Dickson Truckee/Tahoe Newsletter - May 2019

NEWS YOU CAN USE

MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

Contents

Pg.

Truckee Office & Snow Fall Records Set in March

2

Got Snow?

3

Sales Statistic Reports

4-6

Discussion of Average vs. Median Price Statistics

7

Guild Mortgage Corner

8

Fun Facts about Mother’s Day

9

Pricing Your Home To Sell

10-11

Renovations that Could Hurt Home Value

12-13

Calendar and Event Details

14-17

Golf Course Tentative Openings

"It was one of those early Spring days when the sun shines hot and the wind blows cold, when it is summer in the light and winter in the shade." ~Anon~

18

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

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 REALTORS®, possess the most current and comprehensive market information and, combined with their knowledge and experience, they are uniquely qualified to be expert guides in your real estate venture. Call, e-mail, visit our office, or access us on the web. We are here for you 24/7.

Office Info: Phone: 530-587-7444 Fax:530-587-8064 Email: truckeeinfo@dicksonrealty.com Web: www.Dicksonrealty.com

“If only I had a house or condo in Truckee/Tahoe, I could be on the slopes by now!”

Call us, we can help you find that perfect mountain home.

March 19, 2019 (Reprint)

An additional 3-6 inches of snow could fall at higher elevations in the Sierra Nevada by Friday morning, according to the National Weather Service Office in Reno, and up to 2 inches of snow could fall in Truckee and at lake level.

“Around Lake Tahoe, Diamond Peak Ski Resort received 19 inches of snow during the storm, Heavenly Mountain Resort was hit with 18 inches of snow, and Homewood Mountain Resort gained a storm total of 17 inches of snow.

Northstar California Resort was hit with the most snow during this week's storm with a reported 27 inches coming down at the mountain. Northstar has now received 547 inches of snow this season.

Squaw reported 20 inches of snow for a storm total, bringing its season total to 611 inches, which is 200 inches more than the mountain received last season. Alpine Meadows said it received 17 inches of snow during this week's storm, which raises the resort's season total to 507 inches.

Squaw Valley Alpine Meadows announced it had surpassed the 50-foot mark at Squaw’s upper mountain, while several other resorts have gone over 500 inches for the season. Squaw Valley Alpine Meadows announced Squaw Valley will remain open until July 7, conditions permitting. Alpine Meadows will operate into May, according to the resort, with a schedule dependent upon weather.

Sugar Bowl was hit with 21 inches of snow during the latest storm and has received 555 inches for the season. Nearby, Boreal Mountain California picked up 14 inches of snow for a storm total, bringing the resort to 537 inches for the season. Soda Springs Mountain Resort also reported 14 inches of snow, pushing the mountain to 501 inches of snow for the season.

Tahoe Donner reported 6 inches of snow during this past storm for a season total of 448 inches.”

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

The following pages contain Residential Sales Statistics for the areas of Truckee (Inclusive), Tahoe Donner, Golf Course Communities of Gray’s Crossing, Lahontan, Old Greenwood, Schaffer’s Mill and Martis Camp, Donner Summit Alpine/Squaw, North Lake Tahoe, CA and West Shore Lake Tahoe, CA 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 Tahoe Sierra Multiple Listing Service with data pulled on March 10, 2019

The sales statistics presented this month represent Year To Date Comparisons for activity 1st Quarter 2018 when compared to the current activity 1st Quarter 2019.

Truckee Inclusive shows total market activity which includes sub-markets of Tahoe Donner, the Golf Course Communities and Donner Summit.

Specific details of those sub-markets are shown separately on the next page.

Truckee

YTD MARCH

Inclusive

Median Sales Price Average Sold Price Lowest Sold Price Highest Sold Price Average Days on Market Homes Sold

$ $ $ $ $ $

2018 660,000 1,130,633 89,000 8,800,000 75 176

Average Sold Price

Median Sales Price

2019 665,000 1,143,537 105,000 7,450,000 80 141

$ $ $ $ $ $

% Change 1% 1% 18% -15% 7% -20%

$7,450,000

Highest Sold Price

Lowest Sold Price

YTD MARCH

$8,800,000 $105,000 $89,000 $1,143,537 $1,130,633 $665,000 $660,000

YTD MARCH 2019

YTD MARCH 2018

Defying the predictions, the Truckee market had a slight positive change year to year. The activity remained stable as did median and average price achievement.

