Luxury real estate market trends, developments and marketing.

Montreux Real Estate Update for December 2014

There has been some exciting news for Reno since our last luxury real estate update!

The announcement that Tesla has chosen Reno—out of a field of stiff competitors—to build its $5 Billion “Giga Factory” has launched a tsunami of excitement and positive PR for the whole Reno area.

Following are some interesting links from well-regarded sources that agree that Tesla’s decision will be a “Reno Game Changer” for our area:

Montreux Real Estate Sales Update

Montreux’s real estate sales have continued at a brisk pace and 2014 has proved to be the “come back” year for real estate prices. Most are expecting this positive trend of appreciation to continue with the steady business growth and positive tax structure bringing businesses and families to Northern Nevada in general.

Following is a summary of 2014 sales, compared to last year’s numbers.

2014 Montreux Home Sales Summary (Year to Date):

  • Total Sales — 22 Sold; 6 Pending
  • Average Sales Price: $1,568,549, Average $/SF: $350
  • 23% increase on average sales price compared to 2013
  • 13% decrease in volume of sales compared to 2013

2014 Montreux Lot Sales Summary (Year to Date):

  • Total of 10 sold, 3 Pending
  • Average Sales Price: $396,827
  • 33% increase on average sales price compared to 2013
  • 41% decrease in volume of sales compared to 2013

This Month’s Featured Montreux Listings

20705 Parc Foret

Brand New Parc Foret Home

20705 Parc Foret — 2,873 SF, .43 acre, 3 Br, 3.5 baths, 3 Car

Brand new and much anticipated “Parc-Foret” home. Construction was just completed. Single level, great room design with tall ceilings and very open plan. Huge windows allow for maximum light! All three bedrooms are en suite. The landscaping is extensive, including a large flowing rock water feature and firepit, perfectly situated to capture the views of Mt. Rose. Loaded with quality details and finishes – granite, wide tile floors, wine fridge, stainless appliances, custom lighting package. This house is built by award winning builder “HomeCrafters”. Located in the tall Pines and a stones’ throw from the famed Montreux golf course, and miles of walking and biking trails.

» Click Here To View Listing Details

5825 Strasbourg

12th Fairway Montreux Beauty

5825 Strasbourg | 4,602 SF, .53 acre, 3 BR + 3.5 Baths, 3 car

Beautiful and well cared for home overlooking the 12th Fairway at Montreux. Quality details seen throughout this luxurious custom home, with a comfortable great Room design and open floor plan. Enjoy an abundance of natural light with lots of windows and high ceilings. The views of the course and the Montreux trees are stunning with an overall modern and elegant look.

Other highlights include a large kitchen, open to the Great Room and breakfast nook. A separate formal dining room opens to the great room. Also downstairs is a cozy den/TV/family room, plus a separate office. The master suite is gorgeous and oversized with domed ceiling, lots of windows with super views, gas fireplace and a sitting area. Master bath includes two separate vanities, separate shower, jetted tub, water closet with bidet and his and hers closets. The exterior of the home was just re-painted. Like new!

» Click Here To View Listing Details

6005 Lake Geneva

Quality Custom Home on the 16th Green!

6005 Lake Geneva | 5,801 SF, 1.19 acre, 4 BR + 4.5 Bath, 3 Car


Beautiful and elegant home overlooking the 16th green and fairway at Montreux and with unobstructed views of Mt. Rose and the Sierras. Top quality construction by Neil Adams. Property is also adjacent to common area. First floor includes the master suite, formal dining room and living room. Gracious staircase and elevator to the upper floor which includes 3 Bedrooms with baths and a TV/game room. Master suite includes exercise room, enormous closet, steam shower, jet tub and his and hers water closets. Beautifully landscaped with rock walls, water features and multiple patios with great views!

» 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
$2,700,000 $2,550,000 Price reduced!

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.

The main floor living features a beautifully appointed living room with big picture windows, a family room open to the gourmet chef’s kitchen with granite island, separate formal dining room, 300 bottle wine refrigerator, sunny breakfast nook, and a charming guest suite. Upstairs there is a luxurious master suite, two guest bedrooms, an office, and a bonus/media room. The guest casita is detached from the main house and has its own entrance. Perfect as a guest retreat! There is no better way to entertain outdoors than in this setting. The view will knock your socks off with a rare double fairway view of the 6th & 8th fairways and golf lakes.

