Truckee / Lake Tahoe Ski Resort Snow Report & Snow Stake

Click on your favorite Ski Resort below to view how much snow has fallen in the past 24-hours:

Alpine Meadows Snow Report

Boreal Mountain Snow Report

Heavenly Ski Resort Snow Report

Homewood Snow Report

Sierra-at-Tahoe Snow Report

Squaw Valley Snow Report

Sugar Bowl Snow Report

Northstar California Snow Stake

Mt. Rose Snow Report

Tahoe Donner Snow Report


Martis Camp Property Prices – Up 6%

Martis Camp Real Estate Property Prices

Martis Camp real estate property prices have risen 6% thru September 30, 2016 vs 2015:

Median Square Footage: 3,837

Median Sale Price: $3,900,000

Median Days on Market: 66



Data obtained from the Tahoe Sierra MLS is believed reliable – verification is recommended.

Tahoe Donner Real Estate Property – Home Prices Rise 5%

Tahoe Donner Real Estate Property for Sale - Statistics

2016 YTD (9/30/16)

  • Median Price – $607,500
  • Median Square Footage – 2,036 sq. ft.
  • Median Days on Market – 31


Data provided by the Tahoe Sierra MLS is believed accurate – verification recommended.

  • For comparison purposes, homes selected were built 2000 to 2010, 2500-3500 sq. ft.

On the Rise – Northstar California Ski Resort Homes

Northstar California Ski Resort Property Sales

Lake Tahoe Area Ski Resort Website Links
















Lake Tahoe area Ski Resort Opening Dates


BOREAL – October 28

DIAMOND PEAK – December 15

DONNER SKI RANCH – Not yet announced

GRANLIBAKKEN – November 16

HEAVENLY – November 18

HOMEWOOD – December 8

KIRKWOOD – November 18

MT. ROSE SKI TAHOE – October 31


SIERRA-AT-TAHOE – Not yet announced

SODA SPRINGS – December 4


SUGAR BOWL – December 10

TAHOE DONNER – December 9

C.A.R. 2017 California Housing Market Forecast

C.A.R. releases its 2017 California Housing Market Forecast

Carnelian Bay Lake Tahoe New Construction Custom Home for Sale

Carnelian Bay Lake Tahoe New Construction Custom Home for Sale

Brand new custom home backing to a very large acreage parcel with many hiking trails out your back door into a
secluded forested setting . Features of this home include cedar siding, open beam vaulted ceiling, solid hickory
floors, custom deco tiles, 8′ alder doors and trim, stainless appliances, large front and back decks, slab
quartzite kitchen counter top, 40 year comp roof, granite exterior and fireplace details. Large rear deck
overlooking a quiet treed setting. Home will be completed by 10/31/16.

Asking: $1,249,000  MLS #: 20162348

Call (530) 448-3308 or email Scott Kennedy to see this Carnelian Bay custom mountain home for sale.

Click here for more information and photos of Carnelian Bay Lake Tahoe real estate property for sale.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Sierra-Tahoe Realty, inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.  This listing courtesy of: CENTURY 21 Tahoe North Realtors.

Tahoe Donner Custom Mountain Home for Sale

Tahoe Donner Custom Mountain Home for Sale

This custom Tahoe Donner home is a masterpiece of mountain living. Substantial describes the timbers, stone, steel and spaces. 2 master suites, and 2 living areas and an office, along with plenty of outdoor entertaining space make it perfect for a group. The timeless kitchen features a massive fridge and granite, and is a great space to entertain as it flows to the great room and rear deck. The master bedroom and bath create a perfect retreat, and it’s all just a 5 minute walk to the Trout Creek amenities.

Asking: $1,290,000  MLS #: 20162452

Call (530) 448-3308 or email Scott Kennedy to see this Tahoe Donner custom mountain home for sale.

Click here for more information and photos of Tahoe Donner real estate property for sale.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Sierra-Tahoe Realty, inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.  This listing courtesy of: Coldwell Banker.

Vail Resorts and Whistler Blackcomb Agree To Strategic Combination

08 August 2016
  • Vail Resorts is committed to the growth, expansion and development of the Whistler Blackcomb experience and continued investment in the community
  • Whistler Blackcomb will maintain its unique brand and character with strong local Canadian leadership
BROOMFIELD, Colo. and WHISTLER, British Columbia, Aug. 8, 2016—Vail Resorts, Inc. (NYSE: MTN) (“Vail Resorts”) and Whistler Blackcomb Holdings, Inc. (TSX: WB) (“Whistler Blackcomb”) today announced that they have entered into a strategic business combination joining Whistler Blackcomb with Vail Resorts. Under the transaction, Vail Resorts would acquire 100 percent of the stock of Whistler Blackcomb, whose shareholders would receive C$17.50 per share in cash and 0.0975 shares of Vail Resorts common stock, for consideration having a total value of C$36.00 per share.  The share exchange ratio is based upon closing stock prices and currency exchange rates as of August 5, 2016 and is subject to a currency exchange rate adjustment, as described below.

“Combining Whistler Blackcomb with Vail Resorts’ portfolio of outstanding resorts provides Whistler Blackcomb with increased financial strength, marketing exposure, guest relationships and broadens the geographic diversity of our company with resorts across the United States, as well as in Australia and Canada. This relationship will bring greater resources to support our current operations and our ambitious growth plans, including the Renaissance project, the most exciting and transformative investment in Whistler Blackcomb’s history,” said Dave Brownlie, Whistler Blackcomb’s chief executive officer.

