Market at a Glance – April 2016

Market at a Glance - April 2016

Market at a Glance – April 2016

Pending Sales Soar to Highest Level in Decade

Contract signings for home purchases rose for the third consecutive month, with upticks in the South and West regions of the country providing the bulk of the increase, according to the latest NAR’s latest Pending Home Sales Index.

Overall, the index climbed 5.1 percent month-over-month in April to a 116.3 reading. The index is now 4.6 percent higher than a year ago.

“The ability to sign a contract on a home is slightly exceeding expectations this spring even with the affordability stresses and inventory squeezes affecting buyers in a number of markets,” says Lawrence Yun, NAR’s chief economist. “The building momentum from the over 14 million jobs created since 2010 and the prospect of facing higher rents and mortgage rates down the road appear to be bringing more interested buyers into the market.”

Mortgage rates have remained below 4 percent in 16 of the past 17 months, a boon to home buyers. Yun predicts that rates for home purchases will continue to hover around 4 percent in the coming months, but he cautions inflation could potentially cause rates to jump suddenly.

“Even if rates rise soon, sales have legs for further expansion this summer if housing supply increases enough to give buyers an adequate number of affordable choices during their search,” Yun says.

The Midwest was the only major region of the country to see contract activity slip in April, albeit slightly. Here’s a closer look at how pending home sales fared across the country last month:

  • Northeast: pending home sales rose 1.2 percent to 98.2 in April, and are now 10.1 percent above a year ago.
  • Midwest: pending home sales dropped slightly by 0.6 percent to 112.9 in April, but are still 2 percent above April 2015.
  • South: pending home sales increased 6.8 percent to an index of 133.9 in April, and are 5.1 percent higher than last April.
  • West: pending home sales rose 11.4 percent in April to 106.2, and are now 2.8 percent above a year ago.

Source: National Association of REALTORS®

Truckee Fire Protection District Advises Wildfire Readiness

Are you getting ready for wildfire? Create defensible space around your property now! Free debris disposal.

 Soon the rain and cool weather will end and the grasses and brush will dry out quickly with the onset of fire season.  Even with the normal winter, years of drought has caused officials to predict that our area will experience a higher than average threat of a big wildfire later this summer.

You should take action now!  The wet weather has helped produce a large crop of grasses and brush that needs to be removed within 100″ of your house to reduce the risk of wildfire spreading to your house and other homes in your neighborhood.  Over 1700 homes were lost in the Butte and Valley fires last year.  Wildland fire remains the biggest threat of natural disaster in our community.

Disposing of Debris:

Burning yard debris.  Burning of small piles of debris in your yard is allowed in Truckee for a few more weeks.  Although you should check with your particular homeowners association to see if there are any restrictions in the HOA.  Stop by any fire station to get a FREE burn permit and to learn the specific rules.

Hire a defensible space contractor.  There are local companies that do defensible space work and haul off yard debris.

Take it to the Dump.  You can load up your truck and take it to the Eastern Regional Landfill FREE of charge.

Utilize the Green Bag Program.  Small amounts of yard debris can be placed in green bags and picked up in front of your house.

Get a 6 yard dumpster at your house for only $60.

Go to the Townoftruckee.com web site for more detailed information on yard waste disposal.  Call Truckee Fire at  582-7850 or stop by any fire station for more information or a FREE home defensible space inspection.

More defensible space tips at Readyforwildfire.org

Source: Truckee Fire Protection District

Coyote Moon Golf Course Announces Opening Special

Coyote Moon Golf Course 
Opening Day

May 13 -May 26
$65 Anytime

May 27 – June 16
$100 before 1pm /$75 after 1pm

* Coyote Moon 10 Play Golf Card *
Do you plan on making Coyote Moon Golf Course your HOME course for the summer? Purchase your Coyote Moon 10 Pack Golf Card for only $750. Call or drop by the golf shop for more details and to purchase your card for the 2016 Golf Season! Only a limited number will be sold!

Northstar Mountain Home on Cul-de-Sac

Northstar Mountain Home on Cul-de-Sac

Northstar Mountain Home on Cul-de-Sac

Perfect mountain home at Northstar Resort. A remodeled kitchen that flows into the living room, along with high vaulted ceilings, create a desired open living space. One master bedroom is currently being used as a game room with dual televisions for sporting events as an example. Large windows yield plenty of light when desired and dual decks allow for entertainment off the front and rear of the home. A quiet cul-de-sac gives the home a perfect location within Northstar.