» Click Here To View Listing Details

6543 Galena Canyon Trail

Stunning Custom Home with First floor living on a Premier Double Fairway

20122 Bordeaux | 5,378 SF, .70 acre, 4 BR + 3.5 Baths, 3 Car

This exceptional Montreux custom home offers the very best in quality construction & appointments, on a premium double fairway lot. Located in N. Nevada’s premier gated Jack Nicklaus community-just 20 minutes to Lake Tahoe & 15 minutes to the airport. The floorplan is open & bright with an abundance of large picture windows. Truly a “great room” design; open to the gourmet kitchen & exuding casual elegance. The main level living includes a formal dining room, wine room, master suite, office/den, & 3 fireplaces.

With its private sanctuary upstairs, 3 guest rooms & bonus room, perfect for casual gatherings & an enormous deck with stunning double fairway views. Extensive use of granite, stone, hardwood floors, handmade beams, custom mill work, solid Alder doors & moldings throughout. Eastern views of the 6th& 8th fairways are some of the best in Montreux! Award winning landscaping, all paver patios, built-in BBQ with food prep area, outdoor fireplace & hot tub. Other features include all Thermador appliances, Uline beverage coolers, 325 SF basement & 140 SF of full height attic space for extensive storage. Full Lutron lighting system interior & exterior with intelligent computer controlled HVAC and pre-engineered elevator shaft. Equity Golf membership included.

» Click Here To View Listing Details

5860 Lausanne

Custom Classic — Ideal for Families and Entertaining

5860 Lausanne | 6,583 SF, .94 acre, 5 BR + 5 Baths + 2.5 Half Baths, 4 Car

This custom classic offers the very best of what Montreux has to offer. Situated in the premier, tree lined street of Lausanne on nearly a full acre of mature landscaping. Enjoy the privacy and vistas afforded by a rare double fairway location (14 & 15). Built by acclaimed and award winning builder Lake Crest Homes, this home completes your checklist for quality, location, and floorplan. Perfect for entertaining and varied family gatherings. The gourmet kitchen has it all: ample light from a multitude of oversized windows, and top of the line appliances.

Enjoy every day living on the main level, with the master suite, office, formal dining, great room, and two guest suites. Upstairs you will find 2 more guest suites, & a bonus/game room. Enjoy the vistas of the mountains, trees, and Jack Nicklaus Signature golf course from 3 balconies or the secluded & spacious back patio. The Montreux Golf and Country Club is 15 minutes from the airport, 20 minutes from Lake Tahoe, and only minutes from shopping and fine dining.

» Click Here To View Listing Details

Reno Luxury Real Estate Agents

Luxury Real Estate Partners

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

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

October Update for Parc Foret at Montreux

As any Reno Nevada resident will tell you, fall is a beautiful time of year in the Montreux Community. The crisp air and quaking aspens serve as a reminder to get out on the golf course or enjoy one of many local trails before winter truly sets in.

As the trees along the walking path begin to change color and lose their leaves, we invite you to stop by the Welcome Center and hear about the many great things going on at Parc Foret real estate development.

Parc Foret Construction at Montreux

We continue to see plenty of interest and tours of the models are taking place regularly. Construction is moving along on a number of home sites. Additionally, preliminary grading, excavation and retaining wall construction is underway for lots in our second release of Parc Foret.

The buyers of these homes will benefit from a shortened construction period, alternatively they could be used for spec homes since the market continues to gain steam, and we’ve seen demand for completed Parc Foret homes.

The second Parc Foret release will also include modified versions of our floor plans to include a finished walkout basement on our sloped lots, which adds significant square footage while keeping with the great open floor plans of the everyday living being on the main level.

First Homeowners at Parc Foret

We are also pleased to announce that our first few new homeowners will be moving in this fall.

It has been a wonderful experience working with all our buyers thus far, so look forward to seeing some friendly new faces in the Montreux community.

Please remember, the model homes are there for you to tour. Contact your luxury Reno homes team today.

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.

February 2013 Montreux Real Estate Report

Since December 2012, luxury real estate activity in Reno Nevada has been crazy hot!

