Eastern Plumas & Sierra Counties Newsletter - December 2017

Dickson Realty’s December 2017 Newsletter

NEWS YOU CAN USE Table of Contents

Page

Seasons Greetings from your Plumas/Sierra Counties & Nakoma Realtor Teams

2

New Portola Office; Location, Contact Information, and driving Directions

3

RESIDENTIAL SALE STATS Graeagle, Portola, Loyalton, Golf Course Communities & Chilcoot

4-6

Guild Mortgage Corner

7

Nakoma News

8

At a Glance Calendar of December Events

9

Calendar of Events Detailed Information

10-11

Ski Resort Season Dates

12

Best Wishes for the New Year

13

Eastern Plumas & Sierra Counties Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter Best wishes for a glorious winter season from the Plumas, Sierra Counties and Nakoma Realtor teams.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter

We hope to see you soon at our Portola office servicing Plumas and Sierra Counties 289 Commercial Street Please log our new office phone number in your contacts.

530-832-1700 We will have current market information, area maps and listings to share with you!

I-80-East to Reno, merge onto Hwy. 395 No. toward Susanville and at Hallelujah Junction, left onto CA-70W to Portola. In Portola left on S. Gulling and right on Commercial ************or*********** 1-80 Truckee to CA-89N to Sierraville; left at stop.

Right at A-23 in Sattley, left at CA-70W to Portola. In Portola, left on S. Gulling and right on Commercial

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter JANUARY-OCTOBER 2017 SALES BY PRICE AND MARKET INVENTORY The following 3 pages provide market statistics for residential sales in the county areas by price range and the percentage of sales within each price range. Additionally, please note in the right hand columns the number of listings that are currently active within the price ranges and the months of inventory they represent.

Please call our Portola office to speak to an area expert to get more detailed market information. They are here to help!

RESIDENTIAL SOLD GRAEAGLE January 1, 2017 - October 31, 2017 SOLD PRICE RANGE Under $100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 +

Graeagle Sales Jan.-Oct. Price Range and % Sales

Residences Sold

Percent of Sales

Current Active Listings

Months of Inventory

4 10 18 13 9

6% 16% 28% 20% 14%

1 3 19 29 12

2.5 3.0 10.6 22.3 13.3

10 0 64

16% 0%

26 0

26.0 0.0

30%

70 60 50 40 30 20 10 0

25% 20% 15% 10% 5% 0%

90

Residences Sold

Source: Plumas Multiple Listing Service as of 10/31/2017

Percent of Sales

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter JANUARY-OCTOBER 2017 SALES PRICE AND MARKET INVENTORY RESIDENTIAL SOLD PORTOLA January 1, 2017 - October 31, 2017 SOLD PRICE RANGE Under $100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 +

RESIDENTIAL SOLD LOYALTON January 1, 2017 - October 31, 2017

Residences Sold

Percent of Sales

Current Active Listings

Months of Inventory

7

12%

3

4.3

21 28

36% 47%

14 5

6.7 1.8

3

5%

5

16.7

0

0%

0

0.0

0

0%

0.0

0 59

0%

0 0 27

SOLD PRICE RANGE Under $100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 +

0.0 4.2

Portola Sales Jan.-Oct. Price Range and % of Sales

70 60 50 40 30 20 10 0

Source: Plumas Multiple Listing Service as of 10/31/2017

Percent of Sales

Percent of Sales

Current Active Listings

Months of Inventory

3 5 5 3

18% 29% 29% 18%

0 1 2 0

0.0 2.0 4.0 0.0

1 0

6% 0% 0%

0

0 1

0.0 0.0 0.0 6.0

0 17

4

Loyalton Sales Jan.-Oct. Price Range and % of Sales 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0%

Residences Sold

Residences Sold

35% 30% 25% 20% 15% 10% 5% 0%

18 16 14 12 10 8 6 4 2 0

Residences Sold

Percent of Sales

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter JANUARY-OCTOBER 2017 SALES BY PRICE AND MARKET INVENTORY RESIDENTIAL SOLD GOLF COURSE COMMUNITIES - Whitehawk, Grizzly, Gold Mtn. January 1, 2017 - October 31, 2017 SOLD PRICE RANGE

