Truckee Tahoe May Newsletter

NEWS YOU CAN USE

MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

Van Norden Meadow Tahoe National Forest Photo courtesy of: Anna Schwyter

Contents

Pg.

Dickson Truckee Office – We are Here For You

2

Sales Statistic Reports

3-6

Spring Cleaning Tips

7

What Isn’t Cancelled!

8

May Calendar of Celebrations

9

Fun Facts about May Holidays

10-11

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

NEWS YOU CAN USE

MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore 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

What a difference 30 days makes!

People buy and sell real estate for many different reasons. At Dickson Realty, we are continuing to assist people to do so, but now under very different circumstances. Our first priority is to keep our staff, our agents and our clients safe. Like many businesses, we are leveraging technology tools to communicate and meet with people. You can still tour and view properties online and then, under safe conditions, see them in person. Our offices remain closed to the public, but all calls are answered. Our staff and agents are working remotely to provide you with the extraordinary service we’re so proud of. We’re not surprised by the number of people who are looking to either make a permanent move to our smaller community or buy the vacation home that will provide them a safe haven from more congested areas.

The real estate snapshot will look different for a while. Dickson Realty has weathered through challenging circumstances, recessions and hard times over the years. As your neighborhood and market area real estate experts, we are all doing what is necessary to get us all through this unprecedented situation safely.

We pray for and send good vibes to our clients. Thank you for supporting us at Dickson Realty and please don’t hesitate to contact us if we can help in any way. Please take this crisis seriously.

Stay safe and healthy.

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

NEWS YOU CAN USE

MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

This month’s reports are year-to-date comparisons of sales statistics for March 2019 compared to March 2020; showing median and average sales pricing, lowest/highest sales, average days on market and total number of sales in the 12-month comparison period.

(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 April 10, 2020

Truckee

Year To Date

Inclusive Column1

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

$ $ $ $ $ $

Year To Date

MARCH 2019 670,000 1,148,157 105,000 7,450,000 78 145

$ $ $ $ $ $

MARCH 2020 655,000 1,058,901 195,000 9,500,000 81 151

% Change -2% -8% 86% 28% 4% 4%

Truckee Inclusive $1,400,000 $1,200,000 $1,000,000

$1,148,157

$1,058,901

$800,000 $600,000 $400,000

$670,000

$655,000

$200,000 $2019

2020

MARCH

MARCH

Year To Date

Year To Date

Median Sales Price

Average Sold Price

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

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

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

NEWS YOU CAN USE

MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

TAHOE DONNER Truckee Sub-Market

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

$ $ $ $ $ $

Year To Date

Year To Date

MARCH

MARCH

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

$ $ $ $ $ $

2020 617,500 670,532 285,000 1,560,000 56 54

Tahoe Donner Truckee Sub-Market

% Change -6% -3% 171% 4% 22% 4%

$700,000 $680,000 $660,000 $640,000 $620,000 $600,000 $580,000 $560,000

$693,424 $670,532

$655,000 $617,500

2019

2020

MARCH

MARCH

Year To Date

Year To Date

Median Sales Price

NORTHSTAR Truckee Sub-Market

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

$ $ $ $ $ $

Year To Date

Year To Date

MARCH

MARCH

2019 757,000 1,031,250 185,000 2,935,000 138 22

$ $ $ $ $ $

2020 987,500 997,416 375,000 1,965,000 97 18

Average Sold Price

Northstar Truckee Sub-Maket $1,200,000

% Change 30% -3% 103% -33% -30% -18%

$1,000,000

$1,031,250

$800,000 $600,000

$987,500 $997,416

$757,000

$400,000 $200,000 $2019

2020

MARCH

MARCH

Year To Date

Year To Date

Median Sales Price

GOLF COURSE COMMUNITIES

Truckee Sub-Market

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

$ $ $ $ $ $

Average Sold Price

Year To Date

Year To Date

Golf Communities

MARCH

MARCH

Old Greenwood, Gray's Landing, Lahontan, Schaffer's Mill, Martis Camp

2019

2020

2,900,000 3,264,718 785,000 7,450,000 113 23

$ $ $ $ $ $

2,562,500 3,098,956 1,225,000 9,500,000 154 22

% Change -12% -5% 56% 28% 36% -4%

Truckee Sub-Market $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $-

$2,900,000

$3,264,718

$3,098,956 $2,562,500

2019

2020

MARCH

MARCH

Year To Date

Year To Date

Median Sales Price

DONNER SUMMIT Truckee Sub-Market

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

$ $ $ $ $ $

Year To Date

Year To Date

MARCH

MARCH

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

$ $ $ $ $ $

2020 592,500 683,678 195,000 1,750,000 73 14

Average Sold Price

Donner Summit Truckee Sub-Market

% Change 3% -12% 11% -31% -38% 17%

$900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $-

$779,333 $572,500

$592,500

$683,678

2019

2020

MARCH

MARCH

Year To Date

Median Sales Price

Year To Date

Average Sold Price

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

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MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