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Asking: $1,150,000  MLS #: 20160949

To see this Northstar California real estate property for sale, call Scott Kennedy @ 530.582.9980.

Click here for more information and photos of all Northstar California real estate property for sale.

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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: Tahoe Mountain Realty.

Lake Tahoe Fire Protection Webcams

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Click here to view Lake Tahoe Webcams for fire protection

Homebuilders Say Major Uptick Coming

Steady job growth, low mortgage rates, and pent-up demand is prompting an increase in the demand for new single-family homes, and homebuilders say they’re ready to build them.

That said, builders say they’re being met with plenty of headwinds that could subdue some construction, such as a shortage of lots and labor and tight access to construction and development loans.

“Builders remain cautiously optimistic about market conditions,” says Robert Dietz, chief economist of the National Association of Home Builders, in a Spring Construction Forecast Webinar on Thursday. “2016 should be the first year since the Great Recession in which the growth rate for single-family production exceeds that of multifamily. And we see single-family growth accelerating in 2017 as the supply side chain mends and we can expand production.”

NAHB forecasters predict that single-family production will see a 14 percent uptick this year to 812,000 units, and then rise another 19 percent to 964,000 units in 2017.

Single-family starts will reach 64 percent of historically normal levels by the fourth quarter of this year and rise to 77 percent of normal by the end of 2017, NAHB reports. By the end of 2017, the top 20 percent of the largest states will reach at least 102 percent of normal single-family production levels, compared to the bottom 20 percent, which likely will still remain below 65 percent, NAHB reports.

“Consumer surveys suggest the ultimate goal of millennials is to purchase a single-family home in the suburbs,” says Dietz. “We see growth for single-family looking ahead. The recovery continues and is dictated by demand side conditions and supply side headwinds.”

Source: National Association of Home Builders

Coyote Moon Golf Course Announces 2016 Opening Special / Rates

Coyote Moon Golf Course
Opening Day

Friday, May 13, 2016
$65 Anytime
Opening day through May 26

May 27 – June 16
$100 before 1pm /$75 after 1pm

* Coyote Moon 10 Play Golf Card *
Do you plan on making Coyote Moon Golf Course your HOME course for the summer? Purchase your Coyote Moon 10 Pack Golf Card for only $750. Call or drop by the golf shop for more details and to purchase your card for the 2016 Golf Season! Only a limited number will be sold!

Are you coming up this summer with a group of 9 or more…call our tournament/group specialist, 530.550.0924, for preferred tee times and to see what special rates we have to help accommodate you and your group!

Call (530) 587-0886

Tahoe Donner Single Story Custom Home

Tahoe Donner Single Story Custom Home for Sale

.                                               Tahoe Donner Single Story Custom Home for Sale

Popular single story custom Mark Bovenzi home that has been upgraded. Kitchen includes stainless steel appliances, granite counter tops, tile floors, and new carpet. Bathrooms have been upgraded with granite countertops as well as many other upgrades. Open floor concept on a large corner lot in a very desirable location in Tahoe Donner. Close of escrow to be no earlier than July 15, 2016 to accommodate sellers 1031 Exchange.

Asking: $619,000  MLS #: 20161039

Call or email Scott Kennedy to see this and other Tahoe Donner homes for sale.

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

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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.

Northstar Chalet – Complete Remodel

Northstar Chalet - Complete Remodel

.                                                         Northstar Chalet – Complete Remodel

Completely remodeled in 2013 & offering a lovely setting, this Northstar chalet offers a warm & welcoming environment. Charming ambiance awaits w/ thoughtful architectural elements & finishes. Wood floors, well designed chef’s kitchen & spacious dining area accent the great room w/ gorgeous gas fireplace. Two bedrooms on the main living floor + bath, spacious loft & large master w/ bath upstairs. Light filled, great windows & easy indoor-outdoor living w/ large deck, walk to the Golf Course! BIG garage!

Asking: $875,000  MLS #: 20160982

Call Scott Kennedy @ 530.448.3308 to see this Northstar chalet real estate home for sale.

Click here all Northstar California real estate homes for sale.

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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: Chase International – TK2.

Northstar announces 2016 Golf Pass Rates

NEW for 2016: Up to 3 pass holder guests receive $10 off daily rate

Unlimited Season Pass (pricing guaranteed through 6/19) Price
Adult (18+) Public $1,049
Adult (18+) Homeowner $979
Junior (17 & under) – without cart $369
Early purchasers receive 1 complimentary guest round (expires 6/19), two 50% off guest vouchers, plus $10 off fees all season
Value Season Pass (pricing guaranteed through 6/19)
Price
Adult (18+) Public $769
Adult (18+) Homeowner $719
Junior (17 & under) – without cart $329
Includes green fees and shared cart. Unlimited play after 11:00 a.m. Sunday – Thursday and after 12:00 p.m. Friday + Saturday through the end of the season. Fall Shotguns. Not valid for play July 3 – 5. Non-transferable. Non-refundable.