“Whistler Blackcomb is one of the most iconic mountain resorts in the world with an incredible history, passionate employees and a strong community. With our combined experience and expertise, together we will build upon the guest experience at Whistler Blackcomb while preserving the unique brand and character of the resort as an iconic Canadian destination for guests around the world. We are delighted to add such a renowned resort to Vail Resorts and look forward to expanding our relationships in the Sea-to-Sky community, British Columbia and Canada,” said Rob Katz, chairman and chief executive officer of Vail Resorts.

Mr. Brownlie added, “As the number one ranked and most visited resort in North America, Whistler Blackcomb has enjoyed tremendous success by delivering an exceptional mountain experience for our passionate and loyal guests — both locally and from around the world.  That’s going to continue as we work with our new colleagues at Vail Resorts as well as our employees, local businesses, community and government stakeholders to make Whistler Blackcomb better than ever. We will also continue our discussions with the Squamish and Lil’wat First Nations, on whose traditional lands we operate, regarding a business partnership that will benefit our communities, our province and our company for decades to come. Our board of directors has also been monitoring the unique challenges facing the broader ski industry due to the unpredictability of year-to-year regional weather patterns. Whistler Blackcomb, with its unprecedented acreage of high alpine terrain and Glacier bowls, is well positioned, but by no means immune to these challenges. Partnering with the geographically diversified Vail Resorts and extending its successful Epic Pass products to Whistler Blackcomb are customer-focused ways of securing the long-term future of our resort, our industry and our community.”

Whistler Blackcomb will nominate one member of its board to the Vail Resorts board of directors, and Dave Brownlie will continue leading Whistler Blackcomb as the resort’s chief operating officer and will become a member of the senior leadership team of Vail Resorts’ mountain division.

Supporting the Whistler Blackcomb Experience
Upon completion of this transaction, Vail Resorts is committed to continuing Whistler Blackcomb’s success and building on its strengths, including further investment in the resort and the community:

  • Support for Master Development Agreements with local First Nations. Vail Resorts recognizes that Whistler Blackcomb is in the Squamish and Lil’wat First Nations’ traditional territories and will support and continue the ongoing efforts to negotiate the renewal of Whistler Blackcomb’s Master Development Agreements with significant long-term benefits to the Squamish and Lil’wat First Nations, the Province of British Columbia and the Resort Municipality of Whistler.
  • Local leadership. Whistler Blackcomb will continue to have principally local Canadian leadership, with critical day-to-day mountain operations residing at the resort, including ongoing primary responsibility for relationships with the local community, governments and First Nations.
  • Maintain local employment. Vail Resorts intends to retain the vast majority of Whistler Blackcomb employees, while only impacting a few select areas where there may be duplication in corporate functions. This transaction will not change the day-to-day operations at the resort, community engagement or the input of local management in shaping Whistler Blackcomb’s future.
  • Investment in the resort experience. Vail Resorts will invest substantially in Whistler Blackcomb’s mountain infrastructure and growth plans, including continuing to build community and stakeholder support for the recently announcedRenaissance project, a transformational investment which will diversify the local tourism economy; provide new four-season, weather-independent activities; and elevate Whistler Blackcomb’s core skiing, mountain biking and sightseeing experiences for decades to come.
  • Common values on community and environmental sustainability. Consistent with Vail Resorts’ core values, Whistler Blackcomb will continue its community involvement through the Whistler Blackcomb Foundation as well as its significant environmental and sustainability commitments. Vail Resorts also will support Whistler Blackcomb’s continued engagement with organizations such as Tourism Whistler, Destination BC, Canada West Ski Areas Association, and the Whistler Chamber of Commerce.

Katz continued, “We look forward to working with Dave and the entire Whistler Blackcomb team as we support their efforts to continue the great progress that has made Whistler Blackcomb the world-renowned resort it is today. We are excited about what this transaction means for guests and look forward to providing access to the resort for our season pass holders around the world.”

Season Passes
For the full 2016-17 winter season, Whistler Blackcomb will continue to honor the resort’s existing season pass products. Vail Resorts looks forward to integrating Whistler Blackcomb into its Epic Season Pass and other season pass products for the 2017-18 winter season.

Additional Transaction Details
The transaction has been unanimously approved by the Whistler Blackcomb board of directors, and shareholders representing 25 percent of Whistler Blackcomb’s common shares have entered into voting support agreements in connection with the transaction.  The transaction has also been unanimously approved by the Vail Resorts board of directors.

The aggregate cash component of the offer is estimated to be C$676 million (USD$513 million) which Vail Resorts intends to finance through an expansion of its existing credit facility. The aggregate stock component of the offer is estimated to be C$715 million (USD$543 million), based on closing stock prices and exchange rates as of August 5, 2016. The stock component is determined by a baseline share exchange ratio of 0.0998 shares of Vail Resorts common stock and is adjusted for currency exchange rate changes if the Canadian dollar is above or below USD$0.7765 six business days before the closing of the transaction. As of August 5, 2016, the exchange ratio is 0.0975 shares of Vail Resorts common stock. Whistler Blackcomb shareholders that are Canadian residents for tax purposes will be able to elect to receive for each Whistler Blackcomb share an equivalent exchange ratio of shares in a Canadian subsidiary of Vail Resorts instead of the Vail Resorts shares to which they would otherwise be entitled. Each whole exchangeable share will be exchangeable into one Vail Resorts share.

