Cape Productions Announces Expansion of Drone Video Operations at Squaw Valley | Alpine Meadows Beginning Presidents Day Weekend

SAN FRANCISCO, CA, February 10, 2016:  Today Cape Productions (Cape) – a consumer drone video service for action sports – announced that it will operate five days per week (Thursdays – Mondays) at Squaw Valley Alpine Meadows beginning on February 11, 2016, the Thursday before Presidents Day Weekend. Cape is slated to continue operating through the remainder of the ski season.

This decision marks an expansion of Cape’s previous operations at Squaw Valley. Up until this point, Cape’s filming services were exclusively offered during the resort’s Dawn Patrol sessions. (Dawn Patrol gives Squaw Valley guests the opportunity to enjoy the mountain in the morning before the lifts officially open for the day.) Dawn Patrol operations will continue, even as Cape expands to regular operating hours.

“We’re extremely pleased to expand the availability of our drone video service at Squaw Valley Alpine Meadows, so that each guest can relive her day on the slopes through a professionally-edited highlight video,” said Jason Soll, CEO of Cape Productions. “This announcement marks another exciting milestone for Cape, as we work toward our goal of bringing people together through technology that enhances our experiences, rather than demanding our attention.”

Anyone interested in the Cape experience at Squaw Valley Alpine Meadows can visit www.cape.com to book a specific filming time. Cape will be operating on the Knob Hill run, accessible from the top of the Red Dog lift. There will also be a Cape crew member stationed at the base of the Funitel for questions and reservations. The cost for a Cape video package (filming of 2 runs with the drone and a handheld camera) costs $99 and includes a professionally-edited highlight video. The video is delivered to a secure, personal webpage ready to share with friends and family. If a customer buys more than one package during a season, Cape will produce an extra video incorporating the customer’s “best of all” footage for free.

“Partnering with Cape Productions will allow our guests to capture the exhilaration factor that we all love about snow sports,” said Andy Wirth, president and CEO of Squaw Valley Ski Holdings, LLC, the parent company of Squaw Valley Alpine Meadows. “The opportunity to capture your most ripping runs from a birds-eye perspective is not a frequent one, and having a highlight reel to take home is the icing on the cake. Cape has operated with the utmost safety and professionalism during our Dawn Patrol sessions, and we are thrilled to welcome them to the Knob Hill run during regular hours.”

In January, Cape announced that it received a special amendment from the Federal Aviation Administration (FAA), making it the first drone video company in the United States (U.S.) legally allowed to fly within 500 feet of customers. Cape has filmed skiers in Canada since December 2014 and in the U.S. since October 2015. This winter, Cape has been operational at Squaw Valley Alpine Meadows (CA), Powder Mountain Resort (UT), Homewood Mountain Resort (CA) and Fernie Alpine Resort in British Columbia, Canada.

About Cape Productions
Cape Productions (www.cape.com) is the drone video service for action sports. Cape’s customers receive professionally-edited highlight videos just hours after drones film them enjoying their favorite outdoor activities. Since its inception in June of 2014, Cape has conducted operations all over the world, partnered with renowned venues and filmed some of the best athletes on the planet. Cape’s founders hail from Google[x] and Stanford, and the company is supported by a world-class team of luminaries in the fields of robotics, action sports, drones and venture capital. The company has raised more than $10 million to date to bring aerial video and data to anyone, anywhere.

About Squaw Valley | Alpine Meadows
Squaw Valley Alpine Meadows is an internationally renowned mountain resort in North Lake Tahoe that spans over 6,000 skiable acres. The resort features slopeside lodging at The Village at Squaw Valley®, which bustles year round with nonstop events and nearly 60 bars, restaurants and boutiques. With an annual average of 450 inches of snowfall and 300 sunny days, Squaw Valley Alpine Meadows is known as the spring skiing capital as it provides one of the longest ski and snowboard seasons in Lake Tahoe. Over 65 percent beginner and intermediate terrain and 14 easy-to-navigate mountain zones welcome skiers and riders of all ability levels. Visit squawalpine.com or call 1.800.403.0206 to learn more.

Squaw Valley voted #1 Ski Resort in North America by USA Today

Voted #1 ski resort
USA Today 10Best Readers’ Choice Award
Dear Friend of Squaw Valley | Alpine Meadows:

I want to be sure you are among the very first to hear the great news that USA Today readers have chosen Squaw Valley | Alpine Meadows as the NUMBER ONE Ski Resort in North America! The official name of this award is the “USA Today 10Best Readers’ Choice Award” and is a tremendous testament to our mountains and our community. Congratulations!

While we get to celebrate this accolade at our mountains, this designation most certainly belongs to our entire community — all of the people of and in the businesses of Truckee, Tahoe City, all of North Lake Tahoe, along with the great folks at the Reno Tahoe Airport. I also recognize the dedication, loyalty and resilient nature of our customers — all of you — and appreciate you acknowledging our efforts over the past few years to advance the Squaw Valley | Alpine Meadows experience and voting our mountain destination into the #1 spot. It’s also of note that the top spots are replete with our affiliate resorts by way of The Mountain Collective; a very strong showing by this collection of world class and very popular destinations!

Again, thank you for your support, and this tremendous recognition as North America’s #1 resort!

Warm but snow filled regards,
Andy Wirth
President & CEO
Squaw Valley | Alpine Meadows

Homewood Announces Drone Video Service

Homewood Announces Drone Video Service

 

Homewood Mountain Resort is excited to announce their new partnership with Cape Productions, drone video service, for the 2015-16 season. Cape Productions provides an exciting new video method for personal action sports, allowing guests to be filmed while a piloted drone camera follows them. After capturing breathtaking shots with Tahoe’s most beautiful view, guests will receive an edited and online published version of their footage with the ability to share it through social media outlets.

Cape Productions takes away the hassle of purchasing and managing equipment and will provide the guest a professional level video edit, making it easy to share experiences with friends and family. Everyone, regardless of age or skill will be able to capture breathtaking footage, film their family ski trip, get shots of their group of friends and more.

3 RUNS – EXPECTED SESSION DURATION: 1HR – $149.99 USD

Squaw Valley | Alpine Meadows New Military Season Program Advances High Fives Foundation’s “Military to the Mountains” Program

[Olympic Valley, Calif.] January 4, 2016 – Squaw Valley Alpine Meadows is now offering a season pass to active duty military in exchange for a $25 donation to the “Military to the Mountains” program, a partnership between Squaw Valley Alpine Meadows, High Fives Foundation, Achieve Tahoe (formerly Disabled Sports USA Far West) and Adaptive Training Foundation that will host and train 10 injured veterans of the United States armed forces on the slopes of Squaw Valley this spring. The program has raised $50,000 already this season.

“Squaw Valley Alpine Meadows has a proud history of supporting the programs offered by both the High Fives Foundation and Achieve Tahoe, as well as providing the men and women that serve our great country with complimentary skiing,” said Andy Wirth, president and chief executive officer of Squaw Valley Alpine Meadows. “To further support those who serve in our armed forces, the new active duty military season pass program we have implemented this year will allow for the ‘Military to the Mountains’ program to be continually funded year after year.”

The resort now provides a Silver Tahoe Super Pass to military personnel, along with a note of appreciation and a challenge coin for a donation of $25, of which all proceeds support non-profit organizations “22Kill” and “Military to the Mountains.” Additional donations are also accepted at the resort on behalf of these organizations, and online donations will be coming soon. Those interested in purchasing this pass must present their U.S. Active Duty Military ID at the Guest Services and Sales Center at Squaw Valley or Alpine Meadows.

“It’s incumbent upon us all to voice and demonstrate our deep sense of appreciation for the men and women who serve our country in the military. For those veterans who have suffered life altering injuries, this is just one more way to help them as we welcome them to our two legendary mountains,” Wirth said.

“The program is off to a great start, with more than $50,000 having already been raised, and year end projections expected to near the $100,000 mark. This means that the men and women who have served our country and have been injured in doing so will have the opportunity to learn to ski or ride with the help of High Fives and the ‘Military to the Mountains’ program this year and for the long-term,” Wirth continued.

Created by the High Fives Foundation following the success veteran Marine Corporal Jacob (Jake) Schick achieved while skiing at Squaw Valley during the 2014-15 winter season, the “Military to the Mountains” program is collective effort between High Fives Foundation, Adaptive Training Foundation, Achieve Tahoe and Squaw Valley Alpine Meadows. The organizations successfully worked together to provide Schick with training prior to visiting Squaw Valley, and with adaptive skiing instruction once on the mountain, and will continue to do so for other injured military veterans.

This year, the program will begin in January 2016 with a 9-week training class at the Dallas, TX based Adaptive Training Foundation, founded and operated by retired NFL linebacker, David Vobora. The mission of the Adaptive Training Foundation is to empower the human athlete, restore hope through movement, and redefine the limits of individuals with disabilities. Their role in this effort is to train military veterans who have been severely injured to be physically ready for adaptive skiing lessons.

Following the 9-week training, High Fives and Adaptive Training Foundation will bring the 10 veteran athletes to Reno on flights hosted by American Airlines. The athletes will then stay and ski at Squaw Valley with Achieve Tahoe adaptive ski instructors from March 27 through April 1, 2016.

“Witnessing the success Jake had on the mountain, and realizing the positive impact skiing had on his recovery – physically and emotionally – we are excited to expand the ‘Military to the Mountains’ program this year and into the future,” said Roy Tuscany, executive director of High Fives Foundation. “With this contribution, we will be able to make this program sustainable for years to come. Our goal is to bring the experience of sliding on snow to veterans both locally and across the country.”

For more information about Squaw Valley Alpine Meadows, to purchase a season pass or to make lodging reservations, visit www.squawalpine.com.
About Squaw Valley | Alpine Meadows
Squaw Valley Alpine Meadows is an internationally renowned mountain resort in North Lake Tahoe that spans over 6,000 skiable acres. The resort features slopeside lodging at The Village at Squaw Valley®, which bustles year round with nonstop events and nearly 60 bars, restaurants and boutiques. With an annual average of 450 inches of snowfall and 300 sunny days, Squaw Valley Alpine Meadows is known as the spring skiing capital as it provides one of the longest ski and snowboard seasons in Lake Tahoe. Over 65 percent beginner and intermediate terrain and 14 easy-to-navigate mountain zones welcome skiers and riders of all ability levels. Visit squawalpine.com or call 1.800.403.0206 to learn more.

About High Fives Foundation
High Fives Non-Profit Foundation, based in Truckee, CA, became an official 501c.3 non-profit on January 19, 2009. Founded by Roy Tuscany, the Tahoe-based Foundation supports the dreams of mountain action sports athletes by raising injury prevention awareness while providing resources and inspiration to those who suffer life-altering injuries. For more information, visit www.highfivesfoundation.org.

About Achieve Tahoe
Achieve Tahoe is a unique North Lake Tahoe-based non-profit organization, teaching specialized ski and snowboard lessons seven days a week on the slopes of Alpine Meadows, Squaw Valley and Northstar Resorts. Staffed by a corps of over 150 trained instructors, 90% of whom are volunteers, they serve people of any age with physical, sensory and intellectual challenges. Find out more at www.achievetahoe.org.

About Adaptive Training Foundation
After meeting one of five living combat injured quadruple amputees, ATF Founder David Vobora recognized a void in the process to living an active and fulfilling life post injury. While there are many excellent rehabilitative programs and recreational adaptive sports organizations, none existed to bridge the gap from basic functional rehabilitation to adapted sport through individually customized performance training.  It was out of this realization that ATF was conceived, and since receiving its official 501c.3 in late 2014, ATF has served over 50 athletes with varying disabilities.  Learn more about ATF’s story at www.AdaptiveTrainingFoundation.org.

Andy Wirth Elected Chairman of Reno-Tahoe Regional Air Service Corporation

[Reno-Tahoe] January 12, 2016 – The Reno-Tahoe Regional Air Service Corporation (RASC) announced today that Andy Wirth was elected Chairman and President of RASC. Mr. Wirth is the President & CEO of Squaw Valley Ski Holdings, the parent company of Squaw Valley | Alpine Meadows Resorts and also serves as the Chairman of the Reno Tahoe Airport Authority Board of Trustees. RASC is responsible for promoting air service into Reno-Tahoe International Airport and continually identifying new prospects for additional flights. The board is comprised of regional hotel-casino properties and tourism entities including North Lake Tahoe, South Lake Tahoe and Reno.

“I am honored to serve in this role for the Regional Air Service Corporation. I believe that the landscape of, and future for our region, including the greater Reno-Sparks area and all of Lake Tahoe, is replete with opportunity,” said Wirth. “Air service into our region is and will continue to be one of the central elements of our growing and thriving economy.”

Wirth has been central to the development of airports and air service for major resorts and communities from Colorado to Quebec. He most recently played a central role in establishing air service to the Reno-Tahoe International Airport with JetBlue service from JFK Airport, as well as the recently announced Alaska Airlines service from John Wayne Airport and other locations.

The Regional Air Service Corporation also announced the election of two other officers of the board of directors who are experienced and seasoned professionals from the tourism and hospitality sector: Ms. Kimberlee Tolkien, Assistant General Manager of Atlantis Casino Resort Spa will serve as Vice Chair/Secretary, and Mr. Andy Chapman, President & CEO of Incline Village/Crystal Bay Visitors Bureau will remain as Treasurer.

The Regional Air Service Corporation was formed in an effort to bring together public and private organizations and businesses to contribute marketing dollars and expertise to position the Reno-Sparks-Lake Tahoe-Northern Nevada region as one destination, to focus on identifying national and international markets, to increase quality air service to and from the Reno/Tahoe International Airport and to target common tourism and business industry concerns for cooperative action.

RASC continues to be at the forefront of air service, recently working with Alaska Airlines on the promotion of direct flights to/from Boise, Idaho and Orange County, Calif., and also working with Southwest Airlines on service to/from Oakland, Calif.

About Reno-Tahoe Regional Air Service Committee
The Regional Air Service Committee (RASC) was formed in June 2001 to assist the Reno-Tahoe International Airport (RTIA) in providing additional incentives to maintain and grow air service and to promote the Reno Tahoe area as a year-round travel destination. In 2014, the Regional Air Service Committee voted to incorporate as a Nevada nonprofit corporation in order to legally fulfill the responsibilities of assisting the airport in maintaining and growing air service while promoting the Reno Tahoe area. RASC was officially incorporated February 2015 as the Regional Air Service Corporation (RASC).

Sugar Bowl January & February 2015 Events

01/14-01/15 FIS Giant Slalom Races

01/16 ASI Saturdays, Free in the Village Hall at 2pm

01/16-01/17 FIS Slalom Races

01/16 Intermediate Skate Clinic with Olympian Katerina Nash at Village Station (9:30) $40.00

01/17 Live music with Chi Mclean at the Judah Lodge 2:00-5:00 PM

01/22 XC Apré Ski

1/23 ASI Saturdays, Free in the Village Hall at 2pm

01/23 Gran Fondo Hut-Hut tour

02/06 USASA Slalom Race

2016 Real Estate Housing Forecast

2016 Real Estate Housing Forecast

 

WASHINGTON (January 12, 2016) — Following the housing market’s best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a more moderate pace as pent-up buyer demand combats affordability pressures and meager economic growth, according to National Association of Realtors® Chief Economist Lawrence Yun in a newly-released video on his 2016 housing market expectations.

In the NAR-published video, Yun discusses his expectations for the U.S. economy and housing market in 2016 and points to pent-up demand, sustained job growth and improving inventory conditions as his reasons for an expected gain (from 2015) in new and existing-home sales (view infographic).

Despite his forecasted increase in sales, Yun cites rising mortgage rates, home prices still outpacing wages and shaky global economic conditions as headwinds that will likely hold back a stronger pace of sales.

“This year the housing market may only squeak out 1 to 3 percent growth in sales because of slower economic expansion and rising mortgage rates,” Yun says in the video. “Furthermore, the continued rise in home prices will occur due to the fact that we will again encounter housing shortages in many markets because of the cumulative effect of homebuilders under producing for multiple years. Once the spring buying season begins, we’ll begin to feel that again.”

With one month of data remaining for 20151, Yun expects total existing-homes sales to finish the year up 6.5 percent from 2014 at a pace of around 5.26 million —the highest since 2006, but roughly 25 percent below the prior peak set in 2005 (7.08 million). The national median existing-home price for all of 2015 will be close to $221,200, up around 6 percent from 2014. In 2016, existing sales are expected to grow between 1 and 2 percent (5.30 to 5.40 million) and prices between 5 and 6 percent.

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.

Renovation Realities

Renovation Realities

2015 vs 2014 Truckee / Lake Tahoe Statistical Report

Tahoe Donner Real Estate Statistics

Tahoe Donner Real Estate Statistics

Truckee / Lake Tahoe Real Estate Statistics - 2015 vs. 2014

SUMMARY
  • For 2015, 7% more homes were sold than in 2014 – however, ski resort sales (Alpine Meadows, Northstar & Squaw Valley) were 30-50% fewer due to less snow;
  • While the median price for homes decreased by $10,000 or 2%, it is a misleading statistic;
  • A comparison of the similar homes sold in Tahoe Donner reveals the price per square foot rose approximately 5% in 2015 compared to 2014 (see graph).
  • Condo sales in Tahoe Donner provide the best indicator of overall change in valuation, as neighborhood statistics in other areas can be skewed by higher or lower price-points – an example being the Westshore which is skewed greatly by $2-$3 million condos in Fleur du Lac.
Feel free to call or email Scott Kennedy with any questions you may have.
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NOTE: Tahoe Donner $ / sq. ft. data based on subset of homes 2500-3500 sq. ft. built between 2000-2010.  MLS data is believed accurate however not guaranteed – verification is recommended.

NEVADA COUNTY MARKET UPDATE

Nevada County Real Estate Statistics - December 2015

Nevada County Real Estate Statistics – December 2015

Placer County Market Update

Placer County Real Estate Statistics - December 2015

Real Estate Terms & Terminology

7/23 and 5/25 Mortgages: Mortgages with a one-time rate adjustment after seven years and five years, respectively.

3/1, 5/1, 7/1 and 10/1 ARMs: Adjustable-rate mortgages in which the rate is fixed for three-year, five-year, seven-year and 10-year periods, respectively, but may adjust annually after that.
A
Acceleration: The right of the mortgagee (lender) to demand the immediate repayment of the mortgage loan balance upon the default of the mortgager (borrower), or by using the right vested in the due-on-sale clause.
Adjustable-Rate Mortgage (ARM): A loan on which the monthly payments will increase or decrease over time, based on changes in the ARM?s interest rate index. ARM payments typically are adjusted every six months or once a year. Common indices to which ARMs are tied include the 11th District Cost of Funds, one-year T-note and six-month T-bill.
Adjusted Basis: The cost of a property plus the value of any capital expenditure for improvements to the property minus any depreciation taken.
Adjustment Date: The date that the interest rate changes on an adjustable-rate mortgage.
Adjustment Interval: The interval between changes on an adjustable-rate mortgage in the interest rate and/or monthly payment; typically one, three or five years depending on the index.
Adjustment Period: The period elapsing between adjustment dates for an adjustable-rate mortgage.
Affordability Analysis: An analysis of a buyer?s ability to afford the purchase of a home. Reviews income, liabilities and available funds. Considers the type of mortgage you plan to use, the area where you want to purchase a home and the probable closing costs.
Amortization: The gradual repayment of a mortgage through monthly (e.g. installment) payments. In the early years of a mortgage, most of the monthly payment goes toward interest. Later in the mortgage, more of the payment goes toward reducing the loan?s principal balance.
Amortization Term: The length of time required to amortize the mortgage loan expressed as a number of months. For example, 360 months is the amortization term for a 30-year fixed-rate mortgage.
Annual Percentage Rate (APR): The annual cost of a mortgage, including interest, loan fees and other costs, stated as a percentage of the loan amount.
Appraisal/Appraised Value: An opinion of the market value of a home expressed by a real estate appraiser.
Arbitration: The term used to describe a form of dispute resolution that occurs outside of the court system, usually by private agreement between parties. Basically, arbitration is a dispute resolution system where the parties submit arguments and evidence to a neutral person, known as the arbitrator, who then renders a decision, called an award, based upon the evidence and arguments presented.
Assessment: A local tax levied against a property for a specific community purpose, such as a sewer or streetlights.
Assignment: The transfer of a contractual interest or obligation from one person to another such as, but not limited to, a transfer of a mortgage obligation. Assignment is a legal term used to transfer interest from one contract to another.
Assumable Mortgage: An assumable mortgage can be transferred from the seller to the new buyer. Generally requires a credit review of the new borrower and lenders may charge a fee for the assumption. If a mortgage contains a due-on-sale clause, a new buyer may not assume the mortgage.
Assumption: The agreement between buyer and seller where the buyer takes over the payments on an existing mortgage from the seller. Assuming a loan can usually save the buyer money by acquiring an existing mortgage debt, instead of obtaining a new mortgage where closing costs and market-rate interest charges will apply.
Assumption Fee: The fee paid to a lender (usually by the purchaser of real property) when an assumption takes place.
B
Balloon Mortgage: A loan that is amortized for a longer period than the term of the loan. Usually this refers to a 30-year amortization and a five-year term. At the end of the term of the loan, the remaining outstanding principal on the loan is due.
Balloon Payment: The final lump sum paid at the maturity date of a balloon mortgage.
Biweekly Payment Mortgage: A plan to make mortgage payments every two weeks (instead of the standard monthly payment schedule). The 26 (or 27) biweekly payments are each equal to one-half of the monthly payment required if the loan were a standard 30-year fixed-rate mortgage. The result for the borrower is a substantial saving in interest.
Blanket Mortgage: A mortgage covering at least two pieces of real estate as security for the same mortgage.
Borrower (Mortgager): One who applies for and receives a loan in the form of a mortgage with the intention of repaying the loan in full.
Bridge Loan: A second trust for which the borrower?s present home is collateral, allowing the proceeds to be used to close on a new house before the present home is sold. Also known as a “swing loan.”
Broker: An individual who assists with arranging funding or negotiating contracts for a client but who does not loan the money himself or herself. Brokers usually charge a fee or receive a commission for their services.
Buy-down: When the lender and/or the homebuilder subsidize a mortgage by lowering the interest rate during the first few years of the loan. While the payments are initially low, they will increase when the subsidy expires.

C
Caps: Provisions of an adjustable-rate mortgage limiting how much the interest rate can change at each adjustment period (e.g., every six months, once a year) or over the life of the loan (rate cap). A payment cap limits how much the payment due on the loan can increase or decrease.

