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
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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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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.
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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!
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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.

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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.


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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.
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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.

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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.
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SUNDAY, DECEMBER 14, 2008

Sales Update December 2008

As we start a new year, we would like to wish you all the best for 2009. With the Presidential election behind us, we can now move forward to hopefully a stronger economy, both locally and nationally.

Although Real Estate sales in 2008 have been universally challenging, Montrêux can proudly report 14 properties sold and $18,950,183 in total sales.

Montrêux Sales in 2008 Include:
2 Lot sales with an average price of $517,500
3 Chalets, with an average price of $1,550,000 and $488 per sq ft. In the spring of 2009 Lake Crest Homes will begin a Chalet Plan 2 on Lot #1017 for our newest homeowners.
4 Renaissance were sold with an average price of $1,248,750
4 Resale homes were sold, including the Cottages, with an average price of $1,667,500


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MONDAY, NOVEMBER 3, 2008

Sales Update November 2008

October was a fantastic month for real estate sales in Montreux, with two home closings.

The Chalet spec home on the corner of Nordend and Chalet was sold to Jeral Beckinger. Ms. Beckinger is relocating from Eldorado Hills, CA and plans to make Montreux her new year-round home. If you see Jeral, please welcome her to the neighborhood!

Additionally, a Resale StoneHaven closed escrow at the end of the month, with new homeowners are also from Northern California.

Montreux continues to represent a good value, and there are definitely some exceptional properties currently on the market. To date, current inventory of available homes include: 12 Cottages, 8 Renaissance, 2 StoneHaven, 2 Les Maison, 2 Chalets, and 18 Custom homes.

In addition, if you know of anyone currently looking for a rental--both short and long term--we currently have a few options available, with monthly rents between $3,000-$4,500.

Please contact Brooke, Louise or Monica at 775-849-9444 for more information.

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WEDNESDAY, OCTOBER 8, 2008

Sales Update October 2008

We often receive requests for an update on Montreux's progress. The following is a recap of where Montreux is today and our exciting plans for the future.

The Montreux Community and Development To-Date:
Montreux began development in 1996 and consists of 726 acres with approximately 550 planed homesites. Of these total homesites, there are approximately 275 Custom Lots.

To-date, all 39 Cottages, all 16 StoneHaven, and 13 out of 14 Creekside Manors have been sold. Currently there are 225 built homes in Montreux with an additional 18 homes under construction. There are already 8 homes that have been passed through the Montreux design review committee with plans to break ground next spring.

The Renaissance community began selling in 2004, and has experienced a stellar sales record. The community is starting its final phase now, with only 12 remaining homesites out of 44 in total. Renaissance has consistently offered the best value for Montreux home owners.

The community of Chalets has had a recent bout of success, with 3 Chalets going into escrow in the last quarter alone. There have been a total of 7 sales, out of the 30 total Chalets. There are still plenty of amazing homesites to choose from for a “built-to-suit” Chalet.

Montreux's Promising Future:
Les Maison is Montreux’s newest community, built by renowned custom builder, Dave Pearce. Construction on the first four Les Maisons, including two models, is currently underway. There will eventually be 64 of these stunning French Cottage styled homes in the Les Maison community. For more information on this new development, contact Rob Wonhof or Jan Houston at 849-9444.

Phase 5 South is the next phase of Custom Homesites. These lots, located to the far Southeast of the community and alongside the 8th fairway, are some of the most anticipated homesites that Montreux will release. This phase of custom homesites represent the very best of what Montreux has to offer – tall pines, views of the Sierra's and the famed "Bear Trap" consisting of hole number 8 and the course lakes. There are a total of 38 lots in this release and only 7 available along the course. An interest list is forming now.

Montreux's successful sales and development history will be matched by even greater things to come. With such wide array of consistent quality and development, there is no wonder why Montreux is considered the Premier Community in Nevada.

Please contact Brooke, Louise or Monica for more information at 849-9444.
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THURSDAY, SEPTEMBER 4, 2008

Sales Update September 2008

This has been the month of The Chalets! Two more Chalets went into escrow!

The new owners of lot #1017 will build the very first Chalet plan #2. This Chalet floor plan is 3480 SF, single-level. Construction will start as soon as weather permits in 2009.

Additionally, the Chalet spec on the corner of Nordend and Bordeaux, will have a new homeowner within a few weeks. With the addition of these deals, this quarter alone has seen three Chalet sales. This type of activity is fantastic for the entire Montrêux Community.

As always, please stop by the Welcome Center for more information on the Chalets and available homes in the Montrêux Community. We are also making great progress on the home-sites along hole #8... these highly anticipated lots offer golf course, trees and mountain views. More information coming soon!
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WEDNESDAY, AUGUST 13, 2008

Sales Update August 2008

We had a fantastic turnout at the Home Tour during the Legends Reno - Tahoe Open! It was great to meet so many new people interested in the homes and lifestyle Montrêux has to offer. A big thanks to all the people who stopped by the booth to say hello and view the houses we had open.