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

Tahoe Donner

YTD MARCH

Truckee Sub-Market

Median Sales Price Average Sold Price Lowest Sold Price Highest Sold Price Average Days on Market Homes Sold

$ $ $ $ $ $

2018 660,000 747,466 90,000 1,615,000 47 63

YTD MARCH $ $ $ $ $ $

2019 655,000 693,424 105,000 1,500,000 46 52

% Change -1% -7% 17% -7% -2% -17%

$1,500,000

Highest Sold Price

Lowest Sold Price

$1,615,000 $105,000 $90,000 $693,424

Average Sold Price

$747,466 $655,000

Median Sales Price

$660,000

YTD MARCH 2019

Golf Course Communities Truckee Sub-Market

YTD MARCH

YTD MARCH

2018

2019

% Change

Median Sales Price

$

2,202,500

$

3,647,500

66%

Average Sold Price Lowest Sold Price Highest Sold Price Average Days on Market Homes Sold

$ $ $ $ $

2,969,718 885,000 8,800,000 127 30

$ $ $ $ $

3,534,476 785,000 7,450,000 130 20

19% -11% -15% 2% -33%

$7,450,000

Highest Sold Price

Lowest Sold Price

Average Sold Price

Median Sales Price

$8,800,000 $785,000 $885,000 $3,534,476 $2,969,718 $3,647,500 $2,202,500

YTD MARCH 2019

Donner Summit

YTD MARCH

Truckee Sub-Market

Median Sales Price Average Sold Price Lowest Sold Price Highest Sold Price Average Days on Market Homes Sold

$ $ $ $ $ $

2018 390,000 377,300 225,000 502,000 51 10

YTD MARCH $ $ $ $ $ $

2019 572,500 779,333 175,000 2,545,500 117 12

% Change 47% 107% -22% 407% 129% 20%

YTD MARCH 2018

Highest Sold Price

Lowest Sold Price

Average Sold Pri ce

Median Sal es Price

YTD MARCH 2018

$2,545,500 $502,000 $175,000 $225,000 $779,333 $377,300 $572,500 $390,000

YTD MARCH 2019

YTD MARCH 2018

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.

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

Alpine/Squaw

YTD MARCH

*

Median Sales Price Average Sold Price Lowest Sold Price Highest Sold Price Average Days on Market Homes Sold

$ $ $ $ $ $

2018 427,000 529,240 175,000 1,200,000 263 20

YTD MARCH 2019 545,000 794,840 136,000 3,650,000 100 22

$ $ $ $ $ $

% Change 28% 50% -22% 204% -62% 10%

Highest Sold Price

Lowest Sold Price

Average Sold Price

Median Sales Price

$3,650,000 $1,200,000 $136,000 $175,000 $794,840 $529,240 $545,000 $427,000

YTD MARCH 2019

North Lake Tahoe

YTD MARCH

California

Median Sales Price Average Sold Price Lowest Sold Price Highest Sold Price Average Days on Market Homes Sold

$ $ $ $ $ $

2018 530,000 782,943 210,000 3,770,000 95 49

YTD MARCH $ $ $ $ $ $

2019 575,000 703,269 125,000 4,300,000 92 39

% Change 8% -10% -40% 14% -3% -20%

$4,300,000

Highest Sold Price

Lowest Sold Price

Average Sold Price

Median Sales Price

$3,770,000 $125,000 $210,000 $703,269 $782,943 $575,000 $530,000

YTD MARCH 2019

West Shore Lake Tahoe

YTD MARCH

California

Median Sales Price Average Sold Price Lowest Sold Price Highest Sold Price Average Days on Market Homes Sold

$ $ $ $ $ $

2018 692,000 1,413,750 525,000 7,500,000 110 24

YTD MARCH 2018

YTD MARCH 2018

YTD MARCH $ $ $ $ $ $

2019 595,000 2,738,919 225,000 37,000,000 108 19

% Change -14% 94% -57% 393% -2% -21%

Highest Sold Price

Lowest Sold Price

Average Sold Price

Median Sales Price

$37,000,000 $7,500,000 $225,000 $525,000 $2,738,919 $1,413,750 $595,000 $692,000

YTD MARCH 2019

YTD MARCH 2018

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.

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

The Difference Between the Median Sale Price and Average Sale Price The average sale price is calculated by adding all the sale prices for homes sold in a specific area within a specified time frame and dividing that total by the number of properties sold. For instance, if ten properties sold in a city in the last 30 days, the average home price would be calculated by adding the sale prices for all ten properties and dividing that figure by ten. The problem with the average sale price is that if one or more properties were sold at an extraordinarily high or low price, the average is skewed higher or lower as a result. In this case, the average becomes a somewhat unreliable metric. The median sale price, on the other hand, is the sale price in the middle of the data set when you arrange all the sale prices from low to high. The median sale price, then, represents the figure at which half of the properties in the area sell at a higher price and other half at a lower price.