Cash Flow: The amount of cash derived over a certain period of time from an income-producing property. The cash flow should be large enough to pay the expenses of the income-producing property (mortgage payment, maintenance, utilities, etc.).
Certificate of Eligibility: The document given to qualified veterans entitling them to VA-guaranteed loans for homes, businesses and mobile homes. Certificates of eligibility may be obtained by sending form DD-214 (Separation Paper) to the local Veterans Affairs office with VA form 1880 (request for Certificate of Eligibility).
Certificate of Reasonable Value (CRV): An appraisal issued by Veterans Affairs showing the property?s current market value.
Certificate of Veteran Status: The document given to veterans or reservists who have served 90 days of continuous active duty (including training time). It may be obtained by sending DD 214 to the local Veterans Affairs office with form 26-8261a (request for certificate of veteran status; this document enables veterans to obtain lower downpayments on certain FHA-insured loans).
Change Frequency: The frequency (in months) of payment and/or interest rate changes on an adjustable-rate mortgage.
Closing: The meeting at which a home sale is finalized. The buyer signs the mortgage, pays closing costs and receives title to the home. The seller pays closing costs and receives the net proceeds from the home sale.
Closing Costs: Expenses in addition to the price of the home incurred by buyers and sellers when a home is sold. Common closing costs include escrow fees, title insurance fees, document recording fees and real estate commissions.
COFI: An adjustable-rate mortgage with a rate that adjusts based on a cost-of-funds index, often the 11th District Cost of Funds.
Construction Loan: A short-term interim loan to pay for the construction of buildings or homes. These are usually designed to provide periodic disbursements to the builder as he or she progresses.
Consumer Reporting Agency (or Bureau): An organization that handles the preparation of reports used by lenders to determine a potential borrower?s credit history. The agency gets data for these reports from a credit repository and other sources.
Contingency: A condition that must be fulfilled before a contract is binding.
Contract Sale or Deed: A contract between purchaser and seller of real estate to convey title after certain conditions have been met. It is a form of installment sale.
Conventional Mortgage: A loan not guaranteed, insured or made by the federal or state government.
Conversion Clause: A provision in an adjustable-rate mortgage allowing the loan to be converted to a fixed-rate mortgage at some point during the term. Usually conversion is allowed at the end of the first adjustment period. The conversion feature may cost extra.
Counteroffer: An offer in response to an original offer.
Credit Report: A report documenting the credit history and current status of a borrower?s credit standing.
Credit Risk Score: A credit risk score is a statistical summary of the information contained in a consumer?s credit report. The most well-known type of credit risk score is the Fair, Isaac or FICO score. This form of credit scoring is a mathematical summary calculation that assigns numerical values to various pieces of information in the credit report. The overall credit risk score is highly relative in the credit underwriting process for a mortgage loan.
D
Default: Failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on a mortgage.
Deferred Interest: When a mortgage is written with a monthly payment that is less than required to satisfy the note rate, the unpaid interest is deferred by adding it to the loan balance.
Delinquency: Failure to make payments on time. This can lead to foreclosure.
Department of Veterans Affairs (VA): An independent agency of the federal government that guarantees long-term, low- or no-downpayment mortgages to eligible veterans.
Debt-To-Income (DTI) Ratio:The ratio of monthly debt payments to monthly gross income. Lenders use a housing DTI ratio (house payment divided by monthly income) and a total DTI ratio (total debt payments including the house payment divided by monthly income) to determine whether a borrower?s income qualifies him or her for a mortgage.
Deed: A legal document conveying ownership of property.
Downpayment: The portion of the home?s purchase price the buyer pays in cash.
Due-on-Sale-Clause: A provision in a mortgage or deed of trust that allows the lender to demand immediate payment of the balance of the mortgage if the mortgage holder sells the home.
E
Earnest Money: The deposit given by a buyer to a seller to show that the buyer is serious about purchasing the home. Earnest money usually is refundable to homebuyers in the event a contingency of the sales contract cannot be met.
Entitlement: The Veterans Affairs home loan benefit (i.e., entitlement for a VA-guaranteed home loan). This is also known as eligibility.
Equal Credit Opportunity Act (ECOA): A federal law requiring lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
Equity: The difference between a home?s value and the mortgage amount owed on the home.
Escrow: The holding of documents and money by a neutral third party prior to closing.
Escrow Disbursements: The use of escrow funds to pay real estate taxes, hazard insurance, mortgage insurance and other property expenses as they become due.
Escrow Payment: The part of a mortgager?s monthly payment that is held by the servicer to pay for taxes, hazard insurance, mortgage insurance, lease payments and other items as they become due.
Exclusive Right to Sell Listing: A contract giving an agent the exclusive right to market a property under a certain time frame.
Exclusive Agency Listing: A contract giving the broker the right to market an owner?s property for a certain period of time, but also allowing the owner to sell the property during that period without paying a commission.
F
Farmers Home Administration (FmHA): Provides financing to farmers and other qualified borrowers who are unable to obtain loans elsewhere.
Federal Housing Administration (FHA): A division of the Department of Housing and Urban Development whose main activity is insuring residential mortgage loans made by private lenders. FHA also sets standards for underwriting mortgages.
Federal National Mortgage Association (Fannie Mae): A privately owned corporation created by Congress that purchases and sells conventional residential mortgages as well as those insured by Federal Housing Administration or guaranteed by Veterans Affairs. This institution, which provides funds for one in seven mortgages, makes mortgage money more available and more affordable. Fannie Mae and Freddie Mac are the key secondary mortgage-market agencies.
FHA Loan: A loan insured by the Federal Housing Administration open to all qualified home purchasers. While there are limits to the size of FHA loans, they are generous enough to handle moderately priced homes almost anywhere in the country.
FHA Mortgage Insurance: Requires a fee (up to 2.25 percent of the loan amount) paid at closing to insure the loan with FHA. In addition, FHA mortgage insurance requires an annual fee of up to 0.5 percent of the current loan amount, paid in monthly installments. The lower the downpayment, the more years the fee must be paid.
Firm Commitment: A promise by Federal Housing Administration to insure a mortgage loan for a specified property and borrower. A promise from a lender to make a mortgage loan.
First Mortgage: The primary lien against a property.
Fixed Installment: The monthly payment due on a mortgage loan, including payment of both principal and interest.
Fixed-Rate Mortgage (FRM): A loan on which the interest rate and monthly payment do not change.
For Sale By Owner (FSBO): The owner sells his or her home without a REALTOR® to avoid paying a sales commission.
Foreclosure: A legal process by which the lender or the seller forces a sale of a mortgaged property because the borrower has not met the terms of the mortgage. Also known as a repossession of property.
Federal Home Loan Mortgage Corporation (Freddie Mac): A quasi-governmental, privately owned agency that purchases conventional mortgage from insured depository institutions and HUD-approved mortgage bankers. Fannie Mae and Freddie Mac are the key secondary mortgage-market agencies
Fully Amortized ARM: An adjustable-rate mortgage (ARM) with a monthly payment that is sufficient to amortize the remaining balance, at the interest accrual rate, over the amortization term.
G
Graduated-Payment Mortgage (GPM): A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortization built into it.
Growing-Equity Mortgage (GEM): A fixed-rate mortgage that provides scheduled payment increases over an established period of time. The increased amount of the monthly payment is applied directly toward reducing the remaining balance of the mortgage.
Guaranty: A promise by one party to pay a debt or perform an obligation contracted by another if the original party fails to pay or perform according to a contract.
Guarantee Mortgage: A mortgage that is guaranteed by a third party.
H
Hazard Insurance: A form of insurance in which the insurance company protects the insured from specified losses, such as fire, windstorm and the like.
Homeowner?s Warranty: A policy that covers certain repairs (e.g. plumbing or heating) of a newly purchased home for a certain period of time.
Housing Expenses-to-Income Ratio: The ratio, expressed as a percentage, which results when a borrower?s housing expenses are divided by his or her gross monthly income.
HUD-1 statement: A document that provides an itemized listing of the funds that are payable at closing. Items that appear on the statement include real estate commissions, loan fees, points and initial escrow amounts. A separate number within a standardized numbering system represents each item on the statement. The totals at the bottom of the HUD-1 statement define the seller?s net proceeds and the buyer?s net payment at closing.
I
Impound Account: An account established by a lender to collect a borrower?s property tax and insurance payments. Impound accounts are normally required on mortgages with down payments of 10 percent or less.
Index: A published interest rate against which lenders measure the difference between the current interest rate on an adjustable rate mortgage and that earned by other investments (such as one-, three- and five-year U.S. Treasury security yields, the monthly average interest rate on loans closed by savings and loan institutions, and the monthly average costs-of-funds incurred by savings and loans), which is then used to adjust the interest rate on an adjustable mortgage up or down.
Indexed rate: The sum of the published index plus the margin. For example if the index were 9 percent and the margin 2.75 percent, the indexed rate would be 11.75 percent. Often, lenders charge less than the indexed rate the first year of an adjustable-rate mortgage.
Initial Interest Rate: This refers to the original interest rate of the mortgage at the time of closing. This rate changes for an adjustable-rate mortgage (ARM). It?s also known as “start rate” or “teaser.”
Installment: The regular periodic payment that a borrower agrees to make to a lender.
Insured Mortgage: A mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (MI).
Interest: The fee charged for borrowing money.
Interest Accrual Rate: The percentage rate at which interest accrues on the mortgage. In most cases, it is also the rate used to calculate the monthly payments.
Interest Rate Buydown Plan: An arrangement that allows the property seller to deposit money to an account. That money is then released each month to reduce the mortgagor?s monthly payments during the early years of a mortgage.
Interest Rate Ceiling: For an adjustable-rate mortgage, the maximum interest rate as specified in the mortgage note.
Interest Rate Floor: For an adjustable-rate mortgage, the minimum interest rate as specified in the mortgage note.
Interim Financing: A construction loan made during completion of a building or a project. A permanent loan usually replaces this loan after completion.
Investor: A money source for a lender.
L
Lease-Purchase Mortgage Loan: An alternative financing option that allows low- and moderate-income homebuyers to lease a home with an option to buy. Each month?s rent payment consists of principal, interest, taxes and insurance (PITI) payments on the first mortgage plus an extra amount that accumulates in a savings account for a downpayment.
Liabilities: A person?s financial obligations. Liabilities include long-term and short-term debt.
Lien: A claim upon a piece of property for the payment or satisfaction of a debt or obligation.
Lifetime Payment Cap: For an adjustable-rate mortgage, a limit on the amount that payments can increase or decrease over the life of the mortgage.
Lifetime Rate Cap: For an adjustable-rate mortgage, a limit on the amount that the interest rate can increase or decrease over the life of the loan.
Listing: A property placed on the market by a listing agent.
Loan: A sum of borrowed money (principal) that is generally repaid with interest.
Loan-to-Value (LTV) Ratio: The ratio of the amount of money owed on a home to the home?s value. The LTV ratio for a $100,000 home financed with a $90,000 mortgage would be 90 percent, for example.
Lock: Lender?s guarantee that the mortgage rate quoted will be good for a specific number of days from day of application.
M
Margin: The amount a lender adds to the index on an adjustable-rate mortgage to establish the adjusted interest rate.
Market Value: The highest price that a buyer would pay and the lowest price a seller would accept on a property. Market value may be different from the price a property could actually be sold for at a given time.
Maturity: The date on which the principal balance of a loan becomes due and payable.
Mediation: A process used to resolve disputes. In mediation, the parties to the dispute are assisted by a neutral third person called a mediator. The mediator is not empowered to impose a settlement or decision on the parties; rather, the mediator facilitates discussions and negotiation between the parties with the goal of assisting the parties in reaching a mutually acceptable settlement of their dispute.
MIP (Mortgage Insurance Premium): Insurance from FHA to the lender against incurring a loss on account of the borrower?s default.
Monthly Fixed Installment: That portion of the total monthly payment that is applied toward principal and interest. When a mortgage negatively amortizes, the monthly fixed installment does not include any amount for principal reduction and doesn?t cover all of the interest. The loan balance therefore increases instead of decreasing.
Mortgage: A legal document that pledges a property to the lender as security for payment of a debt.
Mortgage Banker: A company that originates mortgages for sale into the secondary mortgage market (e.g., Fannie Mae and Freddie Mac).
Mortgage Broker: An individual or company that arranges mortgage financing between a borrower and a lender.
Mortgagee: The lender.
Mortgage Insurance: Money paid to insure the mortgage when the down payment is less than 20 percent.
Mortgage Life Insurance: A type of term life insurance specifying that in the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceeds.
Mortgage Interest Deduction: The ability of mortgage borrowers to deduct the interest paid on a home loan for purposes of federal and state income taxes.
Mortgager: The borrower or homeowner.
Multiple Listings Service (MLS): The service combines the listings for all available homes in an area, except for For-Sale-By-Owner properties, in one directory or database.
N
Negative Amortization: Occurs when monthly payments are not large enough to pay all the interest due on the loan. This unpaid interest is added to the unpaid balance of the loan. The danger of negative amortization is that the homebuyer ends up owing more than the original amount of the loan.
Net Effective Income: The borrower?s gross income minus federal income tax.
Net Listing: A listing agreement in which the broker?s commission consists of the amount above a net price set by the owner. If the net price is not met, a commission is not earned.
Non-assumption Clause: A statement in a mortgage contract forbidding the assumption of the mortgage without the prior approval of the lender.
Note: A legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of time.
O
One-year Adjustable: Mortgage whose annual rate changes yearly. The rate is usually based on movements of a published index plus a specified margin chosen by the lender.
Open Listing: A property marketed by more than one agent at a time.
Origination Fee: A fee charged by a lender for making a mortgage.
Owner Financing: A property purchase transaction in which the party selling the property provides all or part of the financing.
P
Payment Change Date: The date when a new monthly payment amount takes effect on an adjustable-rate mortgage or a graduated-payment mortgage. Generally, the payment change date occurs in the month immediately after the adjustment date.
Periodic Payment Cap: A limit on the amount that payments can increase or decrease during any one adjustment period.
Periodic Rate Cap: A limit on the amount that the interest rate can increase or decrease during any one adjustment period, regardless of how high or low the index might be.
Permanent Loan: A long-term mortgage, usually 10 years or more. Also called an “end loan.”
PITI: Principal, interest, taxes and insurance — the primary components of a monthly mortgage payment.
Pledged-account Mortgage (PAM): Money is placed in a pledged savings account and this fund plus earned interest is gradually used to reduce mortgage payments.
Points: One point equals 1 percent of the mortgage amount. Points are charged by lenders to increase the lender?s return on the mortgage. Typically, lenders may charge anywhere from zero to two points. Loan points are tax-deductible.
Power of Attorney: A legal document authorizing one person to act on behalf of another.
Pre-approval: The process of determining how much money you will be eligible to borrow before you apply for a loan.
Prepaid Expenses: Necessary to create an escrow account or to adjust the seller?s existing escrow account. Can include taxes, hazard insurance, private mortgage insurance and special assessments.
Prepayment: A privilege in a mortgage permitting the borrower to make payments in advance of their due date.
Prepayment Penalty: Money charged for an early repayment of debt. Prepayment penalties are allowed in some form (but not necessarily imposed) in many states.
Primary Mortgage Market: Lenders, such as savings-and-loan associations, commercial banks and mortgage companies, who make mortgage loans directly to borrowers. These lenders sometimes sell their mortgages to the secondary mortgage markets.
Principal: The loan amount borrowed or still owed.
Private Mortgage Insurance (PMI): Insurance issued by private insurers that protects lenders against a loss if a borrower defaults on a mortgage with a low downpayment (e.g., less than 20 percent).
Q
Qualifying Ratios: Calculations used to determine if a borrower can qualify for a mortgage. They consist of two separate calculations: a housing expense as a percent of income ratio and total debt obligations as a percent of income ratio.

R
Rate Lock: A commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate and lender costs for a specified period of time.
Real Estate Settlement Procedures Act (RESPA): A consumer protection law that requires lenders to give borrowers advance notice of closing costs. RESPA is a federal law that, among other things, allows consumers to review information on known or estimated settlement cost after application and prior to or at settlement. The law requires lenders to furnish the information after application only.
REALTOR®: A real estate broker or agent who, as a member of a local association of REALTORS®, a state association of REALTORS® and the NATIONAL ASSOCIATION OF REALTORS® (link to www.onerealtorplace.com), adheres to high standards of professionalism and a strict code of ethics.
Recission: The cancellation of a contract by putting all parties back to the position before they entered the contract. In some mortgage financing situations involving equity in the home as security, the law gives the homeowner three days to cancel a contract.
Recording Fees: Money paid to the lender for recording a home sale with the local authorities, thereby making it part of the public records.

Refinance: Obtaining a new mortgage loan on a property already owned. Often to replace existing loans on the property.
Renegotiable Rate Mortgage: A loan in which the interest rate is adjusted periodically.
Reverse Annuity Mortgage (RAM): A form of mortgage in which the lender makes periodic payments to the borrower using the borrower?s equity in the home as collateral for and repayment of the loan.
Revolving Liability: A credit arrangement, such as a credit card, that allows a customer to borrow against a pre-approved line of credit when purchasing goods and services.
S
Satisfaction of Mortgage: The document issued by the mortgagee when the mortgage loan is paid in full. Also called a “release of mortgage.”
Second Mortgage: A mortgage made subsequent to another mortgage and subordinate to the first one.
Secondary Mortgage Market: The place where primary mortgage lenders sell the mortgages they make to obtain more funds to originate more new loans. It provides liquidity for the lenders.
Security: The property that will be pledged as collateral for a loan.
Seller Carry-back: An agreement in which the seller provides financing, often in combination with an assumable mortgage.
Seller Financing: A financing agreement in which a seller provides part (or all) of the financing needed by a buyer to purchase the seller?s home.
Servicer: An organization that collects principal and interest payments from borrowers and manages borrowers? escrow accounts. The servicer often services mortgages that have been purchased by an investor in the secondary mortgage market.
Servicing: All the steps and operations a lender performs to keep a loan in good standing, such as collection of payments, payment of taxes, insurance, property inspections and the like.
Shared-Appreciation Mortgage (SAM): A mortgage in which a borrower receives a below-market interest rate in return for which the lender (or another investor such as a family member or other partner) receives a portion of the future appreciation in the value of the property. May also apply to a mortgage where the borrower shares the monthly principal and interest payments with another party in exchange for part of the appreciation.
Simple Interest: Interest that is computed only on the principle balance.
Standard Payment Calculation: The method used to determine the monthly payment required to repay the remaining balance of a mortgage in substantially equal installments over the remaining term of the mortgage at the current interest rate.
Step-Rate Mortgage: A mortgage that allows for the interest rate to increase according to a specified schedule (i.e., seven years), resulting in increased payments as well. At the end of the specified period, the rate and payments will remain constant for the remainder of the loan.
Survey: A measurement of land, prepared by a registered land surveyor, showing the location of the land with reference to known points, its dimensions, and the location and dimensions of any buildings.
Sweat Equity: Equity created by a purchaser performing work on a property being purchased.
T
Third-Party Origination: When a lender uses another party to completely or partially originate, process, underwrite, close, fund or package the mortgages it plans to deliver to the secondary mortgage market.
Title: A legal concept relating to ownership of property.
Title Insurance: Insurance to protect the buyer and lender against losses arising from disputes over the ownership of a property.
Title Search: An examination of public records to determine the legal ownership of property. Usually the records are recorded with the County Recorders office. The search is usually performed by a title company using computerized records.
Total Expense Ratio: Total obligations as a percentage of gross monthly income including monthly housing expenses plus other monthly debts.
Truth In Lending Act: A federal law requiring disclosure of the annual percentage rate to homebuyers shortly after they apply for the loan. Also known as Regulation Z.
Two-Step Mortgage: A mortgage in which the borrower receives a below-market interest rate for a specified number of years (most often seven or 10), and then receives a new interest rate adjusted (within certain limits) to market conditions at that time. The lender sometimes has the option to call the loan due with 30 days notice at the end of seven or 10 years.
U
Underwriting: The process of evaluating a loan application to determine if it meets the lender?s standards.
Usury: Interest charged in excess of the legal rate established by law.
V
VA Loan: A long-term, low- or no-downpayment loan guaranteed by the Department of Veterans Affairs. Restricted to individuals qualified by military service or other entitlements.
VA Mortgage Funding Fee: A premium of up to 1.5 percent (depending on the size of the downpayment) paid on a VA-backed loan. On a $75,000 fixed-rate mortgage with no down payment, this would amount to $1,406 either paid at closing or added to the amount financed.
Verification of Deposit (VOD): A document signed by the borrower?s financial institution verifying the status and balance of that person?s financial accounts.
W
Warehouse Fee: Many mortgage firms must borrow funds on a short-term basis in order to originate loans that are to be sold later in the secondary mortgage market or to investors. When the prime rate of interest is higher on short-term loans than on mortgage loans, the mortgage firm has an economic loss that is offset by charging a warehouse fee.
Wraparound Mortgage: Results when an existing assumable loan is combined with a new loan, resulting in an interest rate somewhere between the old rate and the current market rate. The payments are made to a second lender or the previous homeowner, who then forwards the payments to the first lender after taking the additional amount off the top.

Homeowners Reap Remodeling Benefits Whether Selling or Staying, Say Realtors®

Homeowners Reap Remodeling Benefits Whether Selling or Staying, Say Realtors®

Homeowners Reap Remodeling Benefits Whether Selling or Staying, Say Realtors®

WASHINGTON (December 9, 2015) — Homeowners preparing to sell often make improvements, both big and small, to their homes that can help yield positive results and garner top dollar from buyers. According to a new report from the National Association of Realtors®, remodeling projects can also bring major benefits to homeowners who choose to remain in their homes.

“Realtors® know that certain home upgrades and remodels can be beneficial to get more buyer eyes on a property, potentially bring in more offers or gain more equity from a home,” said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. “But remodeling projects are just as valuable to homeowners who simply want to get more joy out of their dwellings. Regardless of the situation, Realtors® know what remodeling projects bring the biggest bang for the buck and what projects are most likely to improve a homeowner’s impression of their current place.”

According to NAR’s 2015 Remodeling Impact Report, which uncovers the reasons homeowners choose a remodel and the increased happiness certain projects bring once completed, 64 percent have experienced increased enjoyment in their home after completing a remodeling project. Additionally, 75 percent of respondents said they felt a major sense of accomplishment when thinking of their completed project. Fifty-four percent of respondents felt happy about the changes to their home, and 40 percent felt satisfied. As for their reasons to complete a remodeling project, 38 percent of homeowners said they wanted to upgrade worn-out surfaces, finishes and materials; 17 percent wanted to add features and improve livability; and 13 percent believed it was time for a change.

Realtors® named kitchen upgrades, complete kitchen renovations, bathroom renovations and new wood flooring as the interior projects that most appeal to potential buyers. Similarly, Realtors® also ranked projects based on expected value at resale (without accounting for project price); the projects that ranked the highest in this category were complete kitchen renovations, kitchen upgrades, bathroom renovations and the addition of a bathroom.

When looking at the interior projects that yield the biggest financial results upon resale, Realtors® ranked hardwood flooring refinishes (100 percent of project cost recovered upon resale), insulation upgrades (95 percent recovered), new wood flooring (91 percent recovered), and converting a basement to a living area (69 percent recovered) as projects to consider.

Exterior projects are also important for both sellers and homeowners looking to increase satisfaction with their current home. Realtors® said new roofing, new vinyl windows, new garage doors and new vinyl siding are most appealing to potential buyers and are highly valued upon resale (both considering project price and disregarding project price). Upon resale, Realtors® said new roofing would recover 105 percent of its project cost, a new garage door would recover 87 percent, new vinyl siding would recover 83 percent, and new vinyl windows would bring back 80 percent of their cost. As for exterior projects that bring the most happiness for those not necessarily intending to sell, homeowners said new fiber-cement siding, new fiberglass or steel front doors, new roofing, and new garage doors brought the most satisfaction.

The 2015 Remodeling Impact Report, the first of its kind from NAR that examines personal satisfaction from remodeling projects, surveyed Realtors®, consumers who have completed their own remodeling projects, and members of the National Association of the Remodeling Industry.

“Remodeling projects can greatly improve both the value of and satisfaction with one’s home, which are great things no matter the reason for a project,” said Judy Mozen, president of the National Association of the Remodeling Industry. “This report highlights the best projects to consider in either situation and showcases just how much of a difference a good and professional remodel can make in real numbers.”

Salomone said the report not only assists homeowners who are preparing to sell in choosing the best projects to attract buyers, but it also helps those looking to get more personal satisfaction out of their homes. “Realtors® know that remodeling projects aren’t just done to get more money for a home once it’s time to sell – a home is your sanctuary, the place you raise your family and where you make lifelong memories, which is why the report can also help consumers decide which projects could enhance their current quality of life and happiness,” he said.

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.

The National Association of the Remodeling Industry is the medium for business development, a platform for advocacy and the principal source for industry intelligence. NARI connects homeowners with its professional members and provides tips and tricks so that the consumer has a positive remodeling experience.

Lahontan with View of Northstar Lookout Mountain – Close to Golf & Spa

Lahontan with View of Lookout Mountain & close to golf, spa

…………………….Lahontan with View of Northstar Lookout Mountain – Close to Golf & Spa…………………….

Natural elegance with south facing Lookout Mountain and meadow views. A convenient location and just a short walk to the clubhouse, golf and spa/fitness area. Window walls and spacious living areas highlight this comfortable, easy to live in home with 5 bedrooms, 4.5 baths and office. The 2-sided stone fireplace is enjoyed from both the great room and outdoor deck and patio. A perfect home for family and friends.

Asking $1,795,000 – MLS#: 20153188

To see this Truckee Lahontan mountain real estate property for sale, please call Scott Kennedy @ 530.582.9980

Click here for all Truckee Lahontan 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: Matt Gelso Real Estate.

