Redding Ca Market update Sept 2009

By
Real Estate Broker/Owner with Apex California Realty

The active available inventory has been hovering around 1450 now for some time.

We should continue to see more short sales as we progess and probably less REO's in the next year.

Many banks are figuring out that a short sale is the way to go instead of paying all the money in Foreclosure expenses.

There are still around 50 properties in and around the greater Redding area that are under $100k!

There are some Tremendous deals on the upper end estates! One in particular that came out today is approx 5200 sq.ft of custom quality at $995,000....That was a $2. something Million dollar home at the top!

The weather is cooling off and there are still some great buy out there...many even pencil out! Something that you couldn't find 3-5 years ago!

Regards,

 

Richard Goates

Search the Redding MLS here now.

Posted by

Richard Goates

e-PRO

Eco Broker

http://www.inforedding.com

01251781

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