Dickson Realty’s October 2016 Newsletter
Market Update The following 2 charts depict average sales prices and number of single family homes sold from January 1 thru August 31 of each year for the Truckee-Lake Tahoe area, as reported by the Tahoe Sierra Multiple Listing Service (TSMLS) for those areas served by the TSMLS. These figures speak for themselves. Average price has now topped the $1MM mark, and the number of homes sold (for the 1/1-8/31 period) has more than doubled since 2005. Total sales volume for 2005 for the 8 months was $265,868,594 and for 2016 was $714,111,752. 2015 recorded total sales volume, 1/1-8/31, of $520,260,597; 2016 has truly set a new bar in all categories.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
AVERAGE SALES PRICE
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
NUMBER OF UNITS SOLD
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
Our area is renown for its medical care and quality of life, two very important issues to seniors. Check out all this area has to offer!
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
What does the presidential election mean for your rates? The presidential election is drawing close. Some people get scared rates will change dramatically during an election year. Some companies actually try to use it as a tactic to scare borrowers into moving forward. However a lot of research would show that there is no evidence to support that a presidential election year will have an effect on rates. We live in a global economy and there are lots of influences on rates rather than just one items such as the election. Some of the big items that we think will keep mortgage rates low for the foreseeable future include: 1)
Foreign Economic News - Prior to Brexit rates were in the mid 4’s for 30 year loans (best case scenarios) rates have dropped dramatically on this foreign economic news. Many investors started investing in US Mortgage Backed Bonds on this news. So, the global uncertainty had an effect more than any other news. More uncertainty world-wide will most likely continue to make the US a safe haven and keep rates low. Please see next page
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
2) Poor Employment rates: We are having low growth rate in employment. This will likely continue to weaken consumer confidence thus continuing to most likely spur investors to invest in US Mortgage Backed Bonds once again keeping rates low. The one reason to refinance and/or purchase, is to make the decision based on your present situation. We always hear that we should all “ live in the present”, we agree and we recommend taking advantage of the great rates now if it makes sense for your personal situation. Please call The Rice Team of Guild Mortgage to see if it would make sense for your situation to refinance and/or purchase.
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
When to Sell? It’s a tough question to answer, as so much depends on your personal situation, but our market is HOT right now. We have buyers who want to be in before the predicted heavy winter arrives!
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter 1 & 2 - Reebok Spartan Race World Championship 6am – 5pm Village at Squaw Valley USA For the second year in a row, the Reebok Spartan Race World Championship will take place right here in Squaw Valley. The world's best athletes will collide on the course with a shared goal: to be the Spartan Race World Champion. Information: http://squawalpine.com/events-things-do/reebok-spartan-race-world-championship 1- Truckee Wine Walk & Shop 12 – 4pm; $40 in advance; $45 day of event Historic Downtown Truckee Sip, shop and stroll your way through historic downtown fall at the thirteenth annual event. Information: http://www.truckeewinewalk.com/ 1 - STEAM Exploration Saturdays (weekly) 9am– 12noon; $35 per child – ages 4-7 Prices vary – see website STEAM is Science, Technology, Engineering, the Arts and Mathematics. Science & Art: Bubbles, oil, salt, crystals and watercolor. Discover how creative you can be. Technology & Engineering: make things move with animation, toys and circuits. Have a blast experiencing how math can help your artistic designs. Information: www.kidzonemuseum.org The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter 2 – Suddenlink Family Farm Festival 2016 10am – 1:30pm; Free KidZone Museum, 11725 Donner Pass Road, Truckee Nutrition and farm science activities by Tahoe Food Hub, Villager Nursery, and Tahoe Forest Hospital’s Nutrition Coalition. Face painting, live farm animals, bounce house, stilt walkers and music by Tahoe Truckee’s School of Music and bluegrass band Ricochet. Special thanks to La Galleria and Safeway in Truckee and Placer County First 5. Don't miss out on this fun day! Information: https://www.facebook.com/events/1646852482309989/ 3 – Fall Fest 11am – 3pm; Free US Forest Service - Mt. Hough Ranger District, Quincy, CA Live music, activities, education, living history and food. Information: 530- 283-7618 7 – Kids Night Out 5-9pm; Northwoods Clubhouse, 11509 Northwoods Boulevard, Tahoe Donner $20 in advance, required at least one day in advance. Space is limited. An evening of games, dinner, arts and crafts, the Friday Night Movie and even a bedtime story at Northwoods Clubhouse. Parents may enjoy a night out while the trained staff looks after your little ones. Information: 530-587-9437 The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter 7- Family Movie Night (weekly) 6:30pm; Free Northwoods Clubhouse, 11509 Northwoods Boulevard, Tahoe Donner Bring a favorite pillow and blanket, kick the feet up, and enjoy both classic and new movies, rated G and PG. Information: Please call the Member Services at (530) 587-9400 to find out what’s playing. 