Dickson Realty’s August 2017 Newsletter On the charts below and on the following page, you'll find the past 11 months (August 2016 - June 2017) in review for both Truckee and the North and West Shores of Lake Tahoe, for single family homes. Sales always decrease substantially during the winter months due to lack of inventory. As you can see, median price sales in Truckee have not reached the high from August of last year, whereas the Lake Tahoe area has. With summer in full swing and increased inventory, sales are brisk, with the pent up demand since the extremely harsh winter conditions fueling multiple offers in many price ranges.
Source: Tahoe Sierra Multiple Listing Service as of July 19, 2017
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter
Source: Tahoe Sierra Multiple Listing Service as of July 19 , 2017
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter
What does your home say about you?
How much time you plan to spend in the kitchen is something to consider when selecting a new home. The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter Myth: You Need 20% Down to Purchase a Home We have all been trained that in order to purchase a home you must have 20% down, however this is just not the case. There are many grant and low down payment assistance (DPA) programs available in CA and NV. These programs are designed to help first time buyers purchase a primary home; many are not limited to just first time home buyers and also help those who have not owned in the past three years. Not all lenders have these programs available or are interested in doing these programs. The Rice Team at Guild Mortgage has many programs and has become acknowledged in the community as “the lender� to help first time home buyers. If you are interested in finding out more about your detailed situation, please call them. All available grant and DPA programs have income limits, debt to income ratio requirements, as well as credit score requirements of 640 or higher. Almost all of them require first time homebuyer education courses which help borrowers understand what homeownership can require; most of the courses take 8 hours to complete. The courses help in understanding the complexity and financial requirements of owning a home. Non-occupant borrowers are not allowed on majority of grants or down payment assistance programs therefore the borrower needs to qualify (via income) themselves. An example of a low down payment assistance program would be a conventional loan for the 1st loan and a 2nd silent loan. A silent loan is one that has a low interest rate (around 2.5% currently) but does not have to be paid at all for 30 years or until you sell the home (other limitations may apply for this specific program). There are positives and negatives to all programs, but the best thing is these programs can help those who really want to buy a home but have limitations on the amount of down payment they have at this time. It is a great time to buy as rates are low. If you have any questions about available options in your area, please reach out to teamrice@guildmortgage.net or 530.582.9991.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter
Even in a seller’s market there are challenges to consider when deciding to sell your home. We can help you with the process.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter Dickson Realty is the exclusive agent for Nakoma and we'd like to share some interesting tidbits of information in upcoming newsletters from this amazing resort with so many types of ownership opportunities. Stay & Play Isn’t Just About Golf Anymore… We are so honored to be the exclusive listing agent for Nakoma Resort. Nakoma sits at the heart of an untrammeled alpine wonderland featuring 8,500-foot peaks sprinkled with more than 50 turquoise, glacially carved lakes. In under an hour’s drive from either Reno or Truckee you’ll be on the tee, the trail, or lounging in a poolside cabana simply happy to be away from it all. In the same time it takes to get to Lake Tahoe you’ll leave the worldly worries and the crowds far behind. This August they’re debuting the new Altitude Recreation Center, the latest addition to the a growing list of amenities. Designed with the whole family in mind, the 12,000 square foot facility features a bar & bistro, state-of-the-art fitness and wellness center, heated outdoor pool, indoor climbing wall, children’s center with outdoor play area, and a movie theater plus a fabulous space featuring table and video games for the young and the young-at-heart. For a golfer, there is no better