The Home Tour brought 250 prospects through the 4 showcased homes! The visitors raved about the quality and value found in Montrêux.

Since our last update, we have had increased activity in our sales office. A resale StoneHaven has gone into escrow. And, we have yet another Chalet reservation for Lot 1015!

By the way, have your noticed all the road work and infrastructure along hole number 8? Montrêux's putting in the roads to release custom homesites along this hole!

These highly anticipated lots offer golf course, trees and mountain views. Our interest list is growing for these lots... contact Brooke, Monica or Louise at the Welcome Center for more information (849-9444).
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SATURDAY, JULY 12, 2008

Sales Update, June / July 2008

We are excited to announce that Chalet Lot #1010 is in escrow. We proudly welcome our newest residents, Ron Waranch and Uta Bone, from The Reserve in Indian Wells, CA.

Our momentum is carrying through the summer nicely. We are seeing increased traffic and are expecting a great season. Comments recently from visitors were that they were driving down Mt. Rose highway and saw such a beautiful community that they had to pull in and check it out. Many Californians continue to migrate to Reno for tax savings and find Montreux to be the perfect oasis – the ideal lifestyle.

The Renaissance spec home on Cartier for $999,900 has recently been staged for all your friends and family to see. This charming 3,200 sq. ft. home is move-in ready. Additionally, the Renaissance model priced at $1,375,000 is finished and has absolutely spectacular views from almost every room.

The backyard on the Chalet model has been expanded and is getting rave reviews. This beautiful single-level 3,989 sq. ft home is priced at $1,899,000. Come check it out!

We thank you and appreciate all of your generous referrals that help Montreux continue to grow and prosper!

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THURSDAY, JUNE 12, 2008

Sales Update, May 2008

Montreux Home Values Increased by 17%
Despite current economic conditions, Montreux property values continue to rise! When comparing the last year of sales (May 1, 2007- May 1, 2008) to the same period the previous year (May 1, 2006 to May 1, 2007), the average home sales price increased by 17%. Additionally, the average sales cost per square foot increased by 12%. See the charts below, based on MLS recorded sales figures. Both facts provide evidence that Montreux properties are not only increasing in value, but the Buyers are also choosing higher quality of homes than the previous year.

Real Estate Activity Update
We had a great start to 2008 with a total of 10 properties sold in Montreux in the first half of 2008, consisting of one homesite and nine homes. The homes ranged in sales price from $930,000- $2,310,000.

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WEDNESDAY, APRIL 23, 2008

Sales Update, April 2008

Since our last Real Estate Report there has been a buzz of sales activity, further evidence of the vibrant real estate market in Montrêux!

Another Renaissance and a resale Cottage sold in the last month.

In our last article we reported the Renaissance model was sold. The brand-new Renaissance model will be completed by May 31st. Please feel free to give us a call at 849-9444 and we will gladly show you the new exquisite model, located at the end of the Practice Range.

The Chalet Spec home on the corner of Bordeaux and Nordend is now staged. What a difference! This home looks fantastic. Come by to see the results for yourself. This home is 3,176 sq. ft. on a single level with no wasted space. With four bedrooms, a great room, a wine cellar and three-car garage, many have commented that this home has everything that you could want!

Please feel free to stop by the Welcome Center for any updates on available or sold properties and to welcome Monica on board, or call us at (775) 849-9444.

Brooke, Louise and Monica thank you in advance for your referrals that help our community grow and prosper.

(775) 849-9444
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WEDNESDAY, APRIL 23, 2008

Montreux Represents the Highest Value in Reno!

You can’t open up a paper or turn on the evening news today without hearing the latest expert’s opinion on our current real estate market. Many of you have asked, “How are the real estate values in Montrêux holding up?”

Without a doubt, Montrêux has retained the highest property values in this turbulent market. Buyers see added value from Montrêux’s amenities (world-class golf and high architecture standards) setting Montrêux apart from other communities.

The following data was pulled from the Reno-Sparks Multiple Listing Service (from April 1st, 2007, to April 1st, 2008). Of the 24 reported sales in Montrêux, the average sales value per square foot was $424. This value is 35% to 40% higher than our surrounding “high-end” neighborhoods, including St. James Village, Galena/Callahan Ranch and ArrowCreek.

Montrêux continues to represent true value and price stability.
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MONDAY, AUGUST 27, 2007

September Real Estate Report

With the real estate market taking headline news recently, many of you may wonder how is the market in Montreux? Contrary to common opinion, 2007 is shaping up to be a year of strong real estate sales in our community.

We are thrilled to report that from January 1, 2007 to August 20, 2007 there have been a total of 37 properties sold in Montreux; an average rate of 4.3 properties per month. Of the 37 properties sold, 23 were homes and 14 were homesites. This year is shaping up to be stronger than 2006. Comparatively, in 2006 during the same time period only 16 homes were sold and 14 homesites.

Despite the negative press, the real estate market in Montreux is right on track!