Residences Sold

Under $100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 +

Percent of Sales

Current Active Listings

RESIDENTIAL SOLD CHILCOOT January 1, 2017 - October 31, 2017

Months of Inventory

0 0

0% 0%

1 0

0.0 0.0

2

11%

1

5.0

3

17%

5

16.7

7 4

39% 22%

5

7.1 25.0

2 18

11%

10 6

0.0

28

SOLD PRICE RANGE Under $100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 +

53.8

45% 40% 35% 30% 25% 20% 15% 10% 5% 0%

Percent of Sales

Source: Plumas Multiple Listing Service as of 10/31/2017

Current Active Listings

Months of Inventory

0

0%

0

0.0

3 2

50% 33%

1 0

3.3 0.0

1

17%

1

10.0

0 0

0% 0%

0

0.0 0.0

0 6

0%

1 0 3

60%

7 6 5 4 3 2 1 0

50% 40% 30% 20% 10% 0%

Residences Sold

Residences Sold

Percent of Sales

Chilcoot Sales Jan.-Oct. Price Range and % Sales

Golf Course Communities Jan.-Oct. Price Range and % Sales

20 18 16 14 12 10 8 6 4 2 0

Residences Sold

Percent of Sales

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

0.0 13.3

Dickson Realty’s December 2017 Newsletter Home Equity Lines of Credit ...should you get out of them NOW? What is a home equity line of credit? Also known as a “HELOC”, a home equity line gives you access to your home’s equity via an open line of credit.

Terms can vary lender to lender but most are 10 or 15 year loan terms and then become due/payable. They are adjustable rate lines of credit, interest only loans, and have no interest rate caps. Many folks use them for small home projects, short term cash funds, or when purchasing a home with less than 20% down.

Dangers of home equity lines come when people have these open lines of credit for large amounts but are unable to pay them to zero should interest rates rise. Rates are predicted to rise for these types of loan in the next 14 months. The Federal Reserve has stated they will most likely raise rates in December 2017 and then three times in 2018. Rates in the Reagan Era went to over 18% on these types of loans. Many home equity lines are currently low, some 4.25%-5%. While payments which are interest only now are very manageable, a big jump in payment may be very hard for many consumers to handle and make it very hard to pay down to zero.

Why is now a good time to consider refinancing these lines of credit? Because long term interest rates are still low, but are predicted to go higher. So rather than wait for an unforeseeable future, why not see if you qualify now to have one fixed loan? It will add security to an unpredictable rate future.

There are 3 ways to remove a HELOC: • Refinance the HELOC into a new primary mortgage (if you currently have a mortgage, we can wrap the two together into one new loan) • Pay off the HELOC with your cash • Renegotiate with HELOC lender to put a fixed 2nd mortgage in place (usually rates are very high on these) We can help with refinancing to pay off your HELOC. If you have any questions regarding HELOC’s, refinancing or purchasing a home, please feel free to reach out to The Rice Team. Please feel free to contact us at 530.582.9991 or teamrice@guildmortgage.net.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter Dickson Realty is the exclusive agent for Nakoma. Please contact us to explore what type of ownership best suits your lifestyle. There is something for everyone at Nakoma. Let us be your expert guides.

Altitude is Now Open!

Altitude Recreation Center welcomes ​Nakoma community members, Residence Club and Ascend owners, and lodge guests.

You’ve visited Nakoma and the Lost Sierra and lost your heart to the mountains, the trees, the endless lakes, the peace and quiet. You’ve dreamed of someday calling this area your home away from home. A real place — not a flight of fantasy, but a feet- on-the ground kind of feeling where you can embrace your love of nature and share your good fortune with your family and friends. Nakoma is making it easier than ever to own, with shared ownership of Residence Club at Nakoma or a ready-built Ascend home near the resort core. Perhaps a custom-built home reflects exactly what you want in the place you choose to be… a place where mountain meets modern and adventure has amenities.

Your home at Nakoma.

For more information about Nakoma, visit their website at www.nakomaresort.com or contact:

Sales Team in the Dickson Sales Office at Nakoma, (530) 322-3320, or sales@nakomaresort.com.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter Sunday

26

Monday

27

Tuesday

28

Wednesday

29

Thursday

30

Friday

Saturday

PORTOLA Tree Lighting and Parade

Holiday Family events Loyalton & Graeagle

01

SANTA TRAIN!

03

04

05

06

07

08

SANTA TRAIN Portola

10

02

09 SANTA TRAIN Portola

11

12

13

14

15

16 SANTA TRAIN Portola Pot Luck and Holiday Party Sierra City

17 AT A GLANCE CALENDAR See more specific event details on the following pages.

We wish you joy and peace this holiday season!

