Eastern Plumas & Sierra Counties Newsletter - October 2019

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Contents Plumas Office & Portola’s Western Pacific Train Museum

Pg. 2

Sales Statistic Reports

3-5

Guild Mortgage Corner

6

Tips to Improve Your Appraisal Outcome

7

California Association of REALTORS® August 2019 Press Release

8-9

Excerpts from California Association of REALTORS® California Housing July 2019 Report

10-11

Facts about Harvest Moon

12-13

Daylight Saving Time Ends – Reminder Tips October Calendar and Event Details

14 15-16

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn. 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 REALTORSÂŽ, 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 Western Pacific Railroad Museum at Portola is home to North America's largest and most complete collection dedicated to telling the story of one railroad. It is also one of the few places where you can experience rail history in a truly "hands-on" way.

Come sit in the cab of the world's largest and mightiest diesel locomotive, climb aboard passenger cars from the California Zephyr, and take the throttle of a real locomotive under your control. The Western Pacific Railroad was not the largest of the Western Class-One railroads. It wasn't formed until 1906, with completion in 1909. However, operating in the shadow of giants like the Southern Pacific, Santa Fe and the Union Pacific, the relatively young WP had to work that much harder to survive. Thanks to the tenacious spirit and dedication of its employees, the WP rolled on in the face of occasional adversity with a spirit, humor, and culture that made them a legendary figure in the annals of railroading. In the 1960's, the Western Pacific Marketing Department in San Francisco embarked on an advertising campaign, nicknaming their employees spirit the "Willing People". Today, the volunteers of the Western Pacific Railroad Museum personify this spirit and dedication at our World Class museum. It is this tenacity that carries on the proud tradition of the WP railroaders before them. The volunteers of the Non-Profit "Feather River Rail Society" come to us from all walks of life. Police officers, medics, businessmen, technology professionals, educators, musicians, truck drivers, pilots, professional railroaders, retirees, the list goes on and on. They all come together in their free time to carry on the proud traditions of the employees of the Western Pacific Railroad on 36 acres in Northern California on the site of the former WP Portola Diesel facility, putting an exclamation point on the credo "WP Lives!� Regardless of experience, railroad knowledge or physical abilities, these folks work tirelessly to keep the museum open and the trains rolling. Every task they perform, large or small, makes a tremendous difference and is equally important to keeping the Western Pacific alive. The only difference between these folks and the Western Pacific employees before them is that they do not receive a paycheck. On the contrary, a lot of the work they perform is at great expense and sacrifice of time, money and materials. However, this dedication and spirit is paid back ten fold on the faces of happy visitors, young and old. It makes all of the hours spent driving spikes, running trains, restoring equipment and sweeping floors worth it!

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn. Sales statistics this month provide a 12 month overview, AUGUST 2018 through AUGUST 2019, of residential sales to show the Median Pricing, Lowest and Highest Sold Prices, Total number of units sold, and Average days on the market.

The sales reported are for Single Family Residential and Condo/Townhouse sales in each of the areas.

(Time share and/or shared ownership are not included in the statistics presented.)

The data source is the Plumas Multiple Listing Service with data pulled on September 10, 2019

