Going, Going….Gone

When was the last time a two bedroom McCloud was priced below $450,000? Looking back through the MLS records the answer lies somewhere between the latter part of 2003 through 2004! Unit 170 on the Incline Way side listed at $439,000 two weeks ago and went into escrow within a week. There are currently 17 McCloud 2 BR’s listed with Unit #231 on the Incline Way side priced at $495,000. Remember Unit #25 on the Village side sold in January 2009 for $465,000.

Over at Third Creek ,on the gated side, a three bedroom unit dropped its price from $725,000 (already the 2nd lowest priced unit of the 10 listed 3BR’s) to $600,000 on June 18th and went into escrow on June 22nd. Again we are looking at prices not seen since late 2004.

You do not want to miss out on these two BEST BUYs, 783 Freels Peak (Summit Townhomes) and 198 Country Club #17 (Country Club Villas). The Summit Townhome is offered for $825,000 (2786 SQ Ft, 3BR and 2.5 Baths with two car garage) and the Country Club Villa is offered for $899,000 (2130 SQ Ft, 3BR and 2.5 Baths with two car garage). Great Opportunities for quality properties. Forget about cruising the bottom for those distressed fixer uppers as this is as good as it gets!

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