 

Afternoon Season Pass (pricing guaranteed through 6/19)
Price
Adult (18+) Public $569
Adult (18+) Homeowner $539
Junior (17 & under) – without cart $249
Includes green fees and shared cart. Valid after 2:00 p.m. during Spring season and after 3:00 p.m. during Summer season and after 12:00 p.m. Fall season. Not valid for play July 3-5. Non-transferable. Non-refundable.

 

Afternoon Limited Season Pass (pricing guaranteed through 6/19)
Price
All Ages $379
Includes green fees and shared cart. Monday – Thursday play only. Valid Monday – Thursday after 2:00 p.m. during Spring season and after 3:00 p.m. during Summer season and after 12:00 p.m. Fall season. Non-transferable, non-refundable.

All season pass pricing subject to change.

Tahoe Donner Mountain Home for Sale

Tahoe Donner Mountain Home for Sale

–                                                        Tahoe Donner Mountain Home for Sale                                                          –

Stunning both inside and out! Big windows let you bring the outside in as you experience this 4 bedrooms, 3.5 baths home plus spacious loft. Boasting 3 decks for outdoor enjoyment, this immaculate home has a fantastic open floor plan with vaulted ceilings, gas fireplace with natural rock masonry, and a beautiful kitchen. Great for entertaining! Level driveway located on a private corner lot. Views of the surrounding trees and forests when you look out the windows. Impressive master suite and master bath

Asking: $899,500  MLS #: 20160965

Call or email Scott Kennedy to see this and other Tahoe Donner homes for sale.

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

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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.

Northstar Announces 2016 Golf Season & Rates

Greens Fees

All adult greens fees include use of shared cart. For more information, please call the Pro Shop at 530.562.3290. All dates and rates subject to change depending on course conditions.

18-Hole Play

Summer (6/16 – 9/18)
Morning
(before 11:00am)
Mid-Day
(11:00am – 12:50pm)
Twilight
(after 1:00pm)
Late Twilight
(after 4:00pm)
Mon – Thurs $85 $75 $65 $50
Fri – Sun $90 $80 $70 $55
Fall (9/19 – Closing) Before 1:00pm 1:00pm – 3:00pm After 3:00pm
Mon – Thurs $75 $55 $40
Fri – Sun $80 $60 $45

9-Hole Play

9 Holes – Limited Tee Times – Tee Time Recommended.
Standby or reserve previous day only before AM times.

9-Hole
$50

Juniors (17 & under)

Junior rates are valid for ages 17 & under; must be accompanied by an adult. Junior evening rates after 5:00 p.m. on the Meadow Nine (holes 1 – 9) only. Golf cart driver must be at least 18 years of age.

Play Rate
18 Holes $49 (before 1 p.m.)
18 Holes $39 (after 1:00 p.m.)
9 Holes $20 (after 5:00 p.m.)

Carts, Clubs + Driving Range Rates

Golf Cart Rentals 18 Holes 9 Holes
18-holes (per seat) $25
9-holes (per seat) $15
Rider Fee (non-golfer) $25 $15
Golf Club Rentals
18 Holes
9 Holes
Premium Club Rental $49
Fleet Club Rental $39
Club Rental $29
Driving Range Rate
Small Bucket (30 range balls) $4
Buy 5 tokens, get one FREE! $20
Driving Range tokens can be purchased in the Pro Shop.

1st Quarter 2016 vs. 2015 Truckee / Lake Tahoe Statistics

Tahoe Donner Home Prices 2011 - 2016

Tahoe Donner Home Prices 2011 – 2016 based on 2500-3500 sq. ft. and built 2000-2010

 

Truckee / Lake Tahoe 1st qtr 2016 Real Estate Statistics

Truckee / Lake Tahoe 1st qtr. 2016 Real Estate Statistics compared to 1st qtr. 2015

SUMMARY

  • For the 1st quarter of 2016, 16% more homes were sold than the 1st quarter in 2015;
  • The median price for homes increased by 8.9%;
  • Overall, the median time homes were on the market was unchanged at 3-months;
  • A comparison of the similar homes sold in Tahoe Donner reveals the price per square foot rose approximately 8% in the 1st quarter of 2016 compared to 2015 (see graph).