AUGUST 2018

$

122,500 $

122,500 $

122,500

1

57

September

$

1,450,000 $

1,450,000 $

1,450,000

1

489

October

$

500,000 $

500,000 $

500,000

1

132

November

$

70,000 $

70,000 $

70,000

1

281

December

$

-

January

$

205,000 $

205,000 $

February

$

-

$

-

$

March

$

-

$

-

$

April

$

490,000 $

460,000 $

May

$

-

$

-

$

-

-

June

$

-

$

-

$

-

-

-

July

$

-

$

-

$

-

-

-

AUGUST 2019

$

-

$

-

$

-

-

-

CHILCOOT

MEDIAN SALES PRICE

HIGHEST SALE

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

AUGUST 2018

$

-

$

-

$

-

-

-

September

$

-

$

-

$

-

-

-

October

$

-

$

-

$

-

-

-

November

$

-

$

-

$

December

$

161,000 $

January

$

-

February

$

275,000 $

275,000 $

March

$

-

$

-

$

April

$

-

$

-

$

May

$

-

$

-

$

June

$

400,000 $

400,000 $

400,000

1

112

July

$

370,000 $

370,000 $

370,000

1

67

AUGUST 2019

$

-

-

-

-

CLIO

MEDIAN SALES PRICE

AUGUST 2018

$

225,815 $

225,815 $

1

45

September

$

-

$

-

$

-

-

-

October

$

-

$

-

$

-

-

-

November

$

-

$

-

$

December

$

110,000 $

110,000 $

110,000

January

$

858,500 $

300,000 $

1,417,000

February

$

-

$

-

$

March

$

-

$

-

$

April

$

629,000 $

463,500 $

May

$

-

$

-

$

-

June

$

-

$

-

$

-

-

-

July

$

-

$

-

$

-

-

-

AUGUST 2019

$

-

$

-

$

-

-

-

-

-

-

-

-

32

-

-

149

-

2

795,000 -

ly Ju

20 19

US T

-

175

ly

-

$1,000,000 $800,000 $600,000 $400,000 $200,000 $-

20 19

-

Clio Median Sales Price Trend

1 2

-

US T

AVG. DAYS ON MARKET

US T

-

AU G

-

RESIDENTIAL SOLD

ly

-

-

20 19

-

225,815

ne

AU G

-

Ju

448

$400,000 $300,000 $200,000 $100,000 $-

ne

1

181

HIGHEST SALE

Ju

Chilcoot Median Sales Price Trend

-

-

US T Se 2 0 pt 1 8 em b Oc er t No obe ve r m D e be r ce m be r Ja nu Fe ary br ua ry M ar ch Ap ril M ay

-

1

275,000

AU G

118

Ju

LOWEST SALE

2

$-

-

AU G

$

-

-

Ju

$

161,000

-

$500,000

ne

$

-

520,000

227

Ju

$

161,000 $

-

1

US T Se 2 0 pt 1 8 em b Oc er t No obe r ve m D e be ce r m be r Ja nu ar y Fe br ua ry M ar ch Ap ril M ay

LOWEST SALE

205,000

$1,000,000

Se 2 0 pt 1 8 em b Oc er t No obe r ve m D e be ce r m be r Ja nu ar Fe y br ua ry M ar ch Ap ril M ay

$

$1,500,000

AU G

-

Beckwourth Median Sales Price Trend

US T

$

HIGHEST SALE

AVG. DAYS ON MARKET

MEDIAN SALES PRICE

AU G

LOWEST SALE

RESIDENTIAL SOLD

BECKWOURTH

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

AUGUST 2019

$

282,000 $

175,000 $

1,130,000

15

178

$600,000

September

$

268,800 $

218,700 $

1,575,000

9

131

$400,000

October

$

350,000 $

250,000 $

740,000

9

121

$200,000

November

$

262,500 $

213,682 $

1,255,000

6

207

$-

December

$

225,000 $

200,000 $

510,000

7

220

January

$

336,488 $

336,488 $

336,488

1

31

February

$

560,000 $

560,000 $

560,000

1

175

March

$

226,250 $

182,500 $

270,000

2

April

$

247,250 $

200,000 $

374,000

4

284

May

$

315,000 $

217,000 $

575,000

5

181

June

$

354,500 $

260,000 $

600,000

12

130

July

$

255,000 $

48,000 $

742,000

10

125

AUGUST 2019

$

289,250 $

180,000 $

610,000

8

99

GOLF COURSE MEDIAN COMMUNITIES SALES PRICE

LOWEST SALE

HIGHEST SALE

RESIDENTIAL SOLD

ly Ju

20 19

AU G

US T

Ju

ne

Graeagle-Blairsden Median Sales Price Trend

US T Se 2 01 pt em 9 b Oc er t No obe r ve m D e be ce r m be r Ja nu ar y Fe br ua ry M ar ch Ap ril M ay

