What's Happening in the Montreux Real Estate Market?
Learn about Montreux real estate's supply & demand, median prices of homes sold, and historical home values.
Introduction -- Montreux by the Numbers
10-Year History of Montreux Home Values
Months Supply of Inventory (MSI)
Montreux by the Numbers
(Montreux Housing Numbers for July 2011)
$518,100 Median Value of Homes in and around Montreux (or $580,000 if you look at the latest number from MLS).
7 Homes sold
114 Homes For Sale
14.4 Months (Months Supply of Inventory)
7 Homes sold
$564,307 Average Price of Homes Sold
2,958 Average Square Feet of Homes Sold
191 Price per Square Feet
4 Homes Expired (176 days on the market)
Like all luxury real estate communities in the West Coast, Montreux has been hit by the real estate downturn that started in mid-2005.
It seems obvious to point out, but we're really not out of the hole yet, especially in the higher end ($400,000 and up). But people are starting to buy homes in Reno --actually, it's been going on since 2007; contrary to popular belief Reno real estate has healthy demand; supply is actually low...
10-Year History of Home Values in Montreux
Montreux Median Price Sold (2009-2011)
- Jul 2011: $580,000
- Jun 2011: $601,000
- May 2011: $800,000
- Apr 2011: $606,250
- Mar 2011: $497,500
- Feb 2011: $517,500
- Jan 2011: $615,000
- Dec 2010: $509,000
- Nov 2010: $585,000
- Oct 2010: $524,900
- Sep 2010: $550,000
- Aug 2010: $480,000
- Jul 2010: $612,500
- Jun 2010: $662,690
- May 2010: $531,850
- Apr 2010: $506,905
- Mar 2010: $649,900
- Feb 2010: $501,000
- Jan 2010: $422,5000
- Dec 2009: $393,415
- Nov 2009: $612,000
- Oct 2009: $587,500
- Sep 2009: $590,000
- Aug 2009: $n/a
- Jul 2009: $550,000
Montreux Real Estate Demand (units sold)
- Jul 2011: 7
- Jun 2011: 2
- May 2011: 5
- Apr 2011: 7
- Mar 2011: 10
- Feb 2011: 8
- Jan 2011: 8
- Dec 2010: 13
- Nov 2010: 5
- Oct 2010: 7
- Sep 2010: 7
- Aug 2010: 5
- Jul 2010: 12
- Jun 2010: 8
- May 2010: 9
- Apr 2010: 9
- Mar 2010: 5
- Feb 2010: 5
- Jan 2010: 2
- Dec 2009: 4
- Nov 2009: 5
- Oct 2009: 12
- Sep 2009: 7
- Aug 2009: n/a
- Jul 2009: 7
Montreux Real Estate Supply (for sale)
- Jul 2011: 114
- Jun 2011: 112
- May 2011: 91
- Apr 2011: 80
- Mar 2011: 84
- Feb 2011: 86
- Jan 2011: 94
- Dec 2010: 97
- Nov 2010: 118
- Oct 2010: 122
- Sep 2010: 129
- Aug 2010: 130
- Jul 2010: 123
- Jun 2010: 121
- May 2010: 118
- Apr 2010: 102
- Mar 2010: 108
- Feb 2010: 99
- Jan 2010: 103
- Dec 2009: 109
- Nov 2009: 121
- Oct 2009: 126
- Sep 2009: 127
- Aug 2009: 138
- Jul 2009: 137
Montreux MSI (months supply of inventory)
- Jul 2011: 14.4 months
- Jun 2011: 48.5
- May 2011: 17.0
- Apr 2011: 10.7
- Mar 2011: 6.9
- Feb 2011: 9.6
- Jan 2011: 9.5
- Dec 2010: 6.3
- Nov 2010: 18.8
- Oct 2010: 15.4
- Sep 2010: 16.1
- Aug 2010: 22.4
- Jul 2010: 9.4
- Jun 2010: 13.5
- May 2010: 11.3
- Apr 2010: 10.0
- Mar 2010: 18.2
- Feb 2010: 17.6
- Jan 2010: 45.5
- Dec 2009: 23.8
- Nov 2009: 20.0
- Oct 2009: 9.2
- Sep 2009: 15.7
- Aug 2009: n/a
- Jul 2009: 17.3
Buying or Selling a
home?
Benefits of working with Joe:
Character
- Peace of mind: knowing that your agent looks out for your best interest. Joe will tell you the truth whether it benefits him or not. Intellectual honesty.
- Someone who cares: Joe has writen over 300 articles in the last 3 years, helping hundreds of people make the best possible decision in buying/selling homes in Reno-Sparks.
- Community: Oversees the Fil-Am basketball league that aims to encourage active lifestyle for teens.
Skills
- Market knowledge: studied and followed the Reno-Sparks real estate market since 2006 (median prices, supply & demand and months supply of inventory).
- First Class Marketing: has a marketing team behind him to help sell your home, has exclusive affiliations with LuxuryRealEstate.com, Leading Real Estate Companies of the World (RELO), Luxury Portfolio, Chaseinternational.com (most visited site in the Tahoe/Reno area) and commitment in using first class advertising and branding material to market your home.
- Negotiating: has successfully negotiated a hundred deals since 2005. Uses market knowledge to leverage negotiations (buyers/sellers market?).
*Note: Some affiliations require a minimum selling price of home.
"Only first class business, and that in a first class way."
"Joe was prompt, thorough, accurate, reliable, helpful and encouraging. It's people like him who make you want to come back for future business" - Chad Henton, Omgeo LLC
"If there is someone who should have listened to Joe but didn't, it is I. Joe told me I needed to sell by summer 2007, I thought the market was going to get better and decided to do otherwise. Learn from my lesson even if you don't agree with him, listen to what he has to say. You will not be disappointed." - Emily Abadia, Accountant
Click here to Learn more about Joe.
| Customer Service: | 775-338-7653 | Email: | jsalcedo@chaseinternational.com |
| Office Address: | 985 Damonte Ranch Pkwy. Ste. 110 Reno, NV 89521 |
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