experience than a fabulous golf course in a spectacular setting. With picture post-card views from every tee, the Dragon never disappoints. And don’t forget about their completely remodeled spa for a luxurious treatment. As for the “Stay”, Nakoma opened their new mountain modern 42-room Lodge in 2015. Designed by Reno’s Cathexes Architecture, it is an inviting and modern complement to existing resort amenities and the Frank Lloyd Wright-designed Clubhouse. Perhaps most exciting in my opinion is the real estate we exclusively represent. Nakoma abounds with amazing value and opportunities. There are a myriad ways to own at Nakoma – from the convenience of the Residence Club offered in 1/8th shares, to the new Ascend mountain modern residences, to fully custom residences set on spectacular home sites averaging over 2 acres. For more information or to arrange your customized Stay & Play visit their website at www.nakomaresort.com or contact Jeanne Dansby, our onsite representative in the Dickson Sales Office at Nakoma at (530) 322-3320 orjdansby@dicksonrealty.com.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter August EVENTS 1- Farmers Market (weekly - Tuesdays) Truckee River Regional Park, 10500 Brockway Rd 8am – 1pm; Free Information: www.tdrpd.org
1 - Tuesdays Bluesdays (weekly -Tuesdays) Village at Squaw Valley USA 6 -8:30pm; Free Featuring acclaimed blues musicians, great grab & go food offerings from Village restaurants and a Blues bar with beer, wine & spirits available from 6:00 pm to 8:30 pm in the Events Plaza. During the summer Bluesdays series, Squaw offers discounted tickets for the Aerial Tram, food and drink specials, and lodging sales each and every Tuesday. Information: www.squawalpine.com
2 - Yoga Squaw’D – Free Yoga at Squaw Valley (weekly - Wednesdays) Village at Squaw Valley USA 5-6:30pm; Free Breathe and stretch this summer during this free outdoor yoga series with live music. Information: www.squawalpine.com The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter 2 - Music in the Park Summer Concert Series (weekly - Wednesdays) Truckee River Regional Park 6:30 – 8:30 pm; Free Weekly Music Series sponsored by Truckee Donner Rec and Parks District. Bring lawn chairs, food and drink and enjoy summer evenings and live music. Information: www.tdrpd.org
3 - Truckee Thursdays (weekly - Thursdays) Historic Downtown Truckee, 5:30 – 8:30pm Summer Thursdays mean a special experience for people of all ages - residents, tourists and participants alike. The event features a Certified Farmers’ Market, food vendors, merchant and community displays, as well as great entertainment, children’s activities and a beer garden. Information: www.truckeethursdays.com
3 - Outdoor Summer Movies at Squaw Valley (weekly - Thursdays) The Village at Squaw Valley Events Plaza 8:30pm; Free Families and friends can snuggle up under the stars while enjoying new releases and family classics on the big screen. A different movie shows each week. Blankets and warm clothes are recommended. Information: www.squawalpine.com
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter 4 - Visit Lower Carpenter Valley Nature Preserve (Aug. 4, 7,12,18, 20, 26,28) Starts at 9am; Free Truckee Donner Land Trust invites you on a guided hike to experience beautiful Lower Carpenter Valley. Minutes from Truckee but hidden from view, Carpenter Valley offers amazing scenery, lush meadows carpeted by wildflowers, and chances to glimpse wildlife in its natural environs. Free, but registration is required. Information: www.eventbrite.com/e/tdlt-carpenter-valley-docent-led-hikes-tickets-33064131708 4 - Music on the Beach (weekly - Fridays) Kings Beach State Recreation Area, Kings Beach, CA 6-8:30pm; Free Start your summer weekend off right by listening and dancing to FREE live music performances featuring a variety of genres on the beautiful North Shore of Lake Tahoe. Alibi Ale Works, a local craft brewery, will be serving a wide range of frequently rotating beers made with pure Lake Tahoe water. There will be wine, soda, and food available for purchase from 6-9pm. Please no outside alcohol or pets. Information: http://www.northtahoebusiness.org/music-on-the-beach/ 4 - Bikes and Brews (weekly - Fridays) The Village at Northstar 5 -9pm Back again by popular demand; come join fellow riders on the patio Tavern 6330’ every Friday evening after a day of mountain biking to share your tales of the trails. There will be beer and food specials to enjoy while you mingle with fellow bikers. Everyone who purchases food or drinks will be entered into the weekly raffle. Information: http://chamber.truckee.com/events/details/bikes-brews-08-04-2017-8429 The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter 5 - Sierra Crest Ultra Run Starts at Tahoe Donner’s Alder Creek Adventure Center The Sierra Crest 30K and 50K is an exciting point to point trail run that takes advantage of some of the Truckee and Donner Summit area’s best single track trails. Finishes at Auburn Ski Club Training Center. New this year, the 15K course starts, and finishes at The Alder Creek Adventure Center in Tahoe Donner. Information: http://chamber.truckee.com/events/details/sierra-crest-ultra-run-6575