HIGHEST SALE

AVG. DAYS ON MARKET

MEDIAN SALES PRICE

AU G

LOWEST SALE

RESIDENTIAL SOLD

GRAEAGLEBLAIRSDEN

217

AVG. DAYS ON MARKET

Golf Course Communities Whitehawk, Grizzly Ranch, Gold Mountain

Median Sales Price Trend

AUGUST 2018

$

442,500 $

250,000 $

845,000

6

186

September

$

950,000 $

950,000 $

950,000

1

72

October

$

390,000 $

390,000 $

390,000

1

255

$500,000

November

$

462,500 $

325,000 $

600,000

2

328

$-

December

$

303,250 $

298,500 $

308,000

2

100

January

$

547,500 $

547,500 $

547,500

1

141

February

$

793,750 $

462,500 $

1,125,000

2

158

March

$

406,250 $

342,500 $

470,000

2

62

April

$

312,500 $

312,500 $

312,500

1

337

May

$

535,000 $

535,000 $

535,000

1

41

June

$

-

July

$

330,000 $

330,000 $

330,000

1

140

AUGUST 2019

$

530,000 $

385,000 $

675,000

2

107

$

-

$

-

-

ly Ju AU G

US T

20 19

ne Ju

AU G

US T

Se 2 0 pt 1 8 em b Oc er t No obe r ve m D e be ce r m be r Ja nu ar Fe y br ua ry M ar ch Ap ril M ay

$1,000,000

-

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 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

AUGUST 2018

$

136,000 $

46,400 $

198,000

9

116

$300,000

September

$

189,000 $

100,000 $

285,000

5

88

$200,000

October

$

149,000 $

65,000 $

310,000

10

142

$100,000

November

$

206,000 $

76,000 $

235,000

6

127

$-

December

$

193,950 $

40,000 $

350,000

8

129

January

$

175,000 $

140,000 $

255,000

5

122

February

$

175,000 $

55,000 $

555,000

7

March

$

188,000 $

100,000 $

323,000

7

$

199,000 $

183,000 $

330,000

5

353

May

$

258,000 $

115,000 $

420,000

5

112

June

$

265,000 $

62,500 $

325,000

6

143

July

$

114,000 $

55,000 $

300,000

5

136

AUGUST 2019

$

160,000 $

108,000 $

395,000

7

218

LOYALTON

MEDIAN SALES PRICE

AUGUST 2018

$

382,500 $

370,000 $

September

$

-

$

-

$

October

$

-

$

-

$

November

$

150,000 $

150,000 $

December

$

265,000 $

January

$

February

$

March

$

255,000 $

255,000 $

April

$

175,000 $

May

$

June

$

July AUGUST 2019

$400,000

-

-

-

$300,000

-

-

-

150,000

1

157

265,000 $

265,000

1

100

300,000 $

300,000 $

300,000

1

237

-

-

1

121

175,000 $

175,000

1

267,000 $

236,000 $

298,000

2

51

305,000 $

250,000 $

360,000

2

212

$

299,000 $

299,000 $

299,000

1

100

$

319,000 $

319,000 $

319,000

1

273

ly Ju ly Ju

ne

US T AU G

20 19

-

255,000

$100,000 $-

US T

-

$200,000

AU G

-

20 19

US T

Loyalton Median Sales Price Trend

59

$

ne

AU G

AVG. DAYS ON MARKET

2

$

395,000

RESIDENTIAL SOLD

Ju

HIGHEST SALE

Ju

123 146

April

LOWEST SALE

US T Se 2 01 pt em 8 b Oc er t No obe r ve m D e be ce r m be r Ja nu ar y Fe br ua ry M ar ch Ap ril M ay

Portola Median Sales Price Trend

Se 2 01 pt em 8 b Oc er t No obe ve r m D e be r ce m be r Ja nu ar y Fe br ua ry M ar ch Ap ril M ay

HIGHEST SALE

AVG. DAYS ON MARKET

MEDIAN SALES PRICE

AU G

LOWEST SALE

RESIDENTIAL SOLD

PORTOLA

338

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 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Guild Mortgage Corner 5 commonly asked questions about home appraisals Homebuyers understandably have a lot of questions when it comes to purchasing a home. Appraisals are a common part of the homebuying process yet there are often misperceptions surrounding them. Here are the five frequently asked questions about home appraisals.

1) What are the benefits of a home appraisal?

Certified appraisers provide an objective, unbiased assessment of a property’s fair market value. Buyers can be confident that a home’s sale price is reasonable. Also, sellers get credit for improvements and upgrades, as well as the land’s value.

2) How is the appraisal done?

