NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
TABLE OF CONTENTS Dickson Realty Portola Office More About The Lost Sierra 12 Month Sales Overview Guild Mortgage Corner
PAGE 2 3-5 6
California Assn. Realtors July Rpt.
7-9
Trick or Treat
10
Calendar and Events
11-13
Autumn Hikes in Plumas and Truckee
14-15
Fall Daylight Time Change - Tips
16
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
The Dickson Realty Portola Team is always available to provide excellent and dedicated client service whether you are considering buying or selling a home. Our team of seasoned professionals, all Realtors®, possess the most current and comprehensive market information and, combined with their knowledge and experience, they are uniquely qualified to be expert guides in your real estate venture. Call, e-mail, visit our office, or access us on the web. We are here for you 24/7. Office Phone: 530-832-1700 Email: portolainfo@dicksonrealty.com Web: www.DicksonRealty.com THE LOST SIERRA Hike, paddle, and swim in the spectacular Lakes Basin and the Sierra Buttes You’ve heard all about the Sierra Nevada stars like Yosemite, Lake Tahoe, and Mammoth Lakes. But do you know about the Sierra Buttes? If not, you’re not alone. This alpine wonderland of 8,500 foot peaks, nicknamed "the Lost Sierra" and dotted with turquoise lakes, is decidedly untrammeled. Much of the area lies within the federally protected Lakes Basin Recreation Area, an under the radar gem dotted with 50 plus glacially carved lakes. For sweeping vistas of the lakes and surprisingly rugged peaks, follow 15 mile long Gold Lake Highway, which meets State Highway 89 about an hour north of Truckee. Gold Lake, the biggest of the lakes, has a public boat launch and rental boats. Swim, fish, or water-ski in the morning, then sail or windsurf when the afternoon breezes pick up. At sunset, relax with cocktails at Sardine Lake Resort. Cabins and lodges line the shores of several lakes; alas, they’re usually booked months in advance by families who have been coming for generations. For a luxe option, check out Nakoma Golf Resort, about a half hour north, near Clio. Got your tent? Choose from a dozen drive-in campgrounds, including perfect-for-family sites at Sardine Lake, Salmon Creek, and Lakes Basin campgrounds. Once you resolve your creature comforts, let your rugged side roam free. Kids love to romp along the easy trails to Upper Sardine Lake or Frazier Falls, while more intrepid hikers conquer the Lakes Basin’s obligatory challenge: the 178 steps to the Sierra Buttes Fire Lookout. It’s a roughly five mile round-trip hike to the tower’s base, then test your vertigo tolerance as you climb, climb, climb to its deck. If the ascent didn’t make you dizzy, the 360 degree view will. The panorama includes 10,457 foot (often snow-capped) Lassen Peak and the turquoise Sardine Lakes, sparkling 2,000 feet below.
DISCOVER THE LOST SIERRA TOURIST CENTER ABOUT THE CENTER We offer a wide range of tourist services: • Provide free information about all the activities in these areas including, but not limited to, hiking, biking, camping, events, area maps, Provides information for visitors including dining and where to stay from cabins to upscale accommodations The Lost Sierra Tourist Center in Graeagle California.. Text PLUMAS to 72727 to Learn More about The Lost Sierras
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
The following pages provide Residential Sales Statistics for the areas of Graeagle, Portola, Loyalton, Chilcoot and the Golf Course Communities of Whitehawk, Grizzly Ranch, and Gold Mountain The sales statistics this month provide a 12 month overview, AUGUST 2017 through AUGUST 2018, of residential sales to show the Median Pricing, Lowest and Highest Sold Prices, total number of units sold and the average days on the market. The data source is Plumas Multiple Listing Service with date pulled September 10, 2018 The sales shown are for Single Family Residential, Condominiums and Townhouses in each of the market areas. (Time share and/or shared ownership are not included in the statistics presented.)
$ $
$ $
$800,000 $600,000 $400,000
64
MEDIAN SALES PRICE
JULY
MAY
APRIL
N/A
$-
FEB
N/A
MAR
246
DEC
$200,000
N/A
JAN
268 125 708 98 198
N/A
AUGUST
$
2 1 2 2 2 3 0 0 2 3 6
NOV
$
823,000 697,000 580,000 450,000 399,000 1,133,000 525,000 418,565 845,000
JUNE
$
$ $ $ $ $
GOLF COURSE COMMUNITIES MEDIAN SALES PRICE
SEP
$
460,000 697,000 560,000 440,000 320,000 365,000 475,000 313,000 250,000
AVG. DAYS ON MARKET
OCT
$ $ $ $ $
RESIDENTIAL SOLD
HIGHEST SALE
AUGUST
LOWEST SALE
109 186
GOLF COURSE COMMUNITIES WHITEHAWK, GRIZZLY RANCH & GOLD MTN.