Upon closing of the transaction, Whistler Blackcomb shareholders collectively will own approximately 10 percent of Vail Resorts outstanding common stock. Whistler Blackcomb owns 75 percent of the partnerships that operate the resort and those partnerships had debt outstanding as of March 31, 2016 of C$171 million, or USD$132 million, which will be assumed or refinanced as part of the transaction. For the 12 months ended March 31, 2016, Whistler Blackcomb had Adjusted EBITDA of C$123 million, or USD$90 million. Vail Resorts believes if the transaction closes before December 31, 2016, the estimated incremental Resort Reported EBITDA from the acquisition in its fiscal 2018 would be approximately USD$129 million, or C$170 million, with the vast majority of the projected growth coming from additional revenue at both Whistler Blackcomb and its other resorts and a smaller portion of the projected growth coming from cost reductions, with additional upside from the transaction in future years.

Whistler Blackcomb’s 25-year relationship with Nippon Cable will be unaffected and will continue after the closing of the transaction.

The transaction is structured as an arrangement under the Business Corporations Act (British Columbia) and is subject to customary closing conditions, including approval by Whistler Blackcomb shareholders and the BC Supreme Court and regulatory approvals including approval under the Investment Canada Act and under the Competition Act Canada. Whistler Blackcomb is subject to customary non-solicitation provisions under the arrangement agreement. The agreement also includes a termination fee and reverse termination fee payable in certain circumstances.

Further information regarding the transaction will be included in an information circular to be mailed to Whistler Blackcomb shareholders. The transaction is expected to close in fall 2016.

Greenhill & Co. is serving as financial advisor to Whistler Blackcomb and has delivered a fairness opinion to its board of directors that the consideration to be received by the Whistler Blackcomb shareholders is fair from a financial point of view.

Stikeman Elliott LLP and Gibson Dunn & Crutcher LLP are serving as legal counsel to Vail Resorts. Osler, Hoskin & Harcourt LLP is serving as legal counsel to Whistler Blackcomb, and Farris, Vaughan, Wills & Murphy LLP is serving as legal counsel to Whistler Blackcomb’s special committee of the board of directors.

Vail Resorts and Whistler Blackcomb Investor Calls
Vail Resorts and Whistler Blackcomb will each host an investment community conference call today (August 8, 2016). Callers are advised to dial in 5–10 minutes prior to the start time and ask to join the call. Media is welcome to listen to the calls, but questions will be restricted to the investment community.

Whistler Blackcomb investment community conference call: 6:30 a.m. Pacific / 7:30 a.m. Mountain / 9:30 a.m. Eastern
Canada/USA Toll Free: 1-800-319-4610
International Toll Free: +1-604-638-5340

The call will be available for replay for one month via the following access information:
Canada/USA Toll Free: 1-855-669-9658
Replay Access Code: 0724

Vail Resorts investment community conference call: 7:30 a.m. Pacific / 8:30 a.m. Mountain / 10:30 a.m. Eastern
Canada/USA Toll Free: 1-888-428-9473
International Toll Free: +1-719-457-2634

Presentation slides and a webcast of the call can be accessed at in the Investor Relations section. A replay of the conference call will be available two hours following the conclusion of the conference call through August 22, 2016, at 1:30 p.m. eastern time. To access the replay, dial (888) 203-1112 (U.S. and Canada) or (719) 457-0820 (international), pass code 6830877. The conference call also will be archived at

About Whistler Blackcomb (TSX: WB)
North America’s premier four-season mountain resort, located in the coastal mountains of British Columbia, Canada, Whistler Mountain and Blackcomb Mountain are two side-by-side mountains connected by the world record-breaking PEAK 2 PEAK Gondola, which combined offer more than 200 trails, over 8,000 acres of terrain, 14 alpine bowls and three glaciers. The resort receives on average more than 465 inches (1,180 centimeters) of snow annually, and offers one of the longest ski seasons in North America. In summer, Whistler Blackcomb offers a variety of activities, including hiking and biking trails, the Whistler Mountain Bike Park, and sightseeing on the PEAK 2 PEAK Gondola. Whistler Blackcomb has been named the #1 ski resort in North America by SKI Magazine in three out of the past four years.

About Vail Resorts, Inc. (NYSE: MTN)
Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts’ subsidiaries operate nine world-class mountain resorts and three urban ski areas, including Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Perisher in Australia; Wilmot Mountain in Wisconsin; Afton Alps in Minnesota and Mt. Brighton in Michigan. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is and consumer website is

Forward-Looking Statements
Statements in this press release and the associated conference call and webcast, other than statements of historical information, are forward looking statements, including our expectations regarding our fiscal 2018 incremental Resort Reported EBITDA and the timing regarding closing of the transaction. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include but are not limited to financing of the transaction; whether a transaction will be consummated, including the ability and timing to obtain required regulatory approvals and approval by Whistler Blackcomb shareholders, and to satisfy other closing conditions; prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries; unfavorable weather conditions or natural disasters; willingness of our guests to travel due to terrorism, the uncertainty of military conflicts or outbreaks of contagious diseases, and the cost and availability of travel options; adverse events that occur during our peak operating periods combined with the seasonality of our business; competition in our mountain and lodging businesses; high fixed cost structure of our business; our ability to fund resort capital expenditures;  our reliance on government permits or approvals for our use of public land or to make operational and capital improvements; risks related to federal, state, local and foreign government laws, rules and regulations; risks related to our reliance on information technology; our failure to maintain the integrity of our customer or employee data; adverse consequences of current or future legal claims; a deterioration in the quality or reputation of our brands, including from the risk of accidents at our mountain resorts; our ability to hire and retain a sufficient seasonal workforce; risks related to our workforce, including increased labor costs; loss of key personnel; our ability to successfully integrate acquired businesses, including Whistler Blackcomb and Park City or future acquisitions; our ability to realize anticipated benefits from Whistler Blackcomb, Park City or future acquisitions; fluctuations in foreign currency exchange rates; impairments or write downs of our assets; changes in accounting estimates and judgments, accounting principles, policies or guidelines; a materially adverse change in our financial condition; and other risks detailed in Vail Resorts’ filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Vail Resorts’ Annual Report on Form 10-K for the fiscal year ended July 31, 2015 and in Whistler Blackcomb’s filings with the Canadian Securities Administrators, including the “Risk Factors” section of Whistler Blackcomb’s Annual Information Form for the fiscal year ended September 30, 2015. 