California Association of Realtors Victorious in Beating Back Mortgage Tax

President Obama today signed H.R. 22, the Surface Transportation Reauthorization and Reform Act of 2015, which does NOT include an extension of the higher guarantee-fees set to expire in 2021.  The bill funds several highway and transit-related projects, with monies coming from a variety of sources. While the Senate version of the long-term transportation bill included this “mortgage tax” to pay for transportation infrastructure, the final version does not. This is a HUGE win for REALTORS® and their clients.In November, the House of Representatives approved a long-term-transportation bill with an amendment to exclude the tax. C.A.R. and the NATIONAL ASSOCIATION OF REALTORS® vigorously opposed the “add-on” fee for all new conforming mortgages in order to pay for transportation infrastructure. This “g-fee,” which was a disguised tax on home buyers, would have cost average California home buyers more than $8,100 over the life of their mortgage on a new home purchase or refinance.

C.A.R. thanks its members, local Association Executives and local Association Government Affairs Directors for their support and efforts in successfully beating back this tax and helping to meet its goal of exceeding a 20 percent response rate to the Call-for-Action. Nearly 31,000 California REALTORS® called or emailed Congress to oppose this proposal.

Dec. 4, 2015

Why Buyers Need to Buy That New Home Now

Your client has decided on new-home construction, but they’re dragging their feet. Need to give them extra motivation to get that contract signed this fall or winter?

“Fall and winter are a great time to start working with a builder and do much of the upfront planning and legwork that goes into a new-construction home,” says Brian Brunhofer, president of Meritus Homes. “Plus, there are some definite advantages to beginning that process before the end of the year that buyers might not be aware of.”

BUILDER online recently highlighted some of those advantages, including:

1. Low interest rates: The 30-year fixed-rate mortgage is still under a 4 percent average, according to Freddie Mac. But most economists are predicting that interest rates will soon be on the rise, and when rates do rise that will deflate buyers’ purchasing power.

2. Buffering in more time: Many buyers fail to take into account the length of the permitting and approval process, which has to take place before the actual construction. “The reality is that after a buyer signs a contract with us, it takes anywhere from 60 to 90 days to get architectural plans submitted and permits approved before we actually start construction,” Brunhofer says. “Buyers who begin that process in the fall or winter can relax knowing they have plenty of time to get all those details taken care of and be 100 percent ready to roll when the early spring construction season starts. And if we have a mild enough winter, we might be able to get a jump on construction for them even earlier in the year.”

3. Taking advantage of the financial benefits: Before the end of the calendar year, builders will have secured their 2016 contract prices for labor and building materials. As such, they’ll adjust their home prices to reflect any increased costs. Buyers who decide to sign a contract with a builder this fall rather than waiting until next spring may see some cost savings by taking advantage of 2015 pricing.

4. Timing the market right: Many families prefer to be able to move into their new-home prior to the beginning of a school year. Buyers who work with builders in the fall and winter will likely be ready to move into their new home by next summer. “Buyers should expect anywhere from five to six months of actual construction time,” Brunhofer says. “That means if we get all the upfront approvals and permitting taken care of during the fall and early winter, we’ll start work the minute the ground thaws and we’ll be wrapped up in time for a summer move-in date.” Also, for buyers with an existing home to sell, they will be able to sell their current home then during the spring time, which is traditionally a busier housing market.

Source: “Give Customers Four Reasons to Buy Now,” BUILDER (Sept. 30, 2015)

Home Buyers: The Bargains are Now…

For home buyers chasing a bargain, they may want to act fast. Closings in January provide the best discount for home buyers, according to Lawrence Yun, the chief economist for the National Association of REALTORS®, in his latest column at Forbes. That means buyers can get the best deals when they get a home under contract around December, Yun writes.

From peak price in August and September, home prices decline by 0.51 percent by January closings, according to the Case-Shiller index. On a typical home price of $220,000, that discount could equate to about $1,122, Yun writes.

“The seasonal decline is not all price depreciation of homes” in winter, Yun notes. “A good portion of movement is driven by a higher proportion of lower priced and smaller-sized homes getting sold during the winter months. The reason for this is that families with school-aged kids are generally not in the market during the winter because they do not want their kids to be disrupted during a school year, and it is the families with kids that generally require the larger homes that carry higher prices.”

The discounts in the winter and during the holidays may be a perfect opportunity for home buyers looking to break in to the housing market.

“Real estate professionals know this to be true in everyday business since there are far fewer buyers shopping over the holidays; as a result, listed homes staying on the market for a longer period. In short, there is a discount to be had for the few buyers purchasing over the holidays.

Source: “Now Is the Best Season to Buy a Home,” Forbes (Dec. 2, 2015)

Squaw Valley – Brand New Ultra Modern Mountain Home for Sale

 

Squaw Valley - Brand New Ultra Modern Mountain Home for Sale

……………………. Squaw Valley – Brand New Ultra Modern Mountain Home for Sale …………………………….

Squaw Spectacular – New to MLS this custom brand new ultra mountain modern home boosts 4 bedrooms, 3.5 bathrooms, large living room with floor to ceiling windows to bring in all the glorious mountain surroundings. Spacious family room and an over sized two car garage to store all your outdoor gear.  High end, state of the art finishing throughout. Wired with Lutron smart home features and much more. One of a kind, amazing home. Gated community with optional Resort amenities.

Asking: $2,850,000  MLS #: 20153150

To see this Squaw Valley real estate property for sale, call Scott Kennedy @ 530.582.9980.

Click here for more information and photos of all Squaw Valley 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: Pacific Union International.

Tahoe Donner – New Construction – Two Master Suites with Fireplaces

Tahoe Donner - New Construction - 2 Master Suites w/ Fireplaces

………………………. Tahoe Donner – New Construction – Two Master Suites with Fireplaces ……………………..

Built with the attention to detail that the discriminating buyer is looking for. Two master suites with fireplaces. Built in entertainment center in great room.  Kitchen features include; center island with prep sink, beverage refrigerator, Kitchenaid appliances, french door refrigerator with custom wood panels and Wolf cook top. Separate family room with free standing gas stove and bar area. Pavered back patio with built in gas fire pit. Central vacuum, pre-wired for sound, alarm and hot tub and more!!

Asking: $1,250,000  MLS #: 20153152

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

Click here for all Truckee Tahoe-Donner real estate cabins, condos & 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.

Northstar – Extensive Remodel with New Kitchen, Dining Room & Many Upgrades

Northstar - Extensive Remodel with New Kitchen, Dining Room & Many Upgrades

………….   Northstar – Extensive Remodel with New Kitchen, Dining Room & Many Upgrades   …………….

Enjoy all that Northstar has to offer from this beautiful home! The owner is currently putting the finishing touches on an extensive remodel which includes a new kitchen, dining room and many upgrades throughout. This home is on a near level lot, making for easy access in winter. A short shuttle bus ride takes you to the ski area, recreation center or Tomkins Trail system. A spacious rear deck allows for summer entertaining and BBQ’s.   A must see in Northstar!

Asking: $939,000  MLS #: 20153148

To see this Northstar ski mountain home 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: Sheridan Brokers Northstar R.E.

Squaw Valley Opens Top-to-Bottom Friday Nov. 27th

OVER A FOOT OF NEW SNOW

Squaw Valley will be open top to bottom starting Friday

We’ve got a lift and terrain update we think you’ll like. Starting this Friday Squaw Valley will be open top to bottom!

Details*:
• Squaw Creek opens on Thanksgiving Day
• Mountain Run opens on Friday at Squaw Valley, which means you’ll be skiing top to bottom
• Roundhouse Express at Alpine Meadows opens on Friday

You’ll find additional trails open off each lift as the snow continues to fall and conditions allow for more snowmaking. And the forecast calls for it to keep snowing through this weekend. Get out there and have some fun!

*All operations are subject to change due to weather and conditions.

Shirley Lake Express opening Saturday, November 28th

NEARLY 5 FEET OF SNOW THIS MONTH

Top to bottom skiing and Shirley Lake opens Saturday

Yesterday we got to announce that, starting Friday, Squaw Valley will be open top to bottom with the addition of the Mountain Run and that Roundhouse Express at Alpine Meadows will be open. Today we get to share the good news that Shirley Lake Express will be opening on Saturday! Now that’s how we like our Thanksgiving Day to roll.

With over a foot of new snow in the last week, and a forecast that calls for it to keep snowing through this weekend, we find ourselves grateful. Grateful for all of you and all of this early season snow.

We wish you a very happy Thanksgivng Day and we hope to see you here soon.

Northstar – On the Golf Course – Ideal for Entertaining

Northstar - On the Golf Course -Ideal for Entertaining

…………………………….. Northstar – On the Golf Course -Ideal for Entertaining …………………………….

Incredible Northstar property located on the golf course and just minutes from the bus stop that brings you up to the Village. This home is ideal for entertaining. It consists of 5 spacious bedrooms each with their own bathroom, open dining and living room with towering vaulted ceilings and tons of windows and light. Large open kitchen plus a breakfast nook that leads out to the back deck and the golf course. Impressive master suite with beautiful master bathroom. Over-sized two car garage.

Asking: $1,199,000  MLS #: 20153133

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

To see this Northstar classic mountain home for sale, please call Scott Kennedy @ 530.582.9980.

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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.

6 Home Repairs Owners Shouldn’t Delay

Some home repairs that owners linger on could turn into financial catastrophe. BobVila.com recently highlighted several things home owners should repair in their home before it’s too late, including:

1. Gutters: If not cleared, gutters – crucial for proper drainage — could be the root of problems for home owners. During the winter, clogged gutters could lead to ice or water damage. Also, gutters and downspouts that are overflowing with leaves or that appear to not be draining properly or draining toward the house can also cause water issues.

2. Decks: Loose railings along your porch, deck, or steps should not be ignored. The fix may be as simple as a few screws that need to be tightened in a few places. But if ignored, a loose rail could give in and risk injury and more costly repairs.

Read more: Home Improvement Spending Is Booming

3. Water spots: A spot on the ceiling should be handled immediately. The cause, however, of the water damage may not be obvious. A roofing contractor may be the first source of contact to determine if it’s from a loose shingle.

4. Asphalt cracks: Water that seeps in and then freezes can cause cracks to get wider. The water may also saturate the soil underneath the driveway and cause a shift overtime. Home owners should seal their driveway as soon as they notice any signs of wear to prevent damage from rain, snow, ice, or sunlight.

5. Leaky faucets: A slight drip or a running toilet is not an issue that should be overlooked either. These may be signs of a bigger problem and the fix will likely save you money on your water bills. Small leaks can get bigger if left ignored and become more costly to repair.

6. Blocked chimneys: Proper maintenance of chimneys is important or home owners could risk suffering from a fire or smoke inhalation. Soot and creosote build up in in the interior of chimneys and need to be removed. Also, owners would be wise to inspect the chimney cap to make sure it’s not rusty or damaged to prevent debris or pests from coming into the home.

Source: “Time’s Up: 9 Things to Repair in Your Home Before it’s Too Late,” BobVila.com (November 2015)

California pending home sales bounce back in October 2015

Southern California and Bay Area regions rise, Central Valley posts lower

LOS ANGELES (Nov. 24) – Pending home sales bounced back from the previous month at the statewide level in October, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Pending sales were also significantly higher on an annual basis, portending higher closed escrows in the next couple of months.

In a separate report, California REALTORS® responding to C.A.R.’s October Market Pulse Survey saw a nominal increase in sales with multiple offers compared with September and an increase in the number of offers received. The number of floor calls and open house traffic declined, however, primarily reflecting seasonal factors as the market enters the end of the home-buying season. The Market Pulse Survey is a monthly online survey of more than 300 California REALTORS®, which measures data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.

Pending home sales data:

• Statewide pending home sales increased in October, with the Pending Home Sales Index (PHSI)* rising 2.5 percent from a revised 110.7 in September to 113.4 in October, based on signed contracts. The month-to-month gain was better than the average increase of 0.9 percent from September to October observed in the last seven years.

• On an annual basis, statewide pending home sales were up 13.9 percent from the revised 99.5 index recorded in October 2014. Pending sales have been increasing on a year-over-year basis since November 2014 and have seen double-digit increases for nine straight months.

• At the regional level, pending sales were higher on a year-over-year basis in all areas, with Southern California and Central Valley both increasing at a double-digit rate compared to last October.

• San Francisco Bay Area pending sales rose 16.3 percent to reach an index of 145.6 in October, up from September’s 125.2 and up 16.1 percent from October 2014’s 125.4 index.

• Pending home sales in Southern California increased to 94.3 in October, up 9.8 percent from 85.9 in September and up 9 percent from an index of 86.5 a year ago.

• Central Valley pending sales dropped in October to reach an index of 89.5, down 13.9 percent from September’s 103.9 index but up 18.6 percent from October 2014’s 75.5 index.

Equity and distressed housing market data:

• The share of equity sales – or non-distressed property sales – dipped in October but remained at the highest levels since the fall of 2007. Equity sales now make up 93.7 percent of all sales, up from 91.5 percent a year ago.

• The combined share of all distressed property sales (REOs and short sales) edged up in October to 6.3 percent of total sales, but was down from 8.5 percent a year ago.

• Fifteen of the 44 counties that C.A.R. reports showed month-to-month decreases in their share of distressed sales, with Mariposa having the smallest share of distressed sales at 0 percent, followed by San Francisco (0.4 percent), San Mateo (0.8 percent), and Santa Cruz (1.3 percent). Madera had the highest share of distressed sales at 19 percent, followed by Siskiyou (16.4 percent), Yuba (12.1 percent), and Tulare (11.9 percent).

October REALTOR® Market Pulse Survey**:

• More than one in four homes (27 percent) closed above asking price in October, and nearly half (47 percent) closed below asking price. One-fourth (25 percent) closed at asking price.

• For the one in four homes that sold above asking price, the premium paid over asking price fell to an average of 8.9 percent, down from 11 percent in September and up from 8.4 percent in October 2014.

• The 46 percent of homes that sold below asking price sold for an average of 12 percent below asking price in October, up from 10 percent in September and up from 6.3 percent in October 2014.

• About two-thirds (64 percent) of properties received multiple offers in October, indicating the market remains competitive. Fifty-one percent of properties received multiple offers in October 2014.

• The average number of offers per property increased to 3.2 in October, up from 2.4 in September and up from 2.3 in October 2014.

• With home prices leveling off in recent months, more sellers are adjusting their listing price to become more in line with buyers’ expectations. One-third (32 percent) of properties had price reductions in October, the highest level reached in the last 12 months.

• REALTOR® respondents reported that floor calls, listing appointments, and open house traffic all declined in October, mostly due to seasonal factors.

• When asked what REALTORS®’ biggest concerns are, more than one in five (22 percent) said low housing affordability, 21 percent indicated a lack of housing inventory, 16 percent cited overinflated home prices, and 12 percent said a slowdown in economic growth.

• On a positive note, four of five REALTORS® believe market conditions will either improve or remain the same next year.

Graphics (click links to open):

• Pending home sales by region.
• More transactions closing above asking price.
• Premium paid over asking price declines.
• REALTORS®’ expectations of market conditions.

*Note:  C.A.R.’s pending sales information is generated from a survey of more than 70 associations of REALTORS® and MLSs throughout the state.  Pending home sales are forward-looking indicators of future home sales activity, offering solid information on future changes in the direction of the market.  A sale is listed as pending after a seller has accepted a sales contract on a property.  The majority of pending home sales usually becomes closed sales transactions one to two months later.  The year 2008 was used as the benchmark for the Pending Homes Sales Index.  An index of 100 is equal to the average level of contract activity during 2008.

**C.A.R.’s Market Pulse Survey is a monthly online survey of more than 300 California REALTORS® to measure data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Four of Five REALTORS Believe Market Conditions Either Improve or Remain the Same in 2016

For of Five REALTORS Believe Market Conditions Either Improve or Remain the Same in 2016

Four of Five REALTORS Believe Market Conditions Either Improve or Remain the Same in 2016

5 Key Housing Stats From NAR’s Latest Report

Mortgage rates are still below 4 percent but the low financing rates aren’t luring more buyers this fall. All four major regions of the U.S. saw a decrease in existing-home sales in October, according to the National Association of REALTORS®’ latest housing report.

Regional Snapshot

Here are existing-home sales fared in October across the country:

  • Northeast: home sales were at an annual rate of 760,000 – 8.6 percent above a year ago. Median home price: $248,900, which is 1.3 percent higher than October 2014.
  • Midwest: sales fell 0.8 percent to an annual rate of 1.30 million but are 8.3 percent above year ago levels. Median home price: $172,300, up 5.7 percent from a year ago.
  • South: sales dropped 3.2 percent last month to an annual rate of 2.14 million but are 0.5 percent above a year ago. Median home price: $188,800, up 6.2 percent from a year ago.
  • West: sales dropped 8.7 percent to an annual rate of 1.16 million in October but are 2.7 percent above October 2014. Median home price: $319,000, which is 8 percent above a year ago.

Source: National Association of REALTORS®

Existing-home sales – which are completed transactions for single-family homes, townhomes, condos, and co-ops – dropped 3.4 percent to a seasonally adjusted annual rate of 5.36 million in October. Despite the drop, sales are still nearly 4 percent above a year ago, when sales were at 5.16 million.

“New and existing-home supply has struggled to improve so far this fall, leading to few choices for buyers and no easement of the ongoing affordability concerns still prevalent in some markets,” says Lawrence Yun, NAR’s chief economist. “Furthermore, the mixed signals of slowing economic growth and volatility in the financial markets slightly tempered demand and contributed to the decreasing pace of sales. As long as solid job creation continues, a gradual easing of credit standards even with moderately higher mortgage rates should support steady demand and sales continuing to rise above a year ago.”

Here’s a closer look at the numbers behind NAR’s latest housing report for October sales:

1. Home prices: The median existing-home price for all housing types last month was $219,600, which is 5.8 percent above a year ago. Last month marks the 44th consecutive month of year-over-year price gains.

2. Housing inventory: Total housing inventory at the end of last month fell 2.3 percent to 2.14 million existing homes for-sale. Inventories are now 4.5 percent lower than a year ago. Unsold inventory is at a 4.8-month supply at the current sales pace.

3. Distressed sales: Foreclosures and short sales dropped to 6 percent in October, the lowest since NAR began tracking such data in 2008. Last year, distressed sales comprised 9 percent of the market share. In October, 5 percent of sales were foreclosures and 1 percent were short sales. Foreclosures sold for an average discount of 18 percent below market value while short sales were discounted on average 8 percent.

4. Days on the market: Properties typically stayed on the market for an average of 57 days in October, a drop from the 63 days in October 2014. One-third of homes sold in October were on the market for less than a month. Short sales were on the market the longest mount of time at a median of 90 days, while foreclosures sold in an average of 67 days and non-distressed homes took 57 days.

5. All-cash transactions: All-cash sales comprised 24 percent of transactions last month, down from 27 percent a year ago. Individual investors, who account for the bulk of cash sales, purchased 13 percent of homes last month, down from 15 percent a year ago. “All-cash and investor sales are still somewhat elevated historically despite the diminishing number of distressed properties,” Yun says. “With supply already meager at the lower-end of the price range, competition from these buyers only adds to the list of obstacles in the path for first-time buyers trying to reach the market.”

Source: National Association of Realtors

Caltrans expecting 12-18 inches over Donner Pass for Thanksgiving driving

November 23, 2015

MARYSVILLE –The California Department of Transportation (Caltrans) District 3 is alerting motorists traveling over the Thanksgiving holiday to be prepared for travel delays. Increased numbers of holiday travelers, combined with an oncoming cold winter storm arriving on Tuesday, November 24, will result in roadway congestion and winter driving conditions.

Caltrans encourages motorists to allow for extra time when traveling to transit locations such as airports, train, and bus stations.  The additional travelers utilizing these locations will result in overcrowded parking facilities.  Plans for alternate parking locations or transportation options such as public transit or carpooling are recommended.

Caltrans is also alerting motorists to be prepared for winter driving conditions, particularly in the snowy Sierra. The National Weather Service (NWS) expects a very cold winter storm to arrive Tuesday with snow levels dropping to 1,500 feet.  Twelve to 18 inches of snow are predicted over Interstate 80’s Donner Summit and U.S. Highway 50’s Echo Summit Tuesday night and Wednesday morning.  With nighttime foothill temperatures dipping below freezing and overnight Sierra temperatures in the single digits continuing through the holiday weekend, snowy and icy driving conditions will result. Caltrans strongly encourages motorists to follow these winter driving tips:

WINTERIZE YOUR VEHICLE

  • Check your antifreeze level and make sure it is properly filled and formulated for winter temperatures.
  • Check your tire pressure and tread.
  • Replace the wiper blades and fill the windshield wiper fluid reservoir; be sure to use a winter formula to help de-ice windshields.
  • Carry tire chains that are the correct size for your tires, in good working order and practice installing the chains before needing to use them.
  • Have a full tank of fuel before traveling.

CARRY A TRAVEL KIT

  • Have blankets, extra clothing, food and water, towels, a shovel, a flashlight, an ice scraper, a small bag of sand or kitty litter and road flares.
  • When traveling with children, carry small activity packs for them to help prevent driver distractions.
  • Have a fully charged cell phone before leaving and carry a car charger.

DRIVE CAREFULLY

  • Reduce speeds during winter weather and allow for additional stopping time.
  • Turn on headlights to see and be seen.
  • Turn off cruise control.
  • Avoid quick starts, stops and fast turns. Accelerate, brake and steer smoothly and gradually.
  • Keep additional distance from other vehicles.
  • Watch carefully for snow removal equipment and don’t crowd the plow. Only pass snow removal vehicles when a safe, legal passing area is available and sight distance is good.
  • Use extra caution on bridges, ramps, overpasses and shaded areas; they may freeze first.
  • If your vehicle begins to skid, steer in the direction of slide and slowly remove your foot from accelerator.

CHECK CONDITIONS FREQUENTLY

  • Check out Caltrans’ “QuickMap” for current road conditions and chain requirements at http://quickmap.dot.ca.gov/. A mobile version is also available.
  • Motorists also can use the California Highway Information Network automated phone service by calling 1-800-427-ROAD (7623).
  • Motorists can see real-time conditions before they hit the road by using our map of traffic cameras in the Sacramento Valley, up Interstate 80, U.S. Highway 50 and around the Tahoe Basin.
  • For Interstate 80 and Highway 50 updates, follow Caltrans District 3 on Twitter and Facebook to receive the latest information about current roadway conditions.
  • For forecast information, visit the National Weather Service website.

ANTICIPATE DELAYS AND CLOSURES

  • Understand that winter weather and road conditions can change rapidly and allow for extra travel time.
  • Make sure you share the route you intend to take with friends or family.

October 2015 Home Sales and Price Report

California home sales and price decrease in October as affordability crunch impacts housing market

– Existing, single-family home sales totaled 403,510 in October on a seasonally adjusted annualized rate, down 5.1 percent from September and up 1.3 percent from October 2014.

– Statewide sales were above the 400,000 mark for the seventh straight month.

– October’s statewide median home price was $475,990, down 1.3 percent from September and up 5.7 percent from October 2014.

LOS ANGELES (Nov. 17) – California’s housing market softened in October as both statewide sales and median price contracted from the previous month and is still on target to meet forecast projections, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Home sales exceeded the 400,000 level in October for the seventh consecutive month and posted higher on a year-to-year basis for the ninth straight month. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 403,510 units in October, 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 2015 if sales maintained the October pace throughout the year.  It is adjusted to account for seasonal factors that typically influence home sales.

The October figure was down 5.1 percent from the revised 425,120 level in September and up 1.3 percent compared with home sales in October 2014 of a revised 398,510. The year-to-year increase was the lowest since January 2015 and was significantly below the six-month average of 9.7 percent observed between April 2015 and September 2015.

“The slowdown in October’s home sales could be attributed to the financial turmoil and global economic uncertainty that took place in August and September, as some prospective buyers took a wait-and-see approach,” said 2016 C.A.R. President Ziggy Zicarelli. “With job growth increasing the most since late 2014 and interest rates remaining below 4 percent, the demand for housing should continue to grow at a modest pace. Statewide sales are on track to finish the year with a mid-single-digit increase from last year.”

The median price of an existing, single-family detached California home slipped 1.3 percent in October to $475,990 from a revised $482,150 in September.  October’s median price was 5.7 percent higher than the revised $450,460 recorded in October 2014. 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.

“Housing affordability is an issue in many parts of California, and the impact it has on sales varies from region to region. In the Bay Area, a persistent shortage of homes for sale put upward pressure on housing prices and is now presenting significant affordability challenges to home buyers in the region,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “With home prices in the Bay Area averaging more than 7 percent higher than a year ago, we’re now seeing the negative effect on sales due to low housing affordability as higher prices have put homebuying out of reach for many potential buyers.”