AUGUST 2017-AUGUST 2018 LOWEST SALE
HIGHEST SALE
AUGUST SEP
OCT
NOV
DEC
JAN
FEB
-
$442,500 $250,000
$845,000 MAR APRIL
$330,000 $313,000 $418,565
$500,000 $475,000 $525,000 -
-
-
$367,000 $365,000
$359,500 $320,000 $399,000
$445,000 $440,000 $450,000
$570,000 $560,000 $580,000
$1,133,000
MEDIAN SALES PRICE
$697,000 $697,000 $697,000
AUGUST SEP OCT NOV DEC JAN FEB MAR APRIL MAY JUNE JULY AUGUST
MEDIAN SALES PRICE $ 641,500 $ 697,000 $ 570,000 $ 445,000 $ 359,500 $ 367,000 $ 500,000 $ 330,000 $ 442,500
$641,500 $460,000 $823,000
GOLF COURSE COMMUNITIES
MAY
JUNE
JULY AUGUST
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
HIGHEST SALE
$198,000
$144,000
$46,400
$165,000 $122,000 $167,500
$258,000
$161,500 $150,000 $206,000
$104,000 $93,000 $115,000
$118,000 $81,500
$245,000
$250,000 $175,000 $91,000
$174,000
$125,000 $87,000
$360,000
$400,000
LOWEST SALE
-
$200,000
$84,000
PORTOLA MEDIAN SALES PRICE
$320,000
N/A
211 124 152 347 290 72 119
$50,000
163 203 151 143 103
$155,000
6 3 10 6 8 4 5 2 3 4 3 8
$165,000
$ $ $ $ $ $ $
380,000 283,000 320,000 360,000 400,000 250,000 245,000 115,000 258,000 206,000 167,500 198,000
PORTOLA AUGUST 2017-AUGUST 2018 MEDIAN SALES PRICE
$25,000
$ $ $ $ $ $ $
$ $ $ $ $
AVG. DAYS ON MARKET
$283,000
75,000 135,500 25,000 50,000 84,000 91,000 87,000 93,000 81,500 150,000 122,000 46,400
RESIDENTIAL SOLD
$380,000
$ $ $ $ $
HIGHEST SALE
$190,000 $135,500
AUGUST SEP OCT NOV DEC JAN FEB MAR APRIL MAY JUNE JULY AUGUST
LOWEST SALE
$158,500
MEDIAN SALES PRICE $ 158,500 $ 190,000 $ 165,000 $ 155,000 $ 174,000 $ 175,000 $ 125,000 $ 104,000 $ 118,000 $ 161,500 $ 165,000 $ 144,000
$75,000
PORTOLA
$150,000
AUGUST
$100,000
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APRIL
MAY
JUNE
JULY
AUGUST
$50,000
HIGHEST SALE
$373,333 $355,000 $395,000
$459,000 $169,000 $107,500
-
LOYALTON MEDIAN SALES PRICE
$191,000 $57,000 $325,000
$262,000 $262,000 $262,000
$349,000 $160,000
N/A
633 343 47 104 116 57 23 122 66
LOWEST SALE
$750,000
MEDIAN SALES PRICE
166 78 35
$294,500 $190,000 $399,000
3 7 1 3 2 2 2 7 1 2 6 3
$94,000 $75,000 $113,000
$ $ $ $ $ $ $ $ $
303,000 347,000 295,000 660,000 305,000 113,000 399,000 750,000 262,000 325,000 459,000 395,000
LOYALTON AUGUST 2017- AUGUST 2018
$260,000 $215,000 $305,000
JULY
$ $ $
AVG. DAYS ON MARKET
$660,000
160,000 135,000 295,000 265,000 215,000 75,000 190,000 160,000 262,000 57,000 107,500 355,000
RESIDENTIAL SOLD
$365,000 $265,000
$ $ $ $ $ $ $ $ $
HIGHEST SALE
$295,000 $295,000 $295,000
$ $ $
AUGUST
MAY
JUNE
FEB
MAR
DEC
JAN
SEP
OCT
APRIL
LOWEST SALE
$285,000 $135,000 $347,000
AUGUST SEP OCT NOV DEC JAN FEB MAR APRIL MAY JUNE JULY AUGUST
MEDIAN SALES PRICE $ 290,000 $ 285,000 $ 295,000 $ 365,000 $ 260,000 $ 94,000 $ 294,500 $ 349,000 $ 262,000 $ 191,000 $ 169,000 $ 373,333
MEDIAN SALES PRICE
$290,000 $160,000 $303,000
LOYALTON
NOV
AUGUST
$-
AUGUST SEP
$400,000
OCT
NOV
DEC
JAN
FEB
MAR
APRIL
MAY
JUNE
JULY AUGUST
$300,000 $200,000 $100,000
JULY
MEDIAN SALES PRICE
AUGUST
MAY
JUNE
FEB
MAR
APRIL
DEC
JAN
OCT
NOV
SEP
AUGUST
$-
Dickson Realty is dedicated to helping you keep a pulse on the local market and real estate related information by providing the latest news, trends, and issues affecting the area’s real estate market.