All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law.

Statement Concerning Vail Resorts Non-GAAP Financial Measures
This news release includes the estimated incremental Resort Reported EBITDA impact from Whistler Blackcomb. Resort Reported EBITDA, which represents the sum of Mountain and Lodging Reported EBITDA, is a non-GAAP financial measure used by Vail Resorts, which we define as segment net revenue less segment operating expense plus or minus segment equity investment income or loss. Resort Reported EBITDA may not be comparable to similarly titled measures of other companies and should not be considered in isolation or an alternative to, or substitute for, measures of financial performance or liquidity prepared in accordance with US GAAP. We refer you to Vail Resorts’ periodic reports filed with the SEC for further information regarding Vail Resorts’ use of this Non-GAAP financial measure and a reconciliation of Vail Resorts’ historical Resort Reported EBITDA to its US GAAP results.

Statement Concerning Whistler Blackcomb Non-GAAP Financial Measures
Adjusted EBITDA is not a measure defined by Canadian generally accepted accounting principles, or GAAP.  This non-GAAP measure does not have a standard meaning and is therefore unlikely to be comparable to similar measures presented by other companies. Adjusted EBITDA is defined as consolidated net earnings (including net earnings attributable to the 25% non-controlling interest) before interest, taxes, depreciation and amortization, as well as items that Whistler Blackcomb’s management does not consider part of Whistler Blackcomb’s normal operations, examples of which include significant non-cash gains or losses on disposal of property, buildings and equipment, acquisition or disposal expenses and gains or losses or restructuring expenses relating to acquisitions or disposals of businesses, impairment, restructuring or refinancing charges and reversals and other significant event driven amounts as applicable. Adjusted EBITDA is provided as additional information to complement GAAP measures, as defined by International Financial Reporting Standards (IFRS), and to further understand Whistler Blackcomb’s results of operations. The closest GAAP measure is revenue and a reconciliation is provided in Whistler Blackcomb’s most recent Management’s Discussion and Analysis.

Statements Regarding Currency Exchange Rates
References to U.S. dollars when discussing Whistler Blackcomb’s debt outstanding are based on currency exchange rates as of March 31, 2016. References to U.S. dollars when discussing Whistler Blackcomb’s Adjusted EBITDA are based on the average of currency exchange rates during the 12 months ended March 31, 2016.  References to U.S. dollars when discussing the aggregate cash and stock components of the offer as well as Vail Resorts’ estimated incremental Resort Reported EBITDA are based upon currency exchange rates as of August 5, 2016.

July Marked a Big Month for Housing

The housing market heated up in July, with several factors favoring buyers this summer.

Jonathan Smoke,®’s chief economist, says these factors have made this summer one of the best in a decade: we’re seeing the highest consumer confidence for a July since 2007, we’ve also had the highest nominal home prices for a July on record, and we’ve had the lowest July mortgage rates on record.

Millennials, aged 25 to 34, picked up their presence on the market this summer too.® reports that last July 75 percent of its 25- to 34-year-old users were looking to purchase a home. Fast-forward to July 2016, that percentage has bloomed to 81 percent.

Buyers are finding a few more choices later in the summer: There are 1 percent more homes for sale in July compared with June.

But hurdles do remain for buyers this summer: It’s tougher to get approved for a mortgage than last year, Smoke notes. In July 2015, 5 percent of first-time buyers reported that qualifying for a mortgage was a significant hurdle. This July, that percentage has increased to 9 percent, Smoke reports.

Also, repeat buyers say their major challenge is finding a home to buy. The share of repeat buyers who say “finding a home” is a problem rose to 25 percent this July,® reports.

“The good news for would-be buyers who have struggled to find a home or have been outbid in prior attempts is that the balance of power shifts a bit more in your favor in late summer and fall,” Smoke writes in his column at®. “This is the time of the year when sales slow down, but inventory is at its peak. That means there are more homes for sale per buyer now, and yet mortgage rates remain close to their all-time lows. The window to enjoy the best summer in a decade for real estate remains open for the well-qualified and those ready to act.”

Source: “Finally, a July to Remember – and to Buy a Home,”® (Aug. 4, 2016)

Visitors Treated to New Upgrades at Tahoe Donner Equestrian Center

Click here to view the Press Release for New Upgrades at Tahoe Donner Equestrian Center

Mortgage Rates Inch Up Slightly This Week

Mortgage rates across the board ticked up this week, but still hover near historical lows.

“Post-Brexit volatility tapered off over the last two weeks, allowing interest rates to bounce back a bit from their record (10-year Treasury yield) and near-record (30-year mortgage rate) lows,” says Sean Becketti, Freddie Mac’s chief economist. “This week, the 30-year fixed mortgage rate increased 3 basis points to a still-quite-low 3.45 percent. With the Federal Reserve on hold and the UK monetary authority taking at least a one-month breather, we don’t expect any significant movement in mortgage rates in the near-term. This summer remains an auspicious time to buy a home or to refinance an existing mortgage.”