The U.S. Census Bureau lists national median and average sale prices for the past several decades, and the Federal Housing Finance Administration uses these and other figures to create the House Price Index. Is the Median Sale Price or Average Sale Price a Better Figure? Both the average sale price and median sale price can be valuable when you’re trying to determine how much you could expect to spend on a home in a particular area. It’s important to remember that the average sale price may be skewed due to outliers in the data (if a property has sold for a price far higher or lower than typical for the area). When you’re selling a home and using the average sale price and median sale price to help you determine the ideal listing price, it’s a good idea to calculate both.

When you list the current listing prices in your area or the sale prices for recently-sold properties, you can easily determine if there is an outlier that could be inflating the average price calculation.

When an outlier is present, you can decide to use the median listing price or median sale price as your benchmark or evaluate the outlier property further to determine whether any special features or circumstances of the sale could also apply to your property. Take all such findings into consideration.

Example to illustrate: During 1st quarter 2019 a property on West Shore Lake Tahoe, CA. sold for $35,000,000. In the comparison statistics shown below, you can readily see that area’s Average price jumped higher, while the Median price remained stable. The $35M sale can be considered an outlier as it is a unique lake front estate unlike the usual offerings in our area.

1st Quarter Sales Truckee Inclusive Market

Sales

2019 2018

141 176

1st Quarter Sales Alpine/SquawNorth & West Shores Lake Tahoe, CA

Sales

2019 2018

79 94

Avg. Price

$ $

1,143,537 1,130,633 Avg. Price

$ $

1,150,455 861,798

%Change

Median

1.141 $ $

%Change

33.5

665,000 660,000 Median

$ $

570,000 563,500

%Change

0.758

%Change

1.154

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

GUILD MORTGAGE CORNER

Mortgage Insurance

What is mortgage insurance?

An insurance policy which compensates lenders or investors to losses due to the default of a mortgage loan. Mortgage insurance pricing will vary depending on your loan type, the type of insurance selected (monthly, up-front or a combination), your credit score and down payment percentage.

101

Will I have mortgage insurance on my loan?

Mortgage insurance is required any time that you are putting less than 20% down and varies depending on what type of loan you have.

• Conventional loans have private mortgage insurance which can be paid up front, monthly, or a combination • FHA loans have both monthly insurance and an up-front premium that can be financed into the loan

• VA loans have an up-front funding fee that can be financed into the loan.

• USDA loans have both monthly mortgage insurance and an up-front guarantee fee that can be financed into the loan

How long will I have mortgage insurance on my loan?

This varies depending on your loan type. Some are for the duration of your loan and some can be cancelled once your home loan is paid down to a certain percent of your home’s value

Questions about mortgage insurance? Let’s talk.

Katie Rice

Sales Manager NMLS ID# 308387 11050 Pioneer Trail Suite 201 Truckee, CA 96161 O: 530.582.9991 krice@guildmortgage.net Apply Online www.thericeteam.com

I am licensed to do business in the states of California and Nevada. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; NV Broker #1141; NV Banker #1076; Guild Mortgage Company is an Equal Housing Lender; Company NMLS ID 3274 (www.nmlsconsumeraccess.org). All information, loan programs & interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

11 Fun Facts for Mother’s Day

Enjoy these fun facts about Mother’s Day:

1. Mother’s Day is the third most popular holiday in the world, behind only Christmas and Easter.

2. According to the Pew Research Center, more phone calls are made on Mother’s Day than any other day of the year.

3. A research study conducted by Nancy Etcoff, Ph.D., of Massachusetts General Hospital and Harvard Medical School, found that flowers affect human behavior and make people feel happier and more compassionate around freshcut blooms.

4. Approximately 65% of all greeting card sales occur in the last five days before Mother’s Day. 5. Women purchase 80% of all Mother’s Day cards.

6. In what was formerly Yugoslavia, children would tie up their mother on Mother’s Day. The only way she could be freed would be to “pay” her children with candy and treats.

7. Anna Jarvis is considered the founder of Mother’s Day in the United States. She quit her job to focus full-time on

persuading politicians, business executives and civic leaders into making the holiday official. On May 8, 1914, President Woodrow Wilson signed a Joint Resolution designating the second Sunday in May as Mother’s Day thanks to the persistence of Jarvis. Jarvis never married nor had children of her own.

