Dickson Truckee/Tahoe Newsletter - July 2018

NEWS YOU CAN USE

JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

TABLE OF CONTENTS

Page

Independence Day

2

Dickson Truckee Office Information

3

12 Month Sales Statistics

4-7

Guild Mortgage Corner

8

Tips – 5 Summer Maintenance Ideas

9

C.A.R. California Market Updates

10-11

Events Calendar and Details

12-20

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

It was an historic moment when Thomas Jefferson, along with other members of the Continental Congress, drafted the Declaration of Independence. The Continental Congress declared the people of America independent from the British colonies. It was the moment of truth all Americans had waited for. If the effort of severing ties from the British succeeded, the leaders of the movement would be hailed as true American heroes. However, if the effort failed, the leaders would be guilty of treason and face death.

It was the clever wording of the Declaration of Independence, followed by some smart strategies employed by the leaders that sparked the Independence movement. What followed was a relentless power struggle to gain absolute independence from the British monarchy.

July 4, 1776, was the historic day when the Continental Congress approved the Declaration of Independence. Every year, Americans rejoice and celebrate Independence Day, or the 4th of July, with great fanfare. Amidst colorful parades, flag hoisting ceremonies, and barbecue parties, Americans remember the suffering their forefathers endured to win them precious freedom.

“Let every nation know, whether it wishes us well or ill, we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe, to assure the survival and success of liberty." ~ John F. Kennedy~

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

Truckee finds reasons to celebrate all year long. Special events include the annual Truckee Fourth of July Parade, the Lake Tahoe Music Festival, Lake Tahoe Shakespeare Festival, Concourse d'Elegance, Art, Wine and Music Festival, America's Most Beautiful Bike Ride, Autumn Food and Wine and Chefs of Tahoe.

Dickson Realty Truckee offices are located in the heart of downtown Truckee, California. Representing Truckee and North Lake Tahoe, Dickson Realty Truckee offers buyers and sellers competitive market data, expert analysis, extensive regional community knowledge and comprehensive relocation and marketing services. With easy access from I-80 or via the Truckee Tahoe Airport, rugged outdoors men and those who appreciate the finer high-mountain lifestyle will find that calling Truckee and North Lake Tahoe home is an easy choice.

The Dickson Realty Truckee 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.

Contact us and become another satisfied client. Call, e-mail, visit our office, or access us on the web.

Office Info: Phone: (530) 587-7444 Fax: 530-587-8064 Email: truckeeinfo@dicksonrealty.com

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

The following pages contain Residential Sales Statistics for the areas of: Truckee Area Inclusive, Tahoe Donner, and Golf Course Communities (Gray’s Crossing, Lahontan, Old Greenwood, Schaffer’s Mill and Martis Camp)

Alpine/Squaw, Donner Summit North Lake Tahoe, CA. and West Shore Lake Tahoe, CA The sales statistics provided this month are a 12 month review of sales to include Median Pricing, Lowest and Highest Sold Prices, Number of units sold and Average Days on the market. The sales reported are for Single Family Residential and Condo/Townhouse sales. Truckee Inclusive stats include Tahoe Donner and Golf Course Communities. Specific breakdowns for those two sub-markets are on the following page.

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

The data source is the Tahoe Sierra Board of Realtors for the period May 1, 2017 - May 31, 2018 with the data pulled on June 22, 2018.

LOWEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

170,000 86,000 90,000 85,000 90,000 130,000 85,000 220,000 89,000 90,000 275,000 367,500 95,000

HIGHEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

HOMES SOLD

6,195,000 6,800,000 7,400,000 8,350,000 7,000,000 6,047,500 7,500,000 7,200,000 8,800,000 4,741,000 7,800,000 5,850,000 7,700,000

68 79 64 108 96 100 101 71 54 44 68 48 58

TRUCKEE INCLUSIVE MAY 2017-MAY 2018

83

87 73

55

58

64

68 44

33

48

85

101

54

JU

72

N

53

64

79 64

68

AVG. DOM

100

96

108

SOLD

71

$10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $-

48

TRUCKEE INCLUSIVE MAY 2017 - MAY 2018

17 UN JUL UG SEP OCT OV DEC JAN FEB AR APR 018 A M 20 J 2 N Y A AY M M MEDIAN SALES PRICE

AVG. DAYS ON MARKET 48 64 33 53 70 72 71 73 87 83 64 85 55

70

MAY 2017 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 2018

MEDIAN SALES PRICE $ 629,000 $ 590,000 $ 506,000 $ 607,500 $ 632,000 $ 620,000 $ 624,000 $ 685,000 $ 672,500 $ 623,500 $ 732,944 $ 792,500 $ 745,000

71

TRUCKEE INCLUSIVE

LOWEST SALE

HIGHEST SALE

M

A

Y

20

17

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U

G

SE

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N

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V

D

EC

JA

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FE

B

M

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The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

TAHOE DONNER MAY 2017 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 2018

MEDIAN SALES PRICE $ $ $ $ $ $ $ $ $ $ $ $ $

622,500 564,500 545,000 584,000 726,500 562,500 575,000 822,000 595,000 675,000 652,750 780,000 708,000

LOWEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

170,000 228,000 225,000 85,000 340,000 130,000 85,000 220,000 428,000 90,000 275,000 367,500 95,000

HIGHEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

1,125,000 1,315,000 1,125,000 1,460,000 1,835,645 1,257,000 1,640,000 1,371,000 1,322,500 1,615,000 1,300,000 1,150,000 1,500,000

HOMES SOLD 28 40 30 43 30 46 39 28 16 19 28 15 22

AVG. DAYS ON MARKET 36 44 21 28 41 42 52 90 31 45 56 45 34

TAHOE DONNER MAY 2017 - MAY 2018 $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $-

L G P T V 7 N C N B R R 8 01 JU JU AU SE OC NO DE JA FE MA AP 201 2 AY AY M M MEDIAN SALES PRICE

GOLF COURSE MEDIAN COMMUNITIES SALES PRICE MAY 2017 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 2018

$ $ $ $ $ $ $ $ $ $ $ $ $

1,699,500 2,657,500 3,200,000 1,950,000 2,950,000 1,675,000 1,460,000 2,537,500 2,495,500 2,425,000 2,162,000 3,205,000 3,837,500

LOWEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

675,000 1,225,000 729,000 527,500 1,060,000 989,000 795,000 899,000 1,255,000 1,349,000 885,000 1,225,000 1,230,000

HIGHEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

6,195,000 6,800,000 7,400,000 8,350,000 7,000,000 6,047,500 7,500,000 7,200,000 8,800,000 4,650,000 7,800,000 5,850,000 7,700,000

HOMES SOLD 10 8 6 17 15 13 15 7 12 3 15 8 10

AVG. DAYS ON MARKET 78 126 31 84 161 172 129 62 141 70 126 158 186

LOWEST SALE

HIGHEST SALE

GOLF COURSE COMMUNITIES MAY 2017 - MAY 2018 $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $-

17 UN JUL UG SEP OCT OV DEC JAN FEB AR APR 018 A M 20 J 2 N Y A AY M M MEDIAN SALES PRICE

LOWEST SALE

HIGHEST SALE

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

ALPINE/ SQUAW MAY 2017 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 2018

MEDIAN SALES PRICE $ $ $ $ $ $ $ $ $ $ $ $ $

600,000 570,000 604,500 789,000 399,500 630,000 557,500 565,000 345,000 435,000 475,000 809,500 538,500

LOWEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

231,000 465,000 380,000 420,000 270,000 398,000 170,000 365,000 265,000 292,800 175,000 279,000 319,000

HIGHEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

1,560,000 1,388,000 662,500 2,950,000 1,350,000 1,499,000 4,250,000 1,395,000 1,150,000 1,200,000 810,000 2,150,000 1,600,000

HOMES SOLD 11 5 5 11 16 16 18 13 6 7 7 9 5

AVG. DAYS ON MARKET 176 34 74 348 117 194 187 224 195 331 254 272 234

ALPINE/SQUAW MAY 2017 - MAY 2018 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $-

L G P T V 7 N C N B R R 8 01 JU JU AU SE OC NO DE JA FE MA AP 201 2 AY AY M M MEDIAN SALES PRICE

DONNER SUMMIT MAY 2017 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 2018

MEDIAN SALES PRICE $ $ $ $ $ $ $ $ $ $ $ $ $

550,000 510,000 342,500 515,000 477,000 450,000 529,500 445,000 412,500 297,500 387,000 773,000 290,000

LOWEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

172,500 175,000 195,000 195,000 195,000 190,000 350,000 315,000 360,000 225,000 287,000 484,000 189,000

HIGHEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

765,000 742,000 520,000 744,000 4,400,000 793,800 1,665,000 1,350,000 430,000 370,000 502,000 1,167,000 875,000

HOMES SOLD 3 7 6 9 11 17 6 7 4 2 4 7 5

AVG. DAYS ON MARKET 226 23 72 54 63 52 169 79 47 73 44 53 41

LOWEST SALE

HIGHEST SALE

DONNER SUMMIT MAY 2017 - MAY 2018 $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $-

L G P T V 7 N C N B R R 8 01 JU JU AU SE OC NO DE JA FE MA AP 201 2 AY AY M M MEDIAN SALES PRICE

LOWEST SALE

HIGHEST SALE

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

NORTH LAKE MEDIAN TAHOE, CA SALES PRICE

MAY 2017 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 2018

$ $ $ $ $ $ $ $ $ $ $ $ $

694,000 675,000 675,000 556,500 595,000 630,000 594,000 555,000 510,000 608,746 529,000 712,500 506,702

LOWEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

135,000 272,000 90,000 160,000 110,000 138,000 215,000 273,000 275,000 210,000 299,000 395,000 175,000

HIGHEST SALE

HOMES SOLD

$ $ $ $ $ $ $ $

5,725,000 1,700,000 5,250,000 3,300,000 7,000,000 4,850,000 1,650,000 5,400,000

18 33 21 29 44 37 30 26

AVG. DAYS ON MARKET 70 92 49 51 70 76 101 80

$ $ $ $ $

2,450,000 2,950,000 3,770,000 3,255,000 3,725,000

14 16 19 14 20

96 114 79 42 69

NO. LAKE TAHOE, CA. MAY 2017 - MAY 2018 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $-