Freddie Mac reports the following national averages with mortgage rates for the week ending July 21:

  • 30-year fixed-rate mortgages: averaged 3.45 percent, with an average 0.5 point, rising from last week’s 3.42 percent average. Last year a this time, 30-year rates averaged 4.04 percent.
  • 15-year fixed-rate mortgages: averaged 2.75 percent, with an average 0.5 point, rising from last week’s 2.72 percent average. A year ago, 15-year rates averaged 3.21 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.78 percent, with an average 0.5 point, climbing from a 2.76 percent average last week. A year ago, 5-year ARMs averaged 2.97 percent.

Source: Freddie Mac

California home sales up double-digits monthly for first time since 2011

LOS ANGELES (July 18) – After a couple months of lackluster growth in transaction volume, California existing home sales rose to their highest level in nearly four years in June, as sales  surpassed the 400,000 mark for the fourth consecutive month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 450,960 units in June, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2016 if sales maintained the June pace throughout the year.  It is adjusted to account for seasonal factors that typically influence home sales.

The June figure was up 10 percent from the revised 409,840 level in May and up 2.2 percent compared with home sales in June 2015 of 441,450 (revised). The month-to-month increase was the first double-digit monthly gain since January 2011 when sales of existing homes rose 11.3 percent from December 2010.

“Market conditions suggest that demand for housing will remain steady through the rest of the summer,” said C.A.R. President Pat “Ziggy” Zicarelli. “However, inventory is still tight, especially at the low end of the market, and this keeps competition for those homes at an extremely high level.  The recent march of mortgage rates to ever lower levels will also add to the strong demand for entry-level homes.”

Rising demand combined with tight supply kept upward pressure on prices in June. The median price of an existing, single-family detached California home increased 5.5 percent in June to $519,440 from $492,320 in June 2015. June’s median price was 0.1 percent lower than the revised $519,750 recorded in May 2016. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.

“The annual gain in the median home price is being driven by more sales at the mid-segment housing market, which comprise at least half of the overall demand,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “Price growth appears to be cooling somewhat in San Francisco, where the 3.2 percent increase was less than the statewide gain of 5.5 percent.”

Other key points from C.A.R.’s June 2016 resale housing report include:

  • C.A.R.’s Unsold Inventory Index, which indicates the number of months needed to sell the supply of homes on the market at the current sales rate, dipped slightly to 3.2 months in June from 3.4 months in May. The index stood at 3.2 months in June 2015. At the state level, there were 2.6 percent fewer homes available for sale in June compared with a year earlier. The long-run average home supply is 6.1 months, indicating inventory levels are running at roughly 60 percent of normal.
  • The median number of days it took to sell a single-family home dipped slightly in June to 27.1 days, compared with 27.3 days in May and 28 days in June 2015.
  • According to C.A.R.’s sales-to-list price ratio*, tight inventories also appear to be driving final sales prices closer to listing prices, with sales prices slightly decreasing to 99.6 percent of listing prices statewide in June from 99.7 percent in May.
  • The average price per square foot** for an existing, single-family home statewide was $247 in June 2016, down from $248 in May but up from $237 in June 2015.
  • San Francisco County had the highest price per square foot in June at $837/sq. ft., followed by San Mateo ($793/sq. ft.), and Marin ($633/sq. ft.). Counties with the lowest price per square foot in June include Siskiyou ($122/sq. ft.), Tulare ($126/sq. ft.), and Kern and Kings ($131/sq. ft.).
  • Mortgage rates are expected to remain low in the foreseeable future due to global economic uncertainty. Mortgage rates declined in June, with the 30-year, fixed-mortgage interest rate averaging 3.57 percent, compared with 3.60 percent in May and 3.98 percent in June 2015, according to Freddie Mac.  Adjustable-rate mortgage interest rates slipped in June to an average of 2.78 percent, a decline from 2.81 percent in May and 2.99 percent in June 2015.

Graphics (click links to open):
June sales at-a-glance infographic.
Calif. existing home sales historical.
Share of sales by price range.
Historical condo sales.
CA sales to list price ratio.
CA price per square foot.

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only.  County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  The change in median prices should not be construed as actual price changes in specific homes.

*Sales-to-list price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions.  The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage.  A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property.  It is calculated as the sale price of the home divided by the number of finished square feet.  C.A.R. currently tracks price-per-square foot statistics for 38 counties.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® ( is one of the largest state trade organizations in the United States with 185,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

June 2016 County Sales and Price Activity
Regional and condo sales data not seasonally adjusted