Please call Scott Kennedy at (530) 448-3308, or email Scott@SierraTahoeRealty.com with any questions you may have.

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Schaffer’s Mill real estate for sale
 
 
 
 
NOTE: MLS data is believed accurate however not guaranteed – verification is recommended.

Pending Home Sales Move Forward in February

WASHINGTON (March 28, 2016) — Pending home sales rose solidly in February to their highest level in seven months and remain higher than a year ago, according to the National Association of Realtors®. Led by a sizeable increase in the Midwest, all major regions except for the Northeast saw an increase in contract activity in February.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 3.5 percent to 109.1 in February from a downwardly revised 105.4 in January and is now 0.7 percent above February 2015 (108.3). Although the index has now increased year-over-year for 18 consecutive months, last month’s annual gain was the smallest.

Lawrence Yun, NAR chief economist, says pending sales made promising strides in February, rising to the highest index reading since last July (109.8). “After some volatility this winter, the latest data is encouraging in that a decent number of buyers signed contracts last month, lured by mortgage rates dipping to their lowest levels in nearly a year1 and a modest, seasonal uptick in inventory2,” he said. “Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what’s being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau.”

According to Yun, the one silver lining from last month’s noticeable slump in existing-home sales was that price appreciation lessened to 4.4 percent, which is still above wage growth but certainly more favorable than the 8.1 percent annual increase in January.

“Any further moderation in prices would be a welcome development this spring,” adds Yun. “Particularly in the West, where it appears a segment of would-be buyers are becoming wary of high asking prices and stiff competition.”

Existing-homes sales this year are forecast to be around 5.38 million, an increase of 2.4 percent from 2015. The national median existing-home price for all of this year is expected to increase between 4 and 5 percent. In 2015, existing-home sales increased 6.3 percent and prices rose 6.8 percent.

The PHSI in the Northeast declined 0.2 percent to 94.0 in February, but is still 12.6 percent above a year ago. In the Midwest the index shot up 11.4 percent to 112.6 in February, and is now 2.5 percent above February 2015.

Pending home sales in the South increased 2.1 percent to an index of 122.4 in February but are 0.4 percent lower than last February. The index in the West climbed 0.7 percent in February to 96.4, but is now 6.2 percent below a year ago.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

# # #

1 According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 3.66 percent in February — the lowest since April 2015 at 3.67 percent.

2 Total housing inventory at the end of February increased 3.3 percent to 1.88 million existing homes available for sale, but is still 1.1 percent lower than a year ago (1.90 million).

* The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.

NOTE: NAR’s 2016 Vacation and Investment Homes report will be released April 6, Existing-Home Sales for March will be reported April 20, and the next Pending Home Sales Index will be April 27; release times are 10:00 a.m. ET.

Tahoe Donner Mountain Property for Sale

Tahoe Donner Mountain Property for Sale

Tahoe Donner Mountain Property for Sale

This home has it all! Beautifully maintained and situated on a level lot with 2 sides of greenbelt for extra privacy. The great room has a lodge feel with massive rock hearth, wood burning fireplace, log accents, vaulted wood ceilings & wood floors in kitchen and dining. Kitchen has granite slab counters, newer Viking appliances and new sink, faucet and backsplash. Spacious master suite is on main level and looks out to greenbelt. Downstairs are two large guest bedrooms plus family room/den/office.

Asking: $799,900  MLS #: 20160345

To see this Tahoe Donner real estate property for sale, call Scott Kennedy @ 530.582.9980.

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

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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 backing to Open Space National Forest

Tahoe Donner Mountain Home backing to Open Space National Forest

Tahoe Donner Mountain Home backing to Open Space National Forest

Mostly furnished home with additional rec room, bunk room and separate office backing to National Forest. Great room with hardwood floors & vaulted ceilings looking out at the forest. Kitchen features included granite counters, Viking range, Bosch Dishwasher, GE Monogram ovens & pantry. Master with hardwood floors and vaulted ceilings on main level. 4 other spacious bedrooms include a recently remodeled jr suite. Additionally there is a family room and bunk/flex room and separate office.

Asking: $1,025,000  MLS #: 20160310

To see this Tahoe Donner real estate property for sale, call Scott Kennedy @ 530.582.9980.

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

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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 Log Cabin in the Woods

Tahoe Donner Log Cabin

Asking: $585,000  MLS #: 20160292

To see this Tahoe Donner real estate property for sale, call Scott Kennedy @ 530.582.9980.

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

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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.

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