Other key points from C.A.R.’s October 2015 resale housing report include:

• While sales continued to improve from last year at the state level, the number of active listings continued to drop from the previous year. Active listings for California dropped 5.6 percent from September and decreased 7.6 percent from October 2014.

• While sales were slightly higher from a year ago at the state level, the number of active listings continued to drop from the previous year. The October Unsold Inventory Index remained at 3.7 months for the third straight month, unchanged from September and down from 3.8 months in October 2014. The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate. A six- to seven-month supply is considered typical in a normal market.

• The median number of days it took to sell a single-family home increased in October to 35.5 days, compared with 32.6 days in September and 38.7 days in October 2014.

• According to C.A.R.’s newest housing market indicator which measures the sales-to-list price ratio*, properties are generally selling below the list price, except in the San Francisco Bay Area, where a lack of homes for sale is pushing sales prices higher than original asking prices.  The statewide measure suggests that homes sold at a median of 98.2 percent of the list price in October, up from 97.7 percent at the same time last year. The Bay Area is the only region where homes are selling above original list prices due to constrained supply with a ratio of 102.2 percent in October, up from 101.2 percent a year ago.

• The average price per square foot** for an existing single-family home was $237 in October 2015, up from $231 in October 2014.  Price per square foot at the state level has been stabilizing in the last few months as the statewide median price began leveling off and slowing to an average increase of 1.4 percent in the past three months.

• San Francisco had the highest price per square foot in October at $778/sq. ft., followed by San Mateo ($745/sq. ft.), and Santa Clara ($572/sq. ft.).  The three counties with the lowest price per square foot in October were Siskiyou ($115/sq. ft.), Madera ($120/sq. ft.), and Kings and Tulare both at $121/sq. ft.

• Mortgage rates were unchanged in October, with the 30-year, fixed-mortgage interest rate averaging 3.80 percent, down from 3.89 percent in September and from 4.04 percent in October 2014, according to Freddie Mac.  Adjustable-mortgage interest rates also were essentially the same, averaging 2.56 percent in October, down incrementally from 2.59 percent in September but up from 2.41 percent in October 2014.

Graphics (click links to open):

• October sales at-a-glance infographic.
• Change in sales by price range.
• Share of sales by price range.
• Sales to active listings ratio.
• Sales to list ratio.
• 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® (www.car.org) is one of the largest state trade organizations in the United States with 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
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October 2015 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)

October-15 Median Sold Price of Existing Single-Family Homes Sales
State/Region/County Oct-15 Sep-15   Oct-14   MTM% Chg YTY% Chg MTM% Chg YTY% Chg
CA SFH (SAAR) $475,990 $482,150 $450,460 r -1.3% 5.7% -5.1% 1.3%
CA Condo/Townhomes $391,340 $389,970 $376,900 r 0.4% 3.8% -7.7% -2.7%
Los Angeles Metropolitan Area $441,360 $438,120 $412,190 0.7% 7.1% -1.4% 1.2%
Inland Empire $293,090 $288,680 $274,630 1.5% 6.7% -3.3% 2.4%
S.F. Bay Area $790,580 $796,470 $737,000 r -0.7% 7.3% -1.6% -8.9%
S.F. Bay Area                  
Alameda $711,990 $739,580 $659,660 r -3.7% 7.9% -0.1% -11.9%
Contra-Costa $726,400 $784,000 $695,690 r -7.3% 4.4% -1.7% -9.5%
Marin $1,207,140 $1,043,270 $969,700 15.7% 24.5% 12.0% -11.7%
Napa $664,470 $659,480 $599,140 0.8% 10.9% -43.4% -33.0%
San Francisco $1,294,120 $1,189,520 $1,200,760 r 8.8% 7.8% 50.3% -15.4%
San Mateo $1,188,940 $1,200,000 $1,071,000 -0.9% 11.0% -10.4% -20.4%
Santa Clara $951,000 $955,000 $870,000 -0.4% 9.3% -8.1% -8.7%
Solano $355,420 $362,500 $327,460 -2.0% 8.5% -2.2% 8.8%
Sonoma $548,840 $562,070 $487,930 -2.4% 12.5% 6.1% 8.6%
Southern California
Los Angeles $509,570 $517,750 $477,600 -1.6% 6.7% 5.3% -1.4%
Orange $704,370 $707,700 $692,390 -0.5% 1.7% -10.9% 1.9%
Riverside $334,660 $329,200 $321,750 1.7% 4.0% -3.6% 4.5%
San Bernardino $231,330 $229,890 $208,080 0.6% 11.2% -2.9% -0.7%
San Diego $539,000 $539,340 $493,030 -0.1% 9.3% -3.3% -0.5%
Ventura $604,610 $599,710 $583,810 0.8% 3.6% -6.4% 11.6%
Central Coast
Monterey $486,000 $480,000 $460,000 1.3% 5.7% 7.1% -1.6%
San Luis Obispo $540,480 $536,250 $455,660 0.8% 18.6% -1.8% 3.4%
Santa Barbara $636,360 $724,140 $570,000 -12.1% 11.6% -9.0% -4.2%
Santa Cruz $743,750 $755,000 $715,000 -1.5% 4.0% -23.5% -6.6%
Central Valley
Fresno $214,620 $215,970 $200,600 -0.6% 7.0% -2.5% 4.3%
Glenn $206,250 $225,000 $167,500 -8.3% 23.1% 28.6% 5.9%
Kern (Bakersfield) $208,500 $215,000 r $215,000 -3.0% -3.0% -8.3% -0.8%
Kings $183,330 $197,500 $168,670 -7.2% 8.7% -12.6% 13.7%
Madera $207,500 $216,670 $210,420 r -4.2% -1.4% 9.3% 15.7%
Merced $196,250 $210,710 $190,710 -6.9% 2.9% -9.3% -7.0%
Placer $394,720 $392,820 $380,170 0.5% 3.8% -4.9% 3.3%
Sacramento $292,150 $289,760 $270,150 0.8% 8.1% -6.3% 7.7%
San Benito $487,500 $466,000 $435,000 4.6% 12.1% 19.5% 8.9%
San Joaquin $278,210 $294,060 $263,270 -5.4% 5.7% -2.2% 6.0%
Stanislaus $259,620 $253,500 $228,630 2.4% 13.6% -2.9% 11.7%
Tulare $190,000 $190,370 $179,060 -0.2% 6.1% -1.6% -2.8%
Other Counties in California
Amador $255,000 $233,330 $265,000 9.3% -3.8% -12.5% -14.6%
Butte $265,240 $247,320 $233,780 r 7.2% 13.5% 17.2% 3.8%
Calaveras $243,480 $260,290 $247,370 r -6.5% -1.6% 17.9% 36.6%
Del Norte $246,870 $216,670 $157,500 r 13.9% 56.7% 68.8% 28.6%
El Dorado $378,070 $399,270 $355,800 -5.3% 6.3% -13.8% -10.2%
Humboldt $258,090 $268,480 $260,340 -3.9% -0.9% 30.3% 17.3%
Lake $211,360 $216,180 $190,000 -2.2% 11.2% 3.0% 13.1%
Mariposa $250,000 $237,500 $225,000 5.3% 11.1% -16.7% 42.9%
Mendocino $325,000 $341,180 $337,500 -4.7% -3.7% 9.1% 0.0%
Nevada $336,960 $350,000 $315,520 r -3.7% 6.8% 10.7% 3.9%
Plumas $260,000 $258,330 $255,000 r 0.6% 2.0% -29.2% -27.7%
Shasta $236,540 $235,940 $220,920 0.3% 7.1% -1.8% -0.9%
Siskiyou $186,000 $178,330 $161,670 4.3% 15.0% 12.2% 77.4%
Sutter $252,500 $230,000 $213,240 9.8% 18.4% 11.8% 10.1%
Tehama $190,000 $188,890 $160,000 0.6% 18.8% 0.0% -20.8%
Tuolumne $252,500 $248,440 $219,640 1.6% 15.0% -6.0% -13.7%
Yolo $378,380 $413,410 $344,740 -8.5% 9.8% -0.7% 24.6%
Yuba $219,050 $225,000 $210,940 -2.6% 3.8% -18.5% -14.3%


October 2015 County Unsold Inventory and Time on Market

(Regional and condo sales data not seasonally adjusted)

October-15 Unsold Inventory Index Median Time on Market
State/Region/County Oct-15 Sep-15   Oct-14   Oct-15 Sep-15   Oct-14  
CA SFH (SAAR) 3.7 3.7 3.8 35.5 32.6 38.7 r
CA Condo/Townhomes 3.0 2.8 3.2 r 31.7 29.6 37.3 r
Los Angeles Metropolitan Area 4.0 3.9 4.3 50.7 47.1 52.2
Inland Empire 4.5 4.4 4.7 52.0 48.9 55.3
S.F. Bay Area 2.5 2.5 2.1 r 23.4 22.3 24.4 r
S.F. Bay Area
Alameda 2.2 2.3 1.8 r 19.5 18.0 20.4 r
Contra-Costa 2.3 2.4 2.0 r 20.9 20.3 23.2 r
Marin 1.7 3.2 2.5 32.3 36.4 38.9
Napa 7.4 4.1 4.7 57.7 58.1 64.8
San Francisco 1.9 3.0 1.4 r 21.2 21.5 22.3 r
San Mateo 2.1 1.9 1.6 18.6 18.7 19.5
Santa Clara 2.2 2.1 1.8 20.6 19.1 20.9
Solano 3.1 2.8 2.4 41.1 41.2 45.0
Sonoma 3.2 3.6 3.2 48.2 45.9 50.2
Southern California
Los Angeles 3.7 3.7 3.9 45.6 42.1 45.5
Orange 3.9 3.7 4.1 56.7 53.0 62.3
Riverside 4.7 4.4 4.9 53.6 50.2 58.7
San Bernardino 4.3 4.3 4.5 49.2 46.5 49.6
San Diego 3.7 3.7 4.3 25.0 24.3 28.3
Ventura 3.7 3.7 4.4 58.8 52.4 63.0
Central Coast
Monterey 3.9 4.2 3.8 34.7 26.2 26.2
San Luis Obispo 4.1 4.3 4.3 40.3 42.4 50.2
Santa Barbara 4.8 4.6 4.4 39.5 33.9 41.5
Santa Cruz 3.2 2.8 3.1 25.9 25.2 33.7
Central Valley
Fresno 5.0 4.8 4.9 29.5 27.1 29.4
Glenn 4.6 5.8 5.5 45.5 31.0 47.9
Kern (Bakersfield) 4.1 3.7 r 3.8 r 29.0 26.0 27.0
Kings 3.6 3.2 3.6 24.1 33.3 44.5
Madera 7.5 8.0 4.9 54.9 75.5 47.3 r
Merced 4.3 4.1 3.9 34.0 38.3 46.3
Placer 3.2 3.2 3.5 27.4 25.5 29.6
Sacramento 2.7 2.7 3.3 23.5 22.4 25.8
San Benito 2.9 3.3 3.7 25.5 26.2 40.2
San Joaquin 3.1 3.1 3.4 23.9 23.1 25.5
Stanislaus 3.1 3.2 3.5 24.8 23.7 25.2
Tulare 4.5 4.6 4.4 31.0 32.6 42.8
Other Counties in California
Amador 6.7 5.9 5.9 93.1 63.9 65.8
Butte 3.4 4.2 3.6 r 36.2 39.1 40.3 r
Calaveras 5.3 6.3 7.1 r 67.2 69.5 57.8 r
Del Norte 5.8 10.1 8.6 r 123.1 84.2 122.3 r
El Dorado 4.6 4.4 4.3 51.3 46.8 55.1
Humboldt 3.5 4.9 5.4 49.7 46.5 52.4
Lake 6.7 6.8 7.2 76.4 94.6 80.0
Mariposa 11.8 9.8 12.3 91.0 31.0 124.6
Mendocino 7.7 8.8 7.4 72.6 76.8 91.0
Nevada 3.9 4.8 5.4 47.1 40.4 52.5 r
Plumas 10.2 8.8 8.1 124.1 126.8 126.5 r
Shasta 5.6 5.7 5.5 33.9 46.0 56.1
Siskiyou 5.5 6.8 12.4 87.1 78.4 45.5
Sutter 3.0 3.5 4.1 25.0 33.2 24.8
Tehama 6.0 6.6 4.5 r 55.9 41.9 45.5 r
Tuolumne 6.7 6.7 6.0 51.1 71.9 73.3
Yolo 2.8 3.0 3.4 24.9 24.0 23.3
Yuba 4.1 3.3 2.9 26.2 23.2 40.0

r = revised

 

Olympic Valley – Incorporation Update

*UPDATE*
INCORPORATE OLYMPIC VALLEY DEALT SEVERE BLOW BY LAFCO COMMISSIONERS, FINANCIAL EXPERTS, CONTROLLER’S OFFICE
PROPOSED TOWN DEEMED ECONOMICALLY INFEASIBLE

The effort by Incorporate Olympic Valley (IOV) was dealt a severe blow at this week’s meeting of the Placer County Local Agency Formation Commission (LAFCO). As the process has transpired, multiple financial experts, including the California State Controller’s Office (SCO), have established and continue to unambiguously state and evidence what has been largely and well known for quite some time — the proposed town of Olympic Valley is not financially feasible. In fact, the annual operating losses of this proposed town exceed $1.5 million in the most liberal interpretation of this effort, hence the continued efforts and focus by Save Olympic Valley so to ensure that this risky proposal doesn’t advance any further.

At Wednesday’s meeting, LAFCO Commissioners rejected a staff request for further fiscal analysis and instead, moved to put the issue of terminating the incorporation application on their meeting agenda as soon as the law allows. Prior to taking action, the LAFCO Commissioners heard testimony from their own staff, as well as from Save Olympic Valley’s (SOV) fiscal consultant, Matthew Newman, about the implications of the recent State Controller’s review of the Comprehensive Fiscal Analysis (CFA) of the proposed town. According to both LAFCO staff and Mr. Newman, the town is not feasible, and nothing in the Controller’s report changes that conclusion.

“IOV’s statements that the town is viable rely on some remarkably unrealistic assumptions,” Newman stated. “IOV proposes to enjoy all the fruits of development in the form of increased revenues, but doesn’t budget for any of the increased costs which new development would bring, such as higher expenditures for law enforcement or the planning department.”

Newman added, “IOV also proposes to take over the regional services currently provided by the North Lake Tahoe Resort Association (NLTRA), and with in doing so would be taking from the entire North Lake Tahoe community, millions of dollars of additional property taxes that are currently used to fund community-wide and county-wide services.”

Andy Wirth, president and CEO of Squaw Valley Ski Holdings, LLC, one of the many members of Save Olympic Valley also reacted to the LAFCO actions, stating “This meeting validated most of what we have known and have been saying for quite some time, and that is that incorporation is not feasible and is a patently dangerous notion not just for the community of Olympic Valley, but also for the entire community of North Lake Tahoe and Placer County. With the great many variables and challenges our community has, introducing yet another civic entity — and in this case, a fiscally unstable civic entity — doesn’t make any sense, whatsoever.”

Wirth said LAFCO commissioners clearly recognized that this process could go on ad infinitum and spoke candidly about how and when to terminate the incorporation application. “Everyone but the small group of individuals associated with IOV now very clearly understand that incorporation has never been, and will never be financially viable,” Wirth said.

“Ironically, IOV set out to slow or stop the enhancement of Squaw Valley by way of the company’s real estate redevelopment project, the very project that would produce the revenues needed for their proposed new town.” Wirth said.

Commissioners engaged in a robust three-hour debate that included a summary of findings from the State Controller’s Office and a discussion on whether to move forward with a quest for fresh data to update the Comprehensive Fiscal Analysis.

In the meeting’s most dramatic moment, IOV alleged that LAFCO staff and its consultants were biased against incorporation, a notion that was vehemently disputed by Commissioner Dr. Bill Kirby.

“LAFCO staff and their consultants are not biased. They have been fair and unbiased. I am insulted by these allegations,” Dr. Kirby stated.

One hope for the proposed town might have been if Placer County was willing to provide financial aid through a process known as “revenue neutrality” negotiations. Unfortunately for IOV, however, the hope of subsidies was dashed by a top county official.

Jennifer Merchant, Placer County’s Deputy CEO for Tahoe, said after having reviewed the State Controller’s Office report and multiple fiscal studies which concluded the town was not feasible, “The County would certainly negotiate revenue neutrality in good faith, but negotiations are not meant to enrich the applicant’s incorporation proposal. In fact, revenue neutrality negotiations might be more detrimental to IOV’s hope for incorporation than the estimated numbers prepared by RSG Consulting in the draft CFA. It’s not the county’s job to find ways to make incorporation viable.”

Keith Fountain, who is neither a member of, nor affiliated directly with SOV, spoke on behalf of the 218 homeowners at the Squaw Valley Lodge who have sought exemption from the incorporation boundaries as put forth by IOV.

“We have studied the CFA ourselves and interpret its conclusions very differently from IOV,” Fountain told the commission. “Contradiction is evident in IOV’s request that restricted TOT funds intended for the North Lake Tahoe Resort Association (NLTRA) now be transferred to the town and considered in the calculation of property tax. All this, despite their on-going claim that they would continue funding NLTRA as Placer County does now. Their argument is simply a financial manipulation intended to inflate the town’s future revenues.”

LAFCO’s next meeting is scheduled for Dec. 9 at 4:00 p.m. in Auburn.

Save Olympic Valley (SOV) is a large group of local residents, homeowners, property owners and business leaders who have sought exclusion from the proposed town due primarily to the substantial financial risk associated with the proposed town. Businesses, properties and individuals seeking exclusion include: Squaw Valley Ski Holdings, Plumpjack/Newsom Properties, The Resort at Squaw Creek, Poulsen Family Properties, Dean and Sandra Hall Properties, Richie Goldman Properties, Dan Morgan Property, Heidi and Terry Deveau, and Ciro Mancuso Properties.

Paid for by Save Olympic Valley, with major funding by Squaw Valley Ski Holdings, LLC.
©2015 Save Olympic Valley. Olympic Valley, CA 96146.

Tahoe Donner – Newer Home with Expansive Views

Tahoe Donner - Newer Home with Expansive Views

……………………………….Tahoe Donner – Newer Home with Expansive Views…………………………………………

Incredible Newer Home with expansive views in a peaceful and serene setting. This newer home consists of 4 bedrooms, open kitchen and living room with vaulted ceilings and a separate game room. Perfect for entertaining with a spacious kitchen, large open living rooms and dining area, and beautiful bathrooms.Level driveway and easy winter access just minutes from Northwoods Dr. Don’t miss the extra 800 plus square feet of bonus area that can be turned into an additional master suite/office/bonus area.

Asking: $1,025,000  MLS #: 20153109

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

Click here for all Truckee Tahoe-Donner real estate cabins, condos & 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: Oliver Luxury Real Estate.

Tahoe Donner Mountain Home with High Pine Ceilings

Tahoe Donner Mountain Home with High Ceilings

……………………………….Tahoe Donner Mountain Home with High Pine Ceilings……………………………………

MOUNTAIN SPLENDOR! This is such a wonderful home with a great floor plan and lots of pine accents. You will love the cozy but bright Great Room with high pine ceilings, river rock hearth and wood stove. The desirable kitchen has plenty of pine cabinets and you can seat many in the large dining area.  Enjoy a master suite on the 1st floor with its own deck backing up to the most beautiful forest setting & greenbelt area;2 large bedrooms & bath upstairs; 2 large decks for the best in outdoor living!  There is a large storage shed to store all your toys, patio furniture etc. It’s so nice to be able to walk outside of the main living area and enjoy the front or back yard setting! Building dept shows 1472 sq. ft, Assessor shows 1532 sq. ft. Buyer to verify. Home is not being sold on a sq. ft. basis.

Asking: $490,000  MLS #: 20153072

Click here for all Truckee Tahoe-Donner real estate cabins, condos & homes for sale.

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

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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 – Single Story with Two En-Suite Masters

Tahoe Donner - Single Story with Two En-Suite Masters

……………………………….Tahoe Donner – Single Story with Two En-Suite Masters…………………………………..

Fabulous location and delightful single story living awaits in Tahoe Donner! Backing to the Oslo ~5 acre parcel, this wonderful cabin lives large! Spacious great room w/ wood burning stove, nice dining area, open floor plan kitchen, lots of windows & light, big mudroom/laundry room, wonderful & sunny rear deck with room to relax! Updated and meticulously cared for, you’ll enjoy two en-suite masters with large living spaces and a comfortable floor plan. Walk to Trout Creek Rec Center, golf, The Lodge & more!

Asking: $495,000  MLS #: 20153064

Click here for all Truckee Tahoe-Donner real estate cabins, condos & homes for sale.

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

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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.

TAHOE DONNER LIGHT-UP THE NIGHT EVENT

November 28th.  Save the date! A Tahoe Donner favorite returns to kick off the holiday season. As always, Light Up the Night will take place at The Lodge Restaurant & Pub from 5 – 8 pm. This family-friendly event is perfect for the whole family and participating in events is free. Don’t forget—your kiddos will even get to meet Santa too!

Featured activities include:

  • Reindeer games area
  • Santa’s arts and craft workshop
  • Frosty’s hot cocoa and s’mores
  • Pictures and gifts with Santa Claus
  • Christmas caroling
  • The lighting of the tree
  • Letters to Santa
  • Storytelling by Mrs. Claus
  • Local community entertainment
  • Project MANA food drive
  • Benefit raffle with Tahoe Donner prizes
  • Adult dinner and drinks in the restaurant

Event Itinerary:

  • 5 p.m. – Event begins; hot cocoa, s’mores, raffle tickets, tree lighting raffle, Mrs. Clause storytelling
  • 5:15- 5:45 p.m. –  Tahoe Truckee Community Choir caroling
  • 5:30 p.m. – Announce name of tree lighting raffle winner
  • 5:45 p.m. –  Tree Lighting
  • 6:00 p.m. – Santa arrives
  • 6:15 p.m. – Ugly Sweater Contest judging
  • 6:30 p.m. Project MANA raffle winners announced

Lahontan Mountain Home with 2 Master Suites for Sale

Lahontan Mountain Home Property for Sale

………………………………………Lahontan Mountain Home with 2 Master Suites for Sale…………………………….

Beautiful mountain home on large and sunny lot in Lahontan. Edging towards the mountain modern design, this home is a must see. Perfect floor plan for large group and even two families. It consists of five bedrooms, two master suites, separate game room off the expansive kitchen, and wrap around porch with sunken hot tub and outdoor barbecue area. Gorgeous finishes through out.

Asking $1,995,000 – MLS#: 20153102

To see this Truckee Lahontan mountain real estate property for sale, please call Scott Kennedy @ 530.582.9980

Click here for all Truckee Lahontan 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.

Carnelian Bay – Classic Tahoe A-Frame Cabin for Sale

Carnelian Bay - Classic Tahoe A-Frame Cabin for Sale

………………………………….Carnelian Bay – Classic Tahoe A-Frame Cabin for Sale……………………………………

Striking Classic Tahoe A-frame in prime north shore location! Enjoy a view of serene Lake Tahoe from the cozy living room or spacious front deck. Two story living room features floor to ceiling windows, stone masonry wood burning fireplace, and window ledge seating. Wrap around deck, large and level backyard, complete with spa, are ideal for entertaining or family play. Step across the street for easy access to pier! Offered furnished, this home is move-in ready, with sleeping room for eight, plus!

Asking: $549,000  MLS #: 20153104

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

To see this Carnelian Bay Ridgewood Highlands real estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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.

Squaw Valley | Alpine Meadows Invests Over $9 Million in Capital Improvements for 2015-16 Ski and Ride Season

[Olympic Valley, Calif.] November 13, 2015Squaw Valley Alpine Meadows kicks off the 2015-16 ski season with over $9 million in investments in snow surface and chairlift technologies across both mountains. These investments will improve snow surface quality and operational reliability, enhancing the overall guest experience.

Gazex Inertia Exploder
Currently in use by ski resorts and high alpine transportation authorities in the U.S. and Europe, the Gazex Inertia Exploder is an avalanche mitigation system that uses compressed gas to create a sonic concussion, triggering controlled avalanches before they become a hazard. Squaw Valley has installed one exploder on the Headwall area of the mountain, which will be remotely deployed by Ski Patrol personnel with software controls at the base area of the mountain. The Gazex technology will be used during non-operational hours as snow accumulates over six inches in order to trigger avalanches on an incremental basis. Using this technology in conjunction with Ski Patrol efforts and traditional avalanche mitigation procedures, Squaw Valley will decrease delays due to avalanche cleanup in the Headwall area, and increase the efficiency of Ski Patrol to open the area on time. The blast from the Gazex Inertia Exploder will create a similar sound and vibration to that of traditional avalanche charges used in routine avalanche mitigation procedures at Squaw Valley.