8. Around one-quarter of all flowers purchased throughout the year are purchased for Mother’s Day.

9. Many of the trademark sweaters that Mr. Rogers wore on his television show, Mr. Rogers’ Neighborhood, were knitted by his real mother.

10. Mother’s Day was intended to be a day to honor mothers individually and not collectively, thus the reason for the apostrophe before the “s” – making it singular possessive instead of plural possessive.

11. Mother’s Day is the busiest day of the year for the restaurant industry with 62% of Americans dining out.

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

How much is my house worth?

How To Price a House To Sell Like Hotcakes

By Angela Colley Wondering "how much is my house worth?"

Putting a price tag on a home you're trying to sell is a tricky thing. For one, it's your home, crammed full of memories, hopes, and dreams—and all that stuff can cloud your thinking and lead you toward the wrong price.

There are consequences: Shoot too high, and your home could languish on the market for months and maybe not sell at all. Price it too low and you could bilk yourself out of a whole lot of dough. That's why we're here to guide you through this tough but critical decision; read on to pinpoint a price that's just right.

What you paid doesn't matter You may have a dollar figure in mind—perhaps based on what you paid originally, plus a little extra. Because homes appreciate, right? Maybe yes, maybe no. While a hefty increase in value is nice in theory, “ultimately, it's up to the market.”

Think of it this way: Would you buy a banana for $1 if those same bananas were on sale down the block for 69 cents? Of course not! And, of course, a home ain't no banana.

No matter what you paid for your home, market values fluctuate—both up and down. This can work for you or against you. But all that matters on the open market is what buyers are willing to pay now.

Use all your tools: Comps, AVMs, and your Realtor® The best way to get a handle on your home's sales price are the prices of similarly sized homes in your neighborhood—otherwise known as “comparables," or “comps." For example, if a house near yours with the same square footage and numbers of bedrooms and bathrooms, and in similar condition, sold for $230,000 within the past three months, you can bet your own price will be in that ballpark.

For a quick snapshot, several websites (including this one) offer automated valuation models, or AVMs, where you type in your address and then get a price based on an algorithm that factors in comps in your area. But AVMs are just a starting point.

“No one has actually put eyes on your house, so an AVM can’t really give you an accurate price.” That's why you need your Realtor to visit your home, so they can factor in your home's unique strengths and weaknesses along with comps to come to a better estimate.

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

When your Realtor tells you a price, check it. Ask them how they came up with the amount, and look into the comps in your area yourself. Once you’re able to pore over the info, you’ll be able to see a price range for yourself, so you won't feel like you're just having to blindly trust your Realtor.

Price with Internet browsing in mind Once you find yourself a ballpark price you're happy with, it's time to fine-tune it.

Keep shoppers' online search parameters firmly in mind—small differences in your price can spell a big difference in your exposure.

Factor in upgrades with a grain (or two) of salt Yep, you poured $10,000 into your brandnew chef's kitchen, or $15,000 to install an in-ground swimming pool. Sweet! So, it stands to reason that you'd make that money back when you sell, right? Well, not quite. Surveys by the National Association of Realtors® show that your return on investment for home improvements depends on what kind of renovation you've pulled off—and how much prospective buyers want it in your area. Refinishing hardwood floors, for instance, will reap a 100% return, paying for itself. Convert a basement to a living area, and you'll recoup only 69% of those costs.

The harsh truth: Not everyone is going to fall head over heels with your five-seat builtin hot tub. So do your research and find out what those upgrades will really get you.

“Home buyers typically fill out a Web form that has a minimum price and maximum price." “If you’re a dollar outside of that range it is going to be like your house didn’t exist—they’ll never see it." In other words: Price your home at $300,000, and you could miss out on a whole lot of people who are searching in the $250,000–$299,999 price range. So if you're on the cusp, consider rounding down to capture more eyeballs. Remember what we said about padding? It cuts both ways.

Leave some wiggle room Most buyers love to negotiate when you’re trying to sell your house. So, it helps to “let them win one.” Instead of starting out with the absolute lowest price you can afford to go, add a bit of a cushion. How much? You might round off your asking price in $5,000 increments. So if you know you want $347,000 for your house, you can play it safe and round up to $350,000.

Also keep in mind that many first-time buyers may have a hard time coming up with cash for closing in addition to their down payment, even if their finances are good and they're qualified for a loan.

Offering to cover closing costs—while sticking to a higher asking price—might help seal the deal.