ALPINE/SQUAW

Year To Date

Year To Date

MARCH Column1

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

$ $ $ $ $ $

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

Alpine/Squaw

MARCH $ $ $ $ $ $

2020 670,750 888,437 305,000 2,195,000 160 24

% Change 23% 12% 124% -40% 60% 9%

$1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $-

$888,437

$794,840 $670,750 $545,000

2019

2020

MARCH

MARCH

Year To Date

Median Sales Price

NORTH LAKE TAHOE

Year To Date

California Column1

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

$ $ $ $ $ $

MARCH 2019 565,000 696,776 125,000 4,300,000 88 38

Year To Date

$ $ $ $ $ $

MARCH 2020 525,000 847,577 125,000 7,619,000 84 45

North Lake Tahoe, CA

% Change -7% 22% 0% 77% -5% 18%

$900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $-

$847,577 $696,776 $565,000

$525,000

2019

2020

MARCH

MARCH

Year To Date

Year To Date

Median Sales Price

WEST SHORE LAKE TAHOE CALIFORNIA

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

$ $ $ $ $ $

Year To Date

Year To Date

MARCH

MARCH

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

$ $ $ $ $ $

2020 655,000 1,071,729 285,000 7,150,000 83 24

Year To Date

Average Sold Price

Average Sold Price

West Shore Lake Tahoe, CA $3,000,000

% Change 10% -61% 27% -81% -23% 26%

$2,500,000

$2,738,919

$2,000,000 $1,500,000 $1,000,000 $500,000 $-

$1,071,729 $595,000

$655,000

2019

2020

MARCH

MARCH

Year To Date

Year To Date

Median Sales Price

Average Sold Price

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

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MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

We have just completed the 1st Quarter 2020 Luxury Homes Report for the period January 1, 2020 through March 31, 2020.

The data represents Home sales of $1million and above in our market area.

We are providing this summary report for your Interest.

January 1, 2020 through March 31, 2020 LUXURY HOME SALES OVER $1 MILLION TRUCKEE ALPINE MEADOWS SQUAW VALLEY NORTH SHORE, LAKE TAHOE, CA WEST SHORE, LAKE TAHOE, CA SOLD LISTINGS OVER $1 MILLION $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000-$4,999,999 $5,000,000 and higher ACTIVE LISTINGS OVER $1 MILLION $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000-$4,999,999 $5,000,000 and higher

# OF SALES 42 0 7 6 7 62 SOLD LISTINGS 41 9 8 4

AVERAGE SALES $ $2,264,620 $0 $1,718,571 $2,996,833 $2,357,285

HIGHEST SALES $ $9,500,000 $0 $2,195,000 $7,619,000 $7,150,000

AVERAGE DOM 149 0 208 104 80

% OF TOTAL SALES AVERAGE SALES PRICE 66% $1,389,878 15% $2,346,666 13% $4,125,256 6% $7,629,750

AVERAGE DOM 127 185 165 178

62 ACTIVE LISTINGS % OF ACTIVE LISTINGS 84 56% 30 20% 20 13% 16 11%

AVERAGE ASK PRICE $1,435,317 $2,525,099 $3,826,700 $8,135,937

AVERAGE DOM 137 179 277 286

150 Data Source: Tahoe Sierra Multiple Listing Service (TSMLS) as of April 2, 2020

The Dickson Philosophy Dickson Realty was founded in 1973 under the guiding premise that integrity, hard work, and creativity would yield success. Today, those principles have made Dickson Realty the region’s largest and most successful real estate company. We believe our greatest asset and the key to our success is our team of agents, employees, and affiliates.

You come first. When everything we do centers on serving your unique needs - even to the exclusion of our own agenda - we can create an extraordinary experience for you, our client.

You deserve mastery. As a client, you deserve to work with a realtor who's at the top of his or her game. Mastery takes 10,000 hours of concentrated effort - or more than five years of working full-time. Every Dickson agent is committed to developing his or her mastery of real estate.

Your relationship matters to us. When Dickson realtors invest in strong relationships at the start, we will enjoy extraordinary relationships that last.

We under-promise and over-deliver for you. Everyone loves a happy ending, so we temper the temptation to hype the outcome. Instead, Dickson agents concentrate our efforts on adding real value - for extraordinary results.

We share "hyper-local" knowledge with you. There's no substitute for knowing the territory, the customs, and the culture of the communities we serve. Dickson agents walk the neighborhoods, join community and neighborhood advisory boards, and build powerful networks to better serve you.