Snowmaking
Alpine Meadows has added 15 new high-efficiency snowmaking guns, which will allow for more consistent snow surfaces and early-season snowmaking. A majority of these new guns have expanded snowmaking at the lower levels of the very popular Summit Run. Alpine Meadows now has snowmaking on 9 of 11 lifts.

Squaw Valley has added two new snowmaking fan guns that will improve lift access ramps and lift loading processes at Big Blue, Siberia, Headwall and Gold Coast chairlifts. Squaw Valley has snowmaking on 11 of 29 lifts.

Over the last five years Squaw Valley Alpine Meadows has invested $8 million in snowmaking to create 14 miles of snowmaking between the two mountains. The resort now makes four times more snow than they did five years ago.

Grooming
New grooming machines round out the $1.5 million in grooming investment made for the 2015-16 season, with a new PistenBully 400 Park Pro that will allow the Squaw Valley terrain park crew to perfect takeoffs, kickers and landings. At Alpine Meadows, two PistenBully 600 Winch Cats joined the fleet, providing maximum ground coverage and a 40% fuel savings over the current machines. These cats will be used for Alpine’s signature runs in Alpine Bowl, Sherwood and Wolverine.

Siberia Express
One of the most popular lifts at Squaw Valley, Siberia Express, has undergone a $7 million upgrade from a high-speed quad to a high-speed six-passenger lift to improve reliability, efficiency, and operational effectiveness. The Siberia Express provides access to intermediate ski areas in Siberia Bowl, Gold Coast, and Mainline. The new lift was constructed in the same location as its predecessor.

Environmental Features
Squaw Valley Alpine Meadows continues to evaluate and continually improve operations to maximize conservation efforts. The retired Siberia Express lift was disassembled and sent to recycling facilities to be melted down and repurposed. Snowmaking systems are monitored and updated whenever possible. This year new air and water lines were added to reduce leaks; new, efficient snow gun hydrants were installed; new software is in place to shave gun and hydrant communication down to seconds, and new sensors to ensure snowmaking only occurs during optimal weather and temperature conditions. Five of the new snow guns installed at the resort were awarded by a grant from the National Ski Areas Association’s Sustainable Slopes Grant Program and HKD Snowmakers, a selection based on a demonstrated commitment to sustainability and energy conservation by the resort.

For more information about Squaw Valley Alpine Meadows, to purchase a season pass or to make lodging reservations, visit www.squawalpine.com.

About Squaw Valley | Alpine Meadows
Squaw Valley Alpine Meadows is an internationally renowned ski resort in North Lake Tahoe that spans over 6,000 skiable acres. The resort features 42 lifts and 270 trails, as well as the European-inspired Village at Squaw Valley featuring nearly 60 bars, restaurants, boutiques and art galleries. Snowfall averages 450 inches, providing one of the longest ski and snowboard seasons in Lake Tahoe, and establishing Squaw Valley Alpine Meadows as a top destination for spring skiing and boarding. Squaw Valley Alpine Meadows also boasts one of the region’s only mountain-top beginner areas and several intermediate skier havens including Shirley Lake and the newly renamed Pacific Crest Bowls. For more information about Squaw Valley Alpine Meadows, visit squawalpine.com.

Recent Storms Allow Heavenly and Northstar to Kick-Off Ski Season Six Days Ahead of Projected Opening Day

·        El Niño strikes again, dumping more new snow at Heavenly and Northstar
·        Earliest resort openings since 2012
·        Get the most value out of your season pass by purchasing a Tahoe Local or Tahoe Value pass through Sunday, Nov.22, 2015

The wait to enjoy the best ski and snowboard resorts at Lake Tahoe is over. With El Niño serving up a healthy dose of new snow at Lake Tahoe over the weekend, and with forecasts calling for another storm to hit the region Monday night, Heavenly and Northstar have announced the resorts will open six days early, kicking-off winter 2015-16 on Saturday, Nov. 14.

“We’ve already received about three feet of snow overall this season which, combined with around-the-clock operation from the West Coast’s two largest snowmaking systems, has created a great early-season base and the best snow surface conditions at Lake Tahoe,” said Pete Sonntag, Tahoe region vice president and chief operating officer. “Opening early creates even more value for Tahoe Local pass holders, who are already getting the best pass deal in Tahoe.”

This is the earliest the resorts have opened since 2012, and the first time opening six days ahead of schedule since at least 2009. Heavenly plans to operate the Gondola, Tamarack Express and Dipper Express, accessing upper California Trail and Orion’s, which, at over a mile long, will be the longest run available in the Tahoe basin. Northstar will open top-to-bottom, spinning the Big Springs Gondola, Vista Express, Arrow Express and Comstock Express accessing West Ridge, Luggi’s, Skid, Pinball, Lumberjack and Lower Main Street. Northstar will also operate a surface lift near the Big Easy Chair to offer children’s ski and snowboard lessons.

Kirkwood received 18 inches of new snow overnight at its summit. Resort officials have yet to determine if they will open Kirkwood prior to its Nov. 21 opening day.

Early openings as well as all the new snow in Tahoe is further incentive for guests to secure the best option in season passes by the cutoff date – Sunday, Nov. 22, 2015.

Guests can choose from the following Epic Passes, offering the best variety and value for any type of skier or snowboarder:

  • The Tahoe Local Pass is the best way to access Heavenly, Northstar and Kirkwood seven days a week. It includes Saturday access at all three Tahoe resorts with limited holiday restrictions, all for $519. Pass holder tickets are available for purchase for 50 percent off during blackout dates at Heavenly, Northstar and Kirkwood. The Tahoe Local Pass pays for itself in fewer than four days. New for the 2015-16 season, the Tahoe Local Pass now includes five days of non-holiday skiing and riding at Utah’s Park City, combined with Canyons Resort to now become the largest ski resort in the U.S., and Colorado’s Vail, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin. A child pass is $249 (age’s five to 12).
  • The Tahoe Value Pass™ is best for people who can handle a few restrictions. Ski or ride seven days a week at Heavenly and six days a week at Northstar and Kirkwood. The pass is available for $469, and pays for itself in just over three days. The Tahoe Value Pass has holiday restrictions at Heavenly, Northstar and Kirkwood with Saturdays excluded at Northstar and Kirkwood. Pass holders can purchase lift tickets valid at Heavenly, Northstar and Kirkwood Resorts on restricted days for 50 percent off per day.
  • Epic Local Pass™: Perfect for people who can navigate a pass with restrictions. For $619, get unlimited, unrestricted skiing or riding at Breckenridge, Keystone and Arapahoe Basin with limited restrictions at Park City, Heavenly, Northstar and Kirkwood. Also includes a total of 10 days at Vail and Beaver Creek with holiday restrictions. The Epic Local Pass pays for itself in less than four days. A child pass (ages five to 12) is $319.
  • The Epic Pass™: Ski as much as you want, whenever you want for $809. The Epic Pass pays for itself in less than five days of skiing or riding. With more than 32,000 acres of skiing and snowboarding terrain, this pass can’t be beat. It features unlimited, unrestricted access to Vail, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood at Lake Tahoe; Perisher in Australia for the 2016 season there; Afton Alps in Minnesota; Mt. Brighton in Michigan; and up to five free consecutive days when staying at in-resort accommodations at Verbier, Switzerland. No restricted dates. A child pass (ages five to 12) is $419.

2015 Profile of Home Buyers and Sellers

2015 Profile of Real Estate Buyers and Sellers

Credit Knowledge and Confidence

Northstar California – Classic Mountain Home

Northstar California - Classic Mountain Home

…..Northstar California – Classic Mountain Home….

Classic mtn home, beautifully landscaped, private filtered views 12th fairway/greenbelt. Desirable open-spacious-vaulted floorplan, WB fireplace, hickory floors, alder cabs, gran countertops, spacious dining area & 2 sided breakfast bar. 3 BR en suite, master main level, jet tub, steam shower. Separate fam room w/gas fireplace, wetbar. 2 large decks, firepit. Upgrades thruout incl kit, baths, R38 comp roof, generator, furnace, window covs, lighting & more. Pride of ownership. Turn key. More photos to follow.

Asking: $995,000  MLS #: 20153058

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

To see this Northstar classic mountain home for sale, please call Scott Kennedy @ 530.582.9980.

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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: Martis Valley Associates.

Opening Dates for Truckee / Lake Tahoe Ski Resorts

November 4 – Mt. Rose

November 6 – Boreal

November 12 – Alpine Meadows

November 14 – Heavenly Lake Tahoe

November 14 – Northstar California

November 14 – Squaw Valley

November 20 – Sierra-at-Tahoe

November 21 – Sugar Bowl

December 10 – Diamond Peak

December 11 – Homewood Mountain Resort

December 11 – Tahoe-Donner

TBA – Donner Ski Ranch

TBA – Kirkwood

 

 

 

 

 

 

 

 

Squaw Valley Announces Early Opening for November 12

WE'RE OPENING EARLY

OVER 2 FEET OF SNOW IN THE LAST WEEK

We just can’t wait any longer – both mountains are opening early

Oh yeah Godzilla El Niño, we like you! You can stay as long as you like. With over two feet of snow in the last week, our high tech $8 million snow making system, and exceptional teams working around the clock to get us ready, we are opening early*.

Alpine Meadows is opening over a month early, and celebrating one of its earliest openings in history, with an opening date of November 12. Squaw Valley is opening 11 days early on November 14.

We hope you’ll join us and get some turns in this week.

Boreal Ski Resort – First Ski Resort in Northern California Now Open

Donner Summit, CA (November 3, 2015) — Boreal Mountain Resort will be the first ski resort in Northern California to open for the 2015-16 season. Boreal will open to the public on Friday, November 6th for its 51st season, with skiing and snowboarding beginning at 9:00a.m. Known for its early season operations and conditions, Boreal Mountain Resort will offer at least one run and up to six terrain park features, accessed by the Castle Peak Quad chairlift. Over Halloween weekend, Donner summit was blanketed with 6-10 inches of snow. Cold temperatures followed the storm and Boreal’s dedicated resort operations staff started making snow. The combination of great weather and snow-blowing temperatures allows them to be the first resort open in Northern California.

“After a long summer of preparations, we’re more ready than we have ever been to kick off the winter season,” said Matt Peterson, VP Boreal Mountain Resort.

Conditions permitting, Boreal Mountain Resort will continue to expand terrain coverage. Check www.rideboreal.com/dailyreport for latest updates.

Truckee / Lake Tahoe Real Estate Statistics

Information provided by the Tahoe Sierra Multiple Listing Service, Inc. is deemed reliable, but not guaranteed. For assistance, please consult a real estate professional.

2015 Quarterly Statistics
1st Quarter 2015 Totals by Area
1st Quarter 2015 Sold Analysis
2nd Quarter 2015 Totals by Area
2nd Quarter 2015 Sold Analysis
3rd Quarter 2015 Totals by Area
3rd Quarter 2015 Sold Analysis

2015 Monthly Statistics
January 2015
February 2015
March 2015
April 2015
May 2015
June 2015
July 2015
August 2015
September 2015
October 2015

2014 Annual Statistics
2014 Totals by Area
2014 Sold Analysis

2014 Quarterly Statistics
1st Quarter 2014 Totals by Area
1st Quarter 2014 Sold Analysis
2nd Quarter 2014 Totals by Area
2nd Quarter 2014 Sold Analysis
3rd Quarter 2014 Totals by Area
3rd Quarter 2014 Sold Analysis
4th Quarter 2014 Totals by Area
4th Quarter 2014 Sold Analysis

2014 Monthly Statistics
January 2014
February 2014
March 2014
April 2014
May 2014
June 2014
July 2014
August 2014
September 2014
October 2014

2013 Annual Statistics
2013 Totals by Area
2013 Sold Analysis

2013 Quarterly Statistics
1st Quarter 2013 Totals by Area
1st Quarter 2013 Sold Analysis
2nd Quarter 2013 Totals by Area
2nd Quarter 2013 Sold Analysis
3rd Quarter 2013 Totals by Area
3rd Quarter 2013 Sold Analysis
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2013 Monthly Statistics
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Placer County Real Estate Market Statistics

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Backs to open space and an extensive trail system

Tahoe City - Talmont Home Backs to open space and trail system

………………………..Tahoe City – Talmont Home Backs to open space and trail system…………………………….

This 4 bedroom home is perfect for the family looking for easy access to trails and open space. Backs to open space and an extensive trail system. Paige Meadows is a short hike, ski, or snowshoe away. This home was dramatically upgraded and now showcases an exposed truss ceiling in the upper living areas and master bedroom. New wood and stone floors and a bright kitchen complete the fresh look. Access to the Tahoe Park HOA Beach make this the perfect all-season lake and mountain getaway.

Asking: $899,000  MLS #: 20153001

Click here for more information and photos of all Dollar Point / Tahoe City / Sunnyside real estate property for sale.

To see this Talmont Tahoe City estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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: Sierra Sotheby’s Int. Realty.

Schaffer’s Mill Mountain Lodge – includes Base Camp at Northstar

Schaffer's Mill Mountain Lodge - includes Northstar Base Camp

………………………..Schaffer’s Mill Mountain Lodge – includes Base Camp at Northstar…………………………….

Priced well below the newest releases at Schaffer’s Mill, this is an amazing opportunity to own a newer mountain lodge overlooking the 7th green. This 3-bedroom, 2.5 bath, 2 car garage is being offered turn-key and in immaculate condition! Live the resort lifestyle while enjoying all the amenities Schaffer’s Mill has to offer, including our Base Camp lodge at Northstar and shuttle service to and from the slopes!

Asking: $1,150,000  MLS #: 20152995

Click here for more information and photos of all Schaffer’s Mill real estate property for sale.

To see this Schaffer’s Mill estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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: Schaffers Mill Real Estate.

Squaw Valley – Sunny Home with Painted Rock Views

Squaw Valley - Sunny Home with Painted Rock Views

……………………………………Squaw Valley – Sunny Home with Painted Rock Views………………………………….

Sunny Squaw 4 Bedroom/3 Bath family home located in gated neighborhood but no HOA fees. Open family living area boasts Painted Rock Ridge & Burnham Hill views, wood fireplace & front & back decks. Vaulted pine ceilings, recessed lighting & ceiling fans to keep you warm in winter & cool in summer. Kitchen has stainless appliances including Jenn-Air gas range, granite counters and breakfast bar to feed the troops on their way to the slopes.  Master suite with double vanity, separate shower & jetted tub.

Asking: $1,288,000  MLS #: 20152981

Click here for more information and photos of all Squaw Valley real estate property for sale.

To see this Squaw Valley real estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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: Pacific Union International.

Alaska Airlines Announces New Daily Nonstop Flight from Orange County to Squaw Valley | Alpine Meadows

With 106 nonstop flights to 15 destinations, getting to the snow and sun at Squaw Valley | Alpine Meadows is more convenient than ever

[Olympic Valley, Calif.] November 3, 2015 – Getting from Southern California to the ski slopes just got easier: Alaska Airlines will add new nonstop service from Orange County’s John Wayne Airport to Squaw Valley Alpine Meadows via Reno-Tahoe International Airport starting on March 16, 2016.

“These daily nonstop flights on Alaska Airlines to Squaw Valley Alpine Meadows provide all of our customers in the Southern California area unparalleled convenience and ease of access. We are thrilled to welcome even more nonstop flights into our mountain resort as part of a long-term strategy to make our destination one of the most easily accessed mountain resorts in North America,” said Andy Wirth, President and CEO of Squaw Valley Alpine Meadows. “Squaw Valley Alpine Meadows is just a 45 minute drive from Reno-Tahoe International Airport on all-weather Interstate 80, with convenient shuttle service available door-to-door.”

Squaw Valley Alpine Meadows is home to over 6,000 acres of skiing and riding on the crest of Lake Tahoe, with a bustling village and slopeside lodging at The Village at Squaw Valley®.

Alaska is offering introductory one-way fares to Squaw Valley Alpine Meadows starting at $79* each way, operated by Horizon Air using 76-seat Q400 aircraft. Beginning March 16, 2016, flights will depart Reno at 10:15 a.m., arriving in Orange County at 11:37 a.m. Flights will depart Orange County at 2:45 p.m., arriving in Reno at 4:05 p.m.

Visit alaskaair.com to find great savings and purchase tickets.

Storm Brings 8 Inches of Snow to Squaw Valley | Alpine Meadows

[Olympic Valley, Calif.] November 2, 2015 – 8 inches of snow fell today at Squaw Valley Alpine Meadows, with showers expected to continue into this evening and a chance of more snow Tuesday. With a forecast calling for cold temperatures overnight and through the week, Squaw Valley Alpine Meadows’ experienced snowmaking staff plans to initiate snowmaking tonight after weeks of preparation and testing. Squaw Valley Alpine Meadows will continue to make snow at every opportunity to prepare for Squaw Valley Opening Day on November 25 and Alpine Meadows Opening Day on December 11.

Squaw Valley Alpine Meadows has invested $8 million in snowmaking over the last five years, and this year will engage 17 new high efficiency snowmaking guns to provide a quality snow surface for the 2015-16 ski and ride season. These efforts will supplement the natural snowfall from what is forecast to be an above average winter season.

Skiers and riders looking to take full advantage of this season’s snowfall can purchase the Tahoe Super Pass starting at $429 for adults, and gain access to 6,000 acres, 42 lifts and over 270 trails at both Squaw Valley and Alpine Meadows. While supplies last, Tahoe Super Pass Silver and Gold passholders will receive the Worry Free Guarantee: those who don’t ski or ride at least five days on this season’s pass will be credited up to four days towards their 2016-17 pass.

Stay Slopeside at The Village at Squaw Valley®
Book Thanksgiving at The Village at Squaw Valley starting at $157 per night, and stay right in the heart of the action, with direct access to world-class shopping, dining, activities and events in the Village. Ski, stay and forget about driving.

About Squaw Valley | Alpine Meadows
Squaw Valley Alpine Meadows is an internationally renowned ski resort in North Lake Tahoe that spans over 6,000 skiable acres. The resort features 42 lifts and 270 trails, as well as the European-inspired Village at Squaw Valley featuring nearly 60 bars, restaurants, boutiques and art galleries. Snowfall averages 450 inches, providing one of the longest ski and snowboard seasons in Lake Tahoe, and establishing Squaw Valley Alpine Meadows as a top destination for spring skiing and boarding. Squaw Valley Alpine Meadows also boasts one of the region’s only mountain-top beginner areas and several intermediate skier havens including Shirley Lake and the newly renamed Pacific Crest Bowls. For more information about Squaw Valley Alpine Meadows, visit squawalpine.com.

Tahoe Donner Cabin with Great Rental History

Tahoe Donner Cabin with Great Rental History

…………………………………Tahoe Donner Cabin with Great Rental History……………………………………………..

Here’s a wonderful cabin with a great rental history! Clean as a whistle and located in mid-Tahoe Donner on prestigious Greenleaf, you’ll enjoy light & lots of space w/ plenty of room for family & friends! Lovely great room filled w/ windows & gas fireplace, nice kitchen, HUGE loft for the kids, BIG upstairs master, 2 bedrooms downstairs, library area, full laundry room, BONUS room (office/extra bedroom) & large garage. Spacious deck for easy indoor-outdoor living plus a super location, flat driveway. Wow!

Asking: $589,500  MLS #: 20152942

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

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

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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.

What’s New for Winter 2015-16 at Squaw Valley | Alpine Meadows

New offerings include replacement of the Siberia Express lift, upgraded snowmaking and grooming technologies, new programs for children and families, and the ski industry’s first-ever “Worry-Free Guarantee” for season pass holders

[Olympic Valley, Calif.] August 12, 2015  Squaw Valley Alpine Meadows is gearing up for the 2015-16 winter season with significant on-mountain improvements and new experiences that will enhance the guest experience. This winter, the resort unveils the new Siberia Express chairlift, additions to its snowmaking and grooming fleet, new ski and snowboard rental equipment – plus the ski industry’s first-of-its-kind “Worry-Free Guarantee”.

Siberia Express Replaced
The Siberia Express chairlift, one of the most popular lifts at Squaw Valley, has been replaced in an effort to enhance the on-mountain guest experience for the 2015-16 winter season and beyond. The high-speed quad was replaced with a high-speed six-passenger chairlift to improve reliability, efficiency, and operational effectiveness.  The Siberia Express lift is primarily used by intermediate and advanced level skiers and riders to access Siberia Bowl, Mainline and the Mainline Terrain Park, as well as the sprawling Gold Coast area. The lift was constructed in the same location and will open at the start of the 2015-2016 season.

Providing the Best Snow Surfaces in the Region
Two PistenBully 600 winch cats will join the grooming fleet at Alpine Meadows. In keeping with the mountain’s longstanding commitment to environmental stewardship, these “powerhouse” machines allow for maximum ground coverage and high angle grooming while providing approximately 40 percent fuel savings over current machines. With the new cats, skiers and riders can expect high quality grooming on Alpine’s signature slopes like Alpine Bowl, Sherwood and Wolverine.

At Squaw Valley, a new PistenBully 400 Park Pro joins the fleet. This machine will allow the terrain park crew to perfect takeoffs, kickers and landings. The versatility of this machine will ensure continued creativity and impeccable contouring. Squaw Valley Alpine Meadows is committed to providing improved and expanded groomed terrain and the addition of these new machines, along with a highly tenured Mountain Operations crew, means more impeccably groomed runs, man-made terrain features and high angle groomed runs.

Improved and Expanded Snowmaking
Alpine Meadows has added fifteen new HKD SV10 high-efficiency snowmaking guns, allowing the resort to expand snowmaking on the lower portion of the very popular Summit run. Five of these guns were awarded by a grant from the National Ski Areas Association (NSAA) Sustainable Slopes Grant Program and HKD Snowmakers. Recipients are selected based on demonstrated commitment to sustainability and energy conservation. The added snowmaking in this location will allow for more consistent snow surfaces and early-season snowmaking.

Squaw Valley added two new high-capacity snowmaking fan guns at key lifts that will allow the resort to improve its lift access ramps and the lift-loading process. Lifts slated for new snowmaking to support the loading areas include: Big Blue, Siberia and Headwall.

Worry-Free Guarantee
Squaw Valley Alpine Meadows is making it easier than ever for skiers and snowboarders to commit to the purchase of next winter’s season pass.  The resort is offering an unprecedented “Worry-Free Guarantee” to those who purchase the 2015-16 Gold or Silver Tahoe Super Pass. The “Worry-Free Guarantee” includes the ability to roll over up to four unused days during the 2015-16 winter season for credit toward the purchase of a 2016-17 Tahoe Super Pass. Visit squawalpine.com for complete details and restrictions.

Patagonia Store Opens in The Village at Squaw Valley
The Village at Squaw Valley welcomes a new Patagonia retail store. The store will offer a variety of innovative Patagonia outdoor products in a remodeled 1,800 square foot retail space. The grand opening celebration of the Patagonia store will take place November 28, 2015 as part of the Base Village “Passholder Preview Party” that includes live music and special offers to kick off the winter season.

In keeping with Patagonia’s and Squaw Alpine’s commitment to environmental efforts and continuing efforts to reduce carbon emissions, waste and energy use, the new retail store will feature locally-sourced recycled barn wood and an environmental display from Protect Our Winters (POW). To generate additional visibility for Protect Our Winter’s efforts supporting climate conservation, Squaw Valley will wrap a Funitel cabin with POW branding.

Jet Blue Flights to Reno
Jet Blue Airways now offers daily non-stop service between Reno-Tahoe International Airport and New York’s John F. Kennedy International Airport. This new flight, launched in May 2015, provides the only direct air service from the East Coast to Squaw Valley Alpine Meadows.

Roundshot Cameras
Squaw Valley Alpine Meadows is home to state-of-the-art, streaming cameras with the launch of new Roundshot webcams at each mountain. High-definition Roundshot Cameras have been installed on the upper mountains of both Squaw Valley and Alpine Meadows, providing crystal clear, 360 degree views of each mountain. Squaw Valley Alpine Meadows is only the second resort in North America to install the cutting-edge technology which allows guests to get a very clear image of the current mountain conditions and weather, and make visitation decisions based on real-time, high definition images of the mountain and snow conditions. The Roundshot cams also allow users to download images for their own use so they can be inspired even when they cannot make it to the mountain.

