Truckee Lake Tahoe Real Estate News
Home Sales Up Almost 6% Across the County
Does This Signal the Bottom of Pricing?

Sales of previously owned homes were up almost 6% percent for September, the largest increase since July 2003, and the supply of unsold homes fell, a positive sign for a housing market stalled for some time.

The National Association of Realtors reported on Friday that sales of existing homes rose to a 5.18 million units at an annual rate from the 4.91 million components pace set in August. Economists had anticipated sales to rise much less to only a 4.93 million unit rate.

This increase in sales is the first time in three years that the pace has risen above the prior years sales – a most suggestive sign the market is stabilizing.

This might have been a surprise to many that this large jump in sales pushed the inventory of unsold homes down by 1.6 percent to 4.27 million, or 9.9 months’ nationwide; while in our Truckee Tahoe greater MLS we see approximately the same or 10 months’ inventory.

Though the supply is still high in some areas, the turn down is excellent news for a housing market that has been hindered in a slump or worse in some parts of the country.

Increased sales occurred mainly in three regions, by way of the West showing a solid a 16.8 percent jump. The Midwest saw an increase of 4.4 percent and the South saw a 2.2 percent rise; while the Northeast showed a decrease in the number of units sold.

The median national home price declined 9 percent from a year ago to $191,600, the lowest level since April 2004 nationwide. Truckee and the greater Tahoe area show a median sales price for September thru October of $553,500, while the median asking price was $588,500.

Timing your purchase? Now could be the time! Bonnie Jessee, Realtor 530 412 3984

www.welcomehometruckee.com

Truckee California Real Estate News Today

THE TRUCKEE~TAHOE LIFESTYLE

WE HAVE IT ALL

Bonnie Jessee

530 412 3984

If you are one who hasn’t been to Truckee lately you might be in for a in for a big surprise.  Our formerly ‘small’ mountain town is on the ‘map’ thanks to the beauty of the area and an incredible abundance of activities.  While Truckee’s population hasn’t changed all that much and we still love our small town feel; we have new golf courses, improved ski hills, new town parks and recreation areas being built and the soon to be open, Ritz Carlton, in addition to numerous other new resorts, all for the pleasure of locals and guests alike.

In actuality Truckee survived after the railroad and lumber industries only because of the brainstorming of locals who loved it here and wanted to see the area grow and prosper.  Hence, the ice palace was born; along with a skating rink, toboggan run, ski jump and music festivals.  The idea of economic gain gleaned from winter sports was at the time, unheard of.  And now ~ there are so many more incredible activities to choose from ~ including boating, rock climbing, hiking, and on and on!

Come and join us ~ let me assist you in finding that perfect ‘lifestyle’ home from which to enjoy the clean blue skies and never-ending vistas of beauty.  Who knows?  You might be one of the ones that just never leave again (like me)!

Bonnie Jessee 530 412 3984

www.welcomehometruckee.com

HEAVEN IN TRUCKEE!

12809 Pinnacle Loop

Truckee, California 96161

Bonnie Jessee

530 412 3984

With our blue skies; green earth, forever views and so very much to do thru all the seasons in Truckee and Lake Tahoe, what more could we desire?

Easily we could desire to find that perfect home – at the perfect price - to enjoy our family and friends.  Such as this fabulous property located close to heaven in Tahoe Donner!  This five bedroom, four and one half bath beauty is currently listed for $2,195,000.

This magnificent mountain home has it all! With breathtaking panoramic views of the Sierras including Mt. Rose, Northstar and Tinker’s Knob. Custom designed with all the bells and whistles! Featuring a majestic great room with floor to ceiling windows, Artisan gas fireplace and wet bar. The gourmet kitchen has everything a chef would desire. A lower level family room features a wet bar and access to an expansive deck to enjoy the views! 3 master suites, a game room, huge garage, and lots of storage too!

Almost 5,000 square feet of unsurpassed beauty!  Call me for a private showing.

Your Buyers Agent:    Bonnie Jessee, 530 412 3984

                                    http://www.welcomehometruckee.com     

Reprinted from the Sierra Sun Thursday, September 18^th, 2008

Bonnie Jessee, Realtor 530 412 3984

A row of houses for sale in the Winter Creek Development in Truckee shows times are slow for developers.

