Dickson Realty’s October 2017 Newsletter
We are pleased to announce that Dickson Realty has been voted the Best Overall North Lake Tahoe and Truckee Brokerage for the 2nd year in a row by Sierra Sun and North Lake Tahoe Bonanza readers. Thank you for choosing Dickson Realty for your Real Estate needs.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter JANUARY-AUGUST 2017 SINGLE FAMILY HOME SALES On the charts to the left and on the following page, you'll find statistical information for single family home sales from January to August for both 2016 and 2017. In Truckee, average prices were down while median prices were up slightly. Fewer homes sold during this time period than in 2016, which is not surprising based on the lack of inventory. On the north and west shores of Lake Tahoe, prices were up substantially overall, with homes selling more quickly as well. Slightly fewer single family homes sold in 2017 as compared to 2016 whereas the condo market saw a big upswing in sales.
Source: Tahoe Sierra Multiple Listing Service as of 9/20/17
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter JANUARY-AUGUST 2017 SINGLE FAMILY HOME SALES
Source: Tahoe Sierra Multiple Listing Service as of 9/20/17
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter
Is there a better place to “opt for the outdoors” than Truckee and Tahoe? Consider how you intend to utilize your outdoor living space when choosing a home.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter Jumbo Loans: Understanding the Process and Setting the Expectations In the recent months we have seen an increase in the demand for jumbo loans, and we love financing jumbo loans! We are skilled at setting expectations for our clients and moving quickly through the process. A jumbo loan is not a conventional loan that will be sold to the government sponsored entities, Fannie Mae and Freddie Mac. Conventional loans have easier guidelines/rules and loan sizes are set each year by the government. A conventional loan size across the nation is $424,100 currently. However, government sponsored entities have another loan product know as a high balance (HB) conventional loan, which is not to be confused with a jumbo loan. Each county limit is set by the government and can be found at https://www.fanniemae.com/singlefamily/loan-limits. To give you an idea, In Nevada County the high balance loan amount is $477,250, Placer County is $488,750 and most counties in the San Francisco bay area have high balance limits set at $636,100. A Jumbo loan will exceed those HB loan limits or conforming loan limits. Those loans will not be sold to government sponsored entities but to private investors, most commonly REITs or Wall Street investment banks. For this reason the lender requires much higher qualification requirements and much stricter documentation. Lenders do not want any chance of a borrower defaulting, so the final investors set the rules/guidelines strictly to lend money for those products. To start almost all lenders require: 1) Great credit over 740, no blemishes on credit and sufficient trade lines (lines of credit) 2) Typically a 20-25% down payment 3) Income to debt ratios below 43% 4) Money in savings for reserves. The lenders go over all documentation with a fine tooth comb and ask a lot of questions. Thus, if your loan officer does not vet your loan qualifications and dig through the guidelines upfront, the loan can be very difficult to close and will likely require extensions. If the borrower does not provide exactly what is asked for, the lender will certainly deny the loan. A good loan team can make all the difference in getting jumbo loans closed in a timely manner. The Rice Team just closed a jumbo loan in 20 days when the typical time frame is 45-60 days, and some lenders simply will not be able to close the loan. If you have questions regarding jumbo loans, or if we can help you succeed in getting a jumbo loan closed, please feel free to contact us at 530.582.9991 or teamrice@guildmortgage.net.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter
How do you prioritize your finances? Various generations often have differing ideas when it comes to spending, investing and saving.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 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. NAKOMA’S CLUBHOUSE, THE HEART OF NAKOMA RESORT WAS INSPIRED BY FRANK LLOYD WRIGHT. Frank Lloyd Wright conceived the concept for the Nakoma Clubhouse in 1923. At age 57, Wright designed the 23,000-squarefoot clubhouse at the request of the Nakoma Country Club in Madison, Wisconsin. Fortunately for the Lost Sierra, it was never built in Madison. Intriguing, captivating and timeless, the teepee-inspired clubhouse design was conceived in 1923 by the enduringly brilliant Frank Lloyd Wright and built in the heart of the Lost Sierra in 2001. Wright’s exquisite design includes the distinctive façade that houses a towering four-sided fireplace and the soaring ceiling with stained glass windows and decorative friezes of abstract Indian motifs. Picture windows on three sides of the octagonal room pull in the grandness of the Sierra from without to become the world within. The Nakoma Clubhouse effectively distills the essence of a career that stretched from the late 1880’s to Wright’s death at age 91, in 1959. For more information about Nakoma, visit their website at www.nakomaresort.com or contact our Sales Team in the Dickson Sales Office at Nakoma, (530) 322-3320, or sales@nakomaresort.com.