5 - Coburn Music Festival (Aug. 5-12) Coburn Music invites you to join us for our opening gala, The Coburn Bacchanalia on August 5th, 2017 at the Cedar House Sport Hotel. Truckee's first and very own Baroque chamber music series will launch the week with an event featuring three courses of music paired with Stella's Pop-Up culinary excellence. Events at various locations throughout the week. For event details, locations and concert schedules visit: chamber.truckee.com/Event-Calendar and https://coburnmusic.org
6 - Concert at Commons Beach (weekly- Sundays) Commons Beach, Tahoe City, CA 4-7pm. Free Enjoy lakeside music with stunning lake views, an eclectic music lineup, and fantastic local Food. Guests are welcome to bring picnics, blankets, and low-back chairs for a perfect lakeside evening. Local food and drink vendors sell beer, wine, soft drinks, ice-cream, sushi, barbecue, salads, and more. Attendees are encouraged to come early for a relaxing day at the beach! Information: http://www.concertsatcommonsbeach.com/ The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter 7 – Monday Night Bingo (weekly – Mondays) Northwoods Clubhouse, 11509 Northwoods Blvd.,Truckee 6:30-8:30pm Bring a blanket, enjoy a pizza from Pizza on the Hill, and play for fun prizes. Information: Call Tahoe Donner Member Services (530) 587-9400
12 - Brews, Jazz and Funk Fest (Aug. 12-13) Village at Squaw Valley Starts 2pm Sat., ends 8pm Sun. The Brews, Jazz and Funk Fest will once again return to Squaw Valley. Festival-goers can sip on a wide array of tasty beers from 35 different breweries, as well as enjoy an incredible line-up of music both days. All proceeds from the event benefit the Humane Society of Truckee-Tahoe. Schedule of events and information: http://hstt.org/events
15 - Lake Tahoe Music Festival (August 15-20) Opening Night, Sugar Pine Point Park, Tahoma; Gates open 5pm The Lake Tahoe Music Festival 20-Piece Academy Orchestra is comprised of elite student musicians from across the United States under the direction of Maestro Timm Rolek. Joining the orchestra this year are violinist Michael Sutton and the Amaranth String Quartet. Join us for 5 concerts consisting of music, ballet, food, and wine. Bring your picnic, low-back lawn chair, and wine for a wonderful evening of beautiful music and dance. Concert locations/details/information: http://www.tahoemusic.org/ The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s August 2017 Newsletter 18 - Open Mic Night at Art Truckee Art Truckee, 10072 Donner Pass Rd., Truckee 7-10pm; Free All levels welcome for open mic night at Art Truckee - singers, actors, poets, and more! Every third Friday of the month. Sign up early for your time slot or just show up! Information: http://chamber.truckee.com/events/details/art-truckee-open-mic-07-21-2017-4030
20 - Arts for the Schools' Wooden Boat Challenge Arts For The Schools' 2nd annual Wooden Boat Challenge fundraiser that combines the festival culture of our lively region with a unique new competition event that promotes community involvement. Join us for food, drinks (alcoholic and non-alcoholic), live entertainment, local artisans and vendors, kids activities, and a competition that requires teams to build and race their own wooden boat built by hand (no power tools allowed!). Bring the whole family for a fun day on the beach! Information: http://chamber.truckee.com/events/details/arts-for-the-schools-wooden-boat-challenge-8668
26 – Castle Peak 100 The Castle Peak 100k trail race starts near the historic Donner Camp in Truckee, California, where runners will climb and descend some 14,000 feet at an average elevation of 7,100 feet. The course tours the Tahoe National Forest, Tahoe Donner, Donner Lake Rim Trail, Basin and Castle Peaks, Royal Gorge and Sugar Bowl before descending Cold Stream Canyon to finish at Donner Memorial State Park. Information: http://castlepeak100k.com/ The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440