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
$1,130,000
JUNE
JULY AUGUST
$340,000 $218,000
$345,000 $208,000 $460,000
$734,000 $90,000
APRIL
$321,600 $226,000 $444,000
$643,120 $265,500 $190,000
MAR
$375,000
$344,300 $178,500 $445,000
$648,000
FEB
-
$400,000
HIGHEST SALE
$365,000 $175,000 $367,000
$500,000
LOWEST SALE
$320,000 $130,000
$25,000
GRAEAGLE MEDIAN SALES PRICE
$675,000
MEDIAN SALES PRICE
$40,000
181 151 162 264 134 N/A 207 146 172 215 383 129 228
$580,000
14 7 8 7 9 3 5 3 9 5 8 12
$408,000
$ $ $ $ $ $ $
823,000 789,000 580,000 675,000 648,000 367,000 445,000 643,120 734,000 444,000 460,000 1,130,000
GRAEAGLE AUGUST 2017-AUGUST 2018
$112,000
$ $ $ $ $
AVG. DAYS ON MARKET
$789,000
$ $ $ $ $ $ $
25,000 80,000 112,000 40,000 130,000 175,000 178,500 190,000 90,000 226,000 208,000 218,000
RESIDENTIAL SOLD
$357,250
$ $ $ $ $
HIGHEST SALE
$823,000
LOWEST SALE
$250,000 $80,000
AUGUST SEP OCT NOV DEC JAN FEB MAR APRIL MAY JUNE JULY AUGUST
MEDIAN SALES PRICE $ 359,750 $ 250,000 $ 357,250 $ 408,000 $ 320,000 $ 365,000 $ 344,300 $ 265,500 $ 375,000 $ 321,600 $ 345,000 $ 340,000
$359,750
GRAEAGLE
$300,000 $200,000 $100,000
AUGUST SEP
OCT
NOV
DEC
JAN
MAY
RESIDENTIAL SOLD
1 1 1 -
AVG. DAYS ON MARKET
CHILCOOT AUGUST 2017-AUGUST 2018
45
MEDIAN SALES PRICE
N/A
LOWEST SALE
HIGHEST SALE
$265,000 $265,000 $265,000
JULY
AUGUST
MAY
JUNE
FEB
MAR
APRIL
DEC
JAN
SEP
OCT
MEDIAN LOWEST HIGHEST SALES SALE SALE PRICE $ 230,000 $ 230,000 $ 230,000 $ 150,000 $ 150,000 $ 150,000 $ 265,000 $ 265,000 $ 265,000 -
N/A N/A N/A
158 N/A N/A
$150,000 $150,000 $150,000
AUGUST SEP OCT NOV DEC JAN FEB MAR APRIL MAY JUNE JULY AUGUST
MEDIAN SALES PRICE
$230,000 $230,000 $230,000
CHILCOOT
NOV
AUGUST
$-
N/A N/A N/A
42 N/A
FEB
MAR
APRIL
MAY
JUNE
-
-
JAN
-
DEC
-
NOV
-
OCT
-
AUGUST SEP
-
$200,000
-
-
$300,000
-
CHILCOOT MEDIAN SALES PRICE
JULY AUGUST
$100,000
JULY
MEDIAN SALES PRICE
AUGUST
MAY
JUNE
FEB
MAR
APRIL
DEC
JAN
OCT
NOV
SEP
AUGUST
$-
Dickson Realty is dedicated to helping you keep a pulse on the local market and real estate related information by providing the latest news, trends, and issues affecting the area’s real estate market.
Dickson Portola Team
289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities CREDIT ESTABLISHED AND USED WISELY =HOME LOAN AT BEST RATES One of the main factors that will determine your loan rate is your credit score. Established credit is required to get a loan. If you have no credit score from lack of established credit, a lender will not give you a loan. If your score is low, your rate is affected negatively and it can cost you thousands and thousands of dollars over the life of a 30 year mortgage. If your score is below 600 or if you have had major issues such as a previous foreclosure or short sale, a lender may not give you a loan. It is important to know if you have good credit scores prior to going house shopping or trying to refinance your loan. Below are some steps to establish credit and keep your credit scores high. If you want to buy a home, it is important to make sure you establish credit. If it is the first time you are establishing any credit we suggest going to your bank and getting a secure credit card such as MasterCard or Visa. The bank may have you secure the card with cash if they are concerned about your ability to repay. Lenders are usually looking for 2-4 credit lines (aka trade lines) minimum from wellknown lenders (such as MC, Visa, American Express or large department stores) on your credit report. They want to see you have used credit and used it wisely prior to giving you a loan. How do they tell if you are using it wisely? Lenders look at a client’s credit score to determine rate. If you have used credit wisely and for a long time your credit scores will reflect that with high scores. The best rates are provided to those with scores of 740 or higher. Lower credit affects the rate negatively. If
a 740 score would get you a 4% rate, then a 700 score may be .25% higher in rate, 680 score may offer .50% higher, and a 600 score may worsen your rate by a full percentage point. Below 600, a lender most likely will not offer you a loan at all. If you had a foreclosure or short sale, guidelines change often so you want to check with your lender to see if it is possible to get a loan given the time frame from the event. Two best practices to show the lender that you are using credit wisely include showing a long term history of good credit, and keeping your current balances below 30% of the high balance limits. Establishing newer credit, such as when you go to a department store and they offer to start credit for you to give you 10% off can affect your score negatively. It’s a new credit line and there is no history of established payments. Having a card for 2 years or more is a positive. The next step is using it wisely. Use those cards to show that you know how to use but keep the balances below 30% of the high balance limit. If your limit is 10,000 then don’t carry a balance of over $3,000. As a lender we are always happy to help our client’s see what their credit scores are prior to them getting into contract on a house or in our annual reviews. We offer a complimentary report for our client’s. This allows us to help with any minor changes needed to assist in getting the best rates. If you have any questions on a home purchase or refinancing please give us a call. It’s important to keep in mind that you have to have established credit to get a loan. If you have no credit score you can’t get a loan. If you have any questions regarding loan limits, refinancing or purchasing a home, please feel free to reach out to The Rice Team. 11050 Pioneer Trail Suite 201 Truckee, CA 96161 Phone: (530) 582-9991 Fax: (530) 582-9995. Web:wwwTheRiceTeam.com
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
July home sales and price report California’s housing market retreats for third straight month as affordability crunch dampens demand. •
Existing, single-family home sales totaled 406,920 in July on a seasonally adjusted annualized rate, down 0.9 percent from June and down 3.4 percent from July 2017.
