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Feather River Bulletin
Quincy, California
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February 4, 2015     Feather River Bulletin
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February 4, 2015
 

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Feather River Bulletin , Wednesday, Feb. 4, 2015 3A mome Ann Powers Staff Writer apowers@plu masnews.com If home sales are any indication of how the - economy is doing, Klondike-like days could be making a comeback in Plumas County Area Realtors say luxury real estate struck gold in 2014 with numerous homes selling for more than $1 million. The Lake Almanor real estate market saw 11 luxury home sales over $1 million, and four of those sold for more than $2 million, according to Jay Sabelman, who owns Lake Almanor Brokers. "Which is a definite huge surge from the time period of 2005 to present," he noted Elsewhere, Dickson Realty represented both the buyer and seller on a Grizzly Ranch house that closed in December for $1,425,000 A Whitehawk Ranch high-end dwelling sealed the deal at $1,062,000 in August. "These home sales are the first in the area that were more than $1 million since October 2007," said Dickson's Scott Walquist. "There were no foreclosure sales or short sales in the lux.ury market, also a first since 2007 that greatly contributed to overall optimism in the real estate community" In addition, home sales ,i above $500,000 in 2014 gained : significant ground over the previous year. In 2013, nine homes sold in this category with an average price of $612,111. The median in 2014 was $769,550 with 10 sold, said Walquist. That said, the county appears to be following a larger market trend. Economists say high-end home sales are climbing nationwide as a recovering economy, coupled with stocks nearly triple 2009 lows, encourages affluent buyers "The real estate mai-ket is the ultimate reflection of confidence, wealth and income," CoreLogic economist Sam Khater stated on Bloomberg.com. Moreover, reports show loan applications rose last year for home purchases of $500,000 or more. In April, the average loan size reached $280,000 -- the highest since 1990. Getaway home sales are We now accept: CareCredit to manage ),our family's out-of-pocket vision exams & eye wear. A reported increase in high-end home sales forecasts brighter days for local economies. This home is for sale in the Graeagle area for $995,000. Photos courtesy Dickson Realty luxury living is making a comeback in Plumas County. "The real estate market is the ultimate reflection of confidence, wealth and income." Sam Khater Economist CoreLogic also raising the roof. Service starting at $869,000 Vacation properties made upThe average list price is 13 percent of transactions in $1,360,000. 2013. That's the largest share Sabelman summarized the in seven years, according to sales boost to be beneficial the National Association offor local businesses and Realtors. attracting residential Walquist says that's a newcomers bonus for Plumas County. He"We see it as good news in points out the demand in hopes that more people will Plumas County as a getaway visit the area, shop, dine and vacation destination is recreate in the Lake Almanor emerging, and so is the area," he said. "We also hope supply of top-end second it will produce more jobs homes. There are currently down the road for our locals 25 luxury houses available on and people moving into the the Plumas Multiple Listingarea." h Sierra Firearms Instruction Offering CCW Classes for Sierra, Plumas and Lassen Counties As well as Personal Protection Classes and Men's and Ladies' Basic Pistol Courses Call for Schedule NRA Pistol Instructors Curt McBride & Travis Schiavone Call for information and sign up for one of the upcoming classes 530-927-9760 It is your right to protect your home and family. Know how to do it right and be prepared. Tax Returns this year have new ACA forms & a refundable premium tax credit that is available for some people. Come see the experts who have current knowledge. Certified agent with Covered California IRS Enrolled Agent Lori Morrell Lomas CA. Lic. #0B06912 COVERED CALIFORNIA An enrolled agent is a tax professional who has earned the 20A Crescent Slreet privilege of representing tax payers & has demonstrated Quincy, CA 9597 ] special competence in tax preparation before the IRS. (5:30) 283-2341 www.featherfinancial,com featherL financial taxandinsurance@aol.com - " Tax and insurance Services - DID YOU Diabetes, Glaucoma & Macular Degeneration are diseases that can cause vision loss. Make an annual visit to your eye' doctor for early detection. Seniors are at greater risk for eye diseases that can cause vision loss if undetected. Don't delay, call and schedule your appointments today. Fire, Water or Wind have you frustrated? Don't be misled:" It's ultimately your choice what contractor you use for repairs, not your insurance company's choice[ Insurance- related repairs are one of our specialties. " Emergencies 24/7 CONSTRUCTION SINCE 1984 General Building Contractor Calif. Lic. #453927 (530) 283-2035 - FRIDEN OPTOMETRY Jonathan Friden, O.D. 68 Central Ave. * Quincy 283-2020 .fridenoptometry.com Complete vision and eye care, Optometrists and Ophthalmologists on staff, Vision and Eye examinations, treatment of eye disease, cataract surgery, foreign body removal, threshold visual field analysis, contact lenses, glasses (large selection of inexpensive to designer eyewear), low vision aids for the visually impaired, and vision therapy for learning related vision problems. Don't sit back and let others do the talking for you. Express yourself in our LETTERS TO THE EDITOR email: dmcdonald@plumasnews.com on / Are you saving some of that concrete for yourself? * So tough'& old, the shark even spit you out! Medi-Care here you come! ) RTHDAY, February 1 punch card (530) 249-3411 F b , acebook.com/rh hmandgracedancestudlo ! !