Californians are exiting the state in droves, with a lot of wealthy people moving to Nevada.

I know this, because I meet people from California every, single, day. It is amazing the amount of people leaving.

Hard to blame them, of course. Not many people enjoying living in a state that leaches on to the wealthy and punishes success.

What I like most, is people are finally realizing how beautiful Reno Nevada is. And, they can really see themselves living here—in a lot of cases, moving their entire business to Reno!

At any rate, let’s get on to the sales report.

Since the beginning of the year we have had 3 homes sales and another 12 homes go into escrow. We have had 2 custom lot sales and another 2 lots go into escrow.

Montreux Homes Sales

6034 Breithorn Ct. — Listed at $1,100,000
6594 Champetre Ct. — Listed at $1,395,000
5920 Lausanne Drive — Listed at $1,689,000

Pending Home Sales in Montreux

6350 Wetzel Ct. — Listed at $775,000
16940 Delacroix Ct. — Listed at $825,000
5740 Dijon Cr. — Listed at $849,000
5965 Gauguin — Listed at $850,000
5945 Gauguin — Listed at $850,000
5695 Alpinista Cr. — Listed at $1,090,000
20659 Chanson Way — Listed at $1,032,000
20636 Chanson Way — Listed at $1,100,000
6050 Lake Geneva Dr. — Listed at $1,185,000
5520 Lausanne Dr. — Listed at $1,195,000
5540 Lausanne Dr. — Listed at $1,795,000
6001 Monte Rosa Ct. — Listed at $2,495,000

Custom Montreux Lot Sales

16880 Delacroix (Lot #721) — Listed at $115,000
6745 De Chardin (Lot #918) — Listed at $237,000

Pending Montreux Lot Sales

16845 Salute Ct. – Lot #815 — Listed at 99,000
6605 De Chardin – Lot #911 — Listed at $249,000

Luxury Real Estate in Reno

If you are interested in taking a personal tour of Montreux and viewing additional luxury properties in Reno, contact Brooke, Monica or Rob today by clicking here.

The Montreux Welcome Center is open 7 days per week, and we are always available by phone at 775-849-9444.

Build a Custom Home in Reno and Lake Tahoe

As mentioned above, we have experienced an increase in buyer activity for custom lots in Montreux and South Reno.

If you are interested in building a custom home in Montreux, South Reno, Lake Tahoe or Martis Camp—we highly recommend Northern Nevada’s well respected custom home builder, Lakecrest Builders.

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.

Montreux Real Estate Report September 2012

We have been quite busy showing off Montreux in all its summer glory! It’s a wonderful time of year to tour perspective Buyers and to hear their astonishment at what an exquisite treasure Montreux is! The common theme is prospects from California, fleeing the oppressive tax climate and looking for the “better life” in Montreux.

There has been some very positive activity in the Montreux Real Estate arena; following is a recap of where we are for the first half of 2012:

Montreux – “A Balanced Market”

Montreux real estate sales have continued on a steady pace of nearly 2 sales a month so far in 2012. There have been 14 home sales in Montreux this year, with an average sales price of $1,228,285. Seven of the 14 sales were over $1,000,000.

As for current inventory, there are currently only 30 homes on the market. To assess the current absorption rate (current inventory divided by sales), the resulted absorption rate is 47%. This rate indicates a 6 month supply of inventory and is characterized as a “balanced or transitional market”.

Montreux Home Sales:

6155 Lake Geneva — 6,015 SF ($1,190,000 list price)
20377 Bordeaux — 6,244 SF ($1,125,000 list price)

Montreux Pending Sales:

6180 Lake Geneva — 4,200 SF ($899,000 list price)
6564 Champetre — 5,609 SF ($1,998,000 list price)

This Sale Represents the Highest Selling Price for a Reno Home

Highest Home Sale in Reno

The premier property in Montreux! This beautiful, custom-built home sits on a 1.3 acre site overlooking the Signature Fairway at Montreux, home of the PGA Tour’s “Reno-Tahoe Open”.

At a spacious 13,043 sq ft, this home offers panoramic views sweeping from East to West from the Virginia Highlands and the Sierras.