•
July’s statewide median home price was $591,460, down 1.9 percent from June and up 7.6 percent from July 2017.
•
California condominium/townhome median price hit another record high in July at $486,330.
LOS ANGELES (Aug. 16) – California’s housing market backpedaled in July on an annual basis for the third consecutive month as higher interest rates and rising home prices eroded housing affordability and dampened demand, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 406,920 units in July, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide
annualized sales figure represents what would be the total number of homes sold during 2018 if sales maintained the July pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. July’s sales figure was down 0.9 percent from the revised 410,800 level in June and down 3.4 percent compared with home sales in July 2017 of 421,460. “In the midst of the peak homebuying season, high home prices and rising interest rates combined to crimp housing affordability, which in turn is subduing home sales,” said C.A.R. President Steve White. “Some of the reluctance by buyers appears to be driven by fears that the market may be peaking. Additionally, the lack of a federal tax incentive for homeownership could be at play given that much of the weakness is in the lowerpriced, first-time buyer segment of the market.” The statewide median home price decreased to $591,460 in July. The July statewide median price was down 1.9 percent from $602,760 in June and up 7.6 percent from a revised $549,470 in July 2017. “While home sales continued to decline in recent months, the softening of the market is more indicative of a market shift rather than a major market correction,” said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. “Despite the slowdown, there were some silver linings in the market in July. For example, homes priced
between $500,000 and $1 million posted modest gains of about 5 percent in July thanks to growing inventory. Additionally, every price segment above $1 million continued to enjoy double-digit sales gains.” Other key points from C.A.R.’s July 2018 resale housing report include: On a regionwide, non-seasonally adjusted basis, sales in the Bay Area fell 7.1 percent monthly and increased 2.0 percent annually. Sales in the Inland Empire declined 6.1 percent from June and were up a nominal 0.1 percent from a year ago. Sales in the Los Angeles metro region dropped 11.3 percent from June and were essentially flat from a year ago. The erosion of affordability continues to drive the dynamics of the housing market in the Bay Area Region with the East Bay continuing to pick up sales as workers get priced out of the larger employment centers in the Peninsula and Silicon Valley. Sales in Contra Costa and Alameda counties were up by more than 10 percent in July. Sales in Napa County, one of the region’s more affordable areas, recorded a 13.9 percent gain as did Solano County – the most affordable market in the Bay Area. San Mateo County was the outlier amongst the Bay Area’s core employment centers, posting a 10.9 percent increase while sales in San Francisco and Santa Clara counties dropped 6.9 percent and 16.7 percent, respectively.
