Dickson Realty’s October 2015 Newsletter Looking back over the last decade of sales, January through August of each year, we see the downturn in the market for the number of homes sold from 2007 and the upturn starting in 2010. 2013 showed the highest number of homes sold and unit sales are down slightly since then, both in 2014 and this current year. Single Family Home Sales, Truckee/North Lake Tahoe, CA – January through August
Source: Tahoe Sierra MLS
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter For this same time period, median prices reached their height in 2006, decreasing through 2012 and then starting to come back. We’ve seen a slight drop in median prices in 2015 versus 2014 (-6%), but anticipate median prices increasing again, as we have more new spec-home construction coming on the market. Single Family Home Sales, Truckee/North Lake Tahoe, CA – January through August
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter CALIFORNIA HOME SALES COOL IN AUGUST AS PRICE GAINS TEMPER Source: C.A.R.
Following a hotter than usual summer of homes sales, California’s housing market cooled in August, but still posted higher year over year for the seventh straight month, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). • Existing, single-family home sales totaled 431,800 in August on a seasonally adjusted annualized rate, down 3.8 percent from July but up 9.3 percent from August 2014. • Statewide sales were above the 400,000 mark for the fifth straight month. • August statewide median home price was $493,420, up 1 percent from July and 2.5 percent from August 2014. • Sales of condos and townhomes were up nearly 10 percent from last year, and are ahead 6.6 percent year to date. • “Home prices are finally increasing at a healthier pace, and the smallest year-over-year statewide median price gain in nearly three and a half years suggests that home prices are stabilizing,” said C.A.R. President Chris Kutzkey. • August’s median price was 2.5 percent higher than the revised $481,240 recorded in August 2014. The median sales price is the point at which half of homes sold for more and half sold for less. • While sales continued to improve from last year at the state level, the number of active listings continued to drop from the previous year. Active listings for California decreased 1.4 percent from July and dropped 6.2 percent from August 2014. The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter Renting vs. Buying Every mortgage payment is a form of what Harvard University’s Joint Center for Housing Studies calls “forced savings.” The principal portion of your mortgage payment helps build your net worth through building the equity you have in your home. Here is an example of the home equity that would be accrued over the course of the next four years if you were to buy a home by the end of this year; based on the results of the Home Price Expectation Survey.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter Something New for You Real estate and mortgage professionals are trusted resources for people choosing to buy a home. And on October 3rd 2015 the industry will undergo one of its biggest changes in the last 30 years. Little may you know, there are new rules taking effect that will change your home buying experience. This change will also bring your realtor and lender much closer as they work together to make things simpler. Mortgages are complex and confusing. One new rule primarily does two things; it simplifies and consolidates some of the required loan disclosures, and it changes the timing of some activities in the mortgage process. What does this mean for you? Your loan estimate and closing documents will be straight forward and easy to read. You will see the exact numbers you will be paying and know exactly what you are reading. Be sure to work with the right lender who understands all of the new changes and will be able to guide you through the home buying or refinancing process! Please call us if you have any questions on purchases or refinances throughout California or Nevada. The Rice Team @ Guild Mortgage Team@TheRiceTeam.com 530-582-9991
