This Week’s Redding Real Estate Update:
Active Listings: 1,311 (from 1,324 last week and 1,294 two weeks ago)
Pending Listings: 406 (from 393 last week and 406 two weeks ago)
Escrows Closed So Far This Month: 9
Escrows Closed So Far This Year: 124
Total # of Homes that closed escrow during 2009: 2,047
December 2009: 185
November 2009: 170
October 2009: 216
September 2009: 213
August 2009: 174
July 2009: 181
Latest Statewide Data From C.A.R.! So how does our current market compare to the “height” of the market for our area? The California Association of Realtors (CAR) released information in late December that depicts the height of the market in many areas of the state and then compares that to the November 2009 statistics to show the percentage of decrease that has happened since the height in our market. For Northern California (above Sacramento) the height of our market was in August of 2005 with a median peak price of $440,420. With November 2009’s median price of $268,700, the percentage of decline our local market has seen since its peak is approximately 39%. To see the graph of all areas of the state Click here!
REO/REPO Property Search!
Today’s market has many bank-owned properties available in our area. Click here to view all homes that are owned by the bank and available through the Shasta MLS Database!
SHORT SALE Property Search!
Short sales are another element of our current market. Click here to view all homes that are listed as “short sales” through the Shasta MLS Database!
Don’t know where to begin or what the difference is between traditional sales, REO’s and Short Sales? We’d be happy to help educate you before you begin your search so you understand your options! Don’t forget to call if you would like additional information about any of these homes or would like to preview some…we’re here to help!
Clint Cronic, Broker & Mindy Cronic, MBA, Owners
Next Generation Real Estate Services
942 Merchant Street Redding, CA 96002
530.227.0345
DRE License #’s 01314114, 01458166