L G P T V 7 N C N B R R 8 01 JU JU AU SE OC NO DE JA FE MA AP 201 2 AY AY M M MEDIAN SALES PRICE

WEST SHORE LAKE TAHOE, CA

MAY 2017 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 2018

MEDIAN SALES PRICE $ $ $ $ $ $ $ $ $ $ $ $ $

810,000 617,500 690,000 668,797 592,500 676,000 669,500 570,000 620,000 895,000 707,000 865,000 697,500

LOWEST SALE $ $ $ $ $ $ $ $ $ $ $ $ $

425,000 205,000 489,000 235,000 317,000 215,000 295,000 220,000 525,000 528,500 565,000 435,000 470,000

HIGHEST SALE

HOMES SOLD

$1,125,000 $1,315,000 $1,125,000 $1,460,000 $1,835,645 $1,257,000 $2,275,000 $3,220,000 $7,500,000 $2,935,000 $4,750,000 $2,042,000 $ 885,000

9 12 15 24 26 25 12 15 7 9 8 6 10

AVG. DAYS ON MARKET 61 36 84 36 53 49 110 67 137 63 139 99 22

LOWEST SALE

HIGHEST SALE

WEST SHORE LAKE TAHOE, CA MAY 2017 - MAY 2018 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $-

L G P T V 7 N C N B R R 8 01 JU JU AU SE OC NO DE JA FE MA AP 201 2 AY AY M M MEDIAN SALES PRICE

LOWEST SALE

HIGHEST SALE

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

Can I Use Future Rental Income to Qualify for a Mortgage?

Are you interested in buying an investment property, but don’t think you will qualify? Great news! You can structure the new purchase as an investment property to use the expected rental income to offset the monthly mortgage payment of the property you are buying. This is called non-owner or investment property financing. You can expect it to cost a bit more in two ways: first, most lenders require more of a down payment (20% minimum) right out the gate. Second, you can expect slightly higher rates. If you really love the home this might be worth it to you!

The future rental income is determined by the appraiser, not by the amount on a lease; you don't even need a lease or have a renter in place. Typically, industry standard allows you to use 75% of the market rent amount to calculate the subject property's net cash flow. Just think‌if the market rent is 25% higher than your mortgage, taxes and insurance payment, the lender can exclude the entire monthly mortgage payment when qualifying. This can mean the difference between qualifying for a loan or being denied.

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

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

Sharp Homeowners Know Summer Is the Best Time to Do These 5 Things Could it really be summer?!

Tackle these five summer maintenance tasks during the longer days and better weather — and save yourself time and money this winter.

Update Outdoor Lighting In June, winter nights are probably the last thing on your mind. But early summer is the perfect time to plan for those “OMG it’s only 4:30, and it’s already “dark ” moments by adding or updating landscape lighting.

The most energyefficient, easy-toinstall option is solar lighting, but it won’t perform as well on dark or snowy days. For light no matter what the weather, install electric. LED bulbs last up to five times longer and also use less energy than comparable bulbs.

Clean Your House's Siding With a bit of preventative maintenance, your home’s siding will stay clean and trouble-free for up to 50 years. Fifty years! Clean it this month with a soft cloth or a long-handled, soft-bristled brush to guarantee that longevity. Start at the bottom of the house and work up, rinsing completely before it dries. That’s how you avoid streaks.

Example of beautifully maintained home

Focus on Your Foundation There’s no better time for inspecting your foundation than in the warm, dry summer. Eyeball it for crumbling mortar, cracks in the stucco, or persistently damp spots (especially under faucets). Then call a pro to fix any outstanding issues now, before it becomes an emergency later.

Seal Your Driveway Asphalt Your driveway takes a daily beating. Weather, sunlight, cars, bikes, and foot traffic – all of these deteriorate the asphalt. Help it last by sealing it. Tip: The temperature must be 50 degrees or higher for the sealer to stick.

Summer is the best time to tackle this cost-effective maintenance job.

Buy Tools Thanks to various holiday sales, summer is a great time to get a deal on tools, tool bags, and that multitool you’ve had your eye on. If it’s time to replace a bunch of tools, or you’re starting from scratch, look for package deals that offer several at once. These can pack a savings wallop, offering 30% off or more over buying the tools individually.

© Copyright 2018 NATIONAL ASSOCIATION OF REALTORS

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA. For release: May 17, 2018

home values rather than a shift in the market toward sales of larger or higherend homes. However, with the Bay Area outperforming the rest of the state, there is undoubtedly some pressure on the median price as the Bay Area made up a larger share of home sales.

“After increasing year-over-year by more than 8 percent for the past three months, the California median home price is close to striking distance of the pre-recession peak price of $594,530, which was recorded in May 2007,” said C.A.R. Senior Vice President and Chief Economist Leslie AppletonYoung. “With a continued imbalance of supply and demand, we’ll likely break previous price records – which many areas have already done – before the summer is over.”

Other key points from C.A.R.’s April 2018 resale housing report include:

California kicks off spring homebuying season with mixed results, C.A.R. reports: - Existing, single-family home sales totaled 416,790 in April on a seasonally adjusted annualized rate, down 1.7 percent from March and up 2.2 percent from April 2017.

- April’s statewide median home price was $584,460, up 3.5 percent from March and 8.6 percent from April 2017.

- For the first time in nearly three years, the number of available homes for sale increased, following nearly two consecutive years of double-digit declines in active listings.

LOS ANGELES (May 17) – California’s spring housing market posted mixed results as home sales cooled in April and home prices continued to accelerate, especially in the San Francisco Bay Area region, the C A L IFORNIA A SSOC IA TION OF R EA L TORS ® ( C .A.R.) said today.

Closed escrow sales of existing, singlefamily detached homes in California totaled a seasonally adjusted annualized rate of 416,790 units in April, 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 April pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

April’s sales figure was down 1.7 percent from the 423,990 level in March and up 2.2 percent compared with home sales in April 2017 of a revised 407,960. March marked the second straight deceleration in home sales and the first decline in three months.

“After nearly three years of decline in active listings, we’re finally seeing an improvement in the availability of homes for sale, which is encouraging for prospective buyers as we enter the busy spring home-buying season,” said C.A.R. President Steve White. “However, entry-level buyers may continue to experience the housing shortage as homes priced under $300,000 continue to bear the brunt of inventory issues.”

Home prices maintained their strong year-over-year growth across California, with the statewide median price jumping 3.5 percent in April to reach $584,460, up from a revised $564,830 in March and rising 8.6 percent from a revised $537,950 in April 2017. With the median price per square foot rising to $281, the growth in home prices marks true increases in

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On a regionwide, non-seasonally adjusted basis, all major regions recorded both solid month-to-month and year-over-year sales gains. The San Francisco Bay Area led the way with a 6.0 percent monthly increase and 6.1 percent annual increase. Sales in the Inland Empire rose 2.9 percent from March and 4.6 percent from a year ago. The Los Angeles metro region experienced a 2.3 percent monthly sales gain and a 1.6 percent annual increase.

The Bay Area continued to lead the state in sales, with Alameda recording a double-digit annual sales gain of 14.5 percent. Santa Clara, Contra Costa, and Sonoma also recorded healthy annual sales gains of 8.7 percent, 7.1 percent, and 6.8 percent, respectively.

Reversing five months of annual sales decreases, the Southern California market also posted solid sales growth, thanks to a strong performance in San Bernardino County, which experienced a 9.8 percent year-over-year sales increase. The rest of the region experienced little growth or actually contracted in the cases of San Diego and Ventura counties.

The Central Valley region posted a 2.6 percent increase from a year ago as several counties registered large, double-digit increases including Merced and Kings counties in the south and Placer County to the north. However, these were partially offset by equally large declines in Glenn, Madera, and San Joaquin counties.

The bottom end of the market continues to bear the brunt of the housing shortage as sales of homes priced under $300,000 declined 15 percent on an annual basis, though the magnitude of the declines has slowed.

Conversely, sales of homes priced $1 million and higher continued to grow by double-digits.

Despite median home prices well exceeding $1 million in the Bay Area,

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sales remained robust in April as the region’s median price increased 14.1 percent from a revised $885,000 last April to $1,010,000 in April 2018. Prices in six of nine counties increased double-digits on a year-over-year basis.

Additionally, at $969,300, Alameda County is on the cusp of hitting a median home price of $1 million.

By contrast, home prices in Southern California were tepid but still showed a steady, upward trend. Los Angeles and San Bernardino counties posted double-digit increases, while prices throughout the rest of the region grew by mid-single-digits in April. While dipping slightly in April, at $818,000, the median home price in Orange County is close to its pre-recession peak.

Statewide condo/townhome prices continued to soar, setting another record price high in April. The California condo/townhome median price reached $476,010, up 2.1 percent from the revised $466,420 registered in March and rose a solid 9.1 percent from $436,390 a year ago.

Statewide active listings finally reversed nearly three years of decreases after rising 1.9 percent in April. Listings had been trending upward since the beginning of this year, following nearly two consecutive years of uninterrupted, double-digit declines.

After falling below the 3-month benchmark in March for the first time since the end of 2017, the statewide unsold inventory index ticked up to 3.2 months in April compared with 2.9 months in March and 3.3 months in April 2017.

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The median number of days it took to sell a California single-family home remained low at 15 days in April compared with 17 days in April 2017.

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C.A.R.’s statewide sales price-to-list price ratio* was 100 percent in April, unchanged from April 2017.

The average statewide price per square foot** for an existing, singlefamily home statewide was $281 in April, up from $261 in April 2017.

Mortgage rates have been on the rise since breaking the 4.0 percent barrier in March. The 30-year, fixed-mortgage interest rates averaged 4.47 percent in April, up from 4.44 percent in March and from 4.05 percent in April 2017, according to Freddie Mac. The fiveyear, adjustable mortgage interest rate also ticked higher in April to an average of 3.66 percent from 3.65 percent in March and from 3.15 percent in April 2017.

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The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

NEWS YOU CAN USE

JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

JULY 2018 SUN

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28 NorthStar Cosmoarium Shows (weekly thru 9/1)

29 NorthStar Cosmoarium Shows (weekly thru 9/1)

30 NorthStar Cosmoarium Shows (weekly thru 9/1)

05 BEACH(S) CLEAN UP DAY Keep Tahoe Blue

06 Tahoe Donner Concert on the Green

07 Tahoe Donner Concert on the Green

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12 Truckee Thursdays

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14 -Truckee Airshow & Family Celebration -Ride the Truckee Railroad

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21 DONNER LANE TRIATHLON

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Truckee Music in the Park

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Truckee Thursdays

Truckee Music in the Park

Truckee Music in the Park

Truckee Music in the Park

Truckee Music in the Park

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

Date and Event

Where Held

Time

Contact Info.

PARADES: TRUCKEE, NORTH AND SOUTH LAKE TAHOE, GRAEAGLE (MOHAWK VALLEY), LOYALTON. See separate information provided; go web sites to find out more details

JULY 4TH

July 3 39TH ANNUAL Beach Party and Fireworks July 4 Annual Celebration and Fireworks

Kings Beach State Recreation Area West End Beach Donner Lake

7:00 pm 10:00 pm

9:00 am 1:30 pm music 9:30 pm fireworks

July 5

Multi-Beach Cleanup throughout Lake Tahoe

8:30 am Noon

For more information about the event and festivities or to purchase preferred fireworks seating tickets, please visit www.northtahoebusiness.org

The Beach Party is open to all ages and admission is FREE. The event is capped off by a dazzling fireworks display at 9:30 pm shot from barges in Lake Tahoe.

Fees/Admission:

Come to West End Beach on Donner Lake for Truckee's annual July 4th celebration and fireworks. There will be games, live music, affordable food and a spectacular fireworks show!

$6 for everyone age 1-adult Tickets are not available online or at the gate. Please visit the Truckee Community Recreation Center at 8924 Donner Pass Road, Truckee with proof of residency or home ownership.

For questions, please email events@keeptahoeblue.org Please RSVP at: keeptahoeblue.org/july5 Marilee Movius

July 14th TRUCKEE AIRSHOW AND FAMILY FESTIVAL

Details

Truckee Tahoe Airport

9:00 am 4:00 pm

EMAIL: manager@ truckeetahoeairport.com

General FREE; Preferred Seating tickets $25.00

After Tahoe's celebrated July Fourth festivities, our beaches are thrashed with trash, which can hurt wildlife and lake clarity. Each year, hundreds of Tahoe residents and visitors turn out for our largest cleanup of the year to remove litter from our beaches. Help Keep Tahoe Blue by joining a beach cleanup site!

We will provide cleanup materials, refreshments and raffle prizes.

Be sure to bring: Reusable water bottle, sunscreen, cleanup gloves (if you have them), hat, sunglasses and wear comfortable clothing and shoes, as well as any snacks that you would like.

We provide: Reusable cleanup bags, gloves & hand sanitizer, refreshments, giveaways and free raffle prizes.

The Truckee Tahoe Air Show & Family Festival is one of the region’s most family-friendly events featuring a breathtaking air show with world-renowned performers.

There is also a Suddenlink STEAM Expo, Family Festival, rides for a cost in military aircraft, static displays, vendors, a VIP Hospitality Tent, free Speaker Forums, and much more!

All proceeds made through sponsorships, vendor fess, VIP Hospitality Tent ticket sales, and much more, go directly to Truckee North Tahoe youth organizations.

The Air Show is generously funded and presented by the Truckee Tahoe Airport District.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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Date and Event

Where Held

Time

Contact Info.

Details

Thursday, Friday and Saturday Nights through September 1st

Northstar California’s Dark Skies Cosmoarium 150 Northstar Drive

7:00 pm 10:00 pm

Adults $40 Kids $20 EMAIL tony@tahoestartours.com

We invite you to think big, REALLY big, and look up to the stars above Northstar California Every Thursday, Friday and Saturday evening throughout the summer. Join us at the Northstar Dark Skies Cosmoarium with star guide and poet Tony Berendsen for an intimate look at the Sierra stars. Bring childlike curiosity and wonderment to view the cosmos with Ryan Berendsen, telescope extraordinaire, through high-powered Celestron telescopes. Enjoy comfortable seating, blankets, outdoor heaters, hot chocolate, s’mores and more.

July 6 and 7

Tahoe Donner Driving Range 2790 Northwoods

Gates Open 4:00 pm Music 6:00 pm 8:00 pm

$40 adults $20 children VIP SEATING $90 adults $30 children (Under 4 years free) www.tahoedonner.com

Tahoe Donner will kick off this July Fourth weekend by hosting its annual Summer Concert on the Green featuring two nights of live performances by today’s top tribute bands. On Friday, July 6, experience performances by The Big Jangle Band (a tribute to Tom Petty) and Pop Fiction (Northern CA’s top party cover band.) On Saturday, July 7, LA-based tribute band Best Shot celebrates the queen of rock n’ roll Pat Benatar. Mustache Harbor closes out the night that with singalong soft rock hits, also known as “Yacht Rock". Summer Concert on the Green is an outdoor, family-friendly event held on the Tahoe Donner Driving Range, located adjacent to Trout Creek Recreation Center.

Concert attendees may bring their own picnics and low back lawn chairs. Food will be available for purchase provided by local vendors Starkey’s Pizza and Epic Sushi, Morgan’s Lobster Shack, and Super Swirl ice cream

TRUCKEE RIVER REGIONAL PARK (Behind skateboard park)

11:00 am 2:00 pm

Donations gratefully accepted.

The kids' railroad runs behind the skateboard park just east of Brockway Rd. (near the rodeo grounds). Kids of all ages, parents, grandparents and all others are welcome. Rides are free and donations are appreciated. The Truckee Donner Railroad Society train is sometimes pulled by a "diesel" locomotive and sometimes a real steam locomotive.

EVERY OTHER SATURDAY THROUGH LABOR DAY

8th ANNUAL SUMMER CONCERT ON THE GREEN

July 14 RIDE THE TRUCKEE RAILROAD

JULY 21, 22 ANNUAL DONNER LAKE TRIATHLON

WEST END BEACH, DONNER LAKE

www.truckeedonnerrailroad society.com

TODD JACKSON www.donnerlake.com

One of the best! The Donner Lake Triathlon is a favorite of many triathletes. The venue, setting and course offer a truly beautiful and challenging experience. Join us the fourth weekend of July in Truckee, California!

Half Triathlon | 70.3 | Olympic Triathlon | Sprint Triathlon | Kids Triathlon | Aquabike

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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IT IS ANOTHER TRUCKEE 4TH OF JULY

The Fire Department Pancake Breakfast will be held prior to the parade. Truckee Fire Protection District would like to invite you to their 18th annual Fourth of July Pancake Breakfast benefiting the Truckee Firefighters' Charitable Fund. Breakfast will be served from 7am to 10am at Truckee Fire Station 92, located at 11473 Donner Pass Road. Adult s are $7 and children are $5. All proceeds go back to the community. High School Scholarships, Relay for Life Cancer Walk Breakfast, and many other community functions are funded by proceeds from the Fourth of July Pancake Breakfast. Stop by before the parade and fuel up for the day's events!

The Firecracker Mile will have two waves of runners prior to the parade beginning at 9:40 am from Donner Pass Road in front of US Bank and Tahoe Forest Hospital to the Train Depot.

Da te: July 4, 2018 Ti me: 9:40 AM - 10:30 AM PDT E v ent Description: A one-mile, gravity fed, fun event for all ages & abilities! The Firecracker Mile is a long standing Truckee tradition so you can get in a bit of cardio burst before chilling out for the parade and a sun filled day of barbecues, beer, and beach play while waitin g for the grand finale – the fireworks.This run is great for families, young kids, high school kids, college kids, active grandparents, friendly dogs on leashes and competit ive types who want to see how fast they can go!

The run is one mile downhill along Donner Pass Road from US Bank to the Train Station. Runners are encouraged to wear festive attire and are cheered on by the thousands of parade spectators.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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TRUCKEE 4TH OF JULY DAY PARADE HISTORIC DOWNTOWN TRUCKEE

Date: Time:

Wednesday, JULY 4TH 10:00 a.m. – 1:00 p.m.

Join us for our annual Truckee 4th of July Parade in Historic Downtown Truckee held on the actual 4th of July! It's a Truckee tradition and fun for the whole family and community. Free to spectators. Truckee's 4th of July Parade starts July 4th at 10:00 a.m. and from the northeast corner of Hwy. 89 South (Frates Lane by Mountain Hardware) and Donner Pass Road, traveling 1-1/4 miles down Donner Pass Road into historic Truckee, ending at the corner of Bridge and Church Street around noon. The downtown section of Donner Pass Road will be closed from 9:30 am to the end of parade, approximately 1:00 pm. Viewing areas for spectators will begin east of the 89 South and Donner Pass Road intersection.

The Town of Truckee's annual July 4th parade brings history and the vibrant energy of this quaint mountain town to life in one of the Sierra's highest regarded traditional Independence Day parades. This year’s parade theme of Live-Work-Play Truckee! celebrates everyone in the Truckee community that enjoys life in the mountains every day or when visiting. Featuring a variety of elements, including a pancake breakfast and the pre-parade 'Firecracker Mile', the parade travels over a mile and features numerous floats, parade entries, and special performances. Kids and adult s from near and far line the main drag of Historic Downtown Truckee to catch a view of the action - and maybe a few candies or beads tossed from the floats.

Performances from numerous local organizations, including the Railroad Regulators, dance troupes and more, are spaced throughout the parade.

All parade entries are considered for special awards and rated for creativity, spirit and more by a panel of local luminaries, including the Town of Truckee Mayor, Alicia Barr, Andy Barr, Kevin Smith and Amanda Smith. The parade's Masters of Ceremonies are the always witty Jim Simon and Ravn Whitington.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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Loyalton Annual Fourth of July Parade, Rotary Barbecue and Old Time Auction For a Norman Rockwell-type Fourth of July, head to the family-friendly parade and barbecue held in Loyalton, California The parade starts at 9 a.m.

Events at Rotary Park begins at 11 a.m. with an auction followed by tritip barbecue and ice cream at noon.

To witness Patriotism at its best, take a drive through Loyalton, Sierra Valley, California the first couple weeks of July. Loyalton got its name from being “a very loyal town” during the Civil War. The citizens of

Every Fourth of July, the Loyalton Rotary puts on a live auction. The

auctioneer keeps

everyone in high spirits and

laughing. Not only entertaining, the event’s worthy cause raises monies for Loyalton strongly supported the Union cause during the American Civil

educational scholarships. The scholarships are provided to graduating

war, 1861 – 1864. Their impassioned fever of support led to the town’s

Sierra Sierra County, Sierra Plumas Joint Unified School

Loyalton remains loyal with a focus on loyalty to family, community, and

Picnic grounds and eat ice cream, wave numbers, and bid on treasures,

When it comes to tradition, Loyalton never falters. 4th of July keeping

occasional desirable junk piece. It is a fun time for all ages. Kids play in

renaming, from Smithneck, to Loyalton in 1863. Today, the city of Sierra Valley.

with tradition, the Loyalton parade, Rotary BBQ & Auction always take place on the 4th of July as it a specific and very special day of

celebration and you are invited and most welcome to participate, so please come join us on this our Nations Independence Day!

District students. Hundreds of people turn out at the Loyalton Rotary ranging from farming artifacts, antiques, collectible furniture, and the the creek and grandparents get front row seating.

The deep pit brisket has been replaced with even tastier tri-tip. Not only does it have a rich flavor, but also tends to be lower in fat than most

The parade includes a smattering of classic and vintage cars with folks

other cuts, allowing guilt free generous portions, served up with potato

groups, the town fire truck to spray water on the crowd and other

biggest and appreciated events.

logging trucks with drivers who like to blast those diesel horns, to the

Rotary members volunteer to cook and serve, and they do so with a

event is that if you missed something when the parade went by, you can

quickly, the portions are big, and worth any wait:

back down Main Street again. “It’s the only parade where you can see

Live Music by DÉJÀ VU

riding shotgun to toss candy to the kids. It also has horse-mounted

entries. But this is a ranching and logging community, so they throw in delight of young spectators. Perhaps the best part of this hometown

catch it again. The parade turns around at one end of town and comes

salad, rolls, and beans. The Rotary Barbecue is one of Sierra Valley’s

smile. Be ready to stand in a VERY LONG line. However, the line moves

both sides if you stay in one place,” said Marie Silver, past president of Rotary Club of Loyalton.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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JULY 2018 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

Mohawk Valley Independence Day Celebration s p onsored by Graeagle Rotary Club with the theme “Today's Youth, Tomorrow's Future.”

Plan ahead for this family-friendly event by marking your calendar for the yearly hometown celebration that only Graeagle can offer. From family-friendly dancing, an aerial fireworks display over Graeagle Mill Pond, and the spectacular MVID Parade/Day in the Park events, Graeagle is the place to be on Fourth of July weekend.

Sc hedule of Events: Friday June 29th Saturday June 30th

Sunday July 1st

6:00 pm – 11:00 pm 8:00 am 3:00 pm 4:00 pm – 9:00 pm 6:00 pm – 9:00 pm 8:00 am - 11:00 am 10:00 am – 5:00 pm 1:00 pm – 2:00 pm 2:00 +

Graeagle Lions’ Dance at The Corner Barn Fun Run 5k/10K Civil War Battle Reenactors Pre-Fireworks Music & Karaoke and Aerial Fireworks Display at dusk Graeagle Fire Department Annual Pancake Breakfast Old Fashioned Day in the Park 46th Annual Parade Band Concert

Corner Barn in Blairsden

Graeagle Mill Pond Graeagle Mill Pond Graeagle Firehall Graeagle Park Downtown Graeagle Graeagle Park

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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On – Going SUMMER FUN Tuesdays Starting 6/12 through 9/4

Where Held

Time

Cost Contact Info.

Details

The Events Plaza in the Village at Squaw Valley

6:00 pm 8:30 pm

Free Kyle Faucher (530) 584-6266

This popular and FREE outdoor concert series in the Village at Squaw Valley features acclaimed blues musicians, great grab & go food offerings from Village restaurants and a Blues bar with beer, wine & spirits available from 6:00 pm to 8:30 pm in the Events Plaza.

During the summer Bluesdays series, Squaw offers discounted tickets for the Aerial Tram, food and drink specials, and lodging sales each and every Tuesday.

PJ’s at Gray’s Crossing 11406 Henness Road Truckee

5:30 pm 7:30 pm

Free

Continuing into its 5th year, the Summer Concert Series at Gray’s Crossing continues to gain momentum and a growing reputation for bringing incredible talent to the stage. These free outdoor concerts are family-friendly and open to all. Lawn space is available on a first come, first serve basis. Check website for the schedule of bands/musicians.

BLUESDAYS AT SQUAW VALLEY

Tuesdays Starting 6/19 through 8/28 LIVE MUSIC SERIES

www.golfintahoe.com

(No outside food or beverages)

Wednesdays Starting 6/20 through 8/29 MUSIC IN THE PARK

Truckee Regional Park 10500 Brockway Rd Truckee

6:30 pm 8:30 pm

Free info@trpd.org

Every Wednesday from June 20 to August 29, TRPD hosts a community gathering with great music in the amphitheater located at Truckee Regional Park. All Concerts start at 6:30pm.

To ensure the safety and enjoyment of all who attend, no smoking and no dogs. Please supervise your children at all times.

Your contribution of any amount helps to ensure a full schedule of concert dates, as event costs continue to rise. Look for the blue donation boxes. Thank you!

Thursdays Starting 6/14 through 8/23

Historic Downtown Truckee

5:00 pm 8:30 pm

Kings Beach State Recreation Area

6:00 pm 9:00 pm

Come celebrate the 11th year of Truckee Thursdays! From June 14th through August 23rd, Thursday nights in Historic Downtown Truckee is a special experience for people of all ages - residents, visitors and participants alike. Featuring live music, a food court, artisan vendors, merchant and community displays, children’s activities, and a beer garden. Free shuttle service will be provided again this year. Join us. Meet your neighbors and friends.

Enjoy one of the best experiences Historic Downtown Truckee has to offer.

TRUCKEE THURSDAYS

Fridays Starting 6/29 through 8/21 MUSIC ON THE BEACH

Free www.northtahoebusiness.org

Start your summer weekend off right by listening and dancing to FREE live music performances featuring a variety of genres on the beautiful North Shore of Lake Tahoe. Music on the Beach takes place at Kings Beach State Recreation Area and concerts start at approximately 6:30pm on Fridays throughout the summer. Alibi Ale Works beer, plus wine, soda, and food vendors will all be available from 6-9pm.

Visit NTBA website for more information and to check out the entire 2018 Lineup.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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On – Going Offerings

Where Held

Time

Cost Contact Info.

Details

Sundays Art of Mixology

Ritz-Carlton Hotel 13031 Ritz Carlton Highlands Ct. Truckee

4:00 pm 6:00 pm

E-Mail Giles.priestland @ritzcarlton.com

Cost $60/per person at the Manzanita Bar. Entertaining and educational experience will feature freshly cut herbs, classic ingredients such as bitters and infused liquors to create three unique cocktails paired with appetizers.

Mondays Song Group

Tahoe Truckee School of Music

6:15 pm 7:30 pm

$20.00

Song group for everyone! Any instrument, any experience level, any age. Led by Ben Martin. Come to learn and share music in a fun creative environment.

chamber.truckee.com/ events/details/songgroup

Ben Martin (530) 587-3274

10038 Meadow Way, Ste. E

Tuesdays Knitting Group

Atelier 10128 Donner Pass Road Truckee

4:00 pm 6:00 pm

Free

Join us for a knitting group. Open to all knitters, crotchetiers, loom artists…whatever your thread you are welcome.

This is NOT A CLASS; it is a group activity intended for individuals who enjoy the company of other yarn artists. Bring your own project or start a new one; come for a few minutes or the whole 2 hours.

For more information on this and other workshops contact: www.ateliertruckee.com

TUESDAYS (starts 6/5 and continues through season)

Truckee Regional Park at 10050 Brockway Road Truckee

8:00 am 1:00 pm

Free

Come to the Truckee Regional River Park each Tuesday for fresh produce, vegetables, fruit, flowers, berries, melons, greens, tomatoes, prepared foods, crepes, baked goods, fish and meat, olive oil, and handmade artisan goods.

Wednesday & Fridays Crafting

Tahoe Modern Makers 3668 Lake Tahoe Blvd, Ste. K So. Lake Tahoe

4:00 pm 5:00 pm

Free Call for questions: (530) 600-3388 or e-mail: tahoemodernmakers @gmailcom

FREE! All Craft event every Wednesday and Friday; all ages welcome. No reservations required. Craft changes weekly.

Check Schedules on line at Atelier.com

Atelier 10128 Donner Pass Road Truckee

Varies

Prices vary

Take a fun class! All classes are interesting and open to the public. Offerings change monthly Check their website at www.ateliertruckee.com for current calendar.

TRUCKEE FARMER’S MARKET

truckeecertifiedfarmers market.com

Our current vendor list includes: K & J Orchards-Winters, Ca., Sasquatch Farms-Quincy, Ca., Amber Oaks Farm-Auburn, Ca., Ludlow Family Farm-Corning, Ca., Grant-Marie Winery-Oregon House, Ca., Hole-in-One Beef-Janesville, Ca., Freshway Fish-Sacramento, Ca., Harvey Farms-Calpine, Ca., Farming Pigs-Calpine, Ca., Stuff-It OlivesReno, Ca., Treat Yourself -Reno, Nv., High Sierra Crystals-Chilcoot, Ca., Liberty Food & Wine Exchange-Reno, Nv., Lobos Bakery-Truckee, Ca., Hand-Crafted Wood products-Graeagle, Ca., Joe Winter PotteryRed Rock, Nv., Sierra Valley Farms-Beckwourth, Ca., Dedricks Cheeses-Placerville, Ca., McClaughry Farms-Grass Valley, Ca.

The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440