Lahontan has bounced back after a very quiet first half of 2017. In 2016 twenty four Lahontan homes sold. The first six months of 2017 only five Lahontan homes sold. Lahontan is now up to sixteen sales with the outside chance of being able to catch up to 2016’s sales numbers.
Most would have attributed that to the huge winter to slowing the sales process in Lahontan but during the same time period Gray’s Crossing and Martis Camp were eclipsing the record paces of 2016. Both Gray’s Crossing and Martis Camp have now eclipsed their 2016 total sales numbers for 2017.
2016
Gray’s Crossing 18 Sales
Martis Camp 43 Sales
2017
Gray’s Crossing 21 Sales YTD
Martis Camp 45 Sales YTD
However, I think the real reason was the lack of new inventory in Lahontan. The thirst for new, whether it be new mountain traditional or new mountain modern/contemporary, it just needed to be new and not an Old Tahoe design that was in need of a remodel. Of the eleven sales the second half of the year five of them were either brand new or built within the last 1-5 years. Three of the others were in the 5-10 year old range. There is a lot of construction going on in Lahontan right now and all indications show they will all move quickly in 2018.
Doug
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