Montreux Real Estate Report: Sales Update October 2009

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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

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