June-16 Median Sold Price of Existing Single-Family Homes Sales
State/Region/County Jun-16 May-16   Jun-15   MTM% Chg YTY% Chg MTM% Chg YTY% Chg
CA SFH (SAAR) $519,440 $519,750 r $492,320 r -0.1% 5.5% 10.0% 2.2%
CA Condo/Townhomes $413,110 $411,340 r $393,900 r 0.4% 4.9% 7.7% -0.1%
Los Angeles Metropolitan Area $477,230 $471,860 r $449,530 r 1.1% 6.2% 7.7% 1.9%
Inland Empire $319,100 $315,980 $297,230 1.0% 7.4% 8.3% 2.5%
S.F. Bay Area $841,960 $848,580 $748,340 -0.8% 12.5% 9.2% -6.9%
S.F. Bay Area                  
Alameda $803,000 $828,000 r $750,000 r -3.0% 7.1% 9.6% -11.8%
Contra-Costa $625,000 $595,000 r $555,000 r 5.0% 12.6% 9.6% -10.9%
Marin $1,218,500 $1,237,500 r $1,105,000 r -1.5% 10.3% 4.5% 10.9%
Napa $619,000 $645,771 r $609,000 r -4.1% 1.6% 31.7% 9.6%
San Francisco $1,350,000 $1,360,000 r $1,308,500 r -0.7% 3.2% 22.0% 11.0%
San Mateo $1,306,250 $1,392,500 r $1,300,000 -6.2% 0.5% 9.3% 2.1%
Santa Clara $1,050,000 $1,100,000 $990,000 -4.5% 6.1% 4.7% -4.0%
Solano $390,000 $385,500 r $353,000 r 1.2% 10.5% 13.1% -14.5%
Sonoma $608,000 $580,000 r $545,000 r 4.8% 11.6% 5.7% -10.7%
Southern California
Los Angeles $502,190 $467,290 r $473,290 r 7.5% 6.1% 6.9% 1.2%
Orange $759,490 $735,910 $716,730 3.2% 6.0% 4.3% -0.5%
Riverside $357,810 $353,900 $337,380 1.1% 6.1% 8.1% 4.4%
San Bernardino $245,220 $245,080 $231,300 0.1% 6.0% 8.6% -0.7%
San Diego $594,430 $591,800 $569,530 0.4% 4.4% 3.7% -4.4%
Ventura $674,310 $631,140 $634,190 6.8% 6.3% 17.8% 9.0%
Central Coast
Monterey $537,000 $540,000 $485,000 -0.6% 10.7% 20.9% 7.5%
San Luis Obispo $529,480 $558,750 $534,650 -5.2% -1.0% 17.0% 8.9%
Santa Barbara $742,000 $689,000 r $735,000 r 7.7% 1.0% -4.2% 2.2%
Santa Cruz $800,000 $800,000 $726,000 0.0% 10.2% -1.2% -27.0%
Central Valley
Fresno $242,240 $231,370 $223,150 4.7% 8.6% 14.0% 10.1%
Glenn $205,560 $176,670 $253,120 16.4% -18.8% 136.4% 73.3%
Kern $238,400 $226,800 $219,330 r 5.1% 8.7% 9.2% -1.7%
Kings $211,110 $216,410 $195,380 -2.4% 8.1% -16.5% -20.4%
Madera $234,720 $214,290 $199,000 9.5% 17.9% 12.5% 52.8%
Merced $207,580 $220,690 $206,080 -5.9% 0.7% 22.6% 12.6%
Placer $444,590 $433,140 $402,870 2.6% 10.4% 16.8% 0.5%
Sacramento $332,580 $323,000 $295,310 3.0% 12.6% 12.6% 1.0%
San Benito $511,500 $479,000 $479,000 6.8% 6.8% 40.4% 24.5%
San Joaquin $313,810 $319,190 $296,030 -1.7% 6.0% 7.2% -1.9%
Stanislaus $279,170 $267,000 $249,670 4.6% 11.8% 16.7% 0.5%
Tulare $211,820 $205,260 $194,170 3.2% 9.1% 2.3% 8.9%
Other Counties in California
Amador $320,590 $277,270 $256,250 15.6% 25.1% 15.9% 2.0%
Butte $277,980 $275,000 $253,660 1.1% 9.6% -4.9% -3.5%
Calaveras $325,760 $290,380 $256,580 12.2% 27.0% 10.6% 11.7%
Del Norte $200,000 $190,000 $212,500 5.3% -5.9% 18.2% 18.2%
El Dorado $468,380 $437,880 $410,320 7.0% 14.1% 10.2% 18.7%
Humboldt $285,580 $270,590 $273,280 5.5% 4.5% 14.7% 13.6%
Lake $259,720 $244,230 $211,670 6.3% 22.7% 20.3% -25.2%
Mariposa $268,750 $275,000 $281,250 -2.3% -4.4% 11.8% 26.7%
Mendocino $350,000 $330,000 r $305,100 r 6.1% 14.7% 20.0% 20.0%
Nevada $355,740 $358,140 $341,300 -0.7% 4.2% 40.4% 15.9%
Plumas $278,120 $225,000 $300,000 23.6% -7.3% 52.2% -7.9%
Shasta $243,670 $230,500 $235,170 5.7% 3.6% 13.1% 20.6%
Siskiyou $215,620 $174,000 $152,860 23.9% 41.1% -4.9% 11.4%
Sutter $253,570 $240,520 $236,000 5.4% 7.4% 39.0% 30.5%
Tehama $237,500 $175,710 $200,000 35.2% 18.8% 4.9% 13.2%
Tuolumne $245,240 $246,670 $248,610 -0.6% -1.4% 9.1% -4.0%
Yolo $398,980 $392,860 $393,590 1.6% 1.4% 5.8% 19.9%
Yuba $256,250 $216,250 $226,320 18.5% 13.2% 2.3% 6.0%

r = revised

June 2016 County Unsold Inventory and Time on Market
(Regional and condo sales data not seasonally adjusted)

