Gray’s Crossing UpdateShane Jones, October 2, 2015 in Gray's Crossing, Market Updates, Real Estate
The last few weeks have seen 32 properties sold and another 75 added to the MLS for the Tahoe Truckee area. All signs point to a strong fall selling season.
I wanted to take a moment and look at the community of Gray’s Crossing as it continues to grow and thrive in our market. Year to date there have been 6 homes sold and there are currently 2 more pending leaving only 4 homes currently available for sale. The average Days On Market was 75 which is a good number considering most of the homes are vacation or second home owners. With that said, Gray’s is a community with a good mix of full time and vacation homes, with an identity that has a warm and welcoming sense of community with amenities that are very attractive to buyers. PJ’s Restaurant has been very popular and successful, with some of the best outdoor dining in Truckee. It has extended a 15% discount to property owners, which is a nice gesture. The fall is always a great time to enjoy golf and PJ’s is a fun atmosphere for the entire family – especially during football season. The golf course and PJ’s have a closing date of October 18th, so come enjoy over the next few weeks. Below are a few numbers on the Gray’s Crossing community:
– 69 completed homes out of 377 total homesites
– 31 homes under construction and or near completion
– 16 homes with final approval from Design Review committee
With a successful IronMan in the books we look to another challenging event with great weather this weekend at Squaw Valley. The Spartan World Championship with take place at Squaw Valley this weekend October 3-4 with the Beast category covering 12-14 miles with 30-35 obstacles and a finish time around 3 hours. Should be crazy and exciting…
MY PICK OF THE WEEK:
With the news of Gray’s Crossing above I would like to point out a perfect blend of mountain modern and craftsmanship with this 4 bed 4 bath 3,400 sq.ft. home just steps from the amenity core. The sellers are currently building a privacy wall for the patio to help create a private environment and enjoy the surrounding nature. The designers set out to deliver well conceived thoughtful spaces with game/office nooks, media room, large laundry/mudroom and large master with seating nook and walk-out covered patio. You will appreciate custom accents with arched entry, stone fireplace, cedar ceilings, and reclaimed materials. The kitchen is ready to entertain with Pro-Series Thermador appliances throughout.