18

19

20

SANTA TRAIN Portola

24

21 WINTER SOLSTICE

25

22

23

Mt. Lassen Theatre in Chester THE MUPPET CHRISTMAS CAROL

26

27

28

29

30

02

03

04

05

06

PEACE ON EARTH

December

2017

31 NEW YEAR’S EVE

01 NEW YEAR’S DAY

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter Date and Event

Where Held

Time

Cost

Details about Event

December 1st ANNUAL TREE LIGHTING

Portola Downtown Outdoor Parking Lot Marketplace

5:00 p.m.

8:00 p.m.

Free

December 2nd and 3rd December 9th and 10th December 16th and 17th SANTA TRAIN

Portola Western Pacific Railroad Museum 700 Western Pacific Way in Old Town Portola

4:30 p.m.

9:00 p.m.

$10.00 per carload or $5.00 with donation 3 cans of non-perishable food

Date of event: 02-Dec-2017 All Aboard - it's the 25th annual Santa Train! Come take a ride on the decorated trains that will be running at the Western Pacific Railroad Museum on December 23, 9-10 and 16-17. Gates open at 4:30 PM and trains start running at 5:30 PM. Bring the kids to meet Santa and Mrs. Claus and enjoy complimentary cookies, coffee, hot cider and hot chocolate, plus more! $10 per carload or $5 plus 3 cans of non-perishable food for the E.P.C.A.N. food bank. For more information visit http://www.wplives.org or call 530-832-4131 details.

December 2nd CHRISTMAS FAIRE

Loyalton Assembly of God Church Hall

10:00 a.m.

4:00 p.m.

Free

Two floors of crafts and holiday gifts.

For more information call: (530) 993-0689 or 993-0709

December 2nd ANNUAL TREE LIGHTING

Loyalton Downtown

Dusk

Free

Santa arrives at dusk on a fire truck and kids can join in on rides around town. The Rotary Club will be serving hot refreshments

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter Date and Event

Where Held

Time

Cost

Details about Event

December 2nd Toys for Tots Benefit

Loyalton Golden West Restaurant 711 Main Street

5:00 p.m.

Bring a Toy

Bring a new or gently used toy and receive a free spaghetti dinner!

For more information call (530) 993-4467

December 2nd HOLIDAY FESTIVAL

Graeagle Downtown

1:00 p.m.

5:00 p.m.

Free

Join the fun at the Annual Graeagle Holiday Festival. Come visit the little red shops and enjoy refreshments, take a ride in the horse drawn trolley, listen to carolers, watch the tree lighting and have your picture taken with Santa.

For more information visit: http://www.graeaglemerchants.com

December 16th Sierra City CHILDREN’S HOLIDAY POTLUCK & PARTY

Sierra City Community Hall

6:00 p.m.

9:00 p.m.

Potluck

Have fun : enjoy good food and friends!

Ham and Turkey will be waiting for you. Bring your favorite Potluck Dish.

We'll sing Christmas carols and the children will present the Nativity play.

December 22nd Chester FUND RAISER

Mt. Lassen Theatre 200 Main Street

Santa will arrive on the fire truck with stockings for the kids.

7:00 p.m.

$5.00 Donation

Showing: The Muppet Christmas Carol Children under must be accompanied by an adult Sponsored by Mt. Lassen Community Church

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter We wish you a great and safe ski season!

Many local resorts are already opened. The season schedules are shown below.

Lake Tahoe Area All dates are estimated Live updates and ticket pricing can be found at www.snowpak.com SKI RESORT Bear Valley Boreal Heavenly Valley Homewood Resort Kirkwood Mount Rose (Reno) Northstar Resort Soda Springs Sugar Bowl Squaw Valley/Alpine Meadows Tahoe Donner

OPENING 2017 11/28 11/11 11/22 12/14 11/25 11/10 11/17 12/01 11/28 11/26 12/14

CLOSING 2018 4/15 4/17 4/25 3/28 4/18 5/09 TBD 4/04 4/17 6/03 3/20

Canine Rescue are new members of the Squaw/Alpine Team.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320

Dickson Realty’s December 2017 Newsletter

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700 Dickson Nakoma Team 348 Bear Run | Clio, CA 96106 | 530.322.3320