Test the waters with a soft rollout While choosing a price can be scary, consider this one small loophole: Some brokerages offer a “soft" rollout plan in which they highlight the house as “coming soon" online, without officially listing the house in a multiple listing service. That buys you time to test the market, see if people will click at that price—then adjust accordingly without having to officially lower or raise your price on the record.

When you need expert guidance in pricing your home for sale, contact Dickson Realty’s Truckee Office. Their Realtors are always prepared with the latest comps and accurate market information. Dickson is able to help you “price right” to achieve the maximum benefit from the sale of your home.

Office Info: Phone:530-587-7444 Email:truckeeinfo@dicksonrealty.com

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

Renovations that could hurt your home's value Homeowners looking to sell soon or sometime down the road often invest in home renovations to boost their home's value for a resale.

Some home improvements, however, can actually hurt your home's value.

Sometimes, these home renovations are done particularly with a resale in mind. Other times, they’re simply done to suit a homeowner’s personal preferences. Either way, it’s important to keep your home’s resale value in mind, and do your research before investing in any home improvement updates.

If you want to increase your home's value instead of hurting it, see some of the top home renovations to avoid.

someone who wants a more move-in ready home. Fresh paint and neutral colors are always a good idea to help stage your home when it’s on the market. If you do have wallpaper, think about whether it's beneficial to remove it and repaint the walls before any

showings or open houses, so your potential buyers never have to think about it.

Too Much Wallpaper With its patterns and texture, wallpaper can be an overwhelming design choice.

Plus, it's notoriously difficult to remove. Homebuyers might view wallpaper removal as a potential headache, and it could be the tipping point for

Too Much Carpeting Most homebuyers, 54 percent, are willing to pay more for a home with hardwood floors.

Compared to hardwood and laminate floors, carpet can quickly show signs of damage.

Plus, colors and textures are highly based on personal preference, and any overly personal touches can decrease a home’s value.

“Many buyers like to upgrade the floors in their homes," he said. "Adding tile or wood can make an improvement in value

Texture on the Walls and Ceilings Just like wallpaper, texture on walls and ceilings is difficult to

Lavish Lighting Fixtures One common home improvement mistake is falling in love with unique or lavish

light fixtures. Whatever is in vogue today will look dated 10 years down the road when you are ready to sell. Simple is best.

Fortunately, lighting can easily be switched out at a low cost.

according to Bob Gordon, Realtor and blogger at BoulderRealEstateNews.com.

remove. Simply knowing that a timely project lies ahead might cause homebuyers to decrease their offer. Think twice before deciding on a fancy textured painting technique, and play around with textured wall décor instead.

Quirky Tiling Any over-personalized renovation can hurt the value of a home, especially something

like tiling, which requires more effort and money to replace,

— unless you get that person that wants the 1950s diner look and installs black-and-white tile.

For their vision, this is the pinnacle of cool. But for a resale value, most homebuyers will see it as a distraction and something they will need to rip out." Instead, consider going with a traditional white tile floor, and buy a rug with the style you're going for, he recommended.

Bright and Bold Paint Colors Bright and bold paint colors can turn off any potential buyer who might lack a bit of vision.

Fortunately, re-painting a room before putting your home on the

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

market is an easy fix, albeit an important one. Choose neutral colors to present buyers with a blank canvas, which can help them envision the home in their own style, HGTV recommends.

An Extremely High-End Kitchen The kitchen is often the heart of a home, and it’s a project many homeowners save up for.

However, the resale value of a major, high-end kitchen remodel is actually less than

what you'll invest in it. In 2015, the national average for a major kitchen remodel cost as much as $56,768, but the resale value was only $38,485, according to Remodeling.hw.net.

To avoid spending too much on a project that won’t give you a return on investment, try to focus on which aspects of the kitchen are most outdated or worn. And as tempting as it might be, consider selecting mid-range appliances rather than the expensive high-end options.

A Luxury Bathroom An upgraded bathroom can certainly add value to a home, but it’s easy

to get carried away and take the idea of luxury a little too far.

Potential buyers could be

scared off by over-personalized finishes and over-the-top whirlpool tubs that are hard to clean and hard for some people to climb into. Instead, consider a walk-in shower to appeal to a wider audience, DesignBasics.com recommends.

A Home Office Conversion Thanks to improved technology, more professionals have the opportunity to work from home, and some might consider creating a dedicated home office space to get the job done.

If the new office

space was formerly a bedroom, this could be a costly mistake, according to Jamal Asskoumi, real estate agent and owner of homes listing website CastleSmart.com.

“A home office is usually a conversion from a bedroom," he said. "This already is wrong.

Never convert a bedroom into anything other than a bedroom.