Facility and Kids Program Improvements
The private members locker room will be refreshed with a new outdoor deck for social gatherings, new interior paint and larger wooden lockers. Becoming a member of the locker room is the most convenient way to enjoy the mountain, with lift access right out the back door of the locker room.  Space is available for just $1099 per winter season. Click here for complete details and to purchase.

At Squaw Kids, over $100,000 in investments to the building include new carpeting and flooring throughout, plus a refurbished entry and registration area that makes for more welcoming registration. Additionally, children enrolled in the Squaw Kids and Alpine Kids program will have the convenience of equipment valet. When registered for multiple days of instruction, Squaw and Alpine Kids’ skis or snowboard will be safely stored for them overnight, making it even more convenient for parents and kids to get out onto the slopes.

New Ski Rental Inventory
The ski rental shops at Squaw Valley and Alpine Meadows will offer the latest Head skis for single-day and multi-day rentals. The Rental Shops and Ski & Snowboard School were jointly involved with the selection process, which included on-snow testing by instructors and students to ensure that the equipment is a good match for the resort’s variety of terrain and learning programs. The topsheet graphics include a customized design as part of Squaw Valley Alpine Meadow’s partnership with Head skis, and offer the maximum in performance for all ability levels.

Enhanced Family-Friendly Terrain Park Features
Look for creative new features designed specifically for families and intermediate terrain park users at Squaw Valley and Alpine Meadows. These new features will complement the robust terrain park and learning features currently available to skiers and riders of all ages and abilities. Additions may include family cross course features such as gently banked turns, small rollers and jumps, in areas like the Belmont learning park at Squaw or the Loop Road at Alpine Meadows.

Tahoe Fun Facts Map
New this year, Squaw Valley Alpine Meadows will offer a kids’ map of the mountain that includes the locations of “Tahoe Fun Facts”. The facts will be found on signs in key locations that guests of all ages can locate by using the map to explore the mountain to learn about snow, Lake Tahoe, animals and trees of the region, and much more. The map will be available to the public and will also be a part of the Squaw Kids and Alpine Kids learning programs.

Burton Relax & Ride
Squaw Valley has partnered with Burton Snowboards to host Burton Relax & Ride – an exclusive learning program for women snowboarders of all abilities. The program, for groups of two to six guests, is designed for women who have a tough time fitting winter sports into a busy schedule and crave a fun learning environment with friends. The program includes the Burton beginner rental set up, a two-hour lesson and an afternoon mini-spa treatment. The program is $249 with lift ticket or $189 for season pass holders, and is available every day of the season with the exception of peak dates. Click here to learn more.

FIS Freestyle World Cup Returns to Squaw Valley – March 11-13, 2016
Squaw Valley is set to host the best skiers and riders in a variety of disciplines as the FIS Freestyle World Cup returns to the resort March 11-13, 2015. Home of the 1960 Olympics, Squaw Valley played a key role in the early days of the FIS Alpine World Cup, last hosting a tour stop in 1969. Cross racing pits four athletes against each other to race head-to-head down a course of jumps, bumps and berms. Snowboardcross made its Olympic debut in 2006, with skicross in 2010, and both events were among the top spectator events in the 2014 Winter Olympics in Sochi.

Second Annual WinterWonderGrass Tahoe – April 1-3, 2016
The excitement of music, mountains and brews returns to Squaw Valley Alpine Meadows for the second annual WinterWonderGrass Tahoe festival April 1-3, 2016. WinterWonderGrass Tahoe is a unique three-day event featuring world-class bluegrass and acoustic roots performances, craft breweries and local food vendors under the snow covered peaks of Squaw Valley. Between performances and run on the slopes, concert-goers can enjoy the festival’s heated beer tents where California craft breweries will be pouring their signature suds daily. Beyond blues and brews, WinterWonderGrass Tahoe celebrates local non-profit organizations and sustainable living initiatives in an effort to respect the beauty of the High Sierra.

Stowe and Taos Join the Mountain Collective™ for 2015-16 Season
The Mountain Collective™ has widened their geographic reach with the addition of two iconic destinations to its roster.  Stowe joins the Mountain Collective as their first resort on the East Coast, while Taos extends passholder access into New Mexico.  The resorts join Sun Valley, AltaSnowbird, Aspen Snowmass, Ski Banff-Lake Louise-Sunshine Village, Jackson Hole, Mammoth Mountain, Squaw Valley/Alpine Meadows, Thredbo and Whistler Blackcomb in offering unparalleled access to the best ski and snowboard terrain the world has to offer.

Farm to Table + Movie Series at Squaw Valley

This winter, enjoy a cozy, family-friendly Farm to Table dinner created by Squaw Valley’s talented chefs in collaboration with the Tahoe Food Hub and other local farmers.  Families will gather with new and old friends at long farm tables to enjoy the four-course family-style meal.  The event is capped with an all-ages movie for the kids to enjoy in comfortable seating while the parents sit back and enjoy dessert and cocktails. Offered on December 28, 30 and January 1, the Farm to Table + Movie Series can be booked at squawalpine.com or by calling 800.403.0206.

For more information about Squaw Valley Alpine Meadows, to purchase a season pass or to make lodging reservations, visit http://squawalpine.com/.

About Squaw Valley | Alpine Meadows
Squaw Valley Alpine Meadows is an internationally renowned ski resort in North Lake Tahoe that spans over 6,000 skiable acres. The resort features 42 lifts and 270 trails, as well as the European-inspired Village at Squaw Valley featuring nearly 60 bars, restaurants, boutiques and art galleries. Snowfall averages 450 inches, providing one of the longest ski and snowboard seasons in Lake Tahoe, and establishing Squaw Alpine as a top destination for spring skiing and boarding. Squaw Alpine also boasts one of the region’s only mountain-top beginner areas and several intermediate skier havens including Shirley Lake and the newly renamed Pacific Crest Bowls.

C.A.R. releases its 2016 housing market forecast

For release:
October 8, 2015

C.A.R. releases its 2016 California Housing Market Forecast

California home sales to increase slightly, while prices post slowest gain in five years

LOS ANGELES (Oct. 8) – California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast,” released today.

The C.A.R. forecast sees an increase in existing home sales of 6.3 percent next year to reach 433,000 units, up from the projected 2015 sales figure of 407,500 homes sold.  Sales in 2015 also will be up 6.3 percent from the 383,300 existing, single-family homes sold in 2014.

“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Chris Kutzkey.  “However, in regions where inventory is tight, such as the San Francisco Bay Area, sales growth could be limited by stiff market competition and diminishing housing affordability. On the other hand, demand in less expensive areas such as Solano County, the Central Valley, and Riverside/San Bernardino areas will remain strong thanks to solid job growth in warehousing, transportation, logistics, and manufacturing in these areas.”

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.7 percent in 2016, after a projected gain of 2.4 percent in 2015.  With nonfarm job growth of 2.3 percent in California, the state’s unemployment rate should decrease to 5.5 percent in 2016 from 6.3 percent in 2015 and 7.5 percent in 2014.

The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at historically low levels.

The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300.  This is the slowest rate of price appreciation in five years.

“The foundation for California’s housing market remains strong, with moderating home prices, signs of credit easing, and the state continuing to lead the nation in economic and job growth,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “However, the global economic slowdown, financial market volatility, and the anticipation of higher interest rates are some of the challenges that may have an adverse impact on the market’s momentum next year. Additionally, as we see more sales shift to inland regions of the state, the change in mix of sales will keep increases in the statewide median price tempered.”

2016 California Housing Market Forecast

  2010 2011 2012 2013 2014 2015p 2016f
SFH Resales (000s) 416.5 422.6 439.8 414.9 383.3 407.5 433.0
% Change -12.30% 1.40% 4.10% -5.90% -7.60% 6.30% 6.30%
Median Price ($000s) $305.0 $286.0 $319.3 $407.2 $447.0 $476.3 $491.3
% Change 10.9% -6.2% 11.6% 27.5% 9.8% 6.5% 3.2%
Housing Affordability Index 48% 53% 51% 36% 30% 31% 27%
30-Yr FRM 4.70% 4.50% 3.70% 4.00% 4.20% 3.90% 4.50%

p = projected
f = forecast

Leading the way …® in real estate news and information for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

September pending sales and Market Pulse Survey

For release:
October 22, 2015

California pending home sales a mixed bag in September

Central Valley and Bay Area regions move higher, Southern California records drop

LOS ANGELES (Oct. 22) – Pending home sales results varied across California in September, decreasing statewide and in Southern California, but increasing in the Central Valley and San Francisco Bay Area, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. All regions recorded year-over-year improvements, though.

In a separate report, California REALTORS® responding to C.A.R.’s September Market Pulse Survey saw an increase in sales with multiple offers compared with August and an increase in all cash purchases. However, floor calls and open house traffic declined, reflecting seasonal factors as the market enters the end of the home-buying season. The Market Pulse Survey is a monthly online survey of more than 300 California REALTORS®, which measures data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.

Pending home sales data:

• Statewide pending home sales decreased in September, with the Pending Home Sales Index (PHSI)* decreasing 1.5 percent from a revised 112.4 in August to 110.8 in September, based on signed contracts. The month-to-month decline was better than the average August- to-September loss of 3.4 percent observed in the last seven years.

• On an annual basis, statewide pending home sales were up 10.9 percent from the revised 99.9 index recorded in September 2014. Pending sales have been increasing on a year-over-year basis since September 2014 and have seen double-digit increases for eight straight months.

• At the regional level, pending sales were higher on a year-over-year basis in all areas, with Southern California and Central Valley both increasing by more than 10 percent over September a year ago.

• San Francisco Bay Area pending sales rose 4.6 percent to reach an index of 125.2 in September, up 4.6 percent from August’s 119.7 and up 4.6 percent from September 2014’s 119.7 index.

• Pending home sales in Southern California decreased to 85.9 in September, down 8.9 percent from 94.3 in August but up 10.2 percent from an index of 78 a year ago.

• Central Valley pending sales increased in September to reach an index of 103.9, up 4.6 percent from August’s 99.3 index and 14.1 percent from September 2014’s 91.1 index.

Equity and distressed housing market data:

• The share of equity sales – or non-distressed property sales – reached its highest level since the fall of 2007. Short sales continued to decline, while REO sales inched up slightly from August. Equity sales now make up 94.1 percent of all sales, up from 91.3 percent a year ago.

• Conversely, the combined share of all distressed property sales (REOs and short sales) fell in September to 5.9 percent of total sales, down from 8.7 percent a year ago.

• Twenty-one of the 44 counties that C.A.R. reports showed month-to-month decreases in their share of distressed sales, with Mendocino having the smallest share of distressed sales at 0 percent, followed by San Mateo (1 percent), San Francisco (1.3 percent) and Santa Clara (1.3 percent). Mariposa County had the highest share of distressed sales at 25 percent, followed by Lake (16.4 percent) and Tehama (15.8 percent).

September REALTOR® Market Pulse Survey**:

• Nearly one in four homes (23 percent) closed above asking price in September, but twice that amount (46 percent) closed below asking price, and nearly a third (31 percent) closed at asking price.

• For the one in four homes that sold above asking price, the premium paid over asking price increased to an average of 11 percent, up from 8.2 percent in August and up from 8.1 percent in September 2014.

• The 46 percent of homes that sold below asking price sold for an average of 10 percent below asking price in September, up from 11 percent in August but down from 5.8 percent in September 2014.

• The share of properties receiving multiple offers increased in September to 63 percent, up from 58 percent in August and 58 percent in September 2014.

• The average number of offers per property was unchanged at 2.4 in September and up minimally from 2.2 in September 2014.

• REALTOR® respondents reported that floor calls, listing appointments, and open house traffic all declined in September, reflecting the start of the off-peak home-buying season.

• When asked what REALTORS®’ biggest concerns are, more than one in five (22 percent) indicated a lack of housing inventory, 21 percent said low housing affordability, 15 percent cited a slowdown in economic growth, and another 12 percent said overinflated home prices.

Graphics (click links to open):

• Pending home sales by region.
• Fewer transactions closing above asking price.
• Premium paid over asking price.
• REALTORS®’ biggest concerns.

*Note:  C.A.R.’s pending sales information is generated from a survey of more than 70 associations of REALTORS® and MLSs throughout the state.  Pending home sales are forward-looking indicators of future home sales activity, offering solid information on future changes in the direction of the market.  A sale is listed as pending after a seller has accepted a sales contract on a property.  The majority of pending home sales usually becomes closed sales transactions one to two months later.  The year 2008 was used as the benchmark for the Pending Homes Sales Index.  An index of 100 is equal to the average level of contract activity during 2008.

**C.A.R.’s Market Pulse Survey is a monthly online survey of more than 300 California REALTORS® to measure data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Nevada County Real Estate Market Statistics

Nevada County Real Estate Market Statistics

…………………………………………………………….Nevada County Real Estate Market Statistics………………………………………………………….

Placer County Real Estate Market Statistics

Placer County Real Estate Sales Statistics

…………………………………………………………………Placer County Real Estate Sales Statistics………………………………………………………….

Existing-Home Sales Regain Momentum in September

WASHINGTON (October 22, 2015) — Existing–home sales rebounded strongly in September following August’s decline and have now increased year–over–year for 12 consecutive months, according to the National Association of Realtors®. All four major regions experienced sales gains in September.

Total existing–home sales1, which are completed transactions that include single–family homes, townhomes, condominiums and co–ops, increased 4.7 percent to a seasonally adjusted annual rate of 5.55 million in September from a slightly downwardly revised 5.30 million in August, and are now 8.8 percent above a year ago (5.10 million).

Lawrence Yun, NAR chief economist, says a slight moderation in home prices in some markets and mortgage rates remaining below 4 percent gave more households the confidence to close on a home last month. “September home sales bounced back solidly after slowing in August and are now at their second highest pace since February 2007 (5.79 million),” he said. “While current price growth around 6 percent is still roughly double the pace of wages, affordability has slightly improved since the spring and is helping to keep demand at a strong and sustained pace.”

The median existing–home price2 for all housing types in September was $221,900, which is 6.1 percent above September 2014 ($209,100). September’s price increase marks the 43rd consecutive month of year–over–year gains.

Total housing inventory3 at the end of September decreased 2.6 percent to 2.21 million existing homes available for sale, and is now 3.1 percent lower than a year ago (2.28 million). Unsold inventory is at a 4.8–month supply at the current sales pace, down from 5.1 months in August.

“Despite persistent inventory shortages, the housing market has made great strides this year, backed by an increasing share of pent–up sellers realizing the increased equity they’ve gained from rising home prices and using it towards trading up or moving into a smaller home,” says Yun. “Unfortunately, first–time buyers are still failing to generate any meaningful traction this year.”

First–time buyers fell to 29 percent of sales in September after climbing to their highest share of the year in August (32 percent). A year ago, first–time buyers represented 29 percent of all buyers.

NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark., says Realtors® strongly back the passing of H.R. 3700, the “Housing Opportunity Through Modernization Act of 2015.” Polychron testified in support of the bill yesterday before the U.S. House Financial Services Subcommittee on Housing and Insurance.

“This bill helps expand homeownership and rental housing opportunities at all levels and specifically includes changes to Federal Housing Administration policies that limit the flexible and affordable financing needed by many potential condo buyers — especially first–time buyers.”

All–cash sales rose to 24 percent of transactions in September (22 percent in August) and are unchanged from a year ago. Individual investors, who account for many cash sales, purchased 13 percent of homes in September, up from 12 percent in August but down from 14 percent a year ago. Sixty–seven percent of investors paid cash in September.

According to Freddie Mac, the average commitment rate for a 30–year, conventional, fixed–rate mortgage remained below 4 percent for the second consecutive month, declining slightly in September to 3.89 from 3.91 percent in August. A year ago, the average commitment rate was 4.16 percent.

Properties typically stayed on the market for 49 days in September, an increase from 47 days in August but below the 56 days in September 2014. Short sales were on the market the longest at a median of 135 days in September, while foreclosures sold in 57 days and non–distressed homes took 48 days. Thirty–eight percent of homes sold in September were on the market for less than a month.

Distressed sales4 — foreclosures and short sales — remained at 7 percent in September for the third consecutive month; they were 10 percent a year ago. Six percent of September sales were foreclosures and 1 percent (lowest since NAR began tracking in October 2008) were short sales. Foreclosures sold for an average discount of 17 percent below market value in September (18 percent in August), while short sales were discounted 19 percent (12 percent in August).

Single–family and Condo/Co–op Sales
Single–family home sales rose 5.3 percent to a seasonally adjusted annual rate of 4.93 million in September from 4.68 million in August, and are now 9.6 percent above the 4.50 million pace a year ago. The median existing single–family home price was $223,500 in September, up 6.6 percent from September 2014.

Existing condominium and co–op sales were at a seasonally adjusted annual rate of 620,000 units in September (unchanged from August), and are up 3.3 percent from September 2014 (600,000 units). The median existing condo price was $209,200 in September, which is 1.9 percent above a year ago.

Regional Breakdown
September existing–home sales in the Northeast jumped 8.6 percent to an annual rate of 760,000, and are 11.8 percent above a year ago. The median price in the Northeast was $256,500, which is 4.0 percent above September 2014.

In the Midwest, existing–home sales climbed 2.3 percent to an annual rate of 1.31 million in September, and are 12.0 percent above September 2014. The median price in the Midwest was $174,400, up 5.4 percent from a year ago.

Existing–home sales in the South rose 3.8 percent to an annual rate of 2.21 million in September, and are 5.7 percent above September 2014. The median price in the South was $191,500, up 6.2 percent from a year ago.

Existing–home sales in the West increased 6.7 percent to an annual rate of 1.27 million in September, and are 9.5 percent above a year ago. The median price in the West was $318,100, which is 8.0 percent above September 2014.

# # #

NOTE: For local information, please contact the local association of Realtors® for data from local multiple listing services. Local MLS data is the most accurate source of sales and price information in specific areas, although there may be differences in reporting methodology.

1Existing–home sales, which include single–family, townhomes, condominiums and co–ops, are based on transaction closings from Multiple Listing Services. Changes in sales trends outside of MLSs are not captured in the monthly series. NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.

Existing–home sales, based on closings, differ from the U.S. Census Bureau’s series on new single–family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing–home sales, which account for more than 90 percent of total home sales, are based on a much larger data sample — about 40 percent of multiple listing service data each month — and typically are not subject to large prior–month revisions.

The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.

Single–family data collection began monthly in 1968, while condo data collection began quarterly in 1981; the series were combined in 1999 when monthly collection of condo data began. Prior to this period, single–family homes accounted for more than nine out of 10 purchases. Historic comparisons for total home sales prior to 1999 are based on monthly single–family sales, combined with the corresponding quarterly sales rate for condos.

2The median price is where half sold for more and half sold for less; medians are more typical of market conditions than average prices, which are skewed higher by a relatively small share of upper–end transactions. The only valid comparisons for median prices are with the same period a year earlier due to seasonality in buying patterns. Month–to–month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year–ago median and mean prices sometimes are revised in an automated process if additional data is received.

The national median condo/co–op price often is higher than the median single–family home price because condos are concentrated in higher–cost housing markets. However, in a given area, single–family homes typically sell for more than condos as seen in NAR’s quarterly metro area price reports.

3Total inventory and month’s supply data are available back through 1999, while single–family inventory and month’s supply are available back to 1982 (prior to 1999, single–family sales accounted for more than 90 percent of transactions and condos were measured only on a quarterly basis).

4Distressed sales (foreclosures and short sales), days on market, first–time buyers, all–cash transactions and investors are from a monthly survey for the NAR’s Realtors® Confidence Index, posted at Realtor.org.

NOTE: The Pending Home Sales Index for September will be released October 29, and Existing–Home Sales for October will be released November 23; release times are 10:00 a.m. ET.

Alpine Meadows Custom Mountain Home

Alpine Meadows Custom Mountain Home

…………………………………………. Alpine Meadows Custom Mountain Home …………………………………………..

A Total conversion done by Kathy Nason of Spirit Design on this David Tucker original. A true city dweller’s Mountain Fantasy, featured in 2011 Tahoe Quarterly Magazine. The result is a blend of finishes such as cherry cabinetry and doors, custom steel stair railings and columns, walnut floors and reclaimed cherry ceilings. Even the exterior was redone with reclaimed Wyoming snow fence siding. Come, open the Red door and visit this mountain masterpiece.

Asking: $1,250,000  MLS #: 20152920

Click here for more information and photos of all Alpine Meadows real estate property for sale.

To see this Alpine Meadows real estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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: Sierra Sotheby’s Int Realty TK.

Tahoe Donner Custom Mountain Home for Sale

Tahoe Donner Custom Home for Sale

…………………………………….Tahoe Donner Custom Home for Sale…………………………………….

This absolutely stunning custom home awaits your family! Offering amazing craftsmanship and exquisite finishes, you’ll enjoy 3,434 s.f. of luxury amidst this well designed chalet. Four bedrooms, 3.5 baths, massive great room/dining filled with light, chef’s kitchen offering gorgeous cabinetry, spacious upstairs executive office/family room with gas fireplace, downstairs pool table/game room, 2 master suites (1 on main living, 1 downstairs), big finished storage area, large garage. Fantastic neighborhood!

Asking: $1,225,000  MLS #: 20152904

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

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

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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.

Top 10 Home Projects to Recoup Costs at Resale

Top 10 Home Projects to Recoup Costs at Resale

Top 10 Home Projects to Recoup Costs at Resale

How to Hire a Contractor

How to Hire a Contractor

How to Hire a Contractor

Truckee Amazing Home on 5 Acres – Equestrian / Horse Property

Truckee Equestrian Horse Property on 5 Acres

…………………….Truckee Amazing Home on 5 Acres – Equestrian / Horse Property………………………………..

Must see this amazing home sitting on 5 serene acres a short car ride from downtown Truckee. The perfect property for horses, a construction business or just a need for a lot of land. This home has stunning views of the meadow off the back balcony while sitting in the hot tub. It features beautiful hardwood floors, great views from every window and a large garage with ample storage room. Surrounded with beautiful pines this home is great for entertaining indoors and outdoors. A great & spacious property.

Asking: $850,000  MLS #: 20152884

Click here for information and photos of other Truckee real estate property for sale.

To see this Truckee Martiswoods Estates real estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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: Sierra Sotheby’s Int Realty TK.

Truckee Mountain Home on Quiet Cul-de-Sac

Truckee Mountain Home on Quiet Cul-de-Sac

……………………………………..Truckee Mountain Home on Quiet Cul-de-Sac…………………………………………..

Tucked away in one of Truckee’s most sought-after neighborhoods, Martiswoods Estates. Newer home offering great room with high quality remodeled custom kitchen, hardwood floors, 3 bd, 2 ba main floor plus huge family room and full bath on lower level. 2 car attached garage plus an additional detached heated 2 car garage with spacious in-law studio with bath above. The nicely wooded nearly level .93 acre lot is beautifully landscaped. You will fall in love
with the quiet private cul de sac setting.

Asking: $1,099,000  MLS #: 20152888

Click here for information and photos of all Truckee Martiswoods Estates real estate property for sale.

To see this Truckee Martiswoods Estates real estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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 Truckee Homes Inc.

Alpine Meadows Custom Mountain Home for sale

Alpine Meadows Custom Mountain Home for sale

…………………………………..Alpine Meadows Custom Mountain Home for sale………………………………………..

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From the first moment you enter this custom mountain home you are enveloped by the picturesque mountain views and draped in an abundance of natural light and custom craftsmanship. Fabulous floor plan with a great room, family room and three en-suite bathrooms. Adorned with alder doors and trim, hardwood floors, log accents, gourmet kitchen w/granite slab counters and center island, sauna, multiple view decks, level entry. Lifetime memories will be made here in this meticulously cared for home.

Asking: $1,349,000  MLS #: 20152898

Click here for more information and photos of all Alpine Meadows real estate property for sale.

To see this Alpine Meadows real estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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: Sierra Sotheby’s Int. Realty.

Tahoe Donner – Wonderfully Designed and Unique Home

Tahoe Donner - Wonderfully Designed and Unique Home

……………………………….Tahoe Donner – Wonderfully Designed and Unique Home………………………………..

