TUESDAY, JANUARY 26, 2010

2009 Sales Summary

The overall trend of real estate sales in 2009 showed improvement over 2008. The total number of homes sold significantly increased year over year, yet the pressure on prices was also evident. There was a total of 17 homes sold in 2009, an increase of 30% compared to 2008. Additionally, 5 custom lots sold. This is a 40% increase compared to the previous year. Although overall sales numbers increased in 2009, home prices dropped. The average price per square foot for the homes sold in 2009 dropped by 30%, in comparison to 2008. With the correction in prices, many of the buyers in 2009 found Montreux homes now represented an incredible value. Of the 22 properties that were sold in 2009, the sales break down included: 1 Chalet 1 Cottage 2 Creekside Manors 4 Custom Homes 9 Renaissance Homes 5 Custom Homesites

FRIDAY, OCTOBER 23, 2009

Sales Update October 2009

Since the last sales report, property sales in Montreux have continued at a solid pace. There have been a total of 5 closed sales. Additionally, five properties are currently “Pending” with closings planned before Thanksgiving.

The trend of best priced properties, or perceived “best value”, have attracted the most activity. Price continues to be the largest factor in motivating Buyers. The under $1,000,000 market in Montreux has received the majority of interest and sales.

Renaissance is the area in Montreux that has seen the most offers and ultimately sales. With 60% of all recent sales activity, the Renaissance area is currently “sold out”.

Following is a summary of the recent sales activity in the Montreux community, since September 1, 2009.

Sold Properties in Montreux:
6375 Wetzel (Cottage) - $479,000 1707 SF
5925 Cartier (Renaissance home) - $550,000 3194 SF
16845 Delacroix (Renaissance home) – $628,000 3785 SF
6594 Champetre (Creekside Manor) – $1,225,000 3100 SF
5099 Nestle (Custom Home) - $2,250,000 5894 SF

Current Pending Properties in Montreux:
4505 Alpes (Custom home) – 4623 SF
5860 Cartier (Renaissance Custom Lot) – 1.13 acre
16925 Delacroix (Renaissance home) – 3500 SF
5965 Cartier (Renaissance home) – 3200 SF
5900 Cartier (Renaissance home) – 3785 SF

WEDNESDAY, AUGUST 19, 2009

Sales Update August 2009

All of those fence sitters and deal watcher's look out... the inventory of the best priced homes in Montreux is getting thin!

The trend over the last month has been to clear out the least expensive homes in Montreux, and they are going quickly! Four of the very best priced homes have gone into escrow in just the last month alone.

With prices ranging from $575,000-$749,000, the properties in escrow include:
5965 Cartier
16845 Delacroix
5860 Cartier
5925 Cartier

Currently, the best priced home on the market in Montreux is:
$669,000 for a 2,259 SF, 2 BR Cottage.
The next best priced deal is:
$849,000 for a 3,500 SF, 3 BR+ den Renaissance home.

To learn more about what is going on in the Montreux community, please call the Montreux Welcome Center at 775-849-9444 and speak with Brooke, Monica, or Louise.

SATURDAY, JULY 11, 2009

Sales Update July 2009

The summer activity has continued with Buyers taking advantages of some incredible Montreux deals.

Since the last report the following homes have closed escrow: two Renaissance homes on Delacroix, the Chalet model on Latour, and a Custom home on the second fairway and Jung Ct.

In addition to these sales, there are two new properties in escrow: a custom home on Chambery and a developer homesite.

We welcome these families as the newest additions to the Montreux community!

TUESDAY, JULY 7, 2009

Montreux's 9th Annual Concert on the Green

We're happy to announce our 9th Annual Concert on the Green... an outdoor concert, in the heart of Montreux.

Sunday, August 2nd
Picnic: 4 – 5:30pm | Concert: 5:30 – 7:30pm
Montreux Practice Hole

Bring your food, beverages, blankets and low-back chairs to this picture-perfect outdoor setting and enjoy the unforgettable sounds of the Reno Jazz Orchestra and Vocalist Cami Thompson.

Wine, beer and non-alcoholic beverages will be sold at the event. You can purchase picnics from the clubhouse for $15 by contacting the clubhouse at 775-849-9911 by July 27th.

Invitations will be emailed to you shortly. You will need to present the hard-copy invitation at the security gate for entry.

Concert brought to you by Montreux Development Group, Ashley Quinn, Dickson Realty, les Maisons at Montreux, Ticor Title and Whittier Trust Company.

We look forward to seeing you at this great event!

SUNDAY, MAY 31, 2009

Sales Update May 2009 -- Montreux Sales are Heating Up!

