans offer covered and open courtyards, great rooms, formal dining areas and spacious garages.

The focus is to create homes that use “open-up” ideas, creating more light and a better relationship to the outdoors including large doors and windows that link to useable outdoor areas as well as to the views of the golf course, valley and mountains.

Parc Forêt Home Size

The homes range in size from 2,800 to 4,700 square feet (without garage space). We are offering 3, 4 and 5 bedroom options. Homesites will be in the tall pines.

Preliminarily, pricing will start under $1 million.

We are in the final stage of the approval process and will break ground on the first homes in the coming weeks.

We are excited to see the beautiful natural surroundings of Parc Forêt and the workmanship of our award-winning architects come to life this year in what we expect will be one of the gems of the Montrêux community.

More Information on Parc Forêt

If you are interested in Parc Forêt and would like to get more information, fill out our contact form — or call me: 775-849-9444.

Reality Check For Californians Facing Higher Taxes

California is facing a massive budget shortfall… $15.7 billion.

In this blog post from Reno Luxury Partners, watch and listen to Rick Santelli of CNBC point out the hard truth about California’s $15.7 billion shortfall and how Governor Brown plans to fill that gap.

Click here to view the post.

Nevada Housing Market

I just read a great article over at the Business Insider!

From Business Insider: (emphasis mine)

To everyone who bought a house in Carson City, Nevada—congratulations, you picked a winner. Your housing market is expected to appreciate at a rate of 11.9% annually between 2011 and 2016.

To everyone else, don’t hide your money under a mattress for the next five years. Here are 15 cities, identified by Fiserv Case Shiller Indexes, where the housing market is growing, and could provide you with some nice returns. Nationally, houses are appreciating on an average of 3.7%, all of these cities have markets appreciating at over 8%.

Note that these are mostly small cities. Regionally growth is concentrated heavily in the Pacific northwest and Central Florida.

This is great news! Everyone who lives in Nevada has been seeing negative press regarding the real estate market in Nevada. This is a nice change!

More from the Business Insider:

#8 (tie) Reno, Nevada

Projected annual growth 2011 to 2016: 9.3%

From peak in 2006 to the end of 2010, Reno suffered a 46% crash. After troughing in Q3 2011, however, the market will bounce back with 4.6% growth in 2012 and faster in the years to come.

The Reno real estate market ranks #8! This is very exciting.

More from the Business Insider:

#1 Carson City, Nevada Projected annualized growth 2011 to 2016: 11.9% Carson homes lost 39% from peak to the end of 2010. After a Q2 2011 peak, expect accelerating growth for the next few years.

I enjoyed reading this report. It adds credibility to what we’ve been experiencing… The past month has been a whirlwind here at Montreux!

Real Estate Sales Rise in December

Sales of existing US homes jumped 12.3% in December, providing an encouraging end to the worst year since 1997, as the collapse in house prices and a wave of foreclosures depressed activity over the 12-month period.

The National Association of Realtors on Thursday said existing-home sales rose from November to a seasonally-adjusted annualized rate of 5.28 million.

November’s sales were revised higher to 4.7 million from the initial 4.68 million reading. The raw, unadjusted figures showed sales rising to 404,000 in December from 355,000 in November.

The jump in the mortgage rate to 4.8%, a rise of roughly a half percentage point from depths, has helped induce on-the-fence buyers back into the market, said Lawrence Yun, chief economist of the National Association of Realtors. The improving economy also helped confidence, Yun said.

Montreux Short Sales

Now that 2010 has come to a finish, I am frequently asked what the year’s final sales stats looked liked.

How many Short-Sales and Bank owned properties vs. regular/traditional sales did the Montreux real estate market see in 2010? Below is a break down of the numbers:

21- Total Montreux Home Sales in 2010

  • 8 Regular/traditional sales (38% of the total)
  • 8 Bank owned sales (38% of the total)
  • 5 Short Sales (24% of the total)

These numbers tell us that in 2010, 62% of home sales were “distressed”. This number falls right in line with the averages for the area.

Buyer’s that took advantage of great buys in 2010 increased the volume of home sales by 19% in 2010, compared to 2009. The increase in home sales can be attributed to the fact that Montreux average home prices decreased by 14%, year over year. The average price per square foot for 2010 was $229.

Now that we took a look back to 2010, it begs the question, what will 2011 hold for Montreux real estate? Has Montreux hit bottom or will there be more short sales and bank owned or foreclosure sales?

Let’s look at the numbers. As of today, there are currently 23 homes on the market. Out of this total, there are 4 available short sales, or 17%. There are currently zero bank owned homes on the market. The supply of short sales and bank owned properties has slowed drastically within the last few months.

Buyer’s, it’s time to get out there and strike a deal! There are not many distressed properties left!

Buying and Selling Luxury Real Estate in Nevada

Although there are many challenges in both buying and selling luxury real estate in today’s economy, the luxury real estate market in Reno has been steady for most of 2010.

I have been working on our year-end reports for Montreux real estate and luxury real estate in Reno. (I will post this report soon). Despite the slow economy, we have made some home sales for our buyer and seller clients.

Here’s a couple tips for both buyers and sellers of luxury real estate.

For Buyers:

Now is one of the best times in history to purchase the home of your dreams. Interest rates are still historically low, with the average long-term fixed-rate mortgage rates below 5%. Home prices remain low, and available homes on the market remain high.

Another important point to make for potential buyers is to find your comfort zone. How much do you plan to spend on your monthly mortgage? This decision should be part of your long-term financial picture.

What is the goal for buying a home? Are you looking to escape the high taxes of California? Do you want to live in a private golf community like Montreux? Now is the best time.

For Sellers:

If you are selling your home, and are worried about selling in a “buyer’s market,” there is some good news. If you get a lower selling profit when you sell your home, you may be able to offset a lower purchase price on your next home.

Whatever your reason for buying or selling luxury real estate in Reno Nevada, make sure to consult with a real estate agent that has a proven record, and past client testimonials and referrals.

If you are looking to purchase luxury real estate in Montreux, Reno, or Lake Tahoe I can help you find that great home! Please take a moment and fill out my contact form, or call today: 775-849-9444.