Redding Real Estate Market Statistics 7/13/08

Residential Listings:  There are currently 1915 active listings and another 402 listings that are pending (in escrow).  Last week there were 1889 active listings with another 391 in escrow which was up from 1,702 active listings 2.5 months ago!  During April 2008 we had 163 escrows closed, in May we had 182 closed escrows, in June we had  151 closed escrows and so far in July there have been  38 closed escrows.  Overall statistic for the year 2007: there were 2,140 listings that sold (closed escrow) and were recorded in the MLS database while so far in 2008 we have had 927 listings that have closed escrow. Click Here to search the entire Shasta MLS!

Are you thinking of selling your home?  Before selecting your agent make sure that they know where the market is going, where it has been and how they can help you to SELL your home, not just LIST it!  Contact us today at 530.227.0345 for more information on how our agressive marketing strategy can SELL your home!

FacebookTwitterGoogle+Share

Color Trends – Whats in and out

Redding Real Estate, Home Staging, Color Trends, Neutral Palette

If you have been making some color changes, whether it’s your home interior, exterior, wardrobe or make-up palette, here is some new information provided by HGTV.com with insight into the latest “trends” in color and what to expect through 2009.  Remember, these are good tips to use while staging a home for sale in today’s tough real estate market…the homes that appear to be well-maintained can cause less buyer anxieties and tend to get sold quicker than those that buyers might perceive as fixer-upper’s in the same price range. 

home staging, living room photo

Neutral Safe or More Color?

Neutrals are now, especially in larger purchases like cars, sofas or carpet. “In those big-ticket items, we’ll make the safer choice such as neutrals, from rich gray to camel,” says Emily Kiker Morrow, Director of Color, Style and Design at Shaw Industries. And, she continues, “We’re using trendier colors, like acid green or amethyst, as accent pieces.”

Denise Turner, founder of Color Turners and a color forecaster, agrees. “Neutrals continue to flourish, as companions for brighter hues or as standalone, monochromatic color schemes.”

Both color forecasters see chocolate brown on the wane, though Turner notes that brown is still the go-to color in nearly every industry, from auto manufacturing to fashion to home. The guard is changing, however, as lighter browns begin to make an appearance. Morrow says, “We’re seeing browns shift to the colors of spices and beverages. Think mocha and cinnamon.”

Which neutral might just surpass brown as the favorite? Gray. And it covers a wide range of hues, which span soft gray to charcoal to hematite, and gain interest from metallic and pearlescent accents.

Green continues to gain strength from its association with the growing shift toward eco-consciousness. It will show up in everything from fabrics to accessories to countertops.

Turner noted that, after 9/11, blue surged in popularity. This comfortable, soothing color is associated with dependability, constancy and peace – qualities Americans seek during unstable times. Now every product in the industry uses some type of blue, and many are paired with brown, from chocolate to taupe.

According to Turner, pink and red are “the colors of causes.” Think about the ribbons on our lapels to help raise awareness for breast cancer, AIDS or heart disease. But these sisters in the color family are also making their way into the home.

You’ll see red as a bold accent in black-and-white designs; and look for pink in romantic bedrooms, the modern girl’s living room or even in the kitchen, from cabinetry to appliances.

Violet came in through the back door, catching fire in the Goth trend in high schools (think purple-black t-shirts, eyeliner and fingernail polish). From there it made its way to the runway and now it’s lightening as it crosses into the home; popular variations include violet, wine and true purple.

Hot Color Combos

Home Staging, Redding Real Estate, color trends

Just as the popularity of single colors waxes and wanes, so does the popularity of color combinations.

Brown and blue has been a favorite for several years and Turner predicts it will be a favorite through 2009. Morrow agrees, though she believes that the brown will be lighter (tan, caramel and camel), rather than chocolate.

For the last few years, black and white has been a popular combination in the European market but Turner has noticed that it’s making its way across the pond. While Morrow has seen it more in accent pieces, like textiles and wallpaper, Turner suggests it will take over entire rooms, and recommends pairing it with hot accent colors like red or acid green for the latest look.

What’s Not Selling?

While you’ll see elegant gold in designs from traditional to Tuscan, don’t look for sunny true yellows in American homes (though Europeans love them).

Orange is another color that’s getting little love, unless you choose corals or an earthy, deep orange. But even then, these are used only as accents.

The trend toward violet, wine and amethyst is edging out soft lavenders or true purples. These colors, which were so popular in the 1980s, have taken a back seat to their bolder cousins.