The home appraisal process is primarily based on comparable homes in the area that are similar in size, style and features to the house that is being appraised. An appraiser will also do a walk-through of the property looking for safety code violations and anything that can alter a home’s value. Since housing markets fluctuate, appraisers rely on local home sales within the last six months. The report is then sent directly to the lender; as a buyer, you can request a copy of it for your records.

3) How long does an appraisal take?

While the assessment itself may only take a few hours, there are many other factors involved, making it difficult to establish a typical turnaround time. Note that lenders are required to provide the appraisal at least three days before your closing.

4) How much does an appraisal cost and who pays for it?

Depending on your property type and location, the cost of an appraisal will vary. When the lender orders it, the buyer is ultimately responsible for the cost. This expense is typically part of the closing costs that a buyer pays in connection with purchasing a home.

5) What are my options if the appraisal comes in low?

Unfortunately, there are times when the home doesn’t appraise at the sale price. This can happen for a variety of reasons such as overpricing by the seller or a shortage of comparable sales in the area. As a buyer, you have options, such as making up the difference in cash or negotiating a lower price.

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 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

4 Ways to Strengthen Your Home’s Refinance Appraisal Value Refinancing your home involves several important steps, but the property appraisal may be the most crucial.

When a real estate appraiser hands down an opinion on the value of your house, it can make — or break — your ability to qualify for the new loan you want. Naturally, you want that value to match your refinancing goals.

Simply put, a property appraisal is an assessment of your home’s market value based on several factors, including its size, age, condition, location, amenities and previous sales prices, according to the Appraisal Institute, a global professional association for appraisers. Professional appraisers have specialized training and experience in property valuation, and their opinion carries a lot of weight with lenders.

Because market conditions change rapidly and property values in your neighborhood might be much higher (or lower) than when you bought your home, you need to have your property’s value appraised when refinancing. Any upgrades or improvements you’ve made won’t be reflected in your original valuation; it benefits you to have an appraiser see those in person. If you’ve let your home fall into disrepair, though, an appraiser will take note of that, too.

How to increase your property’s value To learn simple, cost-effective ways you can pump up your home’s appraised value, NerdWallet talked to real estate experts.

While their suggestions might take some time and elbow grease on your part, the results (and value added to your home) will likely pay off in the end. Here are four suggested projects that will give the best bang for your buck:

1. Refresh paint, remove clutter. The quickest, easiest way to increase your chances of a higher appraisal is to paint, which can take years off an outdated home. If there are crayon marks on your walls and clutter on the floors, a fresh coat of paint and some simple organizing will make a good impression when an appraiser comes to call, paint is also inexpensive.

2. Replace worn carpet and flooring. This is another upgrade that will stand out to property appraisers. New carpet or flooring that mimics the look of hardwood can add several thousand dollars in value to your home. If you don’t have the money to replace all of your flooring, focus on fixing damaged sections and getting carpets professionally cleaned before an appraisal.

3. Update elements of the kitchen and bathrooms. Touching up these rooms remains the gold standard for netting you the best return on your home-improvement dollars. Keeping them clean certainly goes a long way, but you can do low-cost upgrades that add value, too, such as removing wallpaper, refinishing laminate countertops, painting cabinets and hanging new light fixtures. You don’t have to do a complete renovation or spend a lot of money to gain value in these rooms for a refi appraisal, but making a few updates will earn value adjustments in your favor.

4. Create curb appeal. A property appraiser isn’t going to spend much time judging your home’s exterior, but a good first impression doesn’t hurt. Cleaning up flower beds and redoing the mulch are inexpensive, loweffort ways to make your home easy on the eyes.

These options will give you the best chance of scoring a higher appraisal value that will, in turn, help you get the mortgage refinance that meets your real estate goals.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

August 15, 2019 California home sales perk up in July for first time in more than a year, C.A.R. reports - Existing, single-family home sales totaled 411,630 in July on a seasonally adjusted annualized rate, up 5.6 percent from June and up 1.1 percent from July 2018.

- July’s statewide median home price was $607,990, down 0.4 percent from June and up 2.8 percent from July 2018.

- Year-to-date statewide home sales were down 4.9 percent in July.