Dickson Portola Team
289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities Home sales in the Central Valley Region were down 1.3 percent from a year ago with only Kern, Merced, San Joaquin, and Tulare counties recording annual sales gains, while Fresno, Glenn, Kings, Madera, Placer, Sacramento, San Benito, and Stanislaus counties posted a sales decline from July 2017. The Southern California Region housing market was essentially flat compared to last year with sales ticking up 0.1 percent. Ventura County led the region with a 9.4 percent sales increase, followed by a modest uptick of 1.3 percent in Riverside. The core employment centers of the region continued to struggle as Orange and Los Angeles counties saw sales declines of 0.9 percent and 1.4 percent, respectively. Sales in San Diego inched up 0.7 percent in July. The Bay Area continues to see prices climb everhigher with many markets experiencing doubledigit growth in closed-sale prices. San Francisco, Santa Clara, and Alameda – all counties where more than half of the homes sold were over $1 million – each saw prices rise by more than 10 percent from last year. Prices in Sonoma were essentially flat, but the remainder of the region continued to experience healthy gains in the midto single- digits. Home prices in Southern California continued to rise as well, despite posting lackluster sales. Price increases in every county were in the singledigits, though San Bernardino County saw prices rise by 9.7 percent. With the exception of Madera County, which suffered from recent major wildfires, every part of the Central Valley saw prices rise as well. Statewide active listings improved for the fourth consecutive month after 33 straight months of declines, increasing 11.9 percent from the previous year. July’s listings increase was the biggest in more than three years, and the number of active listings was the greatest supply of homes on the market in nearly two years. Much of the listings increase is attributable to lower-priced properties. With the exception of homes priced under $300,000, every price segment posted a double-digit increase in active listings in July. The unsold inventory index, which is a ratio of inventory over sales, edged up to 3.3 months in
July from 3.2 months in July 2017. The index measures the number of months it would take to sell the supply of homes on the market at the current sales rate. The median number of days it took to sell a California single-family home remained low at 18 days in July, ticking up from 16 days in July 2017. C.A.R.’s statewide sales price-to-list price ratio* declined from a year ago for the first time in three years, dipping from 100.0 in July 2017 to 99.6 percent in July 2018. The average statewide price per square foot** for an existing, single-family home statewide was $289 in July, up from $270 in July 2017. The 30-year, fixed-mortgage interest rates averaged 4.53 percent in July, down from 4.57 percent in June and up from 3.97 percent in July 2017, according to Freddie Mac. The five- year, adjustable mortgage interest rate, however, edged higher in July to an average of 3.84 percent from 3.82 percent in June and from 3.22 percent in July 2017. Price per square foot nears record high.
Note: The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data are not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes. *Sales-to-list price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price. **Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property. It is calculated as the sale price of the home divided by the number of finished square feet. C.A.R. currently tracks price-per-square foot statistics for 50 counties. Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 190,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles. ###
July 2018 County Sales and Price Activity (Regional and condo sales data not seasonally adjusted)
Dickson Portola Team
289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
CA Median Price Dipped Slightly after Setting a New Record High California, July 2018: $591,460, -1.9% MTM, 7.6% YTY $700,000
Jul-17: $549,470
$600,000
Jul-18: $591,460
$500,000 $400,000 $300,000 $200,000 $100,000
Se
Ja
n05 p0 M 5 ay -0 6 Ja n07 Se p0 M 7 ay -0 8 Ja n09 Se p0 M 9 ay -1 0 Ja n11 Se p1 M 1 ay -1 2 Ja n13 Se p1 M 3 ay -1 4 Ja n15 Se p1 M 5 ay -1 6 Ja n17 Se p1 M 7 ay -1 8
$-
SERIES: Median Price of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS速
Sales Declined for the 3rd Consecutive Month California, July 2018 Sales: 406,920 Units, -1.4% YTD, -3.4% YTY 700,000 600,000 Jul-17: 421,920
500,000
Jul-18: 406,920
400,000 300,000 200,000 100,000
n05
SERIES: Sales of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS速
*Sales are seasonally adjusted and annualized
Price Per Square Foot Remained Near Record High
Condo/Townhome Market Set Another New Record High Median Price
July 2018: $289, Down 0.3% MTM, Up 7.0% YTY
$600,000
Jul-17
May-18
Feb-17
Dec-17
Sep-16
Jun-15
Apr-16
Jan-15
Nov-15
Oct-13
Mar-14
Aug-14
Jul-12
May-13
Feb-12
Dec-12
Sep-11
Jun-10
Apr-11
Jan-10
Nov-10
Oct-08
Mar-09
Aug-09
$0
Ja
n07 Ju l-0 Ja 7 n08 Ju l-0 Ja 8 n09 Ju l-0 Ja 9 n10 Ju l-1 Ja 0 n11 Ju l-1 Ja 1 n12 Ju l-1 Ja 2 n13 Ju l-1 Ja 3 n14 Ju l-1 Ja 4 n15 Ju l-1 Ja 5 n16 Ju l-1 Ja 6 n17 Ju l-1 Ja 7 n18 Ju l-1 8
$0
$100,000
Jul-07
$50
May-08
$100
Jul-18: $486,330
$200,000
Feb-07
$150
Dec-07
$200
Jul-17: $443,160
$300,000
Sep-06
$250
$400,000
Jun-05
Jul-18: $289
Apr-06
Jul-17: $270
Jan-05
PRICE PER SQ. FT.
$300
Median Price
$350
Condo
$500,000
$400
Nov-05
Ja
Se
p05 M ay -0 6 Ja n07 Se p07 M ay -0 8 Ja n09 Se p09 M ay -1 0 Ja n11 Se p11 M ay -1 2 Ja n13 Se p13 M ay -1 4 Ja n15 Se p15 M ay -1 6 Ja n17 Se p17 M ay -1 8
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SERIES: Median Price Per Square Feet of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS速
SERIES: Median Prices of Existing Condos/Townhomes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS速
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
ANCIENT ORIGINS OF TRICK-OR-TREATING
Halloween has its roots in the ancient, pre-Christian Celtic festival of Samhain, which was celebrated on the night of October 31. The Celts, who lived 2,000 years ago in the area that is now Ireland, the United Kingdom and northern France, believed that the dead returned to earth on Samhain. People would gather to light bonfires, offer sacrifices and pay homage to the deceased.