7 - First Fridays 5:30 - 8 pm Historic Downtown Truckee Most of downtown’s unique shops, boutiques, art studios, and eateries will keep their doors open later and offer special promotions, activities, demonstrations, food and beverages, music, and more! Participating shops and restaurants will display First Friday Flags so the public will know where the fun is. Information: www.historictruckee.com 7 - Arts For The Schools presents: Fémina 6:30 – 9:30pm; $5-$45 Community Arts Center, 10046 Church St., Truckee Fémina is a trio of female Argentinean singer-songwriters performing their debut tour in the U.S.! Their show-stopping harmonies mix with cumbia, rumba, reggae, funk and more to create a beautiful (and catchy) sound. Information: https://www.eventbrite.com/e/femina-tickets-27132972451?aff=ehomecard Photo courtesy of Arts for the Schools
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter 8 & 9 – Donner Party Hike Donner Ski Ranch 19320 Donner Pass Rd, Norden, CA Celebrate Truckee’s rich history with a weekend of guided hikes. Reservations are required and include a guided hike, barbeque lunch with music by Richard Blair and afternoon speaker Frank X. Mullen, author of Donner Party Chronicles. Information: http://www.donnerpartyhike.com 8 – Run the Runway 9-11am; starts at $15 Truckee Tahoe Airport, 10356 Truckee Airport Road, Truckee A morning 5K run or “almost 1 mile” run right on the actual runway at Truckee Airport, at elevation 5,900 feet, surrounded by the beauty of Martis Valley’s mountain peaks. Information: http://www.tahoemountainsports.com/events/run-runway-2016 8 - 2016 Oktoberfest & Street Fair 10am – 5pm; Free Main Street, Sierra City, CA Vendors offer an wonderful array of temptations up and down Sierra City's historic Main Street. Don't miss the music, magic, crafts, brauts & sauerkraut, along with fresh squeezed apple cider. Information: 530-862-9009
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
8 – Fall Festival 11am – 5pm; Free Northwoods Clubhouse, 11509 Northwoods Blvd, Truckee Now in its seventh consecutive year, Fall Festival is great for the whole family, featuring a day packed full of seasonally themed activities and events. Informtion: http://www.tahoedonner.com/news/2016/09/20/fall-festival/ 8 – An Evening with Greg Palmer - The Lost Party — Stephens Townsend Murphy 5-7pm; Free Donner Memorial State Park, 12593 Donner Pass Road, Truckee Greg Palmer has years of experience guiding youngsters and history buffs alike in area history. He currently is a docent at Thunderbird Lodge and Donner Memorial State Park. Greg will delight audiences with his gift of story telling about the story of the first wagons that came over the Sierra Nevada. This small wagon party made up of men, women and children became the first pioneers to successfully take their wagons over the first practical wagon route to California, becoming the core of California development Information: http://chamber.truckee.com/events/details/an-evening-with-greg-palmer-3427
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
8 – “Give Hunger the Boot” 6-10pm; $50pp North Tahoe Events Center, Kings Beach, CA A fundraiser for Sierra Senior Services. Give hunger the boot for our elderly while enjoying live music by “JoMama” as you dine, and perusing the silent auction and raffle items. Information: http://sierraseniors.org/ 9 – The Great Trail Race 9am – 3pm; $70 - $160 A new tradition is born embodying the spirit and purpose of The Great Ski Race — spirited competition and fundraising for Tahoe Nordic Search and Rescue. The Great Trail Race follows roughly the same route as The Great Ski Race from Tahoe City to Truckee with one major difference: You choose to run or bike one of two course options, Elite or Classic. Information: http://greattrailrace.com/ 13 & 14 – Truckee’s Haunted Historical Tour 5-10pm; $45pp (must be over 21) Moody’s Bistro Bar & Beats, 10007 Bridge St, Truckee This fun & rowdy guided tour features engaging tales performed by talented characters at six interesting historic sites. It's always a sold out event! Information: http://www.truckeehistorytour.org/ The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
16 – 21st Annual Truckee River Day 9am – 3pm; Free Various locations Sign up for a day of river, meadow and wetland restoration. You will be working side-by-side with other volunteers to plant restoration sites with seedlings and willows, remove invasive vegetation, mulch sensitive areas, and more. Projects start at either 9am or 11am and end between 2-3pm. Information and registration: http://www.truckeeriverwc.org/events-a-programs/truckee-river-day 18 - Arts For The Schools presents: The Cashore Marionettes 6-8pm; $5-$45 Truckee High School, 11725 Donner Pass Rd., Truckee Bring the whole family for a night of spectacularly real puppet mastery, with stories that touch both children and adults alike. Information: http://www.artsfortheschools.org/events.html Photo courtesy of Arts for the Schools
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440
Dickson Realty’s October 2016 Newsletter
29 – Haunted Cadillac Ball 5pm – 12:00am; Dinner $75pp; Raffle $100 Resort at Squaw Creek, 400 Squaw Creek Rd, Olympic Valley, CA A Halloween Party for Truckee-Tahoe's most elegant ghosts and goblins, featuring: Spectacular live entertainment Gourmet buffet dinner Huge silent auction Costume contest with cash prizes Dancing to the witch hour A GRAND PRIZE DRAWING FOR $10,000! All proceeds go to benefit local nonprofit and charitable organizations in the Truckee-Tahoe area. Information: http://cadillacball.com/
The Dickson Truckee Team 11836 Donner Pass Road | Truckee, CA 96161 | 800.541.4440