Emma Garrard/Sierra Sun

Small contractors and big developers alike are trimming down as the real estate market continues to slump.

But East West Partners has seen less of a slowdown in the Tahoe-Truckee area compared to other properties they have in Colorado, he said.

“Industry-wide we’ve seen a slowdown, but comparing Tahoe to Park City or Vail, we’ve seen less pronounced effects in Tahoe,” Riva said.

The Winter Creek development in Truckee has slowed some along with the rest of the market, said Tom Grossman with GLA Morris Construction, but overall is still doing well.

Likewise, Sue Ruane, executive vice president at the Tahoe Sierra Board of Realtors, said real estate agents have been relatively insulated from the declining housing market.

“We usually have a membership of about 1,000 — always right in that

range — and right now we’re at 950, so the effects haven’t been as big as you’d think,” Ruane said.
 
Grossman said all this means it’s a good time to buy locally.

“I think the entire Truckee-Tahoe market is very under-valued right now, and is a great investment,” Grossman said.   Give me a call today at 530 412

www.welcomehometruckee.com

Lake Tahoe Truckee Real Estate

PROFESSIONAL PROPERTY MANAGEMENT

AND YOUR SECOND HOME/INVESTMENT PROPERTY

TRUCKEE AND LAKE TAHOE REAL ESTATE

BONNIE JESSEE, REALTOR

530 412 3984

This year I have dealt with several buyers who are interested in retiring here in the beautiful Sierra’s; on the North Shore of Lake Tahoe, Truckee and Sierra County.

It has been very interesting to note that my buyers have different reasons for buying – some as investment with a desire to perhaps use the home for a week or so a year, some only as investment property and a few buyers contemplating the potential of becoming a retirement property at some point.

In any case, we have been successful in purchasing these properties at excellent pricing for my buyers.  Statistics are proving out that property pricing in our local ‘areas’ are currently stabilizing – therefore with an almost certain guarantee of increased values to come for the buyers, no matter what the use of the property.

In any case, being asked to ‘manage’ these properties for my buyers seemed like a perfect fit for my professional management style.  I am currently accepting applications for long term leases management for those homeowners who desire the professional property management I have provided to my commercial property owners for several years.

Call me and let’s talk about it….Bonnie Jessee 530 412 3984

CALIFORNIA REAL ESTATE NEWS

Will The Home I Buy Will Appreciate In Value?

Bonnie Jessee, Realtor

Truckee, California 530 412 3984

As a buyer’s representative my buyer’s best option is to connect with me, your Realtor and together study the area you desire to live in and do the homework to learn as much about that particular area as possible.  As your local Realtor I can provide you with an overwhelming amount of information – because I know the territory!

In some areas, homes closer to town centers and recreation areas are valued higher and appraise at a more rapid rate because of the desire of the public to shorten their commute to and from work and play (I can run a report showing the sales, listing times, properties on the market for the past several months ~ or however rapidly the local market might be changing).  It is also possible you may get a nicer and larger home for the same price, if willing to consider a longer drive to work or play and the chosen home may grow over time to become a great property buy.  Studying the town future land use map, which can be obtained at the Town of Truckee website www.TownofTruckee.com will provide useful information on Nevada and Placer County plans for the future.

The most often quoted rule is that location, location, location. Typically, you will want to make sure the house does not back to busy streets or front them for that matter.  Avoid corners and intersections.  Choose mid block or a cul-de-sac.  My suggestions are always to stay away from homes which are considered "unique” (or really means ‘strange’) unless of course they appeal to a wide range of people.

You’ll want to be sure the home has at least two bathrooms, unless you plan to remodel.  Obviously if you are buying as a second/vacation home this will be necessary for privacy!  Also, buying a smaller home in a fabulous neighborhood might provide for appreciation. You probably already know about the schools and shopping convenience, as well as potentials which might detract from the property value.  Having me as your professional Realtor to advise you is the best bet for you the buyer.  Remember, that I really want your repeat business (it’s a small town)! And as a true professional I would ever tell an untruth to you, my client and future friend.

Sometimes it is just timing that works out to provide you appreciation gains; for instance buying that home before a major surge in local market prices.  This would be related to the need to be informed about the area before purchasing the home: Your Realtor, Bonnie Jessee 530 412 3984~CALL ME.