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Well most people reading the local newspaper, The Record Searchlight, couldn’t miss the front page article yesterday about the local housing market in contrast to the economy crisis nationwide.
According to DataQuick Information Systems the median sales price in Shasta County was $212,750 for new and resale homes which is down from $225,000 in August and $253,000 in September 2007. This data puts median home prices in Shasta County 29% below our highest peak in 2006 at $300,000. The numbers that we are seeing now are more indicitive of 2004 sales prices (as the median sales price was $190,000 in April 2004). Althouh meidan prices are down, DataQuick also reported that 168 homes were sold in Shasta County in September, a 7.7 percent increase from a year ago. For more information on our local real estate market visit our Real Estate Blog.