New Team Member:
The Montreux sales team has the pleasure announcing our newest addition: Janae Scott. Janae is a Reno native, with over 8 years of real estate experience. Brooke Sullivan and Louise Simpson are thrilled to have Janae on their team. Please feel to stop by the welcome center to meet Janae.

Renaissance Update:
We have a new Renaissance model! The new location is 5990 Cartier, with breathtaking views of the 11th fairway and the Sierras. The brand-new model is open daily and showcases the wonderful open floorplan and stunning atrium of the Renaissance plan #3, with 3,785 SF.

Renaissance continues to represent the best value at Montreux with prices starting at just $999,000 for 3,200 SF. We have golf course and Sierra mountain view lots available, with three, single-level plans to choose from, ranging from 3,200-3,785 SF. Come by welcome center for more details.

The Last CreekSide Manor:
If you are looking for the very best of maintenance free living, beautiful custom details, and the sound of Galena creek at your back steps, the CreekSide Manor is for you! There is only one of these truly special homes left. Located at 6554 Champetre, this newly completed home offers three enormous bedroom suites and a great room design for $1,999,000.

For more information on any available properties, please feel free to contact:
Brooke, Louise or Janae at 775-849-9444
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SUNDAY, MARCH 25, 2007

April 2007 Real Estate Report

Market Update for 1st Quarter of 2007:

Montreux is proving many real estate skeptics wrong! The first Quarter of 2007 has seen some very strong real estate activity. In the first three months of 2007, there have been 18 homes and 7 homesites, either in contract or closing.

Below is a summary of the 18 homes and 7 homesites that have sold.

Renaissance can boast the sale of 5 closed properties priced from $1,040,000-$1,549,000. Additionally there are 2 homes in escrow with closings planned in early May. There is also 1 resale Renaissance home currently in escrow.

The Creekside Manor's have also seen quite a few closings in the first part of this year. A total of three Manor homes have closed escrow this quarter, with prices between $1.5 and $2.4 million.

As for Cottages, there has been one resale closing at $1,150,000 and the very last Developer Cottage will close the first week in April.

The Chalet's continue their strong start with another sale in the first quarter.

The Phase 9 lots have also had a robust beginning, with 7 lot sales in the first quarter alone! Contract prices ranged from $415,000-$615,000. A total of nine Phase 9 lots have been sold.

Finally, custom resale homes have seen some nice recent activity. There are four custom homes scheduled to close escrow by early May, with list prices between $1.6 and $2.5 million.
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SUNDAY, MARCH 4, 2007

February 2007 Sales Reports

The February 2007 Montreux Real Estate Reports are now available for download:
Please click here to download the February 2007 HOMES for Sale Report.
Please click here to download the February 2007 LOTS for Sale Report.
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THURSDAY, JANUARY 4, 2007

December 2006 Sales Reports

The December 2006 Montreux Real Estate Reports are now available for download:
Please click here to download the December 2006 HOMES for Sale Report.
Please click here to download the December 2006 LOTS for Sale Report.
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WEDNESDAY, NOVEMBER 1, 2006

October 2006 Sales Reports

The October 2006 Montreux Real Estate Reports are now available for download:
Please click here to download the October 2006 HOMES for Sale Report.
Please click here to download the October 2006 LOTS for Sale Report.
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SATURDAY, JULY 1, 2006

July 2006 Sales Reports

The July 2006 Montreux Real Estate Reports are now available for download:
Please click here to download the July 2006 HOMES for Sale Report.
Please click here to download the July 2006 LOTS for Sale Report.
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THURSDAY, JUNE 1, 2006

June 2006 Sales Reports

The June 2006 Montreux Real Estate Reports are now available for download:
Please click here to download the June 2006 HOMES for Sale Report.
Please click here to download the June 2006 LOTS for Sale Report.
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MONDAY, MAY 8, 2006

May 2006 Sales Reports

The May 2006 Montreux Real Estate Reports are now available for download:
Please click here to download the May 2006 HOMES for Sale Report.
Please click here to download the May 2006 LOTS for Sale Report.
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SUNDAY, APRIL 2, 2006

April 2006 Sales Reports

The April 2006 Montreux Real Estate Reports are now available for download:
Please click here to download the April 2006 HOMES for Sale Report.
Please click here to download the April 2006 LOTS for Sale Report.
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TUESDAY, FEBRUARY 28, 2006

March 2006 Sales Reports

The March 2006 Montreux Real Estate Reports are now available for download:
Please click here to download the March 2006 HOMES for Sale Report.
Please click here to download the March 2006 LOTS for Sale Report.
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MONDAY, FEBRUARY 6, 2006

February 2006 Sales Reports

The February 2006 Montreux Real Estate Reports are now available for download:
Please click here to download the February 2006 HOMES for Sale Report.
Please click here to download the February 2006 LOTS for Sale Report.
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TUESDAY, JANUARY 10, 2006

January 2006 Sales Reports

The January 2006 Montreux Real Estate Reports are now available for download:
Please click here to download the January 2006 HOMES for Sale Report.
Please click here to download the January 2006 LOTS for Sale Report.
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