We negotiate for you. In real estate, you don't get what you deserve - you get what you negotiate. That's why our clients hire us over our competitors: for our negotiation skills. We take advantage of every opportunity to learn or fine-tune them, at Dickson University or through close personal study.

We never stop learning for you. Dickson is a learning organization. We strive, we succeed, we sometimes come up short, but we always learn. That's why we have Dickson University and experienced experts to train, educate, and grow our realtors.

We build our reputation through you. A reputation takes years to develop, and it can be destroyed in seconds. That's why honesty, integrity, hard work, and collaboration are the cornerstones of Dickson's business - and we expect nothing less from each and every agent who works with us.

We listen to you. Most sales professionals hear one client need, and they're off to the races. Dickson's agents know to bite their tongue and keep listening uncovering at least five more client needs they can find solutions for.

We create community to serve you. Since 1973, Dickson Realty has acted upon the responsibility to build a sense of community in the areas we serve, including active corporate philanthropy, volunteerism, and community involvement on the part of our agents, partners, and staff.

We are in business because of you. Anyone who's ever had an extraordinary experience will never forget the feeling - or the person who created it. That's why, at Dickson Realty, we harness our creativity, sense of fun, and concern for our fellow men and women to create extraordinary experiences for our clients.

Our goal, of course, is to become your realtor - for life.

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

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MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

Spring Cleaning on a Budget: 3 Things to Stop Doing Now

While you may have heard running a lemon through your disposal will clean the blades, think twice before trusting that tip. It may indeed clean the appliance, but lemon's citric acid can also corrode the metal, while the peel can damage grinders and clog pipes.

#3 Stop Using Hot Water in the Washer

Image: Julie Kruger, photo/ Lokahi Home Designs, design

Hello, May — and spring cleaning season!

Save time and money by putting a stop to these three cleaning habits that might be costing you.

Vinegar isn’t the be-all it pretends to be. Nor is lemon.

Image: @lkathome

#1 Stop Using Vinegar on Wood and Stone From windows to laundry, vinegar is an ecofriendly cleaning powerhouse. But it's also an acid that can damage stone and wood. When cleaning your granite or marble countertops, use mild soap and warm water instead. It'd be a shame to ruin your carefully-chosen kitchen materials.

And only clean floors and furniture with madefor-wood cleaners.

This is one time you shouldn't listen to grandma. Today's laundry detergents clean more efficiently than ever in cold water.

Even though it might feel strange, winter's much-used blankets will get just as clean on the cold setting — and you'll save money on utilities, too.

Caveat: When a family member is sick, or you're washing dirty cloth diapers (or other nasty messes), then listen to grandma. Use hot water mixed with chlorine bleach to kill all that icky bacteria.

#2 Don't Use Lemon in the Disposal

© Copyright 2020 NATIONAL ASSOCIATION OF REALTORS®

Image: Anne Arntson for HouseLogic

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

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MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

Enjoying the outdoors is not cancelled Listening to music is not cancelled Reading a book is not cancelled Spending quality time with our family is not cancelled Reaching out to friends is not cancelled Singing out loud is not cancelled Laughing has not been cancelled Sharing hope has not been cancelled Embracing what we have has not been cancelled

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

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MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

MAY 2020 SUN

MON

TUES

WED

THUR

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27

03

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FRI

SAT

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*May 7-13 National Nurses Week* 10

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*Police Officer’s Memorial Day*

Lily of the valley (Convallaria majalis) is a fragrant flowering plant used in religious ceremonies, world celebrations, perfumes and in gardens. Also known as the May lily, it means "return to happiness" and most often symbolizes chastity, purity, happiness, luck and humility.

*Armed Forces Day*

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*Amnesty International Day*

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May is a month of celebration and recognition.

See the following page for interesting facts about those *starred * above.

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

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MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

MAY DAY - May 1 May Day, the first of May is celebrated around the world.

It has a number of meanings. In many other countries it is a celebration of spring and the coming of summer. It is celebrated with many spring flowers, many of them blooming right in your own backyard. To communist and socialist countries, it is a celebration for the workers.

In many countries it is celebrated as part of a one to threeday holiday. Of particular note, it is not a national holiday in the United States, except in Hawaii where it is known as "Lei Day".

NATIONAL NURSES WEEK - May 7-13 National Nurses Week, and a number of specific Nurses Days during this week, provides recognition to nurses for their contributions and commitment to quality health care.

It brings awareness to the importance of nurses in the care , comfort, and well being of all of us, and especially our children and the aging, and those in poor health.