June-16 Unsold Inventory Index Median Time on Market
State/Region/County Jun-16 May-16   Jun-15   Jun-16 May-16   Jun-15  
CA SFH (SAAR) 3.2 3.4 3.2 r 27.1 27.3 28.0 r
CA Condo/Townhomes 2.6 2.8 2.6 r 27.3 27.3 27.6 r
Los Angeles Metropolitan Area 3.5 3.8 r 3.6 44.1 45.1 r 45.6 r
Inland Empire 3.7 4.2 r 3.8 45.2 46.7 r 50.1
S.F. Bay Area 2.3 2.4 1.7 21.1 20.2 r 21.0 r
S.F. Bay Area
Alameda 2.1 2.2 1.4 r 17.7 17.5 17.5 r
Contra-Costa 2.2 2.4 0.9 r 19.0 18.0 19.1 r
Marin 2.5 2.8 2.6 r 27.7 25.2 29.6 r
Napa 3.9 5.0 4.2 47.5 42.0 46.4 r
San Francisco 2.0 2.5 1.7 24.3 21.1 20.8
San Mateo 1.9 2.0 1.5 18.3 17.8 18.2
Santa Clara 2.0 2.1 1.7 18.6 17.9 17.9
Solano 2.7 2.9 r 2.4 r 34.1 34.3 42.7 r
Sonoma 3.1 3.2 2.8 r 41.5 40.8 42.0 r
Southern California
Los Angeles 3.3 3.6 3.4 38.8 40.5 39.9
Orange 3.6 3.6 3.4 50.5 49.0 48.2
Riverside 3.6 4.1 3.7 48.9 50.7 53.8
San Bernardino 3.9 4.2 4.1 37.1 38.2 43.3
San Diego 3.1 3.1 3.2 21.4 22.1 22.7
Ventura 3.8 3.8 3.7 50.4 51.4 51.2
Central Coast
Monterey 3.6 3.9 3.7 24.9 24.8 26.2
San Luis Obispo 3.9 4.4 4.4 27.7 25.9 25.8
Santa Barbara 4.5 4.4 3.9 r 32.5 28.8 24.3 r
Santa Cruz 3.4 3.0 2.5 20.5 22.4 21.1
Central Valley
Fresno 3.3 3.8 4.0 25.1 25.8 25.6
Glenn 3.2 6.8 5.3 41.9 20.9 28.2
Kern 3.3 3.7 3.6 r 26.1 26.4 24.0 r
Kings 3.2 2.9 3.1 25.9 25.5 29.0
Madera 4.9 5.3 8.8 62.0 57.1 70.3
Merced 2.7 3.5 3.8 25.2 39.0 32.4
Placer 2.6 3.0 2.7 20.8 21.1 22.3
Sacramento 2.4 2.5 2.5 18.7 18.9 20.0
San Benito 2.5 3.8 2.2 25.5 19.9 31.0
San Joaquin 2.7 2.6 2.7 21.3 20.9 23.2
Stanislaus 2.6 2.9 2.8 20.3 22.0 23.1
Tulare 3.3 3.6 3.9 28.2 28.6 28.8
Other Counties in California
Amador 5.0 5.8 4.9 24.1 28.7 39.7
Butte 3.4 3.0 r 3.5 27.4 25.3 r 31.0
Calaveras 5.3 5.8 6.9 44.0 33.8 48.0
Del Norte 5.8 6.9 7.6 100.7 91.0 105.5
El Dorado 3.9 4.1 5.1 27.8 29.0 33.4
Humboldt 3.9 4.2 5.5 23.3 25.2 39.2
Lake 6.0 7.2 4.7 66.6 75.5 65.6
Mariposa 5.1 6.1 8.4 115.2 86.4 115.2
Mendocino 5.6 6.8 6.6 r 56.1 50.8 61.0 r
Nevada 3.5 4.8 4.3 22.9 29.5 25.4
Plumas 12.7 17.7 12.4 75.5 71.9 123.8
Shasta 4.1 4.7 5.3 28.2 36.4 29.2 r
Siskiyou 8.2 7.1 11.7 45.5 48.7 53.8
Sutter 2.0 2.8 2.8 24.5 27.0 27.4
Tehama 5.3 5.6 6.6 55.7 58.6 47.1 r
Tuolumne 6.6 7.0 5.9 38.3 25.7 22.4
Yolo 2.5 2.5 2.8 20.3 19.0 22.1
Yuba 2.6 2.5 3.2 19.4 22.4 24.9

r = revised

Source: California Association of Realtors

Tahoe Donner Beautiful Chalet for Sale

Tahoe Donner Chalet for Sale

Located near the new Adventure Center is this beautiful chalet style home. 3 bedroom, 2 bath home with a separate laundry room, 2-car garage and an
unfinished storage space. Spacious great room. Large main suite. Stainless steel appliances. Two decks and a beautiful private patio with a gas firepit
merge the indoor and outdoor spaces. $35,000 photo-voltaic array has been paid for and provides free electricity. Information deemed reliable, but not guaranteed. Please verify.

Asking: $599,000  MLS #: 20162165

Call (530) 448-3308 or email Scott Kennedy to see this Tahoe Donner custom home for sale.

Click here for more information and photos of Tahoe Donner real estate property for sale.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Sierra-Tahoe Realty, inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.  This listing courtesy of: Dickson Realty.

Tahoe Donner Custom Home for Sale

Tahoe Donner Custom Home for Sale

Fabulous custom home, located on eastern edge of Tahoe Donner offering stunning views of the Carson Range & Mt Rose. Ideal floor plan w/great room & master suite on main level both facing east with mountain views. Home offers so many options for extended or multiple families. Second master suite is on mid level as well as rec/family room with access to hot tub & huge workshop/bonus room. Third level offers additional living space with 5th bedroom, wet bar, deck & separate entrance. Trail access out backdoor.