LOS ANGELES (Aug. 15) – The lowest mortgage interest rates in nearly three years helped jump start California’s housing market to post the first year-over-year sales gain and highest sales level in 15 months, 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 411,630 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 2019 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 up 5.6 percent from the 389,730 level in June and up 1.1 percent from home sales in July 2018 of 407,030.

“Mortgage rates that dipped to the lowest level in nearly three years has helped reduce monthly mortgage payments for the past five consecutive months, giving buyers more purchasing power,” said C.A.R. President Jared Martin. “The boost in demand gave the housing market its first yearly gain since April 2018.”

After setting record prices for the past three months straight, the median price pulled back from June’s $610,720 but still registered higher than the previous year. July’s median price was $607,990, down 0.4 percent from June and up 2.8 percent from $591,230 in July 2018, marking the fourth straight month that the median price remained above $600,000.

“While it’s encouraging that home sales crept higher in July, the market will continue to be challenged by an overarching affordability issue, especially in high cost areas such as the Bay Area, which requires a minimum annual income well into the six figures to purchase a home,” said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young.

Other key points from C.A.R.’s July 2019 resale housing report include: • At the regional level, non-seasonally adjusted sales increased from a year ago in all major regions, except the San Francisco Bay Area, which experienced a 0.6 percent decline. The Central Valley recorded the largest gain at 5.2 percent, followed by the Central Coast region, which grew 5.0 percent. The Los Angeles Metro region posted a 4.0 percent increase, and sales in the Inland Empire improved by 2.4 percent.

• In the San Francisco Bay Area, Alameda County recorded the largest drop in non-seasonally adjusted sales from a year ago at 10.5 percent, followed by Contra Costa County (-5.0 percent) and San Mateo County (-3.0 percent). On the other hand, Marin, San Francisco and Sonoma counties posted double-digit sales gains from a year ago. Sales in the three remaining counties grew in the single digits.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Non-seasonally adjusted sales rose in every county in Southern California, with Orange County rising the most at 6.7 percent, followed by San Bernardino (5.0 percent), Los Angeles County (4.7 percent), San Diego (3.4 percent), Ventura (2.1 percent) and Riverside (0.8 percent).

• Median home prices at the regional level continued to inch up in Southern California and the Central Valley regions, while the Central Coast and Bay Area declined slightly from a year ago.

• In the Southern California region, median home prices grew in every county, while most Bay Area region counties continued to experience price softening on a year-over-year basis.

• Median prices improved from the prior year in all Central Valley region counties, except San Benito.

• Active listings, which had been increasing year-over-year for the past 15 months, fell 2.1 percent from a year ago.

• The decrease in active listings and an increase in home sales contributed to a year-over-year decline in unsold inventory for the first time in 15 months. The Unsold Inventory Index (UII), which is a ratio of inventory over sales, was 3.2 months in July, down from 3.4 months in June and down from 3.3 months in July 2018. 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 increased in July. Time on market inched up from 19 days in June to 21 days in July. It took a median number of 18 days to sell a home in July 2018.

• C.A.R.’s statewide sales-price-to-list-price ratio* was 99.0 percent in July 2019 compared to 99.6 percent in July 2018.

• The average statewide price per square foot** for an existing, single-family home statewide reached $290 in July 2019 and was $288 in July 2018.

• The 30-year, fixed-mortgage interest rate averaged 3.77 percent in July, down from 4.53 percent in July 2018, according to Freddie Mac. The five-year, adjustable mortgage interest rate was an average of 3.47 percent, compared to 3.84 percent in July 2018.

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 lowerend 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 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

•

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

California Housing Market Update – July 2019 August 16, 2019 Oscar Wei Senior Economist and Director of Research

(Selected Excerpts)

Sales up, price remains elevated, supply down Existing Home Sales % change

+1.1% YTY -4.9% YTD

Price

Unsold Inventory Index

$607,990

3.2 months

+2.8% Y2Y

-3.0% Y2Y

Median Days on Market 21 days

+16.7% Y2Y

Sales Price to List Price Ratio 99.0%

-0.6% Y2Y

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

California median price moderates in July $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000

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Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

WHY IS IT CALLED THE HARVEST MOON?

For several evenings, the moonrise comes soon after sunset. This results in an abundance of bright moonlight early in the evening, which was a traditional aide to farmers and crews harvesting their summer-grown crops.

