Homebuyer Assistance Program Helps 12 Families Plant Roots in Martis Valley

Twelve families have been able to maintain their roots in the Martis Valley region with the help of the Martis Fund Homebuyer Assistance Program. Launched less than a year ago by the Martis Fund and Placer County with initial funding of $500,000 to help working families find homes in the area, the success of the initial phase has prompted an extension of the program into 2016. Loans are available for homebuyers working in Placer County east of Donner Summit, or in the Town of Truckee, and seeking to buy homes in those areas. Due to the demand for these loans, the Martis Fund recently provided an additional $200,000 for a second phase of the program. Placer County is currently accepting applications for the homebuyer program. Loans will be made on a first-come, first-served basis. Info: placer.ca.gov


Nineteen Homes Go Into Escrow in One Weekend

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Between Saturday, Feb. 27 and Monday, Feb. 29, 19 Tahoe properties went into escrow, including nine homes in Truckee and five in Squaw Valley, according to Tahoe Luxury Properties. The remaining five are in the Lake Tahoe Basin. The nine Truckee escrows include one Martis Camp home listed for $9,495,000, two Lahontan lots, a Tahoe Donner home, two Northstar homes, and two properties in Gray’s Crossing. This spike in activity represents a piqued interest in Tahoe real estate with easy access to ski resorts. In addition to the five Squaw Valley homes in contract over the weekend, three other Squaw Valley properties went into contract since Feb. 1, totaling eight February contracts. “The numbers make evident the correlation that our strong winter and ideal ski conditions drive increased real estate interest,” said Bill Dietz, president of real estate at Tahoe Luxury Properties. Info: tluxp.com


North Lake Tahoe and Truckee Luxury Home Sales Decline

Luxury home sales in North Lake Tahoe and the Truckee area dropped in the fourth quarter of 2015 from the same period a year ago, according to a report by Coldwell Banker Residential Brokerage. A total of 50 homes sold for more than $1 million during the October through December period, down 39 percent from the 82 high-end sales during the fourth quarter of 2014 — a particularly strong stretch for the luxury market. Sales were also off from the third quarter of 2015, when 72 properties sold for more than $1 million. For all of 2015, there were 187 luxury sales compared to 234 million dollar sales for all of 2014, a 20 percent decline. Meanwhile, the median sale price of a million dollar home in the fourth quarter was $1,534,375, down 3.3 percent from the same period a year ago. The most expensive sale in the North Lake Tahoe/Truckee region was a 5,900-square-foot six-bedroom lakefront home in Homewood that sold for $9.95 million.


Alison Elder Named Chase’s 2015 Tahoe/Truckee Realtor of the Year

Chase International recently recognized Alison Elder as the 2015 Agent of the Year for the Lake Tahoe area. This is the fifth consecutive year Elder has received the honor. Throughout 2015, Elder was responsible for $57,871,513 in total sales volume. She was involved in listing 60 units for a total amount of $31,862,007, and on the selling side she represented buyers of 58 units for a total of $26,009,506. Elder represented 10 percent of the total market share in Tahoe Donner, selling $34,290,503 in 2015 and more than $130,000,000 in Tahoe Donner since 2009. Info: eldergrouptahoerealestate.com


Architect Uses Cantilevers to Create Additional Space, Minimize Floorplan

TGM Architect recently renovated a 1920s cabin in Tahoe Pines and used second floor cantilevers over the first floor. This particular design complicates the structural system in a high snow load location like Tahoe. There are several large steel beams and columns throughout the upper floor framing to transfer the large roof loads into and through the main level walls down to the foundation. By having the upper floor stack on the lower level walls, Todd Mather was able to create two en-suite bedrooms, rather than be limited to a single bedroom. The original structure could not withstand a renovation, but the owners wanted to preserve the look and feel of the practically-historic building. The resulting 1,850-square-foot two bedroom home features a soaring living room with antique lights and mantle, and an overlooking exposed and recycled timber-framed reading loft. The entire house is wrapped in recycled Utah barn wood sitting atop a stone wainscot. Info: tgmarchitect.com

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