DID YOU KNOW? Although it is unknown precisely where and when the phrase “trick or treat” was coined, the custom had been firmly established in American popular culture by 1951, when trick-ortreating was depicted in the Peanuts comic strip. In 1952, Disney produced a cartoon called “Trick or Treat” featuring Donald Duck and his nephews Huey, Dewey and Louie. During some Celtic celebrations of Samhain, villagers disguised themselves in costumes made of animal skins to drive away phantom visitors; banquet tables were prepared and edible offerings were left out to placate unwelcome spirits. In later centuries, people began dressing as ghosts, demons and other malevolent creatures, performing antics in exchange for food and drink. This custom, known as mumming, dates back to the Middle Ages and is thought to be an antecedent of trick-or-treating.
EARLY CHRISTIAN AND MEDIEVAL ROOTS OF TRICK-OR-TREATING
By the ninth century, Christianity had spread into Celtic lands, where it gradually blended with and supplanted older pagan rites. In 1000 A.D. the church designated November 2 as All Souls’ Day, a time for honoring the dead. Celebrations in England resembled Celtic commemorations of Samhain, complete with bonfires and masquerades. Poor people would visit the houses of wealthier families and receive pastries called soul cakes in exchange for a promise to pray for the souls of the homeowners’ dead relatives. Known as souling, the practice was later taken up by children, who would go from door to door asking for gifts such as food, money and ale. In Scotland and Ireland, young people took part in a tradition called guising, dressing up in costume and accepting offerings from various households. Rather than pledging to pray for the dead, they would sing a song, recite a poem, tell a joke or perform another sort of “trick” before collecting their treat, which typically consisted of fruit, nuts or coins.
The Catholic pope. By the early 19th century, children bearing effigies of Fawkes were roaming the streets on the evening of November 5, asking for “a penny for the Guy.”
TRICK-OR-TREATING IN THE UNITED STATES Some American colonists celebrated Guy Fawkes Day, and in the mid-19th century large numbers of new immigrants, especially those fleeing the Irish Potato Famine in the 1840s, helped popularize Halloween. In the early 20th century, Irish and Scottish communities revived the Old World traditions of souling and guising in the United States. By the 1920s, however, pranks had become the Halloween activity of choice for rowdy young people, sometimes amounting to more than $100,000 in damages each year in major metropolitan areas. The Great Depression exacerbated the problem, with Halloween mischief often devolving into vandalism, physical assaults and sporadic acts of violence. One theory holds that it was the excessive pranks on Halloween that led to the widespread adoption of an organized, community-based trickor-treating tradition in the 1930s. This trend was abruptly curtailed, however, with the outbreak of World War II, when children had to refrain from trick-or-treating because of sugar rationing. At the height of the postwar baby boom, trick-or-treating reclaimed its place among other Halloween customs, quickly becoming standard practice for millions of children in America’s cities and newly built suburbs. No longer constrained by sugar rationing, candy companies capitalized on the lucrative ritual, launching national advertising campaigns specifically aimed at Halloween. Today, Americans spend an estimated $6 billion annually on Halloween, making it the nation’s second-largest commercial holiday.
GUY FAWKES NIGHT CELEBRATIONS Still another potential trick-or-treating predecessor is the British custom for children to wear masks and carry effigies while begging for pennies on Guy Fawkes Night (also known as Bonfire Night), which commemorates the foiling of the socalled Gunpowder Plot in 1605. On November 5, 1606, Fawkes was executed for his role in the Catholic-led conspiracy to blow up England’s parliament building and remove King James I, a Protestant, from power. On the original Guy Fawkes Day, celebrated immediately after the famous plotter’s execution, communal bonfires, or “bone fires,” were lit to burn effigies and the symbolic “bones” of
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
OCTOBER 2018 SUN
MON 30
TUES 01
WED 02
THUR 03
FRI 04
Bingo Loyalton
SAT 05
06 Benefit Golf Tournament Plumas Pines Lil’ Megs Pumpkin Patch
Lil’ Megs Pumpkin Patch
07
08 Columbus Day
09
10
11
12
Mountain Harvest Festival
13
Octoberfest Street Faire Lil’ Megs
Lil’ Megs Pumpkin Patch
14
15
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17
18
19
20 Grange Dinner/Dance Craft Fair Quincy Lil’ Megs
Lil’ Megs Pumpkin Patch
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28
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24 Rotary Club of Loyalton Oktoberfest
25
31 Halloween
01
07
08
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03 DAYLIGHT SAVINGS; set clocks
Lil’ Megs Pumpkin Patch
04
27 -Safe Trunk or Treat-Portola -Harvest Craft Fair-Loyalton -Country Market-Loyalton -Graeagle Trick or Treat
09
10
Save the Date: 5th Annual Craft Fair Portola
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities Date and Event
Where Held
Time
Contact Info.