Top-quality finishes throughout, including: 7 themed Bedrooms including a 780 sq.ft. Master Suite w/ Cedar lined Walk-in Closet, Fireplace and magnificent views, a 10 car garage and boasts the only swimming pool in the Montreux Community.

If you are interested in listing your home, contact Northern Nevada Luxury Real Estate Partners today!

Montreux Real Estate Report

Here’s two questions I get asked every day:

  1. “How is the real estate market in Montreux?”
  2. “What are the recent sales trends?”

Fair questions.

Here’s what everyone REALLY wants to ask: “Is now the time to buy?”

I can’t blame them. Knowbody wants to feel like they overpaid for something. They want to know if prices have stabilized.

So instead of trying to guess, let’s look at the numbers

Comparing 2010 sales to 2011 (as of 10/1/11):

  • 2010 had 21 total home sales
  • 2011 has had 18 homes sales to date, and 6 homes are currently “Pending”
  • 2010 had one sale over $2 Million
  • 2011 has had 3 homes over $2 Million, to date
  • 2010 had an average sales price of $905,923
  • 2011 has an average sales price of $1,199,514, to date

These numbers tell me that high-end real estate—specifically Montreux—is fairing much better this year, compared to last year.

Montreux is on track to do significantly better than the previous year, both in terms of sales volume and sales price.

So far this year, we have had an average of 3 to 4 sales per month.

Here’s another statistic for you: For Washoe County 2011, 60% of all sales over $2 million dollars in were in the Montreux community.

If you’re asking yourself, is now the time to buy? My answer is yes.

For Buyer’s considering Montreux, the majority of home and lot prices represent an incredible value.

Consider the following:
Montreux purchase prices were 20-50% less than the prices of 2007. Some sales prices today are at their lowest point since Montreux’s inception in 1996.

It’s important to note that not all sales have been at give-away prices. In Montreux, for 2011, approximately 25% of the sales have been distressed—either short sales or REO’s. The remaining 75% have been regular sales, suggesting that Monteux represents a stable community. In the last quarter, Montreux saw the highest price per SF sale of the year, at $348/SF and the highest lot sale since April of 2009.

The average sales price per SF is $239/SF this year. The high at the end of 2007 was over $562/SF

Montreux Real Estate Update September 2011

One of the very best month’s in Northern Nevada is upon us! It doesn’t get much better than a sunny and calm September day!

The weather in Reno has been in the low 80’s all month. The Montreux golf course is in fantastic shape, and there is just a hint of fall approaching with the start of autumn colors in the trees.

As you will see from the list of sales over the past month, August was booming! The Reno-Tahoe-Open was a huge success at the beginning of last month and the momentum carried us through to the start of September.

We are thrilled to report that since the last update, three homes and one lot went into escrow and four homes sold.

We saw our highest house (price/SF) and lot sale so far this year! Not a bad way to end the summer! Hopefully the last quarter of 2011 will continue on the same high note.

Has Montreux Seen a Pricing Bottom?

We are often asked how the real estate market in Montreux is, and what the recent sales trends are. Everyone wants to know if prices have stabilized.

And, the Big Question: Is NOW the time to buy?

Following is a summary of this year’s sales compared to the previous. As you can see Montreux is on track to do significantly better than the previous year, both in terms of sales volume and sales price.

Comparing 2010 sales to 2011 (so far):

  • 2010 had 21 total home sales
  • 2011 has had 17 homes sales to date, and 6 homes are currently “Pending”
  • 2010 had one sale over $2 Million
  • 2011 has had 3 homes over $2 Million, to date
  • 2010 had an average sales price of $905,923
  • 2011 has an average sales price of $1,220,074, to date

Pending Home Sales:

  • 20620 Latour — 3,192 SF $550,000 (list price)
  • 16800 Delacroix — 3,838 SF $895,000 (list price)
  • 5835 Strasbourg — 3,990 SF $1,395,000 (list price)

Pending Lot Sales:

  • #151 Foret — $395,000 (list price) *Highest lot sale of the year!

Home Sales:

  • 6435 Dubrou — 2,275 SF
  • 6031 Lake Geneva — 4,605 SF
  • 20402 Bordeaux Dr. — 4,809 SF *Highest price per SF of the year.
  • 6440 Dubrou — 7,651 SF *Third sale over $2 Million so far this year.