It will devalue your property immediately. Losing a bedroom could see a 10 percent [drop] in price."

If you must use a bedroom space for a home office, be sure to avoid any bulky built-in desks or shelving units. That way, when it's time to sell, you can easily stage the space back into a bedroom for potential buyers to see.

Combining Bedrooms to Create a Bigger Room Built-In High-End Electronics An in-house theater is perfect for any movie buff, but built-in or customized electronics that take up space in an otherwise

usable room could be offputting to potential buyers, according to BobVila.com. As with all home renovations,

personalization can lead to a decrease in home value, and built-in technology that can quickly become outdated is no exception.

A Hot Tub Similar to swimming pools, hot tubs are a gamble — they take up space and require constant maintenance. Plus, homebuyers with children might consider a hot tub a safety hazard. Many homebuyers won’t want one and will need to consider the cost of completely removing the hot tub when making an offer, according to Asskoumi. If a hot tub is on your list of must-haves for your

home, consider a portable hot tub versus a built-in hot tub.

You could potentially take it with you when you move, or your home’s new owners can easily remove it when they choose to.

Reprinted excerpts: MSN Money Autumn Rose 05/10/2018

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

The month of May (in Latin, Maius) was named for the Greek Goddess Maia, who was identified with the Roman era goddess of fertility, Bona Dea, whose festival was held in May. Conversely, the Roman poet Ovid provides a second etymology, in which he says that the month of May is named for the maiores, Latin for "elders," and that the following month (June) is named for the iuniores, or "young people" May is the fifth month of the year in the Julian and Gregorian calendars and the third of seven months to have a length of 31 days. May is a month of spring in the Northern Hemisphere and autumn in the Southern Hemisphere. Late May typically marks the start of the summer vacation season in the United States and Canada and ends on Labor Day, the first Monday of September.

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

Date and Event May 4th and 5th TRUCKEE HISTORICAL REVIEW

May 9th TREELINE A PATAGONIA FILM

May 14th TRUCKEE CERTIFIED FARMERS MARKET OPENS May 15th May 17th

Time

Contact or Other Information

Details

Truckee Community Art’s Center

7:00 pm 9:00 pm

$30 General Seating $10 under 18 years $40 Reserve Seating

Come join TTCC and a cast of dozens as we present an original musical extravaganza about the history of Truckee!

Music and narration for the Truckee Historical Revue was composed by David Wendell Nelson and will be conducted by Susan K Horst. The presentation will encompass the history of Truckee and surrounding areas beginning with Native American days and culminating with the 1960s Olympics in Squaw Valley, and will include stories and songs about the Gold Rush, railroad building, Boca Beer, personalities and legends, Chinese and Irish immigrants, the Donner party, modern day tourism and more.

The production will be filled with 120 talented local and guest singers, dancers, and musicians in period attire, including TTCC, the OK Chorale, the Diablo Valley College Philharmonic Orchestra, a Washoe singer, Chinese singers, music by Richard Blair, Inner Rhythms dancers, and specialty musicians. McAvoy Lane will narrate as Mark Twain and historic photos in a video presentation will accompany the show. A preshow of Americana folk tunes will be performed by the Truckee Tahoe Youth Chorus. Prop firearms may be present at the show.

Truckee Public House 10069 Bridge Street

7:00 pm 9:00 pm

$5.00 suggested donation

Join Mountain Area Preservation (MAP) and Tahoe Mountain Sports for Treeline, a new Patagonia film celebrating the forests on which humans have always depended. Follow a group of snow-seekers, scientists and healers as they explore the birch forests of Japan, the red cedars of British Columbia and the bristlecones of Nevada. This event is a benefit for MAP’s Save Tahoe campaign, challenging the Martis Valley West development.

Truckee Regional Park 10050 Brockway Road, Truckee

8:00 am 1:00 pm

Where Held

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.

Tuesdays starting May 14, 2019 through October 15, 2019

6:00 pm 8:00 pm

Tahoemusic.org

CLASSIC OPEN MIC NIGHT

May 15th - Truckee Philosophy 10402 Donner Pass Road, Truckee May 17th – Tahoe City at Goose & Chey’s 877 N. Lake Boulevard

Join the Lake Tahoe Music Festival and Truckee Philosophy for a night of classical music performance. Dust off your violin, unpack your trumpet, and invite some friends - this night is an informal opportunity to play the music you love. The event is free for everyone, though you may want to enjoy the wonderful food and drinks at Philosophy. Email to info@tahoemusic.org if you want to play.