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter OCTOBER EVENTS 1 - Reebok Spartan Race World Championship The Village at Squaw Valley; 6am-5pm The world's best athletes will collide on the course with a shared goal: to be the Spartan Race World Champion. The most anticipated obstacle racing weekend of the year will feature three Spartan Race distances to choose from over two days of racing. Information: http://squawalpine.com/events-things-do/reebok-spartan-race-world-championship 2 - Song Group at the Tahoe Truckee School of Music (ongoing on Mondays) 10038 Meadow Way, Ste E, Truckee, $20 admission, 6:15pm-7:30pm Song group for everyone! Any instrument, any experience level, any age. Led by Ben Martin. Come learn and share music in a fun creative environment. Information: http://chamber.truckee.com/events/details/song-group-10-02-2017-7717 3 - Farmers Market (October 3rd and 10th) Truckee River Regional Park, 10500 Brockway Rd 8am – 1pm; Free Information: www.tdrpd.org The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter 3 - Knitting Group (ongoing on Tuesdays) Atelier - 10128 Donner Pass Rd, Truckee; Free admission; 4pm-6pm Join us for Knitting Group. The group is open to all knitters, crocheters, loom artists ... whatever your thread, you are welcome. This is a NOT a class, it's a group intended for individuals who enjoy the company of other yarn artists. Bring your project or start a new one, come for a few minutes or the whole two hours! Information: http://www.ateliertruckee.com/shop/july-knitting-group 5 - Pattern Design Workshop Atelier - 10128 Donner Pass Rd, Truckee; $55 Admission; 11am-3pm Casey of Casey D. Sibley Art + Design, will walk you through her techniques for creating seamless repeating digital patterns from hand-drawn and hand-painted artwork. Information: http://www.ateliertruckee.com/shop/digitaldesign For info on many great workshops throughout the month, visit: http://www.ateliertruckee.com/ 7 - Tahoe Mountain Sports 11th Annual Disc Golf Pro/Am North Tahoe Regional Park, Tahoe Vista Finals for the Sierra Tahoe Series. This event will have 2 rounds of 18 holes on Saturday and then 1 Final round on Sunday. Sign up now to reserve your spot. Information: http://chamber.truckee.com/events/details/tahoe-mountain-sports11th-annual-disc-golf-pro-am-8779 The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter 7 - 14th Annual Truckee Wine, Walk & Shop Downtown Truckee; $40 in advance, $45 at the door; 12pm-4pm Sip, shop and stroll your way through historic downtown Truckee. Attendees will enjoy award-winning wines paired with local food tastings while checking out all the boutiques Truckee has to offer. Information: http://www.truckeewinewalk.com/ 8 - Great Trail Race Starts in Truckee, finishes in Tahoe City; 9am-3pm The Great Trail Race travels a multi surface route from Truckee to Tahoe City. You choose to run or mountain bike one of two course options, Elite or Classic. Information & Registration: http://greattrailrace.com/ 10 - Pho for Project Mana Cottonwood Restaurant, 10142 Rue Hilltop Rd., Truckee; $40, 6pm-9pm Join Project MANA for a Community Dinner As We Raise Funds for Project MANA While Experiencing Soul-Satisfying Pho. Enjoy authentic recipes taught to local chefs by Mai Doan, retired Vietnamese Pho Master. $40 per person includes Pho and Goi Ga (Vietnamese Chicken Salad). Full Bar Available. Our very own Dickson Realty Truckee agent, Ann Nguyen will be the sous chef for this special event, so we hope you can attend and support Project Mana! Information: http://chamber.truckee.com/events/details/pho-for-project-mana-9105 Tickets: https://forms.donorsnap.com/form?id=8d56d3a5-e7b8-4130-8723e294130a9637
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter 13 - Hidden in Plain Sight - Art Showcase Truckee-Donner Community Rec Center; Free for all ages; 5pm-7pm Join the Truckee Public Arts Commission for the opening reception for "Hidden In Plain Sight" - a showcase of some of Truckee's hidden gems: artists who have are showing their collections for the first time or for the first time in a long time! Information: http://chamber.truckee.com/events/details/opening-reception-hidden-in-plain-sight-truckee-shidden-gems-9093 14 - 25th Annual Donner Party Hike (Oct. 14th & 15th) Meet at Sugar Bowl Resort, 629 Sugar Bowl Rd., Norden; $60 October 14th and 15th celebrates Truckee’s rich history with a weekend of guided hikes. Explore scenic Donner Summit with local historians on interpretive hikes. Reservations are required and include a guided hike, barbeque lunch with music by Richard Blair and afternoon speaker McAvoy Lane, portraying Mark Twain. Information and Registration: http://donnerpartyhike.com/ 14 - Eighth Annual Fall Festival at Tahoe Donner Northwoods Clubhouse, Tahoe Donner, Truckee; 11am-5pm Join Tahoe Donner for the eighth annual Fall Festival. There’s something for everyone at our harvest festival from arts and craft vendors, the annual doggie pool dip, seasonal beer offerings, the pumpkin patch, a carnival area for kids with arts, crafts, games, food and more. Information: http://chamber.truckee.com/events/details/eighth-annual-fall-festival-at-tahoe-donner-9099 The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2017 Newsletter 20 - Truckee Chamber’s 64th Annual Awards Dinner - Adventure Awaits The Ritz-Carlton, Lake Tahoe 5pm-9pm Join us for the one night when the business community comes together to celebrate Truckee … honor and recognize individuals and businesses that are living the big life and making significant contributions to continue taking Truckee to new heights! Information: http://chamber.truckee.com/events/details/ truckee-chamber-s-64th-annual-awards-dinner-adventure-awaits-6226 20 - Truckee Historical Haunted Tour Historic Downtown Truckee; 21+; $45; 5pm-9:30pm Join us for an unforgettable night of Truckee history on this fun and rowdy tour! The Tour features engaging tales performed by talented characters at seven historical sites in Downtown Truckee. Information and Tickets: http://www.truckeehistorytour.org/ 27 - Halloween Parade Downtown Truckee; 6pm For children of all ages- Parade through downtown Truckee to the Community Arts Center then Trick-or -Treat through the Community Art Center for candy! Parade leaves the Truckee Train Station at 6 pm sharp! Information: https://laketahoethisweek.com/truckee-donner-recreation/events/halloween-parade
Have a Happy and Safe Halloween! The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440