Details
EVERY Sat. & Sun. in October Lil’ Megs Pumpkin Patch
4118 Sedundo Road, Beckwourth
10:00 am 4:00 pm
(530) 412-1073
Pumpkins, Baked Goods, Corn Maze, Games Fun for the whole family
October 5 Bingo
Loyalton City Center
6:00 pm
Hosted by Sierra Valley Community Foundation
$1/care per game and $5/card for blackout; must be over 18 to play
October 6 Swinging for Schools Benefit Golf Tourney Sierra Schools Foundation
Plumas Pines Golf Resort 402 Poplar Valley Road Graeagle
9:00 am Dinner at 4:00 pm
(530) 414-3655
Gather your friends, family and coworkers, and join us for a fun day of golf to support the students, teachers, and schools of the Sierra-Plumas Joint Unified School District. All proceeds from this event go towards the teacher, school, and district grant program so our Sierra students can have the very best educational experience around. They deserve no less! $110/person or $400/foursome; includes care rental, golf and awards dinner
Plumas-Sierra County Fairgrounds 204 Fairgrounds Rd. Quincy
1:00 pm 5:00 pm
meganmeschery@gmail.com www.sierraschoolsfoundation .org
Benefit Event
October 13 Mountain Harvest Beer Fest Benefit Event
(530) 283-3402 NON-TASTING EVENT ADMISSION is $5 at the gate. TASTING PASSES include event admission, tasting 20+ beers, and a souvenir tasting glass, and are $35 General Admission or $30 for Plumas Arts Members* The Fairgrounds offers overnight camping for $10 per site. RV hook-ups are $20.
October 13 Oktoberfest & Street Fair
Sierra City Main Street
10:00 am 4:00 pm
Call Mary Ervin at 530-8621173 for more information
Mountain Harvest revolves around one of the most impressive small town microbrew tastings you will find anywhere. Brewers and brewery owners love to come to this event to proudly share the fruits of their labors and to "talk beer" with an interested, appreciative crowd. We will have more than 20 craft brewers represented with more than 50 brews to sample. This Mountain Harvest Festival is one of the major fund-raising efforts that helps to keep Plumas Arts bringing you the countless events, services and programs all year long that helps make our lovely little county the very happening cultural center that it has become. Come have a great time and support an organization that make our local way of life worth bragging about! It's time for the annual Oktoberfest in Sierra City! Come to the mountains and enjoy the fall colors and some good oldfashioned fun Saturday October 13th. Vendors offer an wonderful array of temptations up and down Sierra City's historic Main Street. Don't miss the music, magic, crafts, brauts & sauerkraut along with fresh squeezed apple cider.
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities Date and Event
Where Held
Time
Contact Info.
Details
10/20 Crafts Fair
Elks Lodge 2004 East Main Quincy
9:00 am 4:00 pm
Susan Peters (530) 283-9113
Get a jump start on your holiday gift shopping!
10/20 Dinner/Dance
Sierra Valley Grange Hall 92202 Hwy. 70 Vinton
5:30 pm 10:30 pm
(530) 993-1182 annygrny@att.net
Dinner - Baked Potato Dinner 5:30pm6:30pm $10. Dance Lessons - 6:30pm-7:30pm Free with admission. Dance to CD’s 7:30pm-10:30pm - $5. Benefits Sierra Valley Grange Hall
October 24 Rotary Club Oktoberfest Fundraiser
Loyalton Golden West Dining, Main Street
6:00 pm
mgrant@spjusd.org
Annual fundraiser dinner for high school student scholarships.
October 27 Harvest Fest Crafts Faire
Loyalton Senior Center
10:00 am
(530) 993-4770
Get a head start on holiday shopping
October 27 Graeagle Trick or Treat
Downtown Graeagle
4:00 pm 6:00 pm
(333) 333-3333: htpp;//graeaglemerchants. com
Get your costumes on, grab your candy buckets and bring the whole family out for a safe and spooktacular time. Trick-orTreat at participating downtown Graeagle Merchants for delicious treats for all to enjoy
October 27 Safe Trunk or Treat
Portola Eastern Plumas Health Care Parking Lot 500 First Avenue
6:00 pm 9:00 pm
Mischele Dillin (530) 394-0452
Create a thrilling chilling Trunk display! Support our Community’s Kids
October 27 Country Market and Bazaar Pumpkin Carving Festival
Loyalton Kiosk Site at Hwy. 49 and 2nd Street
10:00 am 2:00 pm
(530) 993-0453
Pumpkin carving festival is Oct. 27th, FUN for the whole family, prizes & goodies!
