As mentioned in the prior post, home sales were up slightly February from January 2012. According to the Shasta MLS today, we went from a total 195 homes in January, to 212 sold in February. A hopeful trend. We wondered, what prices have homes in the Redding area been selling for?
In January, the average home sold for $179,587; and the Median Price was $143,500.
In February it was $154,203 on average, with a Median Price of $133,000.
We can attest that homes below the Median price level have been in high demand. Obviously, homes above median are selling, but it seems to us that they are on the market longer, and more often drop prices before ultimately selling.
The most expensive home sold in January was this one on El Capitan, for $875,000.
Listed and sold by Nedra Cook of Coldwell Banker
It started out listed just under $1M, and was on the market over a year. It was beauty, and elegantly decorated. We toured it, but never showed it.
The most expensive home sold in February was this one on Calle Camelia, for $760,000.
Home listed and sold by Chad Phillips of Venture Properties
And this one first listed for $1.35M, so is evidence of our theory about high end price drops from the last paragraph. This one dropped nearly half. We were scheduled to show it, but it was scooped up before our buyers could see it. It was really quite nice.
The least expensive home sold in January was $19,900 on Montana. It listed and sold with no price drop in just over 30 days.
The least expensive home sold in February was $28,000 on Silver. It listed for $59K last October, so had to reduce.
No pictures of the least expensive? No.
And we must mention that these statistics are for the entire MLS which includes some homes outside the Greater Redding, and Shasta County area. And we must add that information seen here is deemed to be reliable, but is not guaranteed. © 2012 MLS and FBS.
Prepared by Skip Murphy on Friday, March 09, 2012 8:31 AM