Resources

Emily Kiker Morrow, CMG
Director of Color, Style & Design
Shaw Floors

Denise Turner, ASID, CID, CMG
Founder
Color Turners

FacebookTwitterGoogle+Share

Redding Real Estate Market Statistics 6/16/08

Residential Listings:  There are currently 1889 active listings and another 391 listings that are pending (in escrow).  2 weeks ago there were 1856 active listings with another 356 homes in escrow which was up from 1,702 active listings 2 months ago!  During April 2008 we had 163 escrows closed, in May we had 182 closed escrows and so far in June there have been 50 closed escrows.  Overall statistic for the year 2007: there were 2,140 listings that sold (closed escrow) and were recorded in the MLS database while so far in 2008 we have had 786 listings that have closed escrow. Click Here to search the entire Shasta MLS!

home_page_house Redding Real Estate Market Statistics 5/6/08 

FacebookTwitterGoogle+Share

Redding REPO – Lowest Price in Area!

So, back in 2008 I created this post for a repo that was on the market and it has provided a lot of feedback from clients so I am going to just keep updating it with new repos that we think may be “good deals” for potential buyers! Call us at 530.227.0345 for any questions or if you’d like a printed or emailed list of Redding Foreclosures.

Search All Redding Foreclosures!

3/2/10: 13173 TIERRA OAKS DR, REDDING, CA 96003
MLS #10-889 $354,900

Bank-owned Redding foreclosure featuring 4 bedrooms and 2.5 baths with 2,663sqft of living space all situated on 3 acres.  Has sought after features, granite counters, tile floors, wood stove on stone hearth, split floor plan, loads of storage, built in cabinets in bedrooms, hallway, upstairs loft included in s.f., inground pool, trex deck and close proximity to the freeway, As most bank foreclosures (REO’s), this home is being sold “As Is”.

Call us today at 530.227.0345  for more information on this home or email us at contactus@sellingredding.com
Advertised with permission by
Clint and Mindy Cronic of Next Generation Real Estate Services
DRE License #’s 01314114 and 01458166
(530) 227-0345
http://www.SellingRedding.com
http://www.ReddingBlogs.com
Listing Agent: Donald C. Hascall, DRE License # 01044242

6/20/08: Update to the home at 134 Ironwood Lane: Sale price $365,000 on 6/20/08

5/28/08:  So this week’s real estate “good deal” that we’ve found through the MLS database is located at 134 Ironwood Lane in Redding.  This home is located in Riverpark Highlands off River Park Drive in Redding.  Featuring 2618 square feet, 3 bedrooms and 2.5 baths, beautiful views off the expansive deck and hot tub area and is situated on an oversized city lot (under 1/2 acre).  The home also features an attached 3-car garage.  This home was sold in December of 2006 for $485,000 and is now available as a bank repo (or REO) for $323,900.  The home is sold as-is as nearly all REO properties are.  Listed by Linda Allison at Allison Realty Associates.  For more information or to view the property call Clint Cronic at Next Generation Real Estate Services at 530.227.0345.  The complete listing is available by clicking here

134 Ironwood, redding, ca

FacebookTwitterGoogle+Share

First Impressions DO count in real estate

The latest craze in real estate as most know is to complete DIY projects, saving time and money for the homeowner.  This is true in many instances but follow a couple rules: take your time and don’t cut corners and decorate for the masses if you are planning to sell anytime soon.  What I mean by “decorate for the masses” is to create an environment with paint colors and materials that almost anyone could bring their existing furniture into and live. 

What we are seeing now with many homes on the market in our area is a need for buyers to get the best “perceived value”.  They may look at 20 homes and find one home over the rest that has been staged to sell (doesn’t have to be by a professional “stager”) but appears as if the current owners have meticulously maintained the home.  Walking into a home with a clean front porch, clean eaves, mowed lawn and a couple live potted plants feels inviting to potential buyers whereas overgrown grass, broken-down cars and dead plants can be a warning sign of an improperly maintained home.  Here is a quick sample of what I mean…

  

Unstaged/cluttered homes might detract buyers

  

Clean and fresh homes attract buyers to see more!

FacebookTwitterGoogle+Share

DIY Home Improvement under $100!

Courtesy of HGTV.com, we’ve got some great tips for you on how to improve your home with a minimal investment of only $100!

Click here for a larger image

Tip 1: Spend an hour with a pro.
Invite a realtor or interior designer over to check out your home. Many realtors will do this as a courtesy, but you will probably have to pay a consultation fee to a designer. Check with several designers in your area; a standard hourly fee is normally less than $100, and in an hour they can give you lots of ideas for needed improvements. Even small suggested improvements, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.