May has been a tremendous month for real estate activity in Montreux! With 5 new homes in escrow and 2 custom lot sales, there was more action in May than the four preceding months combined.

The general consensus is that Buyer's realize prices may be as low as they are going to go. It’s time to snatch up the deals!

Following is a list of Montreux sales activity for May alone:
16840 Delacroix – List Price $799,000 –- in escrow
16825 Delacroix – List Price $1,099,000 –- in escrow
5885 Chambery – List Price $1,550,000 –- in escrow
20525 Latour Way – List Price $1,649,000 –- in escrow
6617 Jung Ct – List Price $2,100,000 –- in escrow
6029 Lake Geneva – List Price $1,999,000 –- one year lease signed

Custom Lots Sales in May:
Lot 906
Lot 907

We're very excited about this new momentum! If you would like information on these any Montreux values or any other property in Montreux, please feel free to contact Brooke, Monica, or Louise, Montreux’s Exclusive Real Estate Agents, at 775-849-9444.

TUESDAY, MAY 19, 2009

U.S. home builder sentiment rises in May

WASHINGTON (Reuters) - U.S. homebuilder sentiment jumped to its highest level in eight months in May, a private survey showed on Monday, supporting views that the three-year housing slump might be close to an end.

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 16 from 14 in April, in line with market expectations.

The NAHB attributed the second consecutive monthly increase in the gauge -- which measures builder confidence in the market for newly built, single family homes -- to "the best home buying conditions of a lifetime."

"This continued increase indicates that home builders feel we're at or near the bottom of the market and that positive signs lie ahead for builders and potential home buyers, provided that builder access to production credit significantly improves," said NAHB chief economist David Crowe.

Other housing indicators have recently shown a sharp slowing in the pace of the market's decline, raising optimism a bottom was not too far away.

The collapse of domestic house prices and the subsequent global credit crisis were the main catalysts for the U.S. recession, now in its 17th month.

The report also showed two out of three subindexes of the Housing Market Index rising in May. The current sales conditions gauge climbed two points to 14, while the sales expectations measure for the next six months rose three points to 27. The traffic of prospective buyers index was unchanged at 13 in May.

****
This is good news for everyone at Montreux and the economy as a whole. The index (The National Association of Home Builders/Wells Fargo Housing Market Index) for May jumped to its highest level in eight months, adding support to the view by some that the housing slump might’ve already bottomed. It was the second consecutive month it rose (although the gain only matched expectations).

Click here to read the original article.

TUESDAY, APRIL 28, 2009

Sales Update April 2009

Since the March sales report, we are thrilled to announce there have been 3 successful closings in Montreux. Two golf course custom homesites sold. Additionally, a custom home on Lausanne closed escrow for $2,200,000.

What a great way to kick off our summer selling season and buck the trend of reported slow real estate sales!

Following is a tally of the 2009 Montreux sales numbers:
• 3 Custom Lots (all golf course properties)
• 1 Brand New CreekSide Manor
• 1 Renaissance Resale
• 1 Custom Home

Lately, we have received consistent feedback from potential Buyers that there are some incredible values in Montreux right now and it is time to start snatching up some deals!

To hear more about any of these opportunities please visit the Welcome Center--open daily--or call 775-849-9444.

THURSDAY, MARCH 26, 2009

Sales Update March 2009

Buyers are definitely coming out of the woodwork for some of the best pricing that Montreux has ever seen! It is encouraging to see the start of some momentum.

The evidence of Buyers taking advantage of some incredible values has been seen in the past month. A custom lot, a Creekside Manor, and a Renaissance home have all closed escrow in Montreux just in the past 30 days.

The significant price reductions we reported last month caught the attention of some of our fellow members. The Creekside Manor was sold to our newest Montreux residents from Incline Village.

Additionally, a custom homesite along the first fairway closed escrow and another fellow Montreux member purchased a Renaissance home.

If you would like information on these amazing Montreux values or any other property in Montreux, please feel free to contact Brooke, Monica, or Louise, Montreux’s Exclusive Real Estate Agents, at 775-849-9444.

TUESDAY, FEBRUARY 24, 2009

Sales Update February 2009

In the February 9th issue of Portfolio magazine, Economist John Cassidy writes ... "There's a risk we may again overshoot the mark: As the economy goes down, we could be overemphasizing the negative just as we exaggerated the positive on the way up. By the end of this year, if all goes well, there could be tentative signs of an upturn."

Real estate sales in Montrêux have definitely picked up during the first 60 days 0f 2009. Currently there are 5 pending sales in Montreux: 2 Renaissance homes, 1 Custom home, 1 Chalet, and 1 Custom Lot. This is a significant increase in sales activity from the previous quarter.