Shasta County Residential Sales

Housing Market Update

 Updated January 24, 2009

· Sales activity is down this month: 95 single family homes sold in the last thirty days compared to 144 the previous month. However, we are experiening an increase in activity ith approximately 289 single family homes currently in contract (pending).

· Our inventory levels is decreasing for Single Family homes in Shasta County, there is approximately 1,500 homes for sale compared to 1,650 homes in December.

· Home prices continue to decline offering great deals to first time home buyers and those looking for investment properties. This explains the increase in sales for homes priced beteen $150,000 and $200,000 in the last three months. 70% of the homes currently in contract are priced under $265,000.

OTHER STATISTICS - 1/24/08

· Median Price: $190

· Average SOLD price: $223,000

· Average Listing Price of UN-SOLD homes: $370,000

• Average DOM (Days on Market): 140