Tahoe-Truckee Real Estate Market Reaches $1 Billion in 2013 Sales
Buyers drawn to ski-in/ski-out residential offerings of Mountainside at Northstar
which just reached over $120 million in total sales.
In 2013, the Tahoe-Truckee real estate market saw the strongest demand for Lake Tahoe property in nearly a decade, with total sales topping $1 billion for the first time since 2005. Average prices in the market jumped 16 percent from 2012.
"The Tahoe-Truckee real estate rebound is a result of the increasing demand for luxury, on-mountain real estate with year-round recreational opportunities," said Jim Telling, Partner at East West Partners. "Buyers are especially drawn to the new, ski-in/ski-out offerings of Mountainside at Northstar," said Telling.
Mountainside at Northstasr, the on-mountain ski-in/ski out development by East West Partners, is a Tahoe's new true ski-in/ski-out community. "Mountainside offers a unique collection of residential properties with direct access to the slopes. Mountainside owners avoid all the traffic hassles getting to the mountain and simply step out their door into the slopes."
Ritz Carlton, Lake Tahoe
Located mid-mountain, Mountainside at Northstar is anchored by The Ritz-Carlton, Lake Tahoe and includes Martis 25, a collection of twenty-five ski-in/ski-out custom homesites and Home Run, a community of 16 luxury ski-in/ski-out residences. Mountainside sales recently surpassed $120 million in total sales. Home Run's initial phase of residences is sold out; the final phase of residences is now selling. Marits 25 currently has 40 percent of its homesites sold or under reservation.
Martis 25 View
Mountainside owners also enjoy close proximity to the world-class amenities of The Ritz-Carlton, Lake Tahoe and The Village at Northstsar. And coming this summer is Tree House, Mountainside's private pool and fitness clubhouse. For updates and more information on Mountainsdie, visit www.NorthstarMountainside.com or give me a call today!