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Today’s local Redding and Shasta County real estate market update, straight from the Shasta MLS database:

• Residential Listings: (Down 20 listings from 1/31)  There are 1,704 active listings and another 254 listings (up 8 listings from 1/31) that are pending (in escrow).  Year-to-date during 2008 we have had 110 listings that have sold (closed escrow) and of those, 4 have sold so far during February.  Overall statistic for the year 2007: there were 2, 140 listings that sold (closed escrow) and were recorded in the MLS database.  

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Today’s local real estate market update, straight from the Shasta MLS database:

• Residential Listings: (Down 3 listings from 2 weeks ago)  There are 1,724 active listings and another 246 listings that are pending (in escrow).  Year-to-date during 2008 we have had 103 listings that have sold (closed escrow).  Overall statistic for the year 2007: there were 2, 140 listings that sold (closed escrow) and were recorded in the MLS database.  

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Mortgage Forgiveness Debt Relief Act of 2007

Placer Title Company of Redding was nice enough to bring by a flyer on the newly passed “Mortgage Forgiveness Debt Relief Act of 2007″.  For those home owners out there that either have or are getting ready to face a mortgage rate increase due to an adjustable rate mortgage you will want to get more information on this program.  On December 20, 2007, President Bush signed this act into law which gretly reduces the negative tax implications of a short sale if the debt being forgiven meets certain criteria.  The new act will increase the incentive for borrowers and lenders to work together to refinance loans and allow American families to secure lower mortgage payments without facing higher taxes. Click the image below to view the flyer.

For more information about H.R. 3648, visit www.whitehouse.gov or www.govtracks.us.

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Today’s local real estate market update, straight from the Shasta MLS database:

• Residential Listings: (Up 30 listings from last week)  There are 1,727 active listings and another 241 listings that are pending (in escrow).  Year-to-date and month-to-date we have had 45 listings that have sold (closed escrow) in January.  Overall statistic for the year 2007: there were 2, 140 listings that sold (closed escrow) and were recorded in the MLS database.
• Vacant Land: (Up 3 listings from last week) There are 1,098 active listings and another 70 listings that are pending (in escrow).  Year-to-date and month-to-date we have had 8 listings that have sold (closed escrow) in January.  Overall statistic for the year 2007: there were 382 listings that sold (closed escrow) and were recorded in the MLS database.
• Commercial Property: (Down 1 listing from last week)There are 143 active listings and another 18 listings that are pending (in escrow).  Year-to-date and month-to-date we have had 3 listings that have sold (closed escrow) in January.  Overall statistic for the year 2007: there were 57 listings that sold (closed escrow) and were recorded in the MLS database.

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Today’s local real estate market update, straight from the Shasta MLS database:

• Residential Listings: (Down 2 listings from yesterday)  There are 1,697 active listings and another 248 listings that are pending (in escrow).  Year-to-date and month-to-date we have had 22 listings that have sold (closed escrow) in January.  Overall statistic for the year 2007: there were 2, 136 listings that sold (closed escrow) and were recorded in the MLS database.
• Vacant Land: (Up 5 listings from yesterday) There are 1,095 active listings and another 76 listings that are pending (in escrow).  Year-to-date and month-to-date we have had 2 listings that have sold (closed escrow) in January.  Overall statistic for the year 2007: there were 382 listings that sold (closed escrow) and were recorded in the MLS database.
• Commercial Property: (Down 1 listing from yesterday)There are 144 active listings and another 17 listings that are pending (in escrow).  Year-to-date and month-to-date we have had 1 listing that has sold (closed escrow) in January.  Overall statistic for the year 2007: there were 57 listings that sold (closed escrow) and were recorded in the MLS database.

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Today’s local real estate market update, straight from the Shasta MLS database:

• Residential Listings: There are 1,699 active listings and another 238 listings that are pending (in escrow).  Year-to-date and month-to-date we have had 19 listings that have sold (closed escrow) in January.  Overall statistic for the year 2007: there were 2, 136 listings that sold (closed escrow) and were recorded in the MLS database.
• Vacant Land: There are 1,090 active listings and another 76 listings that are pending (in escrow).  Year-to-date and month-to-date we have had 2 listings that have sold (closed escrow) in January.  Overall statistic for the year 2007: there were 382 listings that sold (closed escrow) and were recorded in the MLS database.
• Commercial Property: There are 145 active listings and another 17 listings that are pending (in escrow).  Year-to-date and month-to-date we have had 1 listing that has sold (closed escrow) in January.  Overall statistic for the year 2007: there were 57 listings that sold (closed escrow) and were recorded in the MLS database.

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Well it is Friday! We just did a great price reduction on a home in a nice area.  The sellers are really wanting this home sold so we evaluated the competition and priced the home $10,000 below all others in the area! 

The home was $286,000 and now it is $249,000, that’s a $37,000 price reduction!  The home is 4 bedrooms, 2 baths and nearly 1800 square feet.  Amenities include new front and rear landscaping, sod, planters, etc., gated RV parking, fresh exterior stucco, pantry in kitchen, all wrapped up in a well-maintained home in a great area.  For information please call 530.227.0345 or visit our website, www.SellingRedding.com.