Hence, it’s called the “Harvest” Moon!

WHAT MAKES THE HARVEST MOON DIFFERENT FROM OTHER FULL MOONS?

There are just a little over 12 complete Moon cycles every year, on average (there being about 29.53 days in a synodic month). The Harvest Moon isn’t like the other Moons. Usually, throughout the year, the Moon rises an average of about 50 minutes later each day. But near the autumnal equinox, the difference is only 30 minutes.

Additionally, the Full Harvest Moon rises at sunset and then will rise very near sunset for several nights in a row because the difference is at a yearly minimum.

It may almost seem as if there are full Moons multiple nights in a row!

MORE INFORMATION ABOUT THE HARVEST MOON

If interested, here is more detailed information about the Harvest Moon. (Warning: Scientific explanation below!)

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

But around the date of the Harvest Moon, the Moon rises about the same time. Why? Remember that the zodiac is the band of constellations through which the Moon travels from night to night. The section of the zodiac band in which the full Moon travels around the start of autumn is the section that forms the most shallow angle with the eastern horizon.

Because the Moon’s orbit on successive nights is more nearly parallel to the horizon at that time, its relationship to the eastern horizon does not change appreciably, and the Earth does not have to turn as far to bring up the Moon.

The Moon may rise as little as 23 minutes later on several nights before and after the full Harvest Moon (at about 42 degrees north latitude), which means extra light at peak harvest time near autumn. By the time the Moon has reached last quarter, however, the typical 50minute delay has returned.

At the start of spring, the opposite applies. The full Moon is in the section of the zodiac that has the steepest angle with respect to the eastern horizon. For several days bracketing the full Moon nearest the vernal equinox, the delay in moonrise is as much as 75 minutes (at 42 degrees north latitude).

Here is another way of expressing what happens with the Harvest Moon: It is in this part of the zodiac that the Moon’s eastward (orbital) motion has its largest northward component.

For observers in Earth’s Northern Hemisphere, the farther north an object is in the heavens, the longer an arc it makes across the sky, and the longer a time it is visible above the horizon. Thus, to say that the Moon is getting rapidly farther north each night around the time of the Harvest Moon is to say that, for northern latitudes on Earth, it will keep rising distinctly earlier than would otherwise be expected—nearly the same time as the night before.

How nearly the same is “almost the same time” each night? This varies with latitude, for the farther north you are, the shallower the angle of the zodiac is with respect to your horizon. In most of the United States and southern Canada, the Harvest Moon rises 25 to 30 minutes later each night. The effect is less noticeable the farther south you go. But going north makes the Harvest Moon more extreme.

According to astronomy author Guy Ottewell, the idea of the Harvest Moon originated in Europe (average latitude about 50 degrees north), where the Harvest Moon rises only ten to 20 minutes later each night. It must have seemed a boon that just when days were getting rapidly shorter and the Sun seemed to go down all too soon, the Harvest Moon arrived to extend the hours that harvesting could be done.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn. Changing of the clocks is an easy reminder to also perform these semi-annual maintenance tasks!

Here are 12 things to do when you change the clocks November 3rd.

4. Go through your medicine cabinet. Now is the perfect time to go through your medicine cabinet and get rid of any expired medicines. Also take stock of your family’s favorite allergy remedies and make sure you have those on hand for the upcoming allergy season. You might want to stock up on tissues too!

8. Clean the coffee maker. To clean my Keurig coffee maker, I run a diluted solution of water and vinegar through the coffee maker and “make” 4 cups of coffee. Make sure to run a full reservoir of water through the machine after you’re done cleaning it.

1. Change the clocks. It may seem obvious, but make sure you change ALL the clocks. Including the clock in your car, the microwave and, of course, your alarm clock.

5. Sharpen your lawn mower blade. Now is the best time to make sure your yard cutting gear is in tip top shape.

9. Sweep out your garage. Clear out the salt and grime and bring the kid’s bikes down off the wall.

10. Drain a few gallons of water from your hot water heater. Draining the water and sediment out of your hot water heater will help it run more efficiently and last longer.

