Redding CA "Sold" Market Analysis for Active Adult Communities
With more and more baby boomers retiring, Redding Ca has seen an increase of residential sales in the past 12 months for active adult communities. As Seniors Real Estate Specialists, much of our personal business consists of those 55 plus and the impact the baby boomer generation has had in our area is very encouraging. In my opinion this is only the beginning.
There are four residential communities for the active adult in Redding, CA - these are gated communities for those 55 plus who want affordable housing and independence. These communities are:
So far this year (as of November 15, 2011) there has been 18 sales in these communities compared to 9 this time last year. That's a 50% increase, which is huge for our area. This is really good news for home owners currently residing in these communities as the number of days on the market have significantly reduced by 35%.
Residential Sales Statistics for Redding CA Active Adult Communities
The Average Sales price also went up from $208,000 to $215,000.
There are currently 11 homes for sale in Redding's Active Adult communities ranging from $150,000 to $225,000.
Days on the market at 128
18 Homes have sold in 2011 when combining all four communities
88% of the unsold inventory is in Shasta Hills Estates