Wonderfully designed and unique home, set perfectly in a prestigious & peaceful neighborhood, adjacent to other fine properties… Lots for all the family & guests to enjoy, with a lovely sunny & level landscaped back yard with gas fire pit & spa on the covered & private deck… Beautiful floors & the finest of fixtures, fittings & materials are employed throughout this fine property… 2 fireplaces, 2 master suites, a well equipped kitchen, fun family room & loft area afford both public & private spaces.

Asking: $1,499,000  MLS #: 20152901

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

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

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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.

Tahoe Donner – New Construction w/ 2-Masters & Large Garage

Tahoe Donner - New Construction with 2-Masters & Large Garage

……………………….Tahoe Donner – New Construction with 2-Masters & Large Garage…………………………..

Gorgeous, NEW, & finished with craftsman level construction, this beautiful Chalet offers a rare design with FIVE bedrooms (2+ en-suite masters), BIG downstairs family room, lots of light & nestled in a private setting adjacent to forest land/trails in mid-Tahoe Donner. Enjoy the open floor plan, chef’s kitchen, spacious dining, gas fireplace, hickory floors, spacious deck for year ’round living. Extra large, deep garage for your boat & toys too! Terrific for 2 families, w/ plenty of room for everyone! WOW!

Asking: $997,000  MLS #: 20152685

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

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

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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 California Home on Beaver Pond

Northstar California Home on Beaver Pond

…………………………………………..Northstar California Home on Beaver Pond………………………………………….

Desirable, level access location on the outside of the Beaver Pond loop and backing to a stream and open land. Classic mountain home with natural wood interior, 4 bedrooms plus a loft, 3 baths and an oversized 1 car garage affording good storage. The home has been well cared for with newer roof, furnace, appliances, granite counters and brand new carpet throughout. May be purchased fully equipped and ready to enjoy this upcoming season. Access to all the wonderful NPOA amenities and shuttle service!!

Asking: $835,000  MLS #: 20152843

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

To see this Northstar classic mountain home for sale, please call Scott Kennedy @ 530.582.9980.

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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: Sheridan Brokers Northstar R.E.

“Chalet Blue”: Bavarian style home in Tahoe City

"Chalet Blue" Bavarian style home in Tahoe City

………………………………….. “Chalet Blue” Bavarian style home in Tahoe City………………………………………….

“Chalet Blue”: a Bavarian style home in the heart of Tahoe City.Great location walking distance to nearby Paige Meadows trails, sled hill, Tahoe house, or into town for shopping & dining. 3 Large bedrooms with high ceilings, multiple closets & storag. 2 More bedrooms:1 ensuite off the garage that could make a great bunk/game room. Additional workshop, covered storage space under the deck, and a single bay garage space*. Deck off bedroom, deck off kitchen, HUGE deck on the front with party cabana w/ electric

Asking: $499,000  MLS #: 20152803

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

To see this Tahoe City Bavarian-style mountain home for sale, please call Scott Kennedy @ 530.582.9980.

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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.- CBL.

Northstar Home with Vaulted Ceilings & Quiet Location

Northstar Home - Quiet Location with Vaulted Ceilings

…………………………… Northstar Home – Quiet Location with Vaulted Ceilings ………………………………………

Enjoy all that Northstar has to offer from this beautifully appointed home in a quiet location at the end of Basque Drive. The seller has made many new renovations and modifications including adding a “Den” off the downstairs hallway, all new furnishings and converting a hall closet into a wine closet complete with storage racks and a wine refrigerator. This home features vaulted ceilings and a spacious living room, dining room and kitchen all open to each other & 2 furnaces to keep you toasty in winter!

Asking: $1,500,000  MLS #: 20152790

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

To see this Northstar classic mountain home for sale, please call Scott Kennedy @ 530.582.9980.

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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: Sheridan Brokers Northstar R.E.

Tahoe Donner Tree House, nestled in the woods

Tahoe Donner Tree House, nestled in the woods

……………………………………..Tahoe Donner Tree House, nestled in the woods………………………………………..

Take a look at this Tahoe Donner Tree House, nestled in the woods. This sweet A Frame retreat is ready for its new owner. Classic open floor plan living!  Big windows, tons of sun, 3 bedrooms with a loft, this is the perfect home for easy living or vacation use! Updated kitchen, 2 bedrooms down. master upstairs, with a loft. Freshly painted, new carpet, with updated finishes and appliances. A wonderful sunny flat lot with large deck and garage, you’ll love the setting and neighborhood.

Asking: $535,000  MLS #: 20152760

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

To see this Truckee Tahoe Donner cabin / home, please call Scott Kennedy @ 530.582.9980.

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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 – Truckee.

Northstar Classic Mountain Home

Northstar Classic Mountain Home

………………………………………Northstar Classic Mountain Home…………………………………………

Classic mountain home with plenty of room for the entire family. Three wood-burning fireplaces, an enclosed hot tub and a bright eat-in country kitchen with hickory floors and honed granite countertops. Spacious living/dining area is ideal for entertaining. Separate family room for the kids or pool table or? Lovely patio in quiet setting. Northstar’s recreation is just minutes away – swimming, tennis, exercise room, golf, ski resort and village. Impeccably maintained by original owners. Classic Northstar!

Asking: $1,200,000  MLS #: 20152745

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

To see this Northstar classic mountain home for sale, please call Scott Kennedy @ 530.582.9980.

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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: Sierra Sotheby’s Int Realty TC.

Tahoe Donner – Open Kitchen & Living Room with Vaulted Ceilings

 

Tahoe Donner - Open Kitchen & Living Room with Vaulted Ceilings

…………………………….Tahoe Donner – Open Kitchen & Living Room with Vaulted Ceilings…………………….

Fantastic Home in a Fantastic Location! This wonderful home gives you easy access to both indoor and outdoor living. Enjoy 2 large sunny decks, open kitchen and living area, 3 great sized bedrooms, bonus loft and office or 4th bedroom leading to the back deck. The vaulted ceilings and several windows give ample light for a relaxing environment. 2 car garage with outlet for electric cars! Only a short distance to the golf course, Trout Creek Rec Center, Z Market, the Lodge Restaurant and so much more!

Asking: $565,000  MLS #: 20152732

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

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

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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.

Lake Tahoe California Ski Resorts

Resort Name & Website Nearest City Peak Elevation (ft) Base Elevation (ft) Vertical Drop Skiable Acreage Total Trails Lifts
               
Squaw Valley USA Truckee, CA 9050 6200 2850 3600 170+ 29
Heavenly Mountain South Lake Tahoe 10067 6540 3500 4800 97 29
Alpine Meadows Truckee, CA 8637 6835 1802 2400 100+ 13
Boreal Soda Springs, CA 7700 7200 500 380 33 8
Donner Ski Ranch Norden, CA 7781 7031 750 500 52 8
Homewood Homewood, CA 7881 6223 1658 1260 64 8
Kirkwood Kirkwood, CA 9800 7800 2000 2300 81 15
Northstar California Truckee, CA 8610 6330 2280 2904 93 19
Sierra-at-Tahoe Twin Bridges, CA 8852 6640 2212 2000 46 14
Sugar Bowl Norden, CA 8383 6883 1500 1650 102 13
Soda Springs Soda Springs, CA 7325 6673 652 200 15 2
Tahoe Donner Truckee, CA 7350 6750 600 120 15 3

Donner Lake Home with Views

Donner Lake Home with Views

                                                                    Donner Lake Home with Views

This absolutely darling Donner Lakeview home has everything you could want in a full time residence or vacation getaway. Lovely views of sparkling Donner Lake & Schallenberger Ridge from every room with public dock across the street. Featuring a sunny great room with access to front deck that expands the length of the home, wet bar, loft, wood storage and 456 sq.ft. bonus room w/half bath over garage. Plenty of parking, scenic back yard w/seasonal creek, storage & more!

Asking: $685,000  MLS #: 20152719

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

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

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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.

Truckee Prosser – Chalet / Great Room Design on Corner Lot

Truckee Prosser - Chalet / Great Room Design on Corner Lot

                                 Truckee Prosser – Chalet / Great Room Design on Corner Lot

Popular Chalet/Greatroom design on a nice corner lot with great access. Exterior just washed & sealed, interior just painted. Bright and well proportioned, upstairs is Greatroom with kitchen & dining, front deck access, woodstove, half bath, laundry room, master suite with walk in closet and full master bathroom. Downstairs are 2 good sized bedrooms, a full bathroom and garage access. Abundant storage throughout. This is a clean, practical, roomy, proven snow design ready to move in. Easy to love this one.

Asking: $510,000  MLS #: 20152710

Click here for more information and photos of other Truckee Prosser Area real estate property for sale.

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

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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: Sierra Sotheby’s Int Realty TK.

Tahoe Donner – New Construction with 2-Masters & Large Garage

Tahoe Donner - New Construction with 2-Masters & Large Garage

Tahoe Donner – New Construction with 2-Masters & Large Garage

Gorgeous, NEW, & finished with craftsman level construction, this beautiful Chalet offers a rare design with FIVE bedrooms (2+ en-suite masters), BIG downstairs family room, lots of light & nestled in a private setting adjacent to forest land/trails in mid-Tahoe Donner. Enjoy the open floor plan, chef’s kitchen, spacious dining, gas fireplace, hickory floors, spacious deck for year ’round living. Extra large, deep garage for your boat & toys too! Terrific for 2 families, w/ plenty of room for everyone! WOW!

Asking: $997,000  MLS #: 20152685

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

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

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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.

Truckee – New Home with Views of Northstar

Truckee Mountain Home Real Estate Property for Sale

Truckee Mountain Home Real Estate Property for Sale

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BRAND NEW picturesque home nestled in the majestic trees with views of Northstar and the surrounding area. 18′ ceiling in the stately main living area offers a spacious kitchen with Jade Green granite counters, alder cabinets, beautiful wood flooring. An extraordinary amount of natural light coming from an abundance of windows and a beautiful custom stone fireplace. This stylish home has two master suites, two guest rooms, family room, and an amazing 500sq bonus area under garage that is all set to finish!

 

Asking: $850,000  MLS #: 20152477

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

To see this Truckee real estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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.

Carnelian Bay Ridgewood Highlands home for sale

Carnelian Bay Ridgewood Highlands home for sale

Carnelian Bay Ridgewood Highlands home for sale

Split Level Mountain home in a desirable neighborhood of North Lake Tahoe. This spacious home offers four Bedrooms, two and a half baths, and Recreation Room. Additional features include a laundry room, walk-in pantry, stone entry at the garage and front door, center island cook-top and a impressive stone fireplace. The upper-level great room has a treetop feel and a filtered lake view. The dining area flows to the back deck over looking the forest.

Asking: $1,075,000  MLS #: 20152688

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

To see this Carnelian Bay Ridgewood Highlands real estate property for sale, please call Scott Kennedy @ 530.582.9980.

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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: Sierra Sotheby’s Int Realty TC.

Tahoe Donner 5-Bedroom with All Day Sun & Views

Tahoe Donner 5-Bedroom with All Day Sun & Views

Tahoe Donner 5-Bedroom with All Day Sun & Views

5 Bedroom Tahoe Donner home on quiet street near the x-country center & trails w/ 2 master suites, rec room with 9′ ceilings & fireplace, all day sun & views of Frog Lake Cliffs. Features include alder doors, cabinets & trim, stainless steel appliances, granite counters, wood sash windows, granite hearth w/gas fireplace, newly refinished white oak flooring, airlock entry w/ sierra antique floors, master bath w/ radiant heated floors, dual head shower w/ body massage. Storage room off the 5th bedroom.

Asking: $1,150,000  MLS #: 20152680

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

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

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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 Single-Story Home for Sale

Tahoe Donner Single-Story Home for Sale

Tahoe Donner Single-Story Home for Sale

A delightful single story home with very popular floor plan. Beautiful hardwood floors in kitchen and dining area. The comfortable master features a handsome Cherry wood built in. Garage includes cabinets for easy storage. Enjoy the spacious rear deck perfect for entertaining.

Asking: $497,000  MLS #: 20152636

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

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

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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: Sierra Sotheby’s Int Realty TK.

Tahoma Lake Tahoe Mountain Home for Sale

Tahoma Westlake Village Mountain Home for Sale

Tahoma Lake Tahoe Mountain Home for Sale

One of the most lovey properties in the neighborhood. Living room includes cathedral ceilings w/ rustic wood beams, copper accented ceilings, railings & spindles. Dining has pine floors & direct access to front deck. Kitchen has high end appliances & is open to dining & family room. Family room has access to back deck & yard. There are 2 staircases to the upper level where you’ll find a huge master suite & bath, 2 guest beds & another bath. 1/2 mile to Chambers & 1 1/2 miles to Homewood. Easy winter access.

Asking: $798,000  MLS #: 20152649

Click here for more information and photos of all Lake Tahoe Sunnyside / Homewood / Tahoma real estate property for sale.

To see this Tahoma property, please call Scott Kennedy @ 530.582.9980.

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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.

Sugar Bowl-Royal Gorge Hires Greg Dallas, Former Mammoth and June Mountain COO, as New CEO

DONNER SUMMIT, Calif. (September 8, 2015) — Sugar Bowl Resort has hired Greg Dallas, the former Chief Operating Officer of Mammoth Mountain and June Mountain, as its new Chief Executive Officer.

Dallas will lead all aspects of resort operations, which include Sugar Bowl Resort, Royal Gorge Cross Country, the Village at Sugar Bowl real estate, and homeowner services. Dallas succeeds Rob Kautz, who had a 40-year run at the iconic Donner Summit resort, including the past 27 years as President and CEO. Kautz announced his retirement at the end of last ski season.

Dallas brings with him a wealth of ski industry knowledge in all facets of resort operations. His career at Mammoth Mountain spanned 15 years of resort leadership, culminating in the oversight of all operations at Mammoth and June Mountain starting in 2013. As part of Mammoth’s leadership team, he helped grow the resort’s revenue to $150 million and its skier visits to 1.6 million.

Prior to joining Mammoth Mountain, Dallas studied astrodynamics at the Air Force Academy, served seven years in the U.S. Air Force procuring and operating space systems, and earned his MBA from the University of California, Irvine.

Dallas comes to Sugar Bowl on the heels of a large-scale investment period with significant upgrades made in both on-mountain operations and base-area amenities including the Crow’s Peak Chairlift, the Sporthaus athletic training & aquatics center, a new Sugar Bowl Academy campus and the acquisition of North America’s largest XC ski resort.

“I’m very excited to join the Sugar Bowl team. Rob has done incredible work building a world-class ski operation, acquiring new assets such as Royal Gorge, and establishing a real estate and hospitality company. The next phase of Sugar Bowl will focus on enhancing the Village, maximizing new assets and developing a sustainable, vibrant resort experience.The access the resort provides to year-round, alpine activities is simply unique and undiscovered. Most of all, I look forward to meeting new people and creating lifelong memories for our guests and employees.”

Dallas will take the helm of one of the most unique ski resorts in the West. Sugar Bowl Resort was founded 75 years ago and is still privately California owned and operated by the Village at Sugar Bowl homeowners. Sugar Bowl offers the most snow in Tahoe across four distinct peaks, an open boundary policy for backcountry access, a large ski team and academy, plus America’s only snowbound, slopeside Village. Royal Gorge offers 200km of groomed XC trails across 6,000 acres of terrain.

Dallas is a backcountry skier and an avid rock and ice climber. He sits on numerous boards and committees including the National Ski Area Association.

Kautz will remain with Sugar Bowl as project consultant, as well as a board member of the Sugar Bowl Corporation. Dallas will begin his new tenure as President and CEO on September 28.

To learn more about Sugar Bowl Resort, visit www.sugarbowl.com. Sugar Bowl Resort, California owned & operated since 1939, was voted a Top 25 Ski Resort in North America by Outside magazine. To learn more about Royal Gorge Cross Country, North America’s largest XC resort, visit www.royalgorge.com.

SQUAW VALLEY ALPINE MEADOWS BRINGS BACK THE TAHOE SUPER 4 PACK

Squaw Valley Alpine Meadows Brings Back the Tahoe Super 4 Pack

Squaw Valley Alpine Meadows Brings Back the Tahoe Super 4 Pack

[Olympic Valley, Calif.] September 8, 2015 – The Tahoe Super 4 Pack is now on sale, offering significant discounts on four days of skiing and riding at Squaw Valley Alpine Meadows, with absolutely no blackout out dates. The Tahoe Super 4 Pack is available at $289 for adults, bringing lift ticket prices down to $72 per day. The Tahoe Super 4 is $259 for young adults and seniors ($65 per day), and $179 for kids age 12 and under ($45 per day).

The Tahoe Super 4 Pack offers four days of unrestricted skiing and riding across Squaw Valley Alpine Meadow’s combined 6,000 acres of skiable terrain, 270 trails and 42 lifts. Skiers and riders can even experience the two legendary Tahoe resorts in one day by taking the free 10 minute shuttle bus that connects them.

The Tahoe Super 4 Pack is available for purchase at SquawAlpine.com or by calling 800-403-0206.

Stay Slopeside at The Village at Squaw Valley
Booking a room at The Village at Squaw Valley puts guests in the heart of the action, with direct access to world-class shopping, dining, activities and events in the Village. Ski, stay and forget about driving.

About Squaw Valley | Alpine Meadows
Squaw Valley Alpine Meadows is an internationally renowned ski resort in North Lake Tahoe that spans over 6,000 skiable acres. The resort features 42 lifts and 270 trails, as well as the European-inspired Village at Squaw Valley featuring nearly 60 bars, restaurants, boutiques and art galleries. Snowfall averages 450 inches, providing one of the longest ski and snowboard seasons in Lake Tahoe, and establishing Squaw Valley Alpine Meadows as a top destination for spring skiing and boarding. The resorts also boast one of the region’s only mountain-top beginner areas and several intermediate skier havens including Shirley Lake and the newly renamed Pacific Crest Bowls.

Alpine Meadows – End of Cul-de-Sac & Close to Skiing

 

Alpine Meadows real estate property for sale.

Alpine Meadows real estate property for sale.

 Retreat to this fantastic Alpine Meadows home, where you will have more than enough space for all to come! Comfortable living with breathtaking views will make this a hard place to ever leave. This home was made to entertain large groups, with a wonderful kitchen that opens to the living area and fantastic deck. Everyone will enjoy the large game room, close proximity to skiing, hiking and biking trails and privacy that comes with being situation at the end of a cul-de-sac.

Asking: $1,700,000  MLS #: 20152610

Click here for more information and photos of all Alpine Meadows real estate property for sale.

To see this Alpine Meadows property, please call Scott Kennedy @ 530.582.9980.

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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: Alain Pinel Realtors.

Tahoe Donner – backs to Alder Creek and Ski Hill

Tahoe Donner Mountain Home - backs to Alder Creek and Ski Hill

Tahoe Donner Mountain Home – backs to Alder Creek and Ski Hill

Backs to Alder Creek and Ski Hill. This charming mountain design really works! You’ll enjoy the convenience of single story living and the practicality of having your fun room downstairs. On the main level are three bedrooms and the fourth guest bedroom is downstairs off the family room. You’ll also love the great room, open kitchen, towering windows, rock fireplace, hardwood floors and private patio that backs to Alder Creek. This is a good one.

Asking: $895,000  MLS #: 20152596

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

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

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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: Sierra Sotheby’s Int Realty TK.

WHAT’S NEW FOR WINTER 2015-16 AT SQUAW VALLEY | ALPINE MEADOWS

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WHAT’S NEW FOR WINTER 2015-16 AT SQUAW VALLEY | ALPINE MEADOWS

New offerings include replacement of the Siberia Express lift, upgraded snowmaking and grooming technologies, new programs for children and families, and the ski industry’s first-ever “Worry-Free Guarantee” for season pass holders

[Olympic Valley, Calif.] August 12, 2015  Squaw Valley Alpine Meadows is gearing up for the 2015-16 winter season with significant on-mountain improvements and new experiences that will enhance the guest experience. This winter, the resort unveils the new Siberia Express chairlift, additions to its snowmaking and grooming fleet, new ski and snowboard rental equipment – plus the ski industry’s first-of-its-kind “Worry-Free Guarantee”.

Siberia Express Replaced
The Siberia Express chairlift, one of the most popular lifts at Squaw Valley, has been replaced in an effort to enhance the on-mountain guest experience for the 2015-16 winter season and beyond. The high-speed quad was replaced with a high-speed six-passenger chairlift to improve reliability, efficiency, and operational effectiveness.  The Siberia Express lift is primarily used by intermediate and advanced level skiers and riders to access Siberia Bowl, Mainline and the Mainline Terrain Park, as well as the sprawling Gold Coast area. The lift was constructed in the same location and will open at the start of the 2015-2016 season.

Providing the Best Snow Surfaces in the Region
Two PistenBully 600 winch cats will join the grooming fleet at Alpine Meadows. In keeping with the mountain’s longstanding commitment to environmental stewardship, these “powerhouse” machines allow for maximum ground coverage and high angle grooming while providing approximately 40 percent fuel savings over current machines. With the new cats, skiers and riders can expect high quality grooming on Alpine’s signature slopes like Alpine Bowl, Sherwood and Wolverine.

At Squaw Valley, a new PistenBully 400 Park Pro joins the fleet. This machine will allow the terrain park crew to perfect takeoffs, kickers and landings. The versatility of this machine will ensure continued creativity and impeccable contouring. Squaw Valley Alpine Meadows is committed to providing improved and expanded groomed terrain and the addition of these new machines, along with a highly tenured Mountain Operations crew, means more impeccably groomed runs, man-made terrain features and high angle groomed runs.

Improved and Expanded Snowmaking
Alpine Meadows has added five new HKD SV10 high-efficiency snowmaking guns, allowing the resort to expand snowmaking on the lower portion of the very popular Summit run. These guns were awarded by a grant from the National Ski Areas Association (NSAA) Sustainable Slopes Grant Program and HKD Snowmakers. Recipients are selected based on demonstrated commitment to sustainability and energy conservation. The added snowmaking in this location will allow for more consistent snow surfaces and early-season snowmaking.

Squaw Valley added high-capacity snowmaking fan guns at key lifts that will allow the resort to improve its lift access ramps and the lift-loading process. Lifts slated for new snowmaking to support the loading areas include: Big Blue, Siberia and Headwall.

Worry-Free Guarantee
Squaw Valley Alpine Meadows is making it easier than ever for skiers and snowboarders to commit to the purchase of next winter’s season pass.  The resort is offering an unprecedented “Worry-Free Guarantee” to those who purchase the 2015-16 Gold or Silver Tahoe Super Pass. The “Worry-Free Guarantee” includes the ability to roll over up to four unused days during the 2015-16 winter season for credit toward the purchase of a 2016-17 Tahoe Super Pass. Visit squawalpine.com for complete details and restrictions.

Patagonia Store Opens in The Village at Squaw Valley
The Village at Squaw Valley welcomes a new Patagonia retail store. The store will offer a variety of innovative Patagonia outdoor products in a remodeled 1,800 square foot retail space. The grand opening celebration of the Patagonia store will take place November 28, 2015 as part of the Base Village “Passholder Preview Party” that includes live music and special offers to kick off the winter season.

In keeping with Patagonia’s and Squaw Alpine’s commitment to environmental efforts and continuing efforts to reduce carbon emissions, waste and energy use, the new retail store will feature locally-sourced recycled barn wood and an environmental display from Protect Our Winters (POW). To generate additional visibility for Protect Our Winter’s efforts supporting climate conservation, Squaw Valley will wrap a Funitel cabin with POW branding.

Jet Blue Flights to Reno
Jet Blue Airways now offers daily non-stop service between Reno-Tahoe International Airport and New York’s John F. Kennedy International Airport. This new flight, launched in May 2015, provides the only direct air service from the East Coast to Squaw Valley Alpine Meadows.

Roundshot Cameras
Squaw Valley Alpine Meadows is home to state-of-the-art, streaming cameras with the launch of new Roundshot webcams at each mountain. High-definition Roundshot Cameras have been installed on the upper mountains of both Squaw Valley and Alpine Meadows, providing crystal clear, 360 degree views of each mountain. Squaw Valley Alpine Meadows is only the second resort in North America to install the cutting-edge technology which allows guests to get a very clear image of the current mountain conditions and weather, and make visitation decisions based on real-time, high definition images of the mountain and snow conditions. The Roundshot cams also allow users to download images for their own use so they can be inspired even when they cannot make it to the mountain.