2. Change the fire alarm and carbon monoxide detector batteries.

6. Run water in any unused plumbing areas in your house. Our basement bathtub, toilet and sink area rarely get used. Running water for 5 to 10 minutes in these plumbing pipes will keep the drains from drying out and producing a rotten sewer smell.

11. Replace your car wiper blades. Schedule your next oil change and get new wiper blades for the coming spring showers.

3. Change the direction of your ceiling fans. Now is the time of year to reverse your fan back to the regular setting.

7. Clean your oven. The kitchen gets an extra work out over the winter.

Now is a great time to make sure it is sparkly clean.

12. Wipe down all your wooden blinds & clean your windows. This task takes me a while, but there is nothing like freshly cleaned windows to brighten a day!

Dickson Portola Team

289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

OCTOBER 2019 SUN

Pumpkin Patch Express

Pumpkin Patch Express

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Swing for the Schools Golf Tourney Plumas Pines

12 Mountain Harvest Beerfest

Pumpkin Patch Express

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Loyalton Country Market & Pumpkin Fest Pumpkin Patch Express

October is here, and in the northern hemisphere that often means the days are flush with falling leaves, chilling weather, and growing anticipation for the holiday season. The tenth month by our Gregorian calendar, October shares a root with octopus and octothorpe – the Latin octo – meaning “eight.” So, how did October become the 10th month? In the Roman calendar, which had only ten months, October was 8th month, as January and February hadn’t been added to the calendar yet! Like its neighboring months September, November, December the numerical name stuck; even after Julius Caesar expanded the calendar year from ten months to twelve. October entered Old English via Old French, replacing the English vernacular term Winterfylleð.

What happens in October?

Children may look forward to October for Halloween, which falls at the month’s close, but beer-lovers may be more excited for what’s happening at the beginning of the month—Oktoberfest. This long-standing beer festival has gained popularity around the world, but the true Oktoberfest is located in Munich, Germany, where the festival has been held since 1810.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700

NEWS YOU CAN USE OCTOBER 2019 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn. Date and Event

Where Held

Time

Contact or Other Information

Details

October 5 Swinging For Schools Golf Tournament; Sierra Schools Foundation

Plumas Pines Golf Resort 402 Poplar Valley Road Graeagle (530) 836-1420

9:00 am Check In 10:30 am Start

1-800-200-4949 www.sierraschools foundaation.org

Gather your friends, family and coworkers, and join us for a fun day of golf to support the students, teachers, and schools of the SierraPlumas 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!

Dinner and awards immediately following golf around 4:00 pm Price: $110 per person or $400 for a foursome, includes cart rental, day of golf at the beautiful, Plumas Pines Golf Course, dinner, t-shirt and the chance to win amazing prizes!

October 12

Plumas County Fairgrounds, Quincy

1:00 pm 5:00 pm

Plumas Arts (530) 283-3402 This 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.

It's about the Beer!

1 - 5pm – Microbrew-Beer Tasting 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.

For more information about this event call the museum at 530832-4131 or visit: https://www. wplives.org

Climb aboard the Pumpkin Patch Express at the Western Pacific Railroad Museum on October 19 and October 20 and October 26 and 27.

Ride the train to get to the Pumpkin Patch (pumpkins extra price.)

The trains will take visitors to the Pumpkin Patch where they can select their pumpkins for purchase.

Pumpkin Patch Express – open: 10 AM - 6:00 PM, trains: 1 PM - 5 PM departures Evening trains on Saturday.

MIKE WELBOURN (phone: 530-9930453)

Country Market Bazaar Meet & Greet: October 26 Pumpkin Fest, final event of the year! Activities include pumpkin carving. Fun for the whole family.

Annual Mountain Harvest Beerfest

October 19, 20, & 26, 27

Western Pacific RR Museum, Portola

PUMPKIN PATCH EXPRESS

October 26 Country Market Bazaar Meet & Greet & Pumpkin Festival Kiosk Loyalton

Loyalton Kiosk Across street from White’s Sierra Station

10 am 2 pm

Music: Rose’s Pawn Shop Fun: The Dancing Witches EVENT ADMISSION: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.)

Bring your goodies, veggies and whatnots and sell. A fun day in the sun and there is never a charge for booth space or fun! We like to have folks set up by 9 a.m. as there are some early birds but 10:00 o'clock is the official kick off time.

October 31

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700