• May 7-13: National Nurse's Week • May 8: National Student Nurses Day • May 6th: National Nurses Day • Wednesday of Nurse's Week: School Nurses Day • May 12: International Nurse's Day The roots of International Nurses Day goes back to 1953, when Dorothy Sutherland of the U.S. Department of Health, Education, and Welfare sent a proposal to President Eisenhower to proclaim a "Nurse Day" in October of the following year. The proclamation was not officially made. But, this day was born and eventually gained national recognition.

International Nurse Day is celebrated on May 12, because this it's the birthday of Florence Nightingale.

POLICE OFFICER’S MEMORIAL DAY - May 15 Police Officer's Memorial Day was created and established as May 15th by an Act of Congress.

Police Officer's Memorial Day honors and remembers police officers who gave their lives while on duty.

Police officers protect us 24/7 every day of the year. It's a sometimes dangerous job. They know they are putting their lives at risk to make and keep us safe. Police officers know the risks, and accept them. Sometimes, they pay the ultimate price.

Please show our respect and appreciation for police officers everywhere...today....and everyday.

Ways to participate in this day: • Show appreciation for police officers.

• Make a donation to a police officer fund or memorial

• • •

Participate in activities honoring officers who have died on duty.

Better still, create a memorial event, if there isn't one in your area.

Thank your police officers for a job well done.

ARMED FORCES DAY – May 16 Celebrated the Third Saturday in May, this is simply a day to salute sharply all of the men and women in all branches of military, who protect you and our country. They can be called upon at a moment's notice to perform a risky and perilous mission for freedom and country. They train diligently both physically and mentally, so they will be prepared to prevail in any mission they face.

Just how did it all begin? Well, each branch of the military had their own day of celebration. But, on August 31, 1949 then Secretary of Defense Louis Johnson announced the creation of Armed Forces Day. President Harry Truman also announced the holiday in a presidential proclamation on February 20, 1950. All branches of the military were asked to celebrate on this day and they complied on the first Armed Forces Day which was held the following year on May 20, 1950.

AMNESTY INTERNATIONAL DAY – May 28 Amnesty International Day recognizes the need to protect human rights around the world. The Amnesty International organization strives to accomplish these goals by providing awareness and recognition of the issues. They work to publicize local and regional problems, and to arouse citizens, governments and politicians to action.

Celebrate Amnesty International Day by: • Learning more about human rights issues • Becoming active in human rights causes • Writing your politician on human rights issues • Making a donation

The Dickson Truckee Team

11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440

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MAY 2020 MARKET NEWSLETTER

Truckee, Golf Course Communities, Tahoe Donner, Northstar, Donner Summit, Alpine/Squaw, North & West Shore Lake Tahoe, CA.

7 Memorial Day Facts You Probably Didn't Know

Today, Memorial Day is synonymous with barbecues, picnics—but the holiday's roots trace back far further than you might have realized.

Below, a few facts about the history of Memorial Day, and how it's evolved throughout its 150-odd years.

1. Multiple cities claim to be the birthplace of Memorial Day. According to the Library of Congress, President Lyndon Johnson declared Waterloo, New York, to be the "Birthplace of Memorial Day," referencing a celebration the town had in 1866. However, other places are known to have celebrated the holiday earlier, and exactly where the first celebration took place remains in dispute.

2. It was originally called Decoration Day. The holiday was celebrated by “decorating” the graves of fallen soldiers with flowers, flags, and more, hence the name “Decoration Day.” Over time, it became known as Memorial Day.

3. Union General John A. Logan founded the holiday.

Although people were already decorating graves of fallen Civil War soldiers in an unofficial way, General Logan codified the holiday. “The 30th of May, 1868, is designated for the purpose of strewing with flowers, or otherwise decorating the graves of comrades who died in defense of their country during the late rebellion, and whose bodies

now lie in almost every city, village and hamlet churchyard in the land,” he famously said.

4. Memorial Day wasn’t celebrated on the “last Monday in May” until relatively recently.

When General Logan officially launched the holiday, he called for it to be observed on May 30.

After the Uniform Monday Holiday Act took effect in 1971, however, it was moved to the final Monday in May.

5. Logan may have chosen May 30 an interesting reason.

The date was selected because it wasn’t the anniversary of any battle in particular—well, according to legend, that is.

6. It’s customary for the U.S. president or vice president to give a speech.

And traditionally, that speech is delivered at the Tomb of the Unknown Soldier at Arlington National Cemetery. Ahead of Memorial Day weekend, the 3rd U.S. Infantry also place American flags in front of Arlington’s over 260,000 graves and niches

7. Originally, only soldiers who had died in the Civil War were honored.

After WWI, though, the holiday began to encompass members of the American armed forces who had fallen in any conflict.

Courtesy of Town & Country Magazine May 2019

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