Lahontan lot sales market update, August 2012, HOT DEALS!

Real Estate Agent with Davis Yoder Group, Coldwell Banker Realty BRE# 01117410, 00705038
Lahontan lot prices have fallen like a rock and probably are some to the best deals in Truckee. The land prices in Lahontan are lower than when first offered starting in 1997. Lahontan was the first DMB development in the area. Their new offering Martis Camp, is performing off the charts. The land prices in Lahontan are unbelievably low. You must pay $700 per quarter dues to look after the private streets and gate house. At your option you can get a social membership for pool, kids club and health club facility use, or a full golf membership. There is no requirement to join. In Martis Camp all owners must pay social club dues and there is a transfer fee upon sale. Here is a quick overview of lot prices in Lahontan. Land is selling for less than 10% of a completed home value which is way, way below industry norms. Click here for Lahontan market update.
Home resale prices in Lahontan are $300 to $450 per square foot and they are $1000 per square foot in Martis Camp. Certainly Martis Camp has exceptional amenities however you might want to take a look at Lahontan as it still is a great place with all amenities complete, all properties sold and a full golf membership.
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Nancy Davis and Bob Yoder
Davis Yoder Realty Group

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