May 25TH May 26TH

Truckee Bike Park 12200 Joerger Drive Truckee

All Day Events; call or website for time details

(530) 401-0513

Truckee Bike Park hosts their 7th annual Little Big Mountain Bike Festival and Skills Clinics. The weekend caters to all disciplines and skill levels of mountain biking encouraging riders of all kinds to participate. The festival features a women’s only clinic followed by an open 2 hour kids group clinic. Following the clinics riders will line up at the start gates for dual slalom and dual pump track races.

LITTLE BIG MOUNTAIN BIKE FESTIVAL

Sue Rae Ireland, Executive Director, Lake Tahoe Music Festival 530-525-1505

www.truckeebike park.org

All proceeds from the Festival go directly back into the Truckee Bike Park and directly support the final phase of construction at the park consisting of three slopestyle lines. Participate, Spectate, Donate, Volunteer!

Register https://www.bikereg.com/the-little-big More info https://www.truckeebikepark.org/thelittlebig

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

Date and Event May 25th May 26th

Where Held

ANNUAL TRUCKEE HOME & BUILDING SHOW

May 29th PROJECT MANA FUNDRAISER

May 31st thru June 2ND

May 10th Special Kick Off Celebration

PLAN AHEAD JUNE See more details in June newsletter Or check website www.truckee.com

Details

11:00 am 7:00 pm Saturday 11:00 am 5:00 pm Sunday

Made in Tahoe celebrates all things LOCAL. The Village at Squaw Valley will host a wide array of offerings that are made or inspired in the Lake Tahoe Basin and Truckee areas - local artisans, businesses, chefs/cuisine, organizations and entertainers. Discover, explore and experience our special community rich with talented creators from 11:00 am to 7:00 pm on Saturday and 11:00 am to 5:00 pm on Sunday. The weekend also marks the opening of the Aerial Tram for the summer season.

Truckee High School 11725Donner Pass Road

10:00 am 5:00 pm

FIND EVERYTHING YOU NEED TO BUILD, REMODEL, LANDSCAPE & DECORATE YOUR MOUNTAIN HOME! TINY HOMES! - Kitchen & Bath Remodels for High Altitude Living - Home Automation - Turn Your Home Into a “Smart Home” - Storage Solutions for Every Size Home - “Learn or Burn” – This Presentation Can Save Your Life - Windows, Doors & Garage Doors: Choose Wisely - Green Building & Sustainable Living Practices - Interior Décor: Function vs Fashion - Successful Gardening in the Sierras ALL IN ONE PLACE!

Lake Tahoe Events Center, Kings Beach 8318 N. Lake Blvd.

6:00 pm 8:00 pm

www.projectmana.org

Downtown Truckee

6:00 pm 9:00 pm Friday 12:00 pm 9:00 pm Saturday TBD Sunday

FIRST TO ARRIVE, FIRST TO ENTER FREE; seating subject to capacity A FREE New Orleans-inspired event, the TRUCKEE CRAW THAW

10:00 am 6:00 pm

Amanda Horn (775) 329-3333

TRUCKEE CRAW THAW MUSIC FESTIVAL

WEDNESDAY thru SUNDAYS 150 YEAR TRUCKEE DONNER RAILROAD CELEBRATION

Contact or Other Information

Village at Squaw Valley

MADE IN TAHOE FESTIVAL May 25th May 26th

Time

Nevada Museum of Art 160 West Liberty Reno, NV

Project MANA and Kynbo App to Host 'Pho for Project MANA III' Fundraiser Project MANA will be hosting a community "friend-raiser" in partnership with tech start-up Kynbo and local chefs David Smith of Alder Creek Café at Tahoe Donner and Steve Anderson, Resort Executive Chef at Squaw Valley/Alpine Meadows on Wednesday, May 29 at 6 pm at the North Lake Tahoe Events Center in Kings Beach.

Pho for Project MANA was created in 2017 to raise awareness about food insecurity and hunger in the North Lake Tahoe and Truckee community. Proceeds directly benefit Project MANA-North Lake Tahoe and Truckee's non-profit food pantry. No host beer and wine available.

Music Festival celebrates Spring with an incredible music lineup, cajun cuisine and family fun in historic downtown Truckee, California Friday, May 31 - Sunday, June 2, 2019.

Produced by Crux Events in partnership with the Truckee Tourism Business Improvement District (TTBID) and Moody’s Bistro Bar & Beats, this 2nd Annual celebration benefits Moody’s Jazz Camp, a non-profit supporting local youth and music education through jazz.