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter October EVENTS 2 - First Fridays Historic Downtown Truckee, 5:30 - 8 pm Most of downtown’s unique shops, boutiques, art studios, and eateries will keep their doors open later and offer special promotions, activities, demonstrations, food and beverages, music, and more! Participating shops and restaurants will display First Friday Flags so the public will know where the fun is. Information: www.historictruckee.com 3 – Downtown Truckee Wine, Walk & Shop Historic Downtown Truckee 12 – 4pm Now in its 12th year, The Downtown Truckee Wine, Walk & Shop has established itself as one of Truckee's preeminent events. This annual favorite brings nearly 1,000 locals and tourists to historic downtown Truckee to sip wine, taste scrumptious food samples and enjoy shopping. Information: www.truckeewinewalk.com 3 & 4 – Donner Party Hike 7:30 am to 5:30 pm on Sunday Donner Ski Ranch and Donner Memorial State Park Hikers can travel the footsteps of early emigrant's journey across the Sierra Nevada mountains. Several different hikes are offered on Saturday and a walking tour on Sunday. All hikes offer interesting insight into emigrant history from local area guides, along with invigorating recreation and beautiful scenery. Following the Saturday hikes participants will enjoy a BBQ and historical presentation. The Dickson Truckee Team Information: www.donnerpartyhike.com
11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter
4 - Pancake Breakfast Sierra Senior Center, 10040 Estates Drive, Truckee 8 to 11am, $7adults/$3 kids A fundraiser for Sierra Senior Services Information: www.sierraseniors.org 6 – Farmers Market (weekly) Truckee River Regional Park, 10500 Brockway Rd 8am – 1pm 9 & 10 – Wild & Scenic Film Festival Community Art Center, Downtown Truckee 3pm - 4pm on Sunday Wild & Scenic Film Festival-goers can expect to see award-winning films about nature, community activism, adventure, conservation, water, energy and climate change, among other subjects. 10 – Truckee River Railroad (weekly) Truckee Regional Park, 10050 Brockway Rd 10am – 3pm, Free Information: www.truckeedonnerrailroadsociety.com
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter 10 – Fall Festival Northwoods Clubhouse, 11509 Northwoods Blvd., Truckee 10am – 4pm The sixth annual Fall Festival is one of Tahoe Donner’s biggest events of the year! There’s something for everyone at our harvest festival from arts and craft vendors, our annual doggie dip, seasonal beer offerings, the pumpkin patch, a carnival area for kids with arts, crafts, games and food. Information: www.tahoedonner.com 10 & 11 – “Liar’s Cruise” Tahoe Gal paddle wheeler 4 -6pm; $75pp This signature Sierra State Parks Foundation fundraising event features an afternoon of tall tales, libations and unique cuisine while cruising the fabulous West Shore to Sugar Pine Point and back. Guests meet at the Tahoe Gal dock, Tahoe City at 3:45pm. Reservations are required. Information: www.sierrastateparks.org 15 & 16 – Truckee Historical Haunted Tour Historical Downtown Truckee Creative fundraising event that celebrates local legends and history with highly Entertaining and spooky twists. During the walking tour, small groups are guided to interesting sites where they will be immersed in engaging tales performed by talented characters. The tour skillfully weaves together dramatic, downright haunting and laugh-out loud funny stories inspired by times of yore. Information: www.truckeehistorytour.org The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter 17 – Free Hazardous Waste Drop Off Day Eastern Regional Landfill, 900 Cabin Creek Road (between Truckee and Squaw) Free Call 530-583-7800 for an appointment 17 – Free Paint Drop Off Day 9-1pm Truckee Tahoe Airport Everyone is welcome including contractors, businesses, special districts – this event is for all of us in the greater Truckee – North Lake Tahoe region. 18 – Truckee River Day Various locations throughout the area 2015 marks the 20th anniversary of Truckee River Day. Volunteers implement 10-15 projects restoring local creeks, streams, wetlands and meadows. At the end of the day volunteers come to Granite Flat for a River Fair and to join in the popular release of fingerling trout into the Truckee River. Special performance at 3pm: free food provided by Northstar California Information: www.truckeeriverwc.org
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2015 Newsletter 18 – Seniors Crab Feed Lake Tahoe Event Center, Kings Beach 4 – 8pm Live Music by Jo Mama, dancing and raffle A benefit for Sierra Seniors supporting Meals on Wheels Information: www.sierraseniors.org
24 & 25 – Truckee Community Theatre presents “Into the Woods – Jr.” Community Arts Center, 10046 Church St., Truckee 7-10 pm Information: www.truckeecommunitytheatre.org
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440