Facility and Kids Program Improvements
The private members locker room will be refreshed with a new outdoor deck for social gatherings, new interior paint and larger wooden lockers. Becoming a member of the locker room is the most convenient way to enjoy the mountain, with lift access right out the back door of the locker room.  Space is available for just $1099 per winter season. Click here for complete details and to purchase.

At Squaw Kids, over $100,000 in investments to the building include new carpeting and flooring throughout, plus a refurbished entry and registration area that makes for more welcoming registration. Additionally, children enrolled in the Squaw Kids and Alpine Kids program will have the convenience of equipment valet. When registered for multiple days of instruction, Squaw and Alpine Kids’ skis or snowboard will be safely stored for them overnight, making it even more convenient for parents and kids to get out onto the slopes.

New Ski Rental Inventory
The ski rental shops at Squaw Valley and Alpine Meadows will offer the latest Head skis for single-day and multi-day rentals. The Rental Shops and Ski & Snowboard School were jointly involved with the selection process, which included on-snow testing by instructors and students to ensure that the equipment is a good match for the resort’s variety of terrain and learning programs. The topsheet graphics include a customized design as part of Squaw Valley Alpine Meadow’s partnership with Head skis, and offer the maximum in performance for all ability levels.

Enhanced Family-Friendly Terrain Park Features
Look for creative new features designed specifically for families and intermediate terrain park users at Squaw Valley and Alpine Meadows. These new features will complement the robust terrain park and learning features currently available to skiers and riders of all ages and abilities. Additions may include family cross course features such as gently banked turns, small rollers and jumps, in areas like the Belmont learning park at Squaw or the Loop Road at Alpine Meadows.

Tahoe Fun Facts Map
New this year, Squaw Valley Alpine Meadows will offer a kids’ map of the mountain that includes the locations of “Tahoe Fun Facts”. The facts will be found on signs in key locations that guests of all ages can locate by using the map to explore the mountain to learn about snow, Lake Tahoe, animals and trees of the region, and much more. The map will be available to the public and will also be a part of the Squaw Kids and Alpine Kids learning programs.

Burton Relax & Ride
Squaw Valley has partnered with Burton Snowboards to host Burton Relax & Ride – an exclusive learning program for women snowboarders of all abilities. The program, for groups of two to six guests, is designed for women who have a tough time fitting winter sports into a busy schedule and crave a fun learning environment with friends. The program includes the Burton beginner rental set up, a two-hour lesson and an afternoon mini-spa treatment. The program is $249 with lift ticket or $189 for season pass holders, and is available every day of the season with the exception of peak dates. Click here to learn more.

FIS Freestyle World Cup Returns to Squaw Valley – March 11-13, 2016
Squaw Valley is set to host the best skiers and riders in a variety of disciplines as the FIS Freestyle World Cup returns to the resort March 11-13, 2015. Home of the 1960 Olympics, Squaw Valley played a key role in the early days of the FIS Alpine World Cup, last hosting a tour stop in 1969. Cross racing pits four athletes against each other to race head-to-head down a course of jumps, bumps and berms. Snowboardcross made its Olympic debut in 2006, with skicross in 2010, and both events were among the top spectator events in the 2014 Winter Olympics in Sochi.

Second Annual WinterWonderGrass Tahoe – April 1-3, 2016
The excitement of music, mountains and brews returns to Squaw Valley Alpine Meadows for the second annual WinterWonderGrass Tahoe festival April 1-3, 2016. WinterWonderGrass Tahoe is a unique three-day event featuring world-class bluegrass and acoustic roots performances, craft breweries and local food vendors under the snow covered peaks of Squaw Valley. Between performances and run on the slopes, concert-goers can enjoy the festival’s heated beer tents where California craft breweries will be pouring their signature suds daily. Beyond blues and brews, WinterWonderGrass Tahoe celebrates local non-profit organizations and sustainable living initiatives in an effort to respect the beauty of the High Sierra.

Stowe and Taos Join the Mountain Collective™ for 2015-16 Season
The Mountain Collective™ has widened their geographic reach with the addition of two iconic destinations to its roster.  Stowe joins the Mountain Collective as their first resort on the East Coast, while Taos extends passholder access into New Mexico.  The resorts join Sun Valley, AltaSnowbird, Aspen Snowmass, Ski Banff-Lake Louise-Sunshine Village, Jackson Hole, Mammoth Mountain, Squaw Valley/Alpine Meadows, Thredbo and Whistler Blackcomb in offering unparalleled access to the best ski and snowboard terrain the world has to offer.
For more information about Squaw Valley Alpine Meadows, to purchase a season pass or to make lodging reservations, visit www.squawalpine.com.

About Squaw Valley | Alpine Meadows
Squaw Valley Alpine Meadows is an internationally renowned ski resort in North Lake Tahoe that spans over 6,000 skiable acres. The resort features 42 lifts and 270 trails, as well as the European-inspired Village at Squaw Valley featuring nearly 60 bars, restaurants, boutiques and art galleries. Snowfall averages 450 inches, providing one of the longest ski and snowboard seasons in Lake Tahoe, and establishing Squaw Alpine as a top destination for spring skiing and boarding. Squaw Alpine also boasts one of the region’s only mountain-top beginner areas and several intermediate skier havens including Shirley Lake and the newly renamed Pacific Crest Bowls.

History of Northstar California

Northstar California History

                                                                       Northstar California History

From a self-titled “Timber Farm” to one of the finest mountain resorts in North America, the story of Northstar California began nearly 40 years ago in the historic lumber town of Truckee, California whose winter sport traditions date back to the 1890’s.

Northstar is now a year-round destination resort attracting hundreds of thousands of ski/snowboard and mountain biking enthusiasts each year. And, we are proud to be called home to the largest snowmaking system on the north shore of Lake Tahoe, one of the nation’s top ski/snowboard terrain parks, new base village area offering 35 shops and restaurants and the largest mountain bike park in northern California.
2010
The demo equipment shop in the Village at Northstar expanded in time for the 2010-2011 winter season.
All Fired Up! Pottery making studio will makes its debut, joining the exisiting 35 shops and restaurants in the 150,000 square foot Village at Northstar.
New rental equipment including K2 skis, Burton snowboards and Dalbello ski boots available in the rental shop, and Rossignol cross-country ski equipment available for rent by cross-country skiers.
Offered skills clinics for advanced skiers and riders focused on maximizing enjoyment of Northstar’s one-mile long tree skiing trails on The Backside and Lookout Mountain.
For the first time, Northstar served as host to a Nordic SuperTour event, the premiere cross-country race series in North America.
Vail Resorts acquires Northstar, expanding its collection of premier North American mountain resorts.

2009
Situated at mid-mountain at Northstar, The Ritz-Carlton, Lake Tahoe opened December 9, 2009 featuring ski-in, ski-out access, mountain valet services, Manzanita, the resort’s signature restaurant, and a 17,000 square foot spa and fitness center. The year-round destination includes 170 guest rooms, 23 private Ritz-Carlton Residences and 25 Ritz-Carlton Club fractional ownership units.
The Highlands Gondola, a fixed grip pulse gondola featuring 8 passenger cabins provides a direct connection between the Village at Northstar and The Ritz-Carlton, Lake Tahoe, located at mid-mountain at Northstar.
The Bear Paw double lift accessing the resort’s beginner teaching area was replaced and realigned. The new fixed grip quad chairlift – The Big Easy – provides ski-in, ski-out access to and from The Ritz-Carlton, Lake Tahoe from the mid-mountain area of Northstar and greatly improves access to Northstar’s beginner teaching terrain.
Northstar’s beginner teaching area was expanded and redesigned to include more of the sculpted terrain Smart Terrain that the resort has successfully demonstrated helps improve the learning curve for beginning skiers and snowboarders.
New snowmaking was added to the beginner teaching area of the mountain, allowing for ski-in/ski-out access from The Ritz-Carlton, Lake Tahoe, as well as improved early season conditions for those learning to ski and snowboard. This adds to Northstar’s already extensive snowmaking system.

2008
In advance of the summer 2008 season, Northstar’s mountain bike trail crew constructed a jump park and a new beginner trail from the top of the gondola to the Village at Northstar, providing trails for all levels of rider.
Northstar invested more than $13 million in on-mountain improvements for the 2008.09 winter season. Improvements included the extension of ski trails and the express quad lift on Lookout Mountain — one of the areas of the resort offering advanced ski terrain — new snowmaking systems, tree thinning to make for improved glade skiing, increased lift capacity, and the widening of the ski area boundaries, increasing the resort’s total skiable acreage by 414 acres to a total of 2,904 acres.
Lookout Express lift was extended 2,246 feet and renamed “Martis Camp Express” for the 08.09 winter season.
The Northstar Lodge, Hyatt Residence Club, located in the Village Walk area of the resort, opened the first phase in December 2008.
A four year, $55 million dollar project, the Village at Northstar was completed with the addition of restaurants and retailers including Baxter’s Bistro & Lounge (now Tavern 6330′), The Chocolate Bar, EuroGelato and the Northstar Logo Company.

2007
In June 2007, the Northstar Mountain Bike Park came back bigger and better than ever before. With more than 100 miles of trails, new trails and trail segments, skills development areas, a full-time trail crew and the introduction of LiveWire, Northstar’s first signature mountain bike trail, riders couldn’t get enough.
During the summer of 2007, the resort also offered free scenic chairlift rides for sightseeing and hiking, which were hugely popular.
Construction of Village Walk, the third phase of Village construction began during the summer of 2007. Upon completion, Village Walk will contain 137 units (34 town homes and 103 condominiums).

2006
The summer of 2006 saw the groundbreaking for The Ritz-Carlton Highlands, Lake Tahoe, located at mid-mountain at Northstar. The Ritz-Carlton Highlands will be Lake Tahoe’s first five-star luxury hotel.
In conjunction with Burton Snowboards and Snow Park Technologies, Northstar’s terrain park crew constructed The Stash during the summer of 2006 – a first-of-its-kind run containing features made of materials that are natural to the area. The run combines park riding with backcountry feel and features for all levels of riding.
In October 2006, Northstar’s first six-pack express chairlift, the Tahoe Zephyr Express opened. At the time, it was the only lift of its kind in the United States – a “chondola” containing both chairs and gondola cabins.
During the 2006.07 winter season, the second phase of village construction was completed. This phase included additional luxury accommodations and 40,000 square feet of retail space.

2005
The first phase of the Village at Northstar opened during the 2005.06 season and included three buildings and 60,000 square feet of commercial space that offered a variety of shopping options, galleries, cafes and restaurants all centered around a Village Plaza complete with a 9,000 square foot skating rink.

2004
The Clocktower building at the base of the mountain was deconstructed in May 2004.

2002
The Superpipe was moved from Pioneer to Lower Dropoff.
The terrain park crew dramatically increased the number of features and added signature rails and fun boxes that were accessed off the Vista lift during the 2002.03 season.

2000
Lookout Express lift and snowmaking on the terrain accessed by the lift began during the summer of 2000.
Homerun, a new run off Boondocks to the homes at Big Springs and the parking lot, was cleared.
The North Lookout area was renamed “Lookout Mountain” and opened during the 2000.01 season.

1999
Northstar received county approval for the North Lookout lift and runs during the summer of 1999.
Booth Creek signed a letter of intent with East-West Partners to develop Northstar’s real estate.

1997
25th anniversary season.
Snow tubing was added under the Echo lift.
Cat tours were offered on North Lookout.

1996
Fibreboard sold the resort group to Gillett in the summer of 1996.
Vertical Improvement Lessons and free advanced lessons were introduced during the 1996.97 season.
Booth Creek Ski Holdings, Inc. acquired Trimont/Northstar in December 1996.

1995
The Big Springs real estate development began the summer of 1995. Forty-four lots in Phase I were all sold by November of that year.

1994
The Forest lift was replaced with a Doppelmayr Express Quad and renamed “Vista Express” lift during the summer of 1994.
The title to Northstar property passed from Fibreboard to Trimont during the summer of 1994.

1988
The resort began to allow snowboarders on the lifts during the 1988.89 winter season

1972
Originally known as “Timber Farm,” the mountain was acquired by Georgia Pacific.
Named “Northstar Resort”

The ski resort opened operations in December 1972.

Tahoe Donner Light & Bright Chalet Style Home

Tahoe Donner Light & Bright Chalet Style Home

Tahoe Donner Light & Bright Chalet Style Home

Light & bright South facing home on desirable Ski View Loop. Original owners and well maintained home with popular chalet style floor plan featuring open great room with dramatic floor to ceiling windows, rec room/4th bedroom + loft. Recent upgrades include distressed wood floors & brand new carpets throughout. Additional features include park like setting in back yard, multiple decks, granite counters and gas stove. Centrally located near Tahoe Donner’s amenities with a level south facing driveway.

Asking: $649,000  MLS #: 20151448

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

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

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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 with Stunning Views

Tahoe Donner Mountain Home with Stunning Views

Tahoe Donner Mountain Home with Stunning Views

Perched high with stunning views, this mountain home provides a soothing environment where you can slow down & enjoy life amidst the rosy glow of the Carson Range. Cozy up by the grand stone fireplace or put your feet up & relax with friends around the fire pit with the sound of the creek below. This spacious home has a thoughtful floor plan, beautiful finishes & plenty of room for entertaining. Equipped with 4 bedrooms, 4 bathrooms, & an enormous
media room, there is ample space to accommodate everyone.

Asking: $1,395,000  MLS #: 20151455

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

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

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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.

 

Lahontan Beautiful Getaway

Lahontan Beautiful Getaway

Lahontan Beautiful Getaway

Beautiful quiet Lahontan getaway. Custom 4 bedroom (3 master suites) 4 1/2 bath mountain home situated on a beautiful very private meadow in Lahontan.  The unique 9 foot hand honed solid wood doors express the attention to detail this home provides. High vaulted ceilings, massive stone fireplace, gourmet kitchen and large family loft are just a few of the special thoughts that went into this wonderful home. Expansive out door living space for entertaining, in a very private setting. This is a must see home.

Asking $2,195,000 – MLS#: 20151412

To see this Truckee Lahontan mountain real estate property for sale, please call Scott Kennedy @ 530.582.9980

Click here for more information and photos of all Truckee Lahontan real estate 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 Home with High Quality Finish and Design

Tahoe Donner Home with High Quality Finish and Design

Tahoe Donner Home with High Quality Finish and Design

This exquisite home is the definition of easy living. From the generous parking area to the main level living and master suite… the home has been designed for easy, comfortable use. The main level also has a guest bedroom and bath and a laundry/mud room. The lower floor can be closed-off from the main level and provides two more bedrooms (one a suite) a large entertainment room, a game room, the 4th bathroom and a storage area. There is also an unfinished bonus room with a separate access door. The quality in this home is shown in the finish and design, all materials were carefully designed and matched to the setting and location of the home, which includes cherry cabinets, oak hardwood floors, douglas fir door trim, birch doors, cedar ceilings, and granite counters. Communications outlets are plumbed to the front closet. Deck has natural gas plumbing for a barbecue. Wired for surround sound. Two thermostats for heater, central vacuum, ceiling fans and skylights. A beautiful park like setting!

Asking: $1,095,000  MLS #: 20151443

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

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

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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.

Tahoe Donner Master Craftsman Home with Grand Views

Tahoe Donner Master Craftsman Home with Grand Views

Tahoe Donner Master Craftsman Home with Grand Views

Grand views of Donner Lake and the Pacific Crest will immediately draw you to master craftsman Paul Buschmann’s personal residence. However, it is the abundant thoughtful details that set this home apart: Distressed Cherry floors, shaker-style cherry cabinets, redwood siding, Mountain Forge iron work, Viking appliances, sunken hot-tub, quartzite patio, glass railings, recirculating stream and pond, complete irrigation sprinkler system, secondary washer and dryer in master closet, large slab-floor storage.

Asking: $1,775,000  MLS #: 20151444

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

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

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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: Sierra Sotheby’s Int. Realty.

Martis Camp Distinctive Cabin Retreat

Martis Camp Distinctive Cabin Retreat

Martis Camp Distinctive Cabin Retreat

A distinctive cabin in Martis Camp that lives like an estate home with all the benefits of a prime amenity core location. The trail system, Putting Park and Family Barn are all steps away. Enjoy the Tahoe air with over 1,500 sf of outdoor living spaces. Flexibility in design gives you options to customize with a reading room (4th bedroom), media room, and an office. The refreshing architecture and clean presentation make this retreat a perfect combination of everything you are looking for in Martis Camp.

Asking $3,375,000 – MLS#: 20151100

To see this Martis Camp real estate property for sale, please call Scott Kennedy @ 530.582.9980

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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: Martis Camp Realty.

Lahontan Mountain Home Perfect for Entertaining

Lahontan Mountain Home Perfect for Entertaining

Lahontan Mountain Home Perfect for Entertaining

Gorgeous mountain home over-looking the 3rd and 4th green. This home is perfect for entertaining! It consists of a private master suite and four bedrooms in the main house plus a separate one bedroom cottage. Large welcoming entry way, incredible temperature controlled wine cellar, large kitchen with breakfast nook looking out to the golf course. Grand living room with incredible fireplace, custom designed bar, beautiful hardwood floors, surround sound throughout, and vaulted ceilings with huge beams.

Asking $2,895,000 – MLS#: 20151127

To see this Truckee Lahontan mountain real estate property for sale, please call Scott Kennedy @ 530.582.9980

Click here for more information and photos of all Truckee Lahontan real estate 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.

Lahontan Grand and Beautiful Custom Mountain Home with Views

Lahontan Grand and Beautiful Custom Mountain Home with Views

Lahontan Grand and Beautiful Custom Mountain Home with Views

A grand and beautiful home on the signature par 3 third hole and lake. Custom designed with 4 bedrooms, 4.5 baths and a large family room. Enjoy 360
degree lake, mountain and golf course views from the decks and patio’s and nearly every window. Fish out the back door, walk to the golf course,
clubhouse, spa, tennis courts and pool at Camp Lahontan. Bring the whole family.

Asking $1,965,000 – MLS#: 20151093

To see this Truckee Lahontan mountain real estate property for sale, please call Scott Kennedy @ 530.582.9980

Click here for more information and photos of all Truckee Lahontan real estate 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: Matt Gelso Real Estate.

Lahontan Gorgeous Custom Home on 1st Tee of Championship Golf Course

Lahontan Gorgeous Custom Home on 1st Tee of Championship Golf Course

Lahontan Gorgeous Custom Home on 1st Tee of Championship Golf Course

This gorgeous custom home with room for multiple generations sits on the first Tee of Lahontan’s 18 hole Championship Golf Course. The large open floor plan allows for everyone to enjoy the space together, sneak away for a game of pool in the Rec room or relax with a quiet movie in the family room. High quality construction with open beams, floor to ceiling fireplace and lots of detailed woodwork.

Asking $1,850,000 – MLS#: 20151070

To see this Truckee Lahontan mountain real estate property for sale, please call Scott Kennedy @ 530.582.9980

Click here for more information and photos of all Truckee Lahontan real estate 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.

Lahontan with Views of 5th Fairway, Northstar and Carson Range

Lahontan with Views of 5th Fairway, Northstar and Carson Range

Lahontan with Views of 5th Fairway, Northstar and Carson Range

Beautiful 2003 Custom Lahontan home builder John Corda, sits beautifully on the 5th tee box of the Tom Weiskopf. Views of the 5th fairway and views of Northstar and the Carson Range, 4 large bedrooms 41/2 bath, stunning grand rock fireplace and a very open floor plan. Custom woodwork through out the home.

Asking $2,500,000 – MLS#: 20151066

To see this Truckee Lahontan mountain real estate property for sale, please call Scott Kennedy @ 530.582.9980

Click here for more information and photos of all Truckee Lahontan real estate 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.

Lahontan on a Cul-de-Sac with Privacy

Lahontan on a Cul-de-Sac with Privacy

Lahontan on a Cul-de-Sac with Privacy

Sunny, level and close proximity to all amenities. On a cul-de-sac with lots of privacy. A very open and spacious 4 bedrooms, 3.5 baths, two family rooms, office, large laundry room and more. The large covered patio is perfect for outdoor entertaining.

Asking $1,975,000 – MLS#: 20151022

To see this Truckee Lahontan mountain real estate property for sale, please call Scott Kennedy @ 530.582.9980

Click here for more information and photos of all Truckee Lahontan real estate 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: Matt Gelso Real Estate.

Lahontan with 360-degree lake, mountain and golf course views

Lahontan with 360-degree lake, mountain and golf course views

Lahontan with 360-degree lake, mountain and golf course views

A grand and beautiful home on the signature par 3 third hole and lake. Custom designed with 4 bedrooms, 4.5 baths and a large family room. Enjoy 360
degree lake, mountain and golf course views from the decks and patio’s and nearly every window. Fish out the back door, walk to the golf course, clubhouse, spa, tennis courts and pool at Camp Lahontan. Bring the whole family.

Asking $1,965,000 – MLS#: 20151093

To see this Truckee Lahontan mountain real estate property for sale, please call Scott Kennedy @ 530.582.9980

Click here for more information and photos of all Truckee Lahontan real estate 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: Matt Gelso Real Estate.

Tahoe Donner Beautiful Home on a Quiet Street

Tahoe Donner Beautiful Home on a Quiet Street

Tahoe Donner Beautiful Home on a Quiet Street

Beautiful home on a quiet street in lower Tahoe Donner, located close to The Northwoods Clubhouse, tennis center and The Trout Creek Rec Center.
Tahoe Donner has all the mountain amenities for everyone in the family. The home is 3 levels with the garage and bedroom / office on the 1st, the great
room, a half bath and master bedroom on the 2nd, and the 3rd level consists of 2 bedrooms, a bathroom and a loft.

Asking: $769,000  MLS #: 20151198

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

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

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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.

Tahoe Donner Sunny Lot and Quiet

Tahoe Donner Sunny Lot and Quiet

Tahoe Donner Sunny Lot and Quiet

This home is situated on a sunny lot in a quiet Tahoe Donner neighborhood, adjoining greenbelt for extra privacy. Featuring a great room w/gas stove,
country kitchen, dining, master bedroom/bath/powder room and spacious entryway with room for all your snow gear on the main level. Upstairs features a nice sized loft ideal for a home office or TV room plus 2 bedrooms & bath. A great and functional floorplan for full time living or vacation getaway! Exterior was just stained and driveway will be sealed.

Asking: $540,000  MLS #: 20151221

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

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

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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.

Tahoe Donner Mountain Home with Amazing Views

Tahoe Donner Mountain Home with Amazing Views

Tahoe Donner Mountain Home with Amazing Views

 

If you’ve ever wanted to buy a mountain home with amazing views – this is the opportunity you’ve been waiting for! With the recent addition of the gas stove in the living room and cherry hardwood floors throughout, you’ll love this 4 bd, 3.5 ba, plus office & large rec room. Seven zone hydronic radiant heat along with the huge 3 car garage plus workshop are some of the extra features in this mountain home. Enjoy the sunrise views from the deck off the kitchen or from your private master bedroom deck.

Asking: $868,000  MLS #: 20151218

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

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

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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.

Tahoe Donner Immaculate Home nestled in Towering Pines

Tahoe Donner Immaculate Home nestled in Towering Pines

Tahoe Donner Immaculate Home nestled in Towering Pines

Dont miss this immaculate Tahoe Donner home nestled in the towering pines. The open great room features floor to ceiling windows giving the main living area a whimsical feel. Enjoy entertaining in the spacious dining and kitchen area. Owner recently installed, new appliances, carpeting and doors. The lower Game room has a separate entrance to the back yard area and a closet and is referenced as the 4th bedroom w Room for a bathroom addition.
Owner has priced this one to SELL!

Asking: $595,000  MLS #: 20151160

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

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

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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 – Truckee.

Tahoe Donner Cozy Mountain Home

Tahoe Donner Cozy Mountain Home

Tahoe Donner Cozy Mountain Home

You will love this cozy, 2-story mountain home in Tahoe Donner. This 3 bd, 2 ba home plus a spacious loft will give you 2000 sq. ft. to create happy
memories for family & friends. Gather around the efficient gas wood stove after an exciting day on the ski slope while the kids play in the loft upstairs. It’s the peaceful getaway you’ve always wanted! Situated in a highly desirable area just 10 minutes from historical downtown Truckee, this is the nature
-enthusiast’s dream and the perfect home away from home.

Asking: $409,000  MLS #: 20151214

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

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

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