The third quarter represented a good boost to the Lahontan real estate market. The overall Lahontan market had been slightly off pace through Q1 and Q2 given the historic winter snow levels and the delayed opening of the golf course due to green complex renovation. The extraordinary summer lifestyle experience at Lahontan was in full bloom during Q3 and translated into 8 home closings 4 new home escrows , 8 lot closings and 4 new lot escrows. Inventory levels have balanced out giving more price control for home sales with an average price of closed homes of $2,567,333 through Q3 of 2019 as compared to $2,227,731 through Q3 of 2018. Despite a relatively sluggish start to the year for lot closings (4 through Q1 and Q2) the market realized 4 lot closings in Q3 as well as 4 new lot escrows. With a good selection of home and lot inventory available across a multitude of price points we anticipate a steady amount of Buyer interest as we finish the year and head into the winter season.
The Lahontan Realty team’s specialized approach and expertise to both the Lahontan and Martis Camp markets continue to yield incomparable results for buyers and sellers including the highest home price sold in the last 8+ years and the highest price per sq ft home in escrow. If our market expertise can be of assistance with helping you buy or sell a property at Lahontan please call our professional team of agents at 530.550.1102.