Tip 2: Inspect it!
Not every home improvement is cosmetic. Deteriorating roofs, termite infestation or outdated electrical systems — you can’t fix it if you don’t know it’s broken. Hire an inspector to check out the areas of your home that you don’t normally see. They may discover hidden problems that could negatively impact your home’s value. Small problems (such as a hidden water leak) can become big, expensive problems quickly; the longer you put off repairs, the more expensive those repairs will be.

Tip 3: Paint, paint, paint.
One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value. When selecting paint colors, keep in mind that neutrals appeal to the greatest number of people, therefore making your home more desirable. Be sure not to over-paint (covering hardware, etc.) and make sure you take your time and do a good job.  On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, painter’s tape, drop cloths and brushes. So buy a few gallons and get busy!

Tip 4: Find inspiration.
An alternative to hiring a designer is to search for remodeling and decorating inspiration in design-oriented magazines, books, TV shows and websites. Simply tear out or print off the ideas you want to try and start your to-do list. Keep it simple — when remodeling on a tight budget, do-it-yourself projects are best.

Tip 5: Cut energy costs.
The amount of money you spend each month on energy costs may seem like a fixed amount, but many local utility companies provide free energy audits of their customers’ homes. They can show you how to maximize the energy efficiency of your home. An energy-efficient home will save you money now, which can be applied to other updates, and is a more valuable and marketable asset in the long run.

Watch videos courtesy of HGTV.com!

FacebookTwitterGoogle+Share

Redding Real Estate Market Statistics 5/24/08

Residential Listings:  There are 1,856 active listings and another 356 listings that are pending (in escrow)…up from 1,702 a little over a month ago!  Year-to-date during 2008 we have had 676 listings that have sold (closed escrow), during April 2008 we had 163 escrows closed and so far in May we have had 122 sold listings.  Overall statistic for the year 2007: there were 2,140 listings that sold (closed escrow) and were recorded in the MLS database.  

home_page_house Redding Real Estate Market Statistics 5/6/08

FacebookTwitterGoogle+Share

Historic Bed & Breakfast Reduced $50,000!

Priced to sell…this property is located in the historic district of French Gulch and is under 20 minutes from Downtown Redding and under 5 minutes from Whiskeytown and the Oak Bottom Marina!  Great opportunity with operating restaurant, bar and bed and breakfast…great for weddings, family gatherings or work retreats…the possibilities are endless!

FacebookTwitterGoogle+Share

Redding Real Estate Market Statistics 5/6/08

Actual activity that is available straight from the Shasta MLS database as of today, May 6, 2008:

Residential Listings:  There are 1,806 active listings and another 348 listings that are pending (in escrow)…up from 1,702 a couple weeks ago!  Year-to-date during 2008 we have had 568 listings that have sold (closed escrow), during April 2008 we had 163 escrows closed and so far in May we have had 17 sold listings.  Overall statistic for the year 2007: there were 2, 140 listings that sold (closed escrow) and were recorded in the MLS database.  

FacebookTwitterGoogle+Share

Should I do a Real Estate Short Sale?

The tax implications for the borrower could be so significant that a short sale would not be in the borrower’s best interest.  Before a short sale is contemplated, it is strongly recommended that the borrower seek the advice of a professional tax advisor.
 
Generally speaking, any relief of indebtedness from a short sale, regardless of whether the loan is a recourse or nonrecourse loan, is taxed as ordinary income. There are, however, some exceptions to this rule that may benefit a taxpayer involved in a short sale.  Remember, this is information specifically geared toward California residents and sellers and buyers should always consult a tax advisor before making any financial decisions.

FacebookTwitterGoogle+Share

What is a Real Estate Short Sale?

As inflation rises and costs of housing increase lenders are making higher loans amounts that can become too difficult for borrowers to repay.  This being said, some of these borrowers may not be able to fulfill their mortgage obligations.  When a borrower is no longer in a position to make the mortgage payments, is facing foreclosure and the current market value of the property–including escrow costs–is less than the loan on the property, the borrower may consider a short sale.  This could save the lender the expenses of foreclosure proceedings and from having another REO property on its books.  From the borrower’s perspective, the short sale prevents having the foreclosure on the borrower’s credit history, and releases the borrower from an obligation that he or she can no longer afford.

In essence, a short sale is a sale transaction subject to a lender’s approval in which the lender consents to a sale of the security interest for less than what is owed on the note and accepts the proceeds in full satisfaction of the loan amount.  A short sale requires much paperwork and preparation on behalf of the borrower.  Typically, before applying for a short sale, the seller must have a ready buyer and all the paper work prepared to present to the lender.  The buyer of the property must also be prepared for a protracted time period to conclude the purchase of the property.

FacebookTwitterGoogle+Share