Asking: $989,000  MLS #: 20162170

Call (530) 448-3308 or email Scott Kennedy to see this Tahoe Donner custom home for sale.

Click here for more information and photos of Tahoe Donner real estate property for sale.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Sierra-Tahoe Realty, inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.  This listing courtesy of: Coldwell Banker NO.CA.-TD.

Brexit Hurts the Economy but Could Benefit the Housing Market

Treasury Yield 2016-07

On June 23, 2016, British voters decided that it was about time for the United Kingdom (U.K.) to break loose from the European Union (E.U.), as they voted 52 percent to 48 percent in favor of leaving the E.U. Global financial markets reacted violently to the “Brexit” decision, with the Dow Jones, S&P, and Nasdaq indices all tumbled 3.4 percent or more on the day the voting results surfaced.

Pound to dollar exchange rate also dropped sharply after the breaking news. In just a few hours overnight, as the “Leave” campaign gained momentum, the British pound to U.S. dollar rate hit 1.33, reaching the lowest level not seen since 1985. For US travelers going to the U.K. for vacation, that’s good news. The drop in the value of the currency means more bucks for your pounds when you are on vacation. But this is bad news for exports from the U.S. to the U.K., as Britons now need to pay more for the same American products, which could mean fewer goods being sold to the U.K. in the near future.

This direct effect on U.S. exports, however, appears to be rather limited, as the U.K. accounted for less than 4 percent of American exports of goods in 2015, which is equivalent to only 0.4 percent of U.S. GDP. The direct economic impact on the U.S. economy would be miniscule, even if the U.K. economy slipped into recession. The more significant damages, however, could be coming from indirect effects. The panic selling in financial markets around the globe was due primarily to uncertainty about the economic conditions of the U.K., the E.U., and the U.S. The health of the U.K. will take a hit in the upcoming quarters, as existing trade agreements with the E.U. and other countries started being questioned, while business investments to the country will be put on hold due to lack of clarity and confidence in the economic and political environment.

The housing market could benefit from the Brexit outcome though. Treasury prices soared as investors flocked to the perceived safe haven of government bonds amid a global stock selloff after the U.K. voted in favor of leaving the E.U. The yield on 10-year Treasury note ended down 16.4 basis points to 1.58 percent and the 30-year yield fell 13.1 basis points to 2.43 percent. This is good news for homebuyers as mortgage rates follow the same movement of the long-term Treasury yield. Rates were expected to remain near 4 percent for the rest of the year before the Brexit vote, but the latest development could potentially push rates further down to levels last seen in 2012. Brexit also pretty much slammed the door shut for any Fed rate hike this year, as tight financial conditions resulting from the meltdown in equity markets could decelerate economic growth in the U.S., as well as many economies overseas.


Mortgage Rates Touch New 2016 Lows

In the wake of the Brexit vote, the yield on the 10-year U.S. Treasury bond plummeted 24 basis points. The 30-year mortgage rate declined as well, but not by as much, falling 8 basis points to 3.48 percent. This week’s survey rate is the lowest since May 2013 and only 17 basis points above the all-time low recorded in November 2012. This extremely low mortgage rate should support solid home sales and refinancing volume this summer.

  • 30-year fixed-rate mortgage (FRM) averaged 3.48 percent with an average 0.5 point for the week ending June 30, 2016, down from last week when it averaged 3.56 percent. A year ago at this time, the 30-year FRM averaged 4.08 percent.
  • 15-year FRM this week averaged 2.78 percent with an average 0.4 point, down from last week when it averaged 2.83 percent. A year ago at this time, the 15-year FRM averaged 3.24 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.70 percent this week with an average 0.5 point, down from last week when it averaged 2.74 percent. A year ago, the 5-year ARM averaged 2.99.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

PMMS Graph
Source: FreddieMac

Alpine Meadows Timber-Frame Lodge – Backs to USFS Open Space

Alpine Meadows Ski Property for Sale

Step into mountain elegance in this magnificent timber-frame lodge. Backing to USFS and numerous trails, hike to the PCT from your backdoor or ski home via Alpine Meadows side country and directly into the hot tub! A woodworking masterpiece with clear fir hand-milled doors and trim, hydronic-heated flooring throughout, a spacious chef’s kitchen, and a private master wing facing the forest. Heated copper roof gutters, heated 3 car garage with newer in-law unit above. This home is truly one of a kind!

Asking: $1,599,000  MLS #: 20162064

Call (530) 448-3308 or email Scott Kennedy to see this Alpine Meadows ski real estate property for sale.

Click here for more information and photos of Alpine Meadows and Squaw Valley real estate homes for sale.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Sierra-Tahoe Realty, inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.  This listing courtesy of: Coldwell Banker NO.CA.-TD.

Tahoe Donner Mountain Home with View of Northstar

Tahoe Donner Mountain Home with Open Floor Plan

Fantastic mountain home with level driveway, two car garage, open floor plan, south facing with lots of light. This home has an ideal floor plan. It consists of an open kitchen, living and master suite on the main level. Downstairs is two bedrooms each with a bathroom, separate laundry room, and game room. Large deck with views of Northstar and the surrounding forest.

Asking: $785,000  MLS #: 20161991

Call (530) 448-3308 or email Scott Kennedy to see this Tahoe Donner new construction modern home for sale.

Click here for more information and photos of Tahoe Donner real estate property for sale.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Sierra-Tahoe Realty, inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.  This listing courtesy of: Oliver Luxury Real Estate Truckee.

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