Plumas and Sierra Counties

Description

Plumas and Sierra County are located about 45 minutes North of Truckee.  These are popular areas for their secluded feel in the midst of acres and acres of land.  The prices of homes are a little lower in these areas as well.

Price Range: $50K – $1.5 mil.
Amenities: No
HOA: Few Properties
Approximate % Locals/2nd Homeowners: 80% locals; 20% 2nd homeowners
Condos: Yes
Approximate Lot Size: .25 – 100 acres
Price Range for Lots: $15K – $300K

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Market Report

Inventory in the Lake Tahoe/Truckee area is extremely low, with average months of inventory between 4 and 4.5 months.  Only at the $1.5M and above price point do months of inventory exceed 6 months, which is what the industry considers a “balanced” market (i.e., neither a buyers’ nor a sellers’ market).

If you currently own property in our area, we’d be happy to provide you with a real estate review for your specific parcel(s).

Truckee Railyard Project Coming to Fruition

Truckee’s history is rich and varied.  It has thrived through periods of logging, mining, railroads, and tourism.  It’s gone from unincorporated hamlet to an ever growing town. And now, a new chapter is on the horizon for our little mountain town.  This spring, construction will begin on the infrastructure for the long awaited Truckee Railyard Project.  This past summer, the California Strategic Growth Council awarded the project an $8 million grant, bringing its total secured funding to $14 million. The Railyard development was one of 28 housing and transit-friendly infrastructure projects that received $121.9 million in grants and loans from the council.

The Truckee Railyard Master Plan, which encompasses 75 acres directly east of Historic Downtown, was adopted by the Truckee Town Council in 2009.  This area currently is a bit of an eye-sore and is mostly unused. The 2009 Master Plan was created to formalize the Town’s vision for the Railyard Area and to guide its future redevelopment. The plan addresses building architecture and character, desired land uses, and private/public spaces including roads, sidewalks and parking among other aspects.

The Phase I application shows a roughly 30,000-square-foot, independently owned and operated three to six-screen movie and performing arts theater, a brew pub restaurant, a retail building with an office above, mixed income housing, a 32,000-square-foot grocery store, and downtown workforce housing for land located east of the town’s Commercial Row.

Phase 1 features 27 residential units and ground floor retail space.  There will be a 77 unit, mixed-income development including 60 affordable housing units and 17 market rate ones.  A family owned and operated Northern California grocery store chain, Nugget, has signed a letter of intent, as well.

Two additional phases will eventually complete the project.  Phase II, the Trout Creek District, will provide a mix of single family and multi-family homes along the newly restored Trout Creek.  These homes have the unique opportunity to provide well designed, smaller single family units in the downtown core.  Phase III, the Industrial Heritage District will contain a mix of uses including multi-family residential, artisan and commercial space, live-work and work-live uses.

The Railyard is a vision for redefining mountain living. Growth in our full time population and the local economy have created an immense unmet demand for workforce housing, live/work space, and office space.  And increasingly, residents and visitors’ alike desire a more walkable mixed-use area, which this project is uniquely prepared to offer.

RailyardSee for yourself!  You can find more information and see renderings on the Truckee Railyard website.

Affordable Housing options in the Tahoe region

One key to any healthy community is its diversity – in people, backgrounds, incomes, options and more.  A second-home heavy community such as the Truckee/Tahoe area needs full time citizens who can afford to live here. They are the lifeblood as our teachers, nurses, police, etc.  Thankfully, a number of area entities have come together to address this issue in the Tahoe region and provide alternatives for the workers our community simply can’t do without.

The Town of Truckee has two affordable housing programs for first time home buyer, the BEGIN Reuse Program, and the CAL HOME Program. Both have strict, but realistic qualifying guidelines, such as the residence must be within town limits, and a primary home.  But the rewards those who qualify are great:

  • The interest rate on the Town loan is 3% annual (simple) interest.
  • All interest and payments are deferred until the first of three things occurs:  1) 30 years pass; 2) the home purchased changes title; or 3) the home purchased is no longer the buyer’s primary residence.

There is also affordable housing for rent in the area in developments such as Frishman Hollow, and Henness Flats.  Low Income Housing properties generally reserve 20% of their units for families making less than 50% of the Area Median Income (AMI) and 40% for families making less than 60% of the AMI.

Mortgage subordination programs are available also for refinancing a first mortgage as a way of lowering household costs.

Placer Co. has a number of programs applicable to our area, as well.  The First-Time Home Buyer Assistance Program and the Martis Fund, to name just two.  And of course there are State and Federal programs, as well.

Affordable housing increases spending and employment in the area, sustains revenue streams for local governments, and reduces the likelihood of foreclosures and their associated costs. Without a sufficient supply of affordable housing, employers ”” and entire regional economy ”” can be at a competitive disadvantage because of not being able to attract and retain workers. These workers keep the wheels of our local economy churning and without them, our economy would simply grind to a halt.

The first step is to meet with a qualified local lender who can examine the ins and outs of the programs and then determine which one might be the right fit for you.  Once you know your parameters, we can help you find the right home to meet the program’s guidelines and assist you through the rest of the home buying process.

New Dickson Mobile App – Real Time Data

If you want the best, up to the minute real estate information on the Tahoe/Truckee area, then look no further.  Third party sites rely on the limited information they can glean from tax rolls and other public docs.  Dickson’t new mobile app is tied directly in to our Multiple Listing Service(MLS), atool up until now that has been reserved for liscensed agents, for real time data.  This is a better, more reliable way to stay on top of the market!  Our GPS enabled mobile app is fast, powerful, and easy to use. Plus, your favorite listings, market data and more are always just a tap away on your iPhone, iPad or Android phone or tablet. Download it today via your App store!

You can search active, sold and open house listings via criteria, maps or your current location, quickly save favorite properties and compare them using real time charts, and share properties via Facebook, Twitter, email, and text.  If you are out and about and see a For Sale sign, you can now research that particular property immediately.

The App includes:

  • Map search including current location (GPS Required)
  • Search active and open houses
  • Search for offices and agents by name
  • Search by address, property type, price and more
  • Mark and save favorite properties
  • Share properties via Facebook, Twitter, e-mail and text
  • Search by map using our Polygon mapping tool
  • Contact us with a touch of a button
  • View full property details and full-screen color photos
  • Anything you save on your mobile device will automatically sync when you log into your account on  your computer too!
  • And so much more”¦

Give it a try – I’d love to hear what you think about it!mobileapps

Are you informed?

It’s frightening to know something is amiss but not have full details.  Lately, in our area, smoke has filled the basin each afternoon.  Is it local?  Should I be concerned about my family and home? Do I need to evacuate?  These are questions for which you can now get immediate answers.

There is now a nationwide system in place among local law enforcement and fire agencies  in which you can receive email and text messages from officials as news breaks.  It’s called Nixle.  Nixle’s mission is to enable secure communication channels between residents and local public safety agencies in order to create safer and more informed communities.  A one time signup allows officials to alert you as need arises.

Not only is this perfect for primary homeowners, but it’s obviously a wonderful way to know what is going on in the area where you might have a vacation home. You can sign up to receive notifications from any number of participating agencies and areas.

Whether its fire, flood, earthquake, highway closure or winter storm, it will set your mind at ease to know what’s going on.  Find out more anout Nixle  here.

 

Click on the photo below to enlarge

nixle

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