East Sierra Valley Chamber
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
ToAlturas ToRedding
395 89
1
Autumn is a second spring when every leaf is a flower. ~Albert Camus~
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Lake Almanor
Antelope Lake Butt Valley Reservoir
Round Valley Lake
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Frenchman Lake
70/89
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Little Grass Valley Reservoir
ToMarysville
ToReno
E21
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395
A23 WY G O D L LAKE H
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Gold Lake
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ToTruckee
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
IN AUTUMN, DON’T GO TO JEWELERS TO SEE GOLD; GO TO THE PARKS ~Mehmet Murat ildan~
Autumn in Truckee is one of the best times of the year to visit. From fun events, cooler temps, to stunning fall foliage scenery. Here is a list of our favorite Truckee hiking trails to help your harvest the best of autumn here in Truckee! Sagehen Creek Trail 2.5 mile single track trail from 89N at Sagehen Creek to Stampede Reservoir. Waddle Ranch Preserve Hikers and nature lovers enjoy this hike through meadows and over creeks that leads to Lake Ella and Martis Creek Lake in Martis Valley. The trailhead is located just off of Hwy 267 before Northstar. Loch Leven Lakes Hikers who enjoy swimming in alpine lakes are drawn to this scenic hike that leads to four lakes at the end of Donner Summit Trail. Commemorative Emigrant Trail Single track trail following Alder Creek out to Stampede Reservoir, following in a historic path of pioneers in the 1800s. Martis Peak Hike 8 mile hike from just south of Brockway Summit on HWY
267 to the Martis Peak fire lookout, with about 1700 ft in elevation gain. Sawtooth Trail 9-mile single track trail with great vistas. Donner Camp Trail at Alder Creek – Historical Site Interpretive 1/3 mile trail with plaque commemorating where part of the Donner Party camped near Alder Creek, trapped during the severe winter of 1846-47. Prosser Creek Reservoir A popular local recreation spot, four miles from downtown Truckee with single track and dirt roads weaving through the woods and around the reservoir. Camping is available at the north end. Lakeshore Interpretive Trail 2.5 mile path along Donner Lake, with Donner Memorial State Park history and ecology exhibits along the way. Donner Summit Canyon The trails of this historic area off of Old Hwy 40 on Donner Summit follow clear creeks and look directly down on Donner Lake. Only nonmotorized vehicles are allowed on the trails that follow the old train tunnels.
Martis Creek Wildlife Area Trail 4.1 mile easy to moderate hiking loop. Truckee River Legacy Trail A 6-mile paved bike path (plowed in winter) along the Truckee River from Truckee River Regional Park to Glenshire neighborhood and accessing Riverview Sports Park with historical and art landmarks. Johnson Canyon Trails leading through Johnson Canyon connect with Summit Lake to the west or Glacier Way and the Donner Rim Trail in Tahoe Donner to the east. Trout Creek Trail Walk, jog, or bike from historic downtown Truckee at bridge street to Tahoe Donner up a beautiful canyon filled with pine forests and Aspen trees. Listen to Trout Creek babble and birds sing while you enjoy this trail’s secluded feel. Donner Lake Rim Trail Multi-use single track trail on the mountains and ridges surrounding Donner Lake. Currently 15 of the planned 23-mile trail are open (9 of those for bicycle use.)
Dickson Portola Team
289 Commercial Street | Portola, CA 96122 | 530.832.1700
NEWS YOU CAN USE OCTOBER 2018 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Graeagle, Portola, Loyalton, Chilcoot and Golf Course Communities
9 Things to Do When Daylight Saving Time Ends November 4, 2018 Changing the clocks isn't the only important "fall back" task. Sure, you're probably looking forward to that extra hour of sleep you get each fall when we turn the clocks back. But a little more shuteye (and the threat of being an hour early to work on Monday) aren't the only things Daylight Saving Time should signal. Use this time to take care of important biannual tasks around your home. 1. Change the batteries in your smoke detectors. You've likely heard this one before, but it's worth repeating. Take the time to make sure your smoke alarms and carbon monoxide detectors are in working order and have fresh batteries. Flames can consume a home in as little as five minutes, and the risk of dying in a fire is cut in half in homes with working smoke alarms. 2. Flip your mattress. To make sure your mattress wears evenly, you should flip it every six months. Got a pillowtop? Just rotate it instead of turning it over.
6. Vacuum out your dryer's vent and ducts. Lint lodged in the vent pipes, the space behind the dryer, and ducts outside your home is often the cause of dryer fires. Your vacuum's crevice tool can help you get the job done. 7. Replace or clean filters around your house. You should inspect the filters in your heating and air-conditioning units to make your systems are still running well, but also check the water filter in your fridge and HEPA filter in your vacuum. 8. Clean the oven. In preparation for holiday parties, make sure your kitchen is in tip-top shape by running your oven's self-cleaning function — or getting on your hands and knees and doing some old-fashioned scrubbing. 9. Check your emergency kit. If you've depleted your supply of flashlight batteries, bandage, and other just-in-case items over the past six months, use this time to restock. Set back your clocks at midnight November 3rd
3. Wash your pillows. Oils from your face, dead skin, and dust mites accumulate in your pillow over time, so they need a good cleaning twice a year. Owned a pillow for more than two years? Replace it. 4. Take stock of your medicine cabinet and pantry. Now is a great time to declutter your stash of food and medical supplies. Toss anything that has expired. 5. Clean your fridge's coils. To keep your unit running efficiently, use your vacuum's wand to suck away layers of dirt and dust.
Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700