We are very happy to announce the sale of our Big Horn 307 listing in the Village at Northstar. It took awhile but in the end we have happy people all the way around.
This is a great example of the crazy fall in the Truckee Tahoe market. Big Horn 307, one of the best 2-bedrooms in the Village at Northstar because of the size-extra 1/2 bath-location, didn’t have an offer for a year and then there were 3 in a week. It was on the market for over a month at $799,000 and then sold for $11,000 over asking price.
Sometimes it just takes time or should we say the right timing.
Activity in the Village has picked up this fall. There have been four closings in the last two months. There are two 1-bedrooms in escrow now. The 1-bedrooms starting to move is a big step in the overall recovery of the Village market. The 1-bedrooms have been slow to move although for good reasons. They rent so well sellers are reluctant to lower pricing as they don’t have financial pressure with the strong rentals. It seems the market is starting to accept this and it is showing in sales activity.
Doug
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