Redding Ca Housing Market finished strong in the 4th Quarter of 2012. The real estate market has officially shifted from a buyer's market to a seller's market...overnight! Sales are up quarter after quarter and inventory continues to decline but not buyer demand!
Shrinking Inventory Our local MLS inventory for single family homes in Shasta County is at 550 effective the day of this report (1/24/13); 230 of those homes are located in Redding. This shrinking effect has caused home value to increase naturally; there are more buyers than we have homes for … (2 comments)
market conditions: What's Up With the Real Estate Market!
- 03/27/12 01:53 PM
The Crazy/Loco Real Estate Market Things are crazy, crazy! If you would have told me a year ago that we would be seeing the "bottoming" of the real estate market in our little town of Redding, CA I would have said you're crazy, "muy loco"...but folks, I'm here to tell you we are turning the corner! Remember those days when you'd put up a for sale sign and the phone would ring (a lot) and soon after you'd have multiple offers on the table? Well, that's exactly what's happening today in Redding's Housing Market. Busy buyers out looking in the late dark hours, … (2 comments)
market conditions: Have we hit bottom yet?
- 11/19/09 09:35 AM
We're often asked this question by friends, family and clients and while it's important to clarify that not all homes hit bottom at the same time, if we look purely at local MLS numbers and current market activity, we can safely say that Redding's Real Estate market in general has seen the bottom. The decline of home values has slowed down in our area and our "pending" sales continue to increase every month...causing sales activity to remain solid. A recent index by Zillow, indicated that Redding's home values for the month of September were up 0.1% compared to August and down … (4 comments)
market conditions: Redding CA Real Estate Market Update
- 11/07/09 05:39 PM
Home inventory is going down and sales activity is going up! That is great news for the Shasta County real estate market. Anything under $200,000 sells...that seems to be where the buyers are. This is primarily due in part to the First Time Home Buyer Tax Credit which was recently extended through 2010. For those that waited "until prices come down", their patience was well worth it! The average days on the market for homes in the Redding, CA area are around 130 days. Almost 50% of our unsold inventory is a foreclosed property or pre-foreclosure (short-sale). Homeowners who have not been able … (0 comments)
· 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 … (0 comments)
market conditions: Redding Ca Housing Market Statistics
- 09/02/08 02:24 PM
Active Residential Listings in Shasta County: 1,876 (43% of these are in Redding) There are 208 houses pending close of escrowin Redding Of the 772 active single-family homes listed in Redding, approximately 20% are in a short-salesituation (pre-foreclosure) or bank owned (foreclosed) status. This number has doubled from a year ago in September when short sales and REO's totaled less than 10% of the available inventory. Year-to-date Activity (Redding only) Number of single-family homes sold as of today is 684, compared to 871 (22% less) by this time last year. Average sales price in Redding is approximately $288,000 compared to $327,000 a year ago (a 12% … (0 comments)
market conditions: Local Market Conditions & Local News
- 05/22/08 07:16 AM
Local Market Conditions A return to "affordability" May 2008: Finally, people can afford to buy a home again! With prices falling in many parts of the country and the number of foreclosures rising, a small yet growing number of bargain-hunting buyers are seeing an upside to the real estate market. From first time home buyers who were priced out of the market between 2001-2005- to investors, and now international buyers. The decline in the value of the dollar against other currencies and lower prices translate into a discount of up to 30 percent for some foreign buyers. Many say this could … (0 comments)
market conditions: Market Conditions: Redding CA
- 03/25/08 02:27 PM
Real Estate in Redding CAWe have seen an increase in activity in the last three months with more and more homes going "pending" (or in escrow).Our MLS shows the following "pending" homes:January 2008 - 31 homesFebruary 2008 - 121 homesMarch 2008 - 139 homesWe are entering the "spring rush", historically the busiest time for real estate as buyers wait for better weather and buyers making offers prior to children entering the new school-year. Once July hits, the activity slows down some. For home owners planning to sell, the spring is the most recommended time to sell by many of us in … (0 comments)
market conditions: Redding CA Real Estate - Are we in a down market?
- 12/27/07 11:05 AM
Some of you may be thinking about selling your house but are not sure this is the best time to do it. In 2006 the market began shifting across the country and by the time 2007 hit, it was clear we were entering a new market cycle, making it harder to be a home seller today. How do we know if Redding is experiencing a "down" market? Historically speaking, when housing appreciation begins to decline and the level of housing inventory increases, it's safe to say we are experiencing a down market. This is not saying that houses have stopped appreciating, were just not seeing the double-digits we're use … (2 comments)
market conditions: Real Estate Monthly ~ Redding, CA
- 11/05/07 08:21 AM
NOVEMBER 2007 MARKET UPDATE: Forecasters indicate that the market won't be necessarily robust next year but will average 2% or so overall growth, which is roughly the same as this year. Our personal prediction is that the housing market will turn around in 2009, as we start to see the baby-boomers retire and begin to sell and buy properties. We know that historically it has taken longer for the real estate market to turn around, but because of the millions of baby boomer's playing a huge role in our economy, we believe they will change the course of the real estate market. These 78 million people … (0 comments)
market conditions: Real Estate Monthly ~ Redding, CA
- 10/10/07 03:22 AM
OCTOBER 2007 MARKET CONDITIONS Looking at the past nine months, we've seen a 5% drop in sales from last year with September being the slowest month with only 134 sold homes. Average sales per month are around 190 homes. Our busiest month was June with 234 sales. We currently have 2,042 active residential listings compared to 1,959 a year ago this month, not a huge difference but certainly climbing each month. Average sales price year-to-date is $319,000 compared to $329,000 a year ago ~ approximately a 6% drop. The median home price is $280,000 for the Redding area compared to the State's median home price of … (0 comments)
market conditions: Real Estate Monthly ~ Redding, CA
- 09/03/07 07:26 AM
In the last month we have noticed a number of contradicting reports about the stability of the real estate market. Lenders say one thing, real estate analysts and agents say another but we know everyone is carefully watching the trends. One thing is clear...there is a mortgage crisis going on due to the "sub-prime" market. The sub-prime market is a specific part of the mortgage market that involves homebuyers who borrow with a lacking or bad credit score and history. Sub-prime borrowers generally cannot qualify for mainstream prime financing terms and are approved for mortgages such as ARMs (adjustable rate mortgages). … (0 comments)
market conditions: Local Market Conditions ~ Redding CA
- 07/16/07 08:36 AM
It's no surprise we are in a buyer's market. Inventories of existing homes are higher than they have been in years but staying pretty close to the numbers we saw in 2006. Prices have definitely stabilized and percentages of home sales have declined by about 3%. The average sales price is $311,696 for the first seven months of 2007compared to $330,274 in 2006 (a 6% decline). Currently, the local Multiple Listing Service is showing an inventory of over 2,100 homes and an "average days on the market" of over 130 days. These levels of inventory are expected to continue through 2007 … (0 comments)
I cannot say enough about the experience I had with Chris & Maria Jeantet. From the very beginning they were giving suggestions to me for updating ... more
5.0/5.0
by lstandifer
77850
Chris and Maria Jeantet are amazing agents, and are even more amazing-er people. They helped me and my wife purchase our first home, and could not ... more
2013 The Year of the Seller's Market
;)
;)
;)