$10 General Admission $8 Student/Senior (ages 60 and up) $1 Children 6 to 12 years FREE Children 5 and under FREE Nevada Museum of Art Members FREE High school students with valid school I.D.

To commemorate the 150th Anniversary of the completion of the Transcontinental Railroad in 1869, the Nevada Museum of Art presents an exhibition featuring the art of Zhi Lin, who has spent much of his career making artworks that recall the sacrifices of Chinese migrant workers in the Sierra Nevada. The completion of the railroad - which linked the United States from east to west - is often celebrated as the grand achievement of America's Manifest Destiny and the 19th-century rallying cry for westward expansion of the United States. Zhi Lin's mixedmedia canvases, video installation, and watercolor paintings honor the nearly 1,200 Chinese workers who lost their lives to accidents, avalanches, and explosions in treacherous Sierra terrain near Donner 6/1 Soroptimist Annual Wine Tasting and Silent Auction; See separate flyer 6/2 Truckee Running Festival Fundraiser; 6/6 thru 6/8 Truckee Dirt Fondo Cycling Event & Festival

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Golf Course Communities, Donner Summit, Alpine/Squaw, North and West Lake Tahoe, CA.

Plan Ahead for this highly anticipated annual event!

SOROPTIMIST INTERNATIONAL OF TRUCKEE DONNER Soroptimist International of Truckee Donner (SITD) is a volunteer service organization falling under the auspices of Soroptimist International.

VISION Women and girls have the resources and opportunities to reach their full potential and live their dreams.

MISSION Soroptimist improves the lives of women and girls through programs leading to social and economic empowerment.

CORE VALUES Gender Equality | Empowerment | Education | Diversity & Fellowship THE NAME The name, Soroptimist, is coined from the Latin words, soror meaning sister and optima – the best. The translation is “best for women,” and that’s what the organization strives to achieve. Soroptimists are women at their best, working to help other women to be their best.

LOCALLY Founded in 1971, Soroptimist International of Truckee Donner (SITD) provides volunteer services and financial support locally and internationally. We work to improve the lives of women and children (primarily girls), in an atmosphere of support,

friendship and fun. We raise funds which are then donated to programs we support and organizations in need.

Charitable Distribution

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

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MAY 2019 MARKET NEWSLETTER Truckee, Tahoe Donner, Alpine/Squaw, Donner Summit, Golf Course Communities, North and West Lake Tahoe, CA.

Public Golf Courses Truckee COYOTE MOON JUNE 13

18 HOLE, PAR 72 Coyote Moon Golf Course is a challenging but fair test of Lake Tahoe golf. All levels of golfers will be tested, yet all will enjoy their round.

RESERVATIONS: (530) 587-0886 10685 Northwoods Truckee, CA 96161

NORTHSTAR JUNE 27

18 HOLE, PAR 72 Northstar's par-72, 18-hole course was designed by Robert Muir Graves, legendary landscape architect. His designs are notorious for integrating rugged, wooded sites with wavy bunkers and putting His unique features create a flow of movement in the land, qualities golfers will experience while playing at Northstar-at-Tahoe.

RESERVATIONS: (800) GO-NORTH or (530) 562-2490 P.O. Box 129 Truckee, CA, 96160

OLD GREENWOOD MAY Weather permitting

18 HOLE, PAR 72 Nestled among 600 acres of towering pines and surrounded by beautiful mountain vistas. Old Greenwood offers 18 holes of perfection courtesy of Jack Nicklaus. attention. Old Greenwood was rated No. 4 among America's finest new "Upscale Public Courses" by Golf Digest and has set a new standard for Truckee golf courses.

9 HOLE, PAR 35 The course features 3,022 yards of golf from the longest tees for a par of 35. This short course has 3 sets of tee boxes for a fun but challenging golfing experience. The course features chipping and practice greens, driving nets, pro shop, snack bar and a fabulous view.

RESERVATIONS: (800) 754-3070 or 530-550-7010 12915 Fairway Drive Truckee, CA, 96161

18 HOLE, PAR 72 Course offers 7,002 challenging yards from the longest of four tees.

The narrow, tree-lined fairways and epic elevation changes embody the best of mountain golf, while the fast, soft and large greens are widely regarded as the finest in the region.

RESERVATIONS: (530) 587-9440 11509 Northwoods Blvd.

Truckee, CA, 96161

TH

TH

PONDEROSA GOLF COURSE MAY Weather Permitting

TAHOE DONNER To Be Determined

RESERVATIONS: (530) 587-3501 